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XRP & ADA Price Prediction After Cryptocurrency Market Crash

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XRP & ADA Price Prediction After Cryptocurrency Market Crash

The cryptocurrency market experienced a massive bloodbath on Monday, with leading altcoins plummeting double digits in the indices. Fears of another slump have gripped the markets as billions worth of funds have been wiped away in just two days.

Leading altcoins such as Ripple’s XRP and Cardano’s ADA nosedived double digits, falling to their three-month lows.

Also Read: Shiba Inu’s Birthday Month: How Will SHIB Perform in August 2024?

XRP and ADA are among the hardest-hit assets in the cryptocurrency market, making investors skeptical about taking an entry position. While Ripple’s native cryptocurrency, XRP, is currently down 17%, Cardano’s ADA fell 18% in the 24-hour day trade.

XRP & ADA Price Forecast As the Cryptocurrency Market Dips

Cardano ADA Ripple XRP
Source: MorningTick.com

All leading indicators indicate a strong ‘sell’ option for Ripple’s native token, XRP, and Cardano’s native cryptocurrency, ADA. The latest technical analysis for XRP shows that it’s currently under bearish grips.

XRP is firmly in the bears’ grip, with 94% bearish and only 6% bullish. The general XRP price prediction sentiment currently remains bearish, with 29 technical indicators pointing towards a downturn.

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Also Read: Top 2 Cryptocurrencies To Watch in August 2024

On the other hand, Cardano’s ADA is 78% bearish and 22% bullish in the technical pointers. ADA also signals a strong ‘sell’ option and could shed further value in the charts. XRP and ADA are in bear territory, and a quick recovery from here could be arduous.

The Daily Simple Moving Average (SMA), Daily Exponential Moving Average (EMA), Weekly Simple Moving Average (SMA), and Weekly Exponential Moving Average (EMA) all point toward the ‘sell’ option.

Also Read: BRICS: UBS Predicts the Future of the U.S. Dollar

Therefore, XRP and ADA will remain under pressure this month, leading to minor to no price spurts. The global economy remains under macroeconomic pressure as the market indicates a recession in the US. The global stock and cryptocurrency markets have been bleeding profusely since Friday, with no signs of a quick recovery.

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Bitcoin News Today: Regulators and Sanctions Shape Russia’s Cryptocurrency Mining Future

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Bitcoin News Today: Regulators and Sanctions Shape Russia’s Cryptocurrency Mining Future

Russian cryptocurrency mining companies are expected to pursue initial public offerings (IPOs) in the near future, according to experts, though several regulatory and geopolitical hurdles remain in their way. Vasily Girya, CEO of GIS Mining, noted that while many of their U.S. counterparts have already gone public, Russian miners are currently relying on strategic partnerships, private investments, and debt financing to raise capital and scale operations [2]. He emphasized that flexibility and adaptability are key advantages of this approach, allowing firms to avoid the pressures of public markets during a period of regulatory and geopolitical uncertainty.

The Russian crypto mining sector has shown strong growth, with major players such as BitRiver and Intelion generating combined revenues of $200 million in FY2024. These firms, like most in the industry, are primarily focused on Bitcoin (BTC) mining, though some are also exploring altcoins such as Litecoin (LTC) [2]. Despite this momentum, the absence of clear regulatory guidelines for public listings remains a barrier. Girya added that firms are waiting for the institutional environment to stabilize before considering public market entry.

Oleg Ogienko, an independent expert in blockchain and digital finance, estimated that Russian mining companies may need approximately a year to prepare for IPOs, depending on market conditions. However, he cautioned that the high cost of capital and ongoing international sanctions could delay or deter some firms from pursuing public listings immediately. Ogienko noted that while the Russian industrial mining market is significantly smaller than the U.S., it still presents strong long-term growth potential [2].

