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XRP Cloud Mining Gains Momentum as BJMINING Expands Global Operations

XRP Cloud Mining Gains Momentum as BJMINING Expands Global Operations

Author:
XRP News
Published:
2025-08-02 18:04:17
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BJMINING, a UK-based cryptocurrency mining firm established in 2015, has made significant strides in the XRP ecosystem with its innovative cloud mining contracts. The company has successfully attracted over 100,000 XRP holders by offering a seamless way to convert idle XRP into mining power, enabling daily rewards without the hassle of hardware costs or maintenance. With a robust network of 60 mining farms spread across 180 countries, BJMINING utilizes AI-powered scheduling and green energy solutions to maximize efficiency and returns for its users. This expansion underscores the growing adoption of XRP in the mining sector and highlights the potential for further price appreciation as demand for cloud mining services rises. As of August 2025, the cryptocurrency market continues to show bullish trends, with XRP positioned as a key player in the evolving landscape of digital assets.

BJMINING Expands Global Mining Network with XRP Cloud Mining Contracts

BJMINING, a UK-based mining firm operating since 2015, has attracted over 100,000 XRP holders with its newly launched cloud mining contracts. The service allows users to earn daily rewards by converting idle XRP into mining power, eliminating hardware costs and maintenance burdens.

The company's 60 mining farms across 180 countries leverage AI-powered scheduling and green energy to optimize returns. A $15 registration bonus lowers entry barriers for new users. This MOVE capitalizes on XRP's growing market relevance while expanding BJMINING's 5-million-user ecosystem.

Crypto Sector's Fairshake PAC Amasses $141M for 2026 Elections with Coinbase's $25M Boost

The cryptocurrency industry is positioning itself as a dominant force in U.S. congressional elections, with Fairshake PAC and its affiliates now holding $141 million in campaign funds. Coinbase's latest $25 million contribution underscores the sector's commitment to shaping pro-crypto legislation.

Fairshake's $139 million spending in the previous cycle secured influence over approximately 10% of Congress, demonstrating the industry's growing political clout. Key backers like Coinbase, Ripple, and a16z have replenished the war chest well ahead of the 2026 election cycle.

"Congress needs to stop playing politics with crypto and finally pass responsible regulation," said Fairshake spokesperson Josh Vlasto. The PAC plans an aggressive strategy to amplify pro-crypto voices in pivotal races nationwide.

Ripple Pursues MiCA Compliance to Expand RLUSD Stablecoin in Europe

Ripple is strategically positioning itself for European expansion by pursuing a Markets in Crypto-Assets (MiCA) license, a critical regulatory requirement for operating within the EU. The company's newly registered entity, Ripple Payments Europe S.A. in Luxembourg, underscores its commitment to compliance and market penetration.

The firm's unconfirmed application for an electronic money institution (EMI) license suggests ambitions to offer cross-border services across the European Economic Area. Job postings for stablecoin-focused roles in Luxembourg reveal concrete plans to scale RLUSD operations under evolving EU regulations that mandate 30-60% reserve requirements for stablecoin issuers.

Luxembourg emerges as a jurisdictional battleground, with Ripple following crypto heavyweights like Coinbase and Standard Chartered in establishing regulated operations. This regulatory chess move comes as MiCA implementation begins reshaping Europe's digital asset landscape.

Ripple Targets EU Growth with MiCA License Bid in Luxembourg

Ripple is advancing its European ambitions with a strategic push for regulatory compliance. The company has formally registered Ripple Payments Europe S.A. in Luxembourg—a deliberate foothold in the EU's evolving crypto landscape. This move precedes its pursuit of a Markets in Crypto Assets (MiCA) license, positioning Ripple alongside early adopters like Coinbase and Bitstamp who secured approvals through Luxembourg's regulator-friendly regime.

While Ripple remains tight-lipped about parallel applications for electronic money licenses, its Luxembourg entity signals long-term intent. The Grand Duchy has emerged as the jurisdictional gateway of choice for crypto firms preparing for MiCA's 2024 implementation. Ripple's measured expansion reflects both the opportunities and constraints of operating in Europe's patchwork of national financial regulations.

XRP Eyes $4.8 as NYSE Arca Prepares to Launch Leveraged ETF

XRP is testing a critical resistance level at $3, with analysts predicting a potential surge to new all-time highs if bullish momentum holds. Crypto analyst Ali Martinez notes a weekly close above $3 could confirm an upward trajectory, targeting $3.4 initially and eventually retesting the 2018 peak NEAR $3.8. "XRP is screaming all-time highs," Martinez tweeted, highlighting the asset's technical strength.

Institutional interest is mounting as ProShares receives approval for its Leveraged Ultra XRP (UXRP) ETF, set to trade on NYSE Arca. The ETF will track XRP futures contracts and deliver twice the token's daily performance. Listed on the DTCC platform, trading is expected to begin this week—a sign of growing regulatory clarity and mainstream adoption.

Ripple v. SEC Settlement Nears, Boosting XRP's Institutional Prospects

The prolonged legal battle between Ripple and the U.S. Securities and Exchange Commission is approaching resolution, with both parties agreeing to key settlement terms. Ripple will pay a $50 million civil penalty and drop its appeal, while the SEC withdraws its own appeal—clearing the path for regulatory certainty.

Market observers anticipate this development could catalyze central bank adoption of XRP for cross-border settlements. The token's utility as a liquidity tool had been stifled since 2020 when U.S. exchanges delisted it following the SEC's lawsuit. Financial institutions globally now await clarity to evaluate blockchain settlement systems.

Legal finality may transform XRP from speculative asset to institutional-grade infrastructure. Banks previously hesitant due to regulatory ambiguity are reassessing their positions. The settlement's ripple effects could extend beyond cryptocurrency markets into mainstream financial networks.

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