The post BitMEX Hints at Ripple Partnership: XRP Market on Bullish Alert appeared first on Coinpedia Fintech News Crypto exchange BitMEX has stirred excitement in the XRP community after a mysterious X post hinted at a potential market-moving collaboration with Ripple. Ripple Effect Teaser Triggers Speculation On May 17, BitMEX posted a GIF showing ripple effects with the caption, “news that’s gonna have a @ripple effect on the market.” The X post has racked up nearly half a million views, fueling speculation that a major Ripple announcement is around the corner. While no details have been confirmed, the wordplay strongly suggests more than marketing banter. XRP Derivatives Coming to BitMEX? The post has led many traders to believe BitMEX might soon integrate XRP or launch new derivative products tied to the asset. Known for pioneering leveraged crypto trading, BitMEX’s entering the XRP market could attract fresh trader interest and lend additional legitimacy to Ripple’s ecosystem. With XRP currently trading between $2.3 and $2.45, a confirmed BitMEX-Ripple tie-up could trigger a bullish breakout. Market interest in XRP has already been on the rise following Ripple’s improved legal standing in the U.S., and a new partnership could amplify that momentum. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : XRP Spot ETF News: Odds Rise To 83%, SEC Decision in June? , XRP Price Analysis Analyst Egrag Crypto believes XRP could skyrocket to $27, citing Fibonacci levels and chart breakouts as proof of a bullish long-term setup. More grounded predictions from traders suggest levels like $6.22 and $7.68 as achievable milestones. While those figures are ambitious, short-term targets like $3 seem well within reach if bullish sentiment holds. With speculation mounting and the official details still under wraps, the XRP market is on high alert. A real collaboration announcement could be the spark bulls are waiting for. On the other hand, crypto analyst CryptoGeek believes that if XRP succeeds in capturing the $27 trillion U.S. Treasury bill market, its price could soar to $482.48 per coin. This would represent a staggering 790x surge from current levels. 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Analyst Egrag Crypto sees $27 as possible via technical setups; others suggest more modest but still bullish targets like $6–$7. What impact could a BitMEX-Ripple deal have on XRP price? A confirmed partnership could trigger a bullish XRP breakout as trader interest and legitimacy increase.

Falling 7-day moving average of the taker buy sell ratio meant that taker sell orders vastly outweighed buy orders.

A group of Coinbase users from Illinois have filed a class-action lawsuit against the crypto exchange, alleging that its identity checks violate the state’s Biometric Information Privacy Act (BIPA). Plaintiffs Scott Bernstein, Gina Greeder and James Lonergan claimed in the May 13 lawsuit filed in a federal court that Coinbase’s “wholesale collection” of faceprints for its Know Your Customer requirements violates BIPA, as they weren’t notified. The group claimed Coinbase failed to notify users in writing of the collection, storage, or sharing of their biometric data and the purpose and retention schedule for their data. “Coinbase does not publicly provide a retention schedule or guidelines for permanently destroying Plaintiffs’ biometric identifiers as specified by BIPA,” they alleged. The complaint said Coinbase requires users to verify their identity by uploading a government-issued photo ID and a selfie, which is then sent to a third-party facial recognition software to scan and extract facial geometry. This process captures biometric identifiers without users’ informed written consent, which the suit claimed violates BIPA. Coinbase ID verification procedures. Source: CourtListener Additionally, the group claimed Coinbase violated the law by sharing biometric data without users’ consent to third-party verification vendors such as Jumio, Onfido, Au10tix and Solaris. “Coinbase ‘obtains’ biometric data in violation of [BIPA] because it explicitly directed the Third Party Verification Providers to use its software to verify and authenticate users, including Plaintiffs, and its software does so by collecting biometric data,” the complaint read. The group claimed that more than 10,000 individuals have filed demands for arbitration over these issues with the American Arbitration Association, which Coinbase has allegedly refused to pay the required arbitration fees, causing them to be dismissed. Related: Alabama drops staking lawsuit against Coinbase The suit brings three claims of violating state biometric privacy laws and one for consumer fraud under the Illinois Consumer Fraud and