The timing of IPOs could also be influenced by developments in the broader crypto industry. Girya highlighted the significance of American Bitcoin’s anticipated listing as a “very important signal” for the global crypto market, signaling a growing trend of miners seeking public market capital to scale operations [2]. This shift reflects a broader industry movement toward increased transparency and institutional adoption, as miners seek to meet international governance standards.

Meanwhile, the Russian government is also moving to tighten control over crypto activities. A newly proposed draft law introduces administrative penalties for illegal crypto operations, including fines ranging from $1,000 to $20,000 for illegal mining and up to $20,000 for operating unlicensed mining infrastructure. The law also mandates the confiscation of funds and equipment in all cases. These measures indicate a continued effort to regulate and, in some cases, suppress uncontrolled crypto activity within the country [3].

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As the U.S. and other countries continue to embrace Bitcoin as a strategic asset, Russian firms may eventually follow suit, but they face a unique set of challenges. These include navigating a complex geopolitical landscape and waiting for a more mature regulatory framework to emerge. For now, the sector appears to be in a transitional phase, with major players building scale and governance structures that could position them for public market entry in the future.

Source:

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U.S. 401(k) embraces cryptocurrency as BAY Miner launches mobile cloud mining platform to support BTC and ETH investment

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U.S. 401(k) embraces cryptocurrency as BAY Miner launches mobile cloud mining platform to support BTC and ETH investment

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.


As US retirement asset management enters a new era, 401(k)s officially include cryptocurrency investments. In August 2025, US President Trump signed a major executive order greenlighting investments in private equity, real estate, and digital assets. Major cryptocurrencies like Bitcoin and Ethereum have become the new favorites in retirement assets. This move not only paves the way for trillions of dollars to flow into innovative asset classes, but also signals the deep integration of the US pension market with the digital financial system, propelling the crypto market into an era of institutionalization.

Meanwhile, BAY Miner recently launched a compliant mobile cloud mining platform, enabling global users to participate in daily investments in digital assets like Bitcoin (BTC) and Ethereum (ETH) with minimal barriers to entry. Simply register with your phone, no hardware required, and enjoy 24/7 automated mining and real-time profit settlement. The platform, backed by international financial-grade security and sustainable computing power, allows both retail and institutional investors to safely and conveniently enter the new era of crypto finance. BAY Miner’s AI-powered mining pool and flexible multi-currency configuration are accelerating the adoption and investment experience of high-quality assets like Bitcoin and Ethereum, injecting new momentum into the global digital asset market.

What does this new policy mean for ordinary investors?

The new US 401(k) policy including crypto assets has multiple implications for ordinary investors:

  • Diversified investment channels: Ordinary investors can now allocate crypto assets (such as Bitcoin and Ethereum) to retirement accounts (such as 401(k)s). Previously limited to investing in stocks, bonds, and mutual funds, they can now share in the long-term value growth of cryptocurrencies.
  • Lower barriers to entry into emerging assets: Investing in crypto through compliant pension plans eliminates the need to open exchange accounts or bear custody risks, helping ordinary investors enter the digital asset market safely and regulated.
  • Enhanced wealth appreciation opportunities: Crypto assets have high long-term return potential, providing a new growth point for retirement management and asset appreciation. This diversified allocation can help improve the return structure of investment portfolios, especially during periods of financial market volatility.
  • Tighter risk oversight: The policy requires investment products to be compliant and transparent. Crypto asset investments will be regulated by multiple agencies, including the US Department of Labor and the SEC, effectively reducing information asymmetry and fraud risks, and better protecting the rights of ordinary investors.
  • Long-term holding as the mainstream: Pension accounts have longer investment cycles, which allows ordinary investors to achieve asset growth through a “long-term approach” and avoid the risks of short-term speculation.
  • Financial and Tax Convenience: Investing in crypto assets through retirement accounts like 401(k)s can benefit from tax deferrals and other benefits under US regulations, reducing short-term tax burdens.

Against this backdrop, compliant, secure, and low-barrier-to-entry cloud mining platforms like BAY Miner will provide investors with convenient access to digital assets and support daily BTC and ETH returns, helping them better capitalize on market opportunities.

