The Geração Crypto platform, a company linked to Braiscompany, ended its activities on March 20, more than 30 days after Operation Halving, triggered by the Federal Police.

In a note, those responsible for the page said that they worked for 3 years showing the potential profits of the cryptocurrency market.

The profile, which advertises itself as a CNPJ Braiscompany portal, also says that easy profits of up to 500% in six months are possible.

It is worth remembering that the Federal Police had already determined that the activities of Braiscompany had stopped since February 2023, that is, it is not clear if Geração Crypto continued its activities in breach of the measures.

This is because two out of three of the company leaders owned Braiscompany and are fugitives from justice, Antônio Neto and Fabrícia Farias.

Braiscompany Company, with Merchants Linked to Cryptocurrency Scam, Promises to Continue Activities

In a note at the end of its activities, Geração Crypto says that all its work was done by the company’s cryptocurrency traders. According to them, even with the court rulings against Braiscompany, they all continued “fulfilling the mission.” They go on asserting the following:

“It is important to remember that all work was done exclusively by our merchants and, even after Braiscompany’s court orders, we continue to fulfill our mission of delivering content and advice to our students, without any contact with partners.”

Despite continuing to operate, even with court rulings against most of its partners, the company says it has been cursed by customers, and has been object of accusations and slander.

With that, the company finally comes to an end, leaving a thank you to customers, some of whom have received no income from Braiscompany since December 2022.

“Thus, by unanimous decision of the merchants responsible for the content of Geração Crypto, to no longer be linked to Braiscompany, we come to inform you of the closure of activities in Geração Crypto. It is a very difficult decision to make and inform, given all the work we have built together with you during these 3 years. We thank all of you who have placed your trust in our work, many who have become friends, who have seen the evolution, the results, the achievements through the Crypto Generation”.

Former Braiscompany Traders Say uhey Will Continue Trading Under Another Name

With the end of Geração Crypto, linked to Braiscompany, traders from the former financial pyramid of Paraíba say they will continue to operate in the market.

According to them, with the name “Crypto Legacy”, the contracts of Crypto Generation clients will be able to be fulfilled until the end. The new platform, according to the traders, has no relationship with Braiscompany.

It should be remembered that clients contract a platform that gives them access to a group of signals for buying and selling cryptocurrencies. However, it is not clear if the new company is authorized to offer services and if it already has a valid CNPJ, which provides greater legal certainty to clients.

Since  Operation Halving against Braiscompany leaders, the company came to an end and paralyzed its activities.

Braiscompany’s own lawyers said that there was no longer anyone in charge of the company, with the disappearance of the leaders, whose whereabouts are still uncertain.

By Audy Castaneda

On Sunday, Ethereum (ETH) joined the broader market in positive territory, rising 1.25%, to end the day at $1,786. The news that USB AG has agreed to acquire Credit Suisse Group AG supported a bullish end of the week. Technical indicators remained bullish, leaving $2,000 in sight.

Ethereum (ETH) was up 1.25% on Sunday. Partially reversing a 1.67% loss on Saturday, ETH ended the week up 12.19% at $1,786.

A mixed start to the day saw ETH drop to an early low of $1,763 before making a move. Breaking away from the first major support level (S1) at $1,729, ETH rallied to an early overnight high of $1,847. ETH broke above the first major resistance level (R1) at $1,822, before pulling back to end the day at $1,786.

UBS Agreement to Acquire Credit Suisse Bank Delivers a Bullish Sunday

On Sunday, fears of a deepening banking crisis were allayed by the news that UBS AG (UBS) agreed to acquire Credit Suisse Group AG (CS).

Investor relief was evident, with ETH hitting a fresh 2023 high of $1,847, before pulling back. However, while the Swiss government may have averted a catastrophe, nervousness in the banking sector is likely to persist in the near term. Assurances of government and central bank action to avoid a banking crisis should ease fears of a global financial crisis.

There were no updates on the Shapella update to distract investors on Sunday. However, ETH staking entries fell despite the bullish session.

Following UBS’s deal to acquire Credit Suisse, investors should continue to watch for bank-related news that could turn the tide. ETH and the crypto market in general showed resistance to the adverse events of the last two weeks. However, the threat of a global financial crisis would probably test the most resilient investor.

News related to the Shapella update, as well as regulatory and lawmaker activity, will also move the dial.

Ethereum (ETH) Price Action – Technical Indicators

ETH was down 0.34% at $1,780. A mixed start to the day saw ETH rally to an early high of $1,791, before falling to a low of $1,767.

ETH needs to move through the $1,799 pivot to target the first major resistance level (R1) at $1,834, and the Sunday high of $1,847. A return to $1,800 would signal a breakout session. However, Shapella upgrade news, as well as the crypto news wires, should be ETH-friendly to support a breakout.

In the event of a prolonged rally, the bulls would likely test the second major resistance level (R2) at $1883, and resistance at $1900. The third major resistance level (R3) sits at $1,967.

Ethereum broke above the 50-day EMA, currently at $1,704. The 50-day EMA has broken further away from the 100-day EMA, and the 100-day EMA has broken out from the 200-day EMA, providing bullish signals.

A hold above the major support levels and the 50-day EMA ($1,704) would support a break of R1 ($1,834) to target R2 ($1,883) and $1,900. However, a drop-through S1 ($1,750) would give bears a run on S2 ($1,715) and the 50-day ($1,704). A drop through the 50-day EMA would send a bearish signal.

By Audy Castaneda