Deceptive Business Practices Act. The group is seeking relief of $5,000 per willful or reckless violation found, $1,000 per negligent violation found, along with injunctive relief and litigation costs. Coinbase has also recently been hit with at least six lawsuits over its May 15 disclosure that some of its customer support agents were bribed to leak users' data. Past BIPA violation suit sent to arbitration In May 2023, a group of Coinbase users sued the exchange under similar accusations of BIPA violations. A judge later allowed that lawsuit to pause pending arbitration and dismissed the lawsuit without prejudice on Feb. 3 after Coinbase and the group of users agreed to drop the action. Magazine: Arthur Hayes $1M Bitcoin tip, altcoins ‘powerful rally’ looms: Hodler’s Digest

The post Russia To End USDT Trading with New Central Bank Crypto Rules appeared first on Coinpedia Fintech News As Russia tightens its grip on the crypto sector, a fresh wave of Central Bank regulations could severely affect USDT trading within the country. While Russian firms may still be able to use stablecoins like Tether for cross-border settlements, domestic investor access to USDT appears increasingly at risk. No Explicit Ban, but All Signs Point to Trouble for USDT Following the freeze of USDT wallets last month, the Central Bank of Russia has introduced new rules before launching its regulated crypto sandbox on May 26. The sandbox is designed to let firms use crypto in global trade, but with tight restrictions on what tokens are allowed. While the bank avoids naming specific assets, experts believe these regulations are effectively engineered to exclude USDT and most other USD-backed stablecoins. Under the new framework, only tokens from “friendly countries” can be traded, those not support sanctions against Russia. Moreover, the rules target coins that could be “blocked” or deactivated by issuers, a clause analysts say directly points at Tether, which has the ability to freeze wallets and deny redemptions. A meeting between Russian President Vladimir Putin and Ukrainian counterpart Volodymyr Zelenskiy could take place if the two sides come to certain agreements, Interfax reported https://t.co/KykMbJbU2I — Bloomberg (@business) May 17, 2025 Experts Say USDT Doesn’t Qualify Mikhail Uspensky, a crypto regulatory advisor in Russia, confirmed that USDT likely doesn’t meet the new requirements and would be barred from domestic circulation. Georgy Gukasyan, legal director at DRT, further explained that Tether’s compliance with U.S. sanctions gives it the power to deny redemptions and freeze assets, leaving Russian holders vulnerable. Stablecoin Use Abroad Still Open Despite the restrictions, both experts agree that using USDT for cross-border settlements will remain legal. The sandbox’s core intent is to support international trade, not individual investors. But for traders and crypto investors in Russia, the writing on the wall is clear— USDT is on its way out. With Tether already cooperating with U.S. authorities in past enforcement actions, such as freezing wallets linked to Russian exchange Garantex, confidence in USDT’s usability within Russia is eroding fast. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : GENIUS Act Vote on May 19: Will the U.S. Finally Regulate Stablecoins? , Other Alternate Ways Russia is also advancing two pilot programs for cross-border payments using digital assets. One leverages tokenized assets like gold under its DFA regime, now approved for international use despite onboarding hurdles for foreigners. 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} } else if (subscribeStatus.notification_type === 1) { parent.document.getElementById('dailySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('daily_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('daily_' + getcategoryId).checked = true; } } if (subscribeStatus.subscribe_status === 1) { listOfSubscribed.push(subscribeStatus._id); } }); if (hasSubscribeStatusOne) { elementTosubscribe.style.display = 'none'; elementTounsubscribe.style.display = 'block'; } else { elementTosubscribe.style.display = 'block'; elementTounsubscribe.style.display = 'none'; } } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function logSelectedSubscriptions(categoryid) { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); unsubscribemodal.innerHTML=''; subscribedmodal.innerHTML=''; var selectedSubscriptions = []; var storeCheckedId = []; var checkboxes = document.querySelectorAll('#subscription-options-' + categoryid + ' input[type="checkbox"]'); var errorMessage = document.getElementById('error-message-select'); // Use a Set to handle unique data-ids var uniqueSubscribedIds = new Set(listOfSubscribed); checkboxes.forEach(function(checkbox) { var