Seize the policy dividend and join BAY Miner cloud mining in four steps

Smartphone-Based Cloud Mining: A Simple 4-Step Process

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  1. Register an Account
    Sign up in seconds using your email – no ID verification necessary.
  2. Choose Your Mining Plan
    Select from various contracts based on your budget and goals.
  3. Activate With Crypto
    Fund your wallet with BTC, ETH, XRP, or USDT.
  4. Start Mining Instantly
    Mining begins immediately with no installations or maintenance needed.

Featured Mining Contracts and Returns

BAY Miner offers flexible mining packages to suit different investment levels. Here are some popular options:

l  Bitcoin Basic Plan
Investment: $100
Duration: 2 Days
Daily Yield: $4
Total Return: $108 (Investment + Earnings)



l  XRP Classic Plan
Investment: $600
Duration: 6 Days
Daily Yield: $7.20
Total Return: $643.20

l  Long-Term Plan
Investment: $3,000
Duration: 20 Days
Daily Yield: $39
Total Return: $3,780

l  Premium Plan
Investment: $50,000
Duration: 45 Days
Daily Yield: $910
Total Return: $90,950

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These verified payouts demonstrate BAY Miner’s consistent and transparent earnings model.

User benefits and prospects under the encryption of retirement accounts

The BAY Miner platform enables users to earn up to thousands of dollars in passive income daily through cloud mining (depending on principal and selected contracts) and offers flexible asset management. With US pension accounts now allowing cryptocurrency investments, cloud mining platforms like this are expected to become increasingly popular tools for ordinary investors to invest in crypto assets and achieve long-term returns.

Summary: From retirement accounts to cloud mining, a low-threshold channel connecting BTC and ETH

The opening of cryptoasset investments in US 401(k) pension accounts is accelerating the adoption of digital assets like Bitcoin and Ethereum into mainstream institutional investment. New mobile cloud mining platforms like BAY Miner provide ordinary users with secure, efficient, and automated access to BTC and ETH, significantly lowering the barrier to entry. For investors eager to seize this historic opportunity, now is the time to act—starting with a low-barrier, compliant digital asset journey on your mobile device, gradually integrating crypto assets into your long-term financial and wealth management plans.

Official Website: www.bayminer.com

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Download: https://bayminer.com/xml/index.html#/app

Don’t let your retirement account assets stagnate—use BAY Miner to continuously grow them in a secure and compliant environment.

Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

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Cryptocurrency: What do charities need to know?

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Cryptocurrency: What do charities need to know?

Cryptocurrency is increasingly becoming a buzzword, but there is a clear divide between charities that are embracing it and charities that don’t understand it. Here we outline everything you need to know.

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In an era defined by digital transformation, charities are increasingly exploring innovative ways to engage donors and diversify income streams. One of the most significant developments in recent years is the adoption of cryptocurrency as a means of donation. From Bitcoin to Ethereum and beyond, digital currencies are reshaping how charities operate, fundraise, and connect with a new generation of tech-savvy supporters.

What is cryptocurrency?

Cryptocurrency is a form of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments and central banks, cryptocurrencies operate on decentralised networks based on blockchain technology—a distributed ledger that records all transactions across a network of computers.

Popular cryptocurrencies include Bitcoin, Ethereum, and XRP, among thousands of others. These digital assets can be traded, stored in digital wallets, and increasingly, donated to charitable causes.

Why are charities turning to cryptocurrency? The motivations behind the growing adoption of cryptocurrency by charities are as diverse as they are compelling. At the forefront is the opportunity to engage a new donor demographic. According to The Giving Block’s 2024 Annual Report, there are now over 580 million cryptocurrency users worldwide. This vast, digitally native audience—often younger and less likely to engage through traditional giving methods—represents a significant untapped resource for the third sector.

