Log in

Home
Research
Analysis
Community
  1. Cryptonary
  2. Archived Posts
  3. Dubai-based IBC investment group to invest $10M in ETH2.0
News

Dubai-based IBC investment group to invest $10M in ETH2.0

Updated: Aug 12, 2024
Published: Nov 19, 2020
0
Share:

Ethereum 2.0

Post Feature Image

Earlier this month, it was announced by Vitalik Buterin that the ETH2 deposit address was live. This meant that the much-awaited upgrade was finally around the corner. As of now the Ethereum blockchain runs a Proof-of-Work consensus algorithm which is both energy-intensive and difficult to scale. The plan is to upgrade the chain and implement a Proof-of-Stake consensus algorithm with this Serenity upgrade.

Investment Requirements

If by the 24th of November 525,288ETH are deposited into the ETH2 contract, then the launch of genesis will be on December 1st. This number of ETH equates about $250 million at today’s ETH price (~$470).

As of now 105,120ETH have been deposited which is 20% of the requirement and we are less than a week away from the 24th of November. If accumulating this number of ETHs takes longer then the genesis event will be pushed accordingly.

One-Way Street

ETH2 depositors will benefit from staking rewards of about 25%APY. The issue they are facing however is how long their funds remain locked in there. For now, this deposit contract is a one-way street. Once in, funds cannot be withdrawn until Phase 2 is completed and that is estimated to take a few years.

$10M Investment from IBC

Firm believers in Ethereum’s mission are willing to take a chance on it and lock funds from an extended period of time. One of those people is Khurram Shroff, Chairman of the IBC Group, whom is willing to deposit 20,000ETH into the contract (~$10M). He stated: “We are very excited by the ‘Proof of Stake’ concept proposed for the Ethereum 2.0 smart contracts and are locking up 20,000 eth which is a one way trip till phase 2, this lockup shows our confidence in ETH2 and dedication to the beacon chain. The greener and more efficient version being introduced in the second iteration addresses the unsustainably high energy consumption required by the ‘proof of work’ model, making it even more attractive”.

Continue reading by joining Cryptonary Pro

Save 23%

$1,548 $1,197/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

As a Cryptonary Pro subscriber, you also get:

  • 3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

3X Value Guarantee

If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

Terms & Conditions apply

Star

Trusted by 300,000+ investors

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp

Frequently Asked Questions

Can I trust Cryptonary's calls?

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

Do I need to be an experienced trader or investor to benefit?

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

What makes Cryptonary different from free crypto content on YouTube or Twitter?

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

Why is there no trial or refund policy?

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Do I get direct access to the Cryptonary team?

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

How often is content updated?

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

How does the 3X Value Guarantee work?

We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.

Recommended from Cryptonary
BTC, ETH and More: Bitcoin and Ethereum Tap Key Supports
PRO
Market Direction
BTC, ETH and More: Bitcoin and Ethe...A lot has happened in a short amount of time. Downside liquidity has been swept across majors, and w...
13 min read
Jan 30, 2026
Market Update: Kevin Warsh Confirmed as Fed Chair Nominee
PRO
Market Updates
Market Update: Kevin Warsh Confirme...The market just got a new “boss.” And traders didn’t like it. Warsh is in and Bitcoin broke down fas...
7 min read
Jan 30, 2026
Market Pulse: Fed Holds Rates Amid Dovish Dissents
Market Pulse
Market Pulse: Fed Holds Rates Amid ...The Fed kept rates unchanged as expected, but two dovish dissents hint at internal division. With no...
3 min read
Jan 29, 2026
Yield Watch: Markets Were Brutal, Our Ranges Kept Earning
Yield farming
Yield Watch: Markets Were Brutal, O...Markets have been brutal. But CLP users have been in a different position: earning fees from volatil...
5 min read
Feb 4, 2026
BTC, ETH and More: Markets Flush to Major Lows
PRO
Market Direction
BTC, ETH and More: Markets Flush to...Markets just snapped lower after BTC lost $80.5K and flushed into the $74K liquidity zone. Now we’re...
13 min read
Feb 3, 2026
Market Update: This Week's Setup
PRO
Market Updates
Market Update: This Week's SetupThis week looks calm on the surface. But underneath, the market is being pulled in two directions, a...
7 min read
Feb 2, 2026
BTC, ETH and More: Bitcoin and Ethereum Tap Key Supports
PRO
Market Direction
BTC, ETH and More: Bitcoin and Ethe...A lot has happened in a short amount of time. Downside liquidity has been swept across majors, and w...
13 min read
Jan 30, 2026
Market Update: Kevin Warsh Confirmed as Fed Chair Nominee
PRO
Market Updates
Market Update: Kevin Warsh Confirme...The market just got a new “boss.” And traders didn’t like it. Warsh is in and Bitcoin broke down fas...
7 min read
Jan 30, 2026
Market Pulse: Fed Holds Rates Amid Dovish Dissents
Market Pulse
Market Pulse: Fed Holds Rates Amid ...The Fed kept rates unchanged as expected, but two dovish dissents hint at internal division. With no...
3 min read
Jan 29, 2026
Yield Watch: Markets Were Brutal, Our Ranges Kept Earning
Yield farming
Yield Watch: Markets Were Brutal, O...Markets have been brutal. But CLP users have been in a different position: earning fees from volatil...
5 min read
Feb 4, 2026
BTC, ETH and More: Markets Flush to Major Lows
PRO
Market Direction
BTC, ETH and More: Markets Flush to...Markets just snapped lower after BTC lost $80.5K and flushed into the $74K liquidity zone. Now we’re...
13 min read
Feb 3, 2026
Market Update: This Week's Setup
PRO
Market Updates
Market Update: This Week's SetupThis week looks calm on the surface. But underneath, the market is being pulled in two directions, a...
7 min read
Feb 2, 2026
BTC, ETH and More: Bitcoin and Ethereum Tap Key Supports
PRO
Market Direction
BTC, ETH and More: Bitcoin and Ethe...A lot has happened in a short amount of time. Downside liquidity has been swept across majors, and w...
13 min read
Jan 30, 2026
Market Update: Kevin Warsh Confirmed as Fed Chair Nominee
PRO
Market Updates
Market Update: Kevin Warsh Confirme...The market just got a new “boss.” And traders didn’t like it. Warsh is in and Bitcoin broke down fas...
7 min read
Jan 30, 2026
Market Pulse: Fed Holds Rates Amid Dovish Dissents
Market Pulse
Market Pulse: Fed Holds Rates Amid ...The Fed kept rates unchanged as expected, but two dovish dissents hint at internal division. With no...
3 min read
Jan 29, 2026
Research
Top PicksDeep DivesPassive IncomeAirdrop Reports
Analysis
Market UpdatesMarket DirectionMarket PulseLivestreams
Tools
Market DirectionAssets & PicksAirdropsPortfolio Tracker
Cryptonary
Affiliate programEducationPrivacy PolicyTerms & ConditionsContact UsWrite for us
Stay connected
Disclaimer: The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, legal, or tax advice. Cryptonary is not a licensed financial advisor. All content is shared without any guarantee of accuracy or completeness. You are solely responsible for your investment decisions. Always do your own research and consult with a licensed professional before making financial choices. Past performance is not indicative of future results.

×
popupimage
Our Latest Utility Token Research ReportPreviously locked for Pro members, now available to read in full.
  • tickThe utility token we're tracking closely
  • tickWhy we believe it's still early in the cycle
  • tickWhat we're watching to confirm a structural shift
​
Germany

No spam. No hype. Just the research.