dataId = parseInt(checkbox.getAttribute('data-id')); if (checkbox.checked) { selectedSubscriptions.push(checkbox.id); storeCheckedId.push(dataId); } else { uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id } }); // Update listOfSubscribed with unique values listOfSubscribed = Array.from(uniqueSubscribedIds); var selectedSubscriptionsString = selectedSubscriptions.join(', '); var concatinateSubscribeId = [...new Set(storeCheckedId.concat(listOfSubscribed))]; var categoryData = { 'subscribed_categories': concatinateSubscribeId }; var requestSubscriberData = { action: 'handle_dynamic_api_request_with_headers', security: 'a2fd45a48a', endpoint: '/app/email_newsletter/update_categories', token: '', data: categoryData }; jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: requestSubscriberData, beforeSend: function(xhr) { xhr.setRequestHeader('X-Requested-With', 'XMLHttpRequest'); }, success: function(response) { try { response = response.data; if (storeCheckedId.length === 0) { var unsubcribedPopUpmodal = ` You’ve Unsubscribed Successfully We're sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community! `; unsubscribemodal.innerHTML = unsubcribedPopUpmodal; document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; unsubscribemodal.style.display = 'block'; unsubscribemodal.classList.remove('hide'); unsubscribemodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'block'; document.getElementById('unsubscribe_' + categoryid).style.display = 'none'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'none'; } } else { var subscribedPopupModal = ` Thank you for subscribing! Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(','); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split('_')[0]); let subscribedCategoriesString = subscribedCategories.join(', '); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById('selectidname')) { document.getElementById('selectidname').textContent = subscribedCategoriesString; } document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; subscribedmodal.style.display = 'block'; subscribedmodal.classList.remove('hide'); subscribedmodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'none'; document.getElementById('unsubscribe_' + categoryid).style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } } catch (e) { console.error('Error parsing response:', e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector('#' + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add('hide'); modal.classList.remove('show'); setTimeout(function() { modal.style.display = 'none'; }, 500); } else { console.warn('Modal not found:', modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); if (unsubscribemodal) { unsubscribemodal.classList.add('hide'); unsubscribemodal.classList.remove('show'); } setTimeout(function() { unsubscribemodal.style.display = 'none'; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); setTimeout(function() { subscribedmodal.style.display = 'none'; }, 500); if (subscribedmodal) { subscribedmodal.classList.add('hide'); subscribedmodal.classList.remove('show'); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem('subscribe_without_Login', 'true'); localStorage.setItem('subscribe_clicked_id', withoutlogin_id); } document.addEventListener('DOMContentLoaded', function() { const subscribewithoutData = localStorage.getItem('subscribe_without_Login'); const subscribe_clicked_cat_id = localStorage.getItem('subscribe_clicked_id'); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie('user_token'); if (subscribewithoutData === 'true' && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem('subscribe_without_Login'); localStorage.removeItem('subscribe_clicked_id'); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll('.subscription-options input[type="checkbox"]'); initialListItems.forEach(function(item) { console.log(item.checked, 'Initial Checkbox checked status'); }); var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector('.subscribe-submit .changeBtnText'); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } }); FAQs Is crypto allowed in Russia? Yes, crypto is legal in Russia, but it cannot be used for payments inside the country—only for investment and cross-border trade. What is the Russian currency crypto? Russia’s official crypto is the digital ruble , a central bank digital currency (CBDC) currently under development and pilot testing. Is crypto taxed in Russia? Yes, crypto gains are taxed in Russia. Individuals must declare profits and pay tax on income earned from crypto trading or investing. How much tax will I pay on crypto in Russia? Crypto profits are taxed at a 13% rate for residents and 15% for high earners or non-residents , similar to other capital gains.