Another key driver is tax efficiency. In jurisdictions such as the UK and the US, crypto donations are typically treated as “no-gain, no-loss” transactions. This means donors are not liable for capital gains tax when donating appreciated crypto assets, making it a highly tax-efficient way to give. For high-networth individuals and savvy investors, this adds a compelling financial incentive to support charitable causes through digital assets.

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Cryptocurrency also offers global reach. Unlike traditional banking systems, which can be slow and costly—especially for cross-border transactions—crypto enables nearinstantaneous international donations with minimal fees. This is particularly valuable for charities operating in multiple countries or responding to global crises.

Embracing cryptocurrency can also significantly enhance a charity’s public image. By adopting innovative technologies, charities position themselves as forward-thinking and adaptable.

This not only appeals to tech-savvy donors but can also attract media attention and new supporters who value modern, agile approaches to philanthropy. “With the cryptocurrency market valued at over $3 trillion, it’s important that we remove donation barriers, enabling donors to give in the form that is easiest and best suited to them,” Harvie explains.

Which charities are accepting crypto donations?

A growing number of charities are embracing cryptocurrency, either directly or through platforms like The Giving Block and JustGiving.

“There was once a time when the idea of fundraising online was difficult to imagine – now 25 years on from the launch of JustGiving, we have enabled over £7 billion to be raised for good causes,” says Pascale Harvie, President and General Manager of JustGiving. “In recent years there has been a surge in the use of cryptocurrencies globally, and our decision to enable such donations aligns with JustGiving’s culture of innovation and readiness to embrace new technologies for good,” Harvie adds.

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Alzheimer’s Research UK Alzheimer’s Research UK has partnered with The Giving Block to accept over 150 types of cryptocurrency. The charity has already received thousands of pounds in crypto, including a single Ethereum donation worth $4,500 (roughly £3,313).

Hope Rescue

Hope Rescue, an animal charity in Wales, became one of the first in the region to accept crypto donations. “We believe innovative solutions are the key to helping us make sure we can fulfil our mission of saving the lives of stray, abandoned and unwanted dogs,” the charity said at the time of its announcement.

CARE International

CARE has piloted blockchain-based programs in Kenya and Ecuador, using stablecoins like BUSD to distribute aid and promote economic recovery.

British Red Cross

The British Red Cross accepts over 70 types of cryptocurrencies through its website, including Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). Donations under £5,000 can be made directly online, while larger gifts are processed via direct contact to ensure compliance with ethical and regulatory standards. “Donate via crypto and join our community of Humanity HODLRS,” the charity states on its donation page, blending humanitarian appeal with crypto culture. The charity has integrated crypto giving into major appeals, including the Gaza Crisis Appeal, Ukraine Crisis Appeal, and Myanmar Earthquake Appeal, showing a commitment to using digital assets for global humanitarian response

RNLI (Royal National Lifeboat Institution)

The RNLI was one of the first UK charities to accept Bitcoin, launching its crypto donation option back in 2014. It partnered with a payment processor to convert donations immediately into GBP to avoid volatility. The charity’s early adoption was seen as a bold move and helped spark wider interest in crypto philanthropy in the UK.

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What are the benefits of accepting cryptocurrency?

The benefits are becoming increasingly clear as the sector explores new ways to diversify income and engage modern donors. One of the most immediate advantages is the potential for increased donations. Many crypto holders have seen substantial gains in their digital assets and are often more inclined to donate appreciated crypto rather than convert it to fiat currency, which could trigger capital gains tax. This creates a win-win scenario: donors can give more efficiently, and charities receive larger contributions.

“Since integrating cryptocurrency donations in November 2024, we’ve witnessed extraordinary acts of kindness, including a remarkable single £56,000 donation – the largest crypto contribution on our platform to date,” Harvie shares. “Additionally, cryptocurrency donations on JustGiving are, on average, worth ten times the value of traditional currency contributions, demonstrating the growing impact and generosity of crypto donors,” she notes.

Another compelling benefit is transparency. Because cryptocurrency transactions are recorded on a public blockchain, they offer a level of traceability and accountability that traditional financial systems often lack. This transparency can help build trust with donors, particularly younger generations who value openness and ethical stewardship of funds.

Speed and efficiency are also major draws. Unlike traditional banking systems, which can involve delays and high transaction fees—especially for international transfers—crypto donations can be processed quickly and at a lower cost. This is particularly advantageous for emergency appeals or global campaigns where time and resources are critical.

Finally, accepting cryptocurrency allows charities to diversify their income streams. In an increasingly uncertain economic climate, reducing reliance on traditional funding sources such as grants or direct debit donations can help build financial resilience. By embracing crypto, charities position themselves at the forefront of innovation while opening the door to a new generation of philanthropists.

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What are the risks and challenges?

While there are many benefits, it’s also important to acknowledge the risks and challenges that come withadopting this emerging technology.

One of the most pressing concerns is volatility. Cryptocurrencies are notoriously unstable in value. For instance, Bitcoin’s price plummeted from over £53,000 in 2021 to around £16,000 in 2022. Such dramatic fluctuations can severely impact the value of donations and complicate financial planning for charities that rely on predictable income streams.

Security is another critical issue. Digital wallets and cryptocurrency exchanges are frequent targets for cyberattacks. Without robust cybersecurity measures in place, charities risk losing valuable assets to hacking or fraud. This makes it essential for organisations to invest in secure infrastructure and staff training.

There is also considerable regulatory uncertainty. Cryptocurrency laws and tax regulations are still evolving in many jurisdictions. Charities must stay informed and compliant with the latest legal requirements, which can vary significantly between countries and even regions.

The pseudonymous nature of blockchain transactions also presents compliance challenges. While transactions are recorded on a public ledger, the identities of donors are not always easily verifiable. This raises concerns around anti-money laundering (AML) and know-yourcustomer (KYC) regulations, which are vital for maintaining ethical and legal standards in fundraising.

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“As with any step forward, we are aware that there may be some reservations,” Harvie acknowledges. “However, thanks to our partnership with The Giving Block, who are leaders in crypto philanthropy, we have strict policies that verify the validity and source of donations. On top of this, cryptocurrency that is donated via JustGiving is instantly converted to fiat currency before being distributed. This eliminates the need for charities to be concerned about holding or handling crypto and any price or market volatility.”

What does the Charity Commission say about crypto?

In response to the growing interest in cryptocurrency among charities—and the risks that come with it—the UK Charity Commission has updated its financial guidance to help trustees navigate this complex terrain. The revised guidance outlines several key areas of focus for organisations considering or already accepting crypto donations.

First and foremost is risk awareness. Trustees are expected to understand the unique challenges associated with digital assets, including extreme price volatility, the potential for theft, and the evolving regulatory landscape. The guidance also stresses the importance of due diligence. Charities must thoroughly vet any platforms or thirdparty providers involved in handling crypto donations to ensure they are secure, reputable, and compliant with relevant laws.

Equally critical are internal financial controls. The Commission advises that robust systems must be in place to safeguard digital assets, just as they would be for traditional funds. This includes clear policies on how crypto is stored, accessed, and converted. Transparency and accountability are also essential. Trustees must ensure that all crypto-related activities are clearly documented and reported, maintaining public trust and regulatory compliance.

What does the future of crypto fundraising look like?

The future looks promising. Experts predict that over $10 billion in crypto will be donated to charities over the next decade. As platforms like JustGiving and The Giving Block simplify the process, more charities are likely to join the movement.

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Alzheimer’s Research UK is already planning crypto-funded events, including a fully crypto-sponsored London Marathon team in 2025.

Cryptocurrency presents both a challenge and an opportunity for the charitable sector. While the risks are real—volatility, security, and regulatory concerns—so too are the rewards. By adopting clear policies, leveraging trusted platforms, and staying informed, charities can harness the power of crypto to drive social impact. in the digital age.


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