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The Dark Side of Memecoins: Dubai Regulator Warns of Market Manipulation and Scam Projects

The Dark Side of Memecoins: Dubai Regulator Warns of Market Manipulation and Scam ProjectsDubai’s Virtual Asset Regulatory Authority (VARA) has issued a warning to investors and consumers about the risks of memecoins, which are highly speculative and volatile assets often subject to market manipulation. Memecoin Issuers Face VARA Scrutiny Dubai’s VARA has warned investors and consumers to be wary of advertisements promoting memecoins. In an alert issued Feb. […]

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

UAE Ministry Partners With Shiba Inu to Drive Web3 Innovation

UAE Ministry Partners With Shiba Inu to Drive Web3 InnovationThe United Arab Emirates Ministry of Energy and Infrastructure has partnered with Shiba Inu to implement Web3 solutions for energy, infrastructure, and other areas. Public Service Efficiency Gets a Web3 Makeover The United Arab Emirates (UAE) Ministry Energy and Infrastructure (MOEI) announced on Feb. 5 that it had partnered with Shiba Inu to advance “Web3 […]

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Treasury Department Disrupts North Korean Crypto Money Laundering Operation Using UAE-Based Shell Company

Treasury Department Disrupts North Korean Crypto Money Laundering Operation Using UAE-Based Shell Company

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) says it is dismantling North Korea’s digital asset money laundering network by taking action against individuals and entities involved in the operation. In a statement, the OFAC says it is sanctioning Chinese nationals Lu Huaying and Zhang Jian who worked for the network that used […]

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Beam Foundation to debut $150M gaming fund in Abu Dhabi

Beam Ventures will launch in 2025, providing funding and acceleration for blockchain gaming startups in the United Arab Emirates.

The Beam Foundation has disclosed plans for an upcoming venture fund in Abu Dhabi targeting blockchain gaming projects.

According to a Dec. 11 announcement, the fund will launch in the first half of 2025 and manage $150 million in capital backed by local investors.

The fund’s investment thesis is primarily focused on blockchain-based games and gaming infrastructure, but capital will also be deployed for startups working on solutions tied to artificial intelligence, augmented reality and user-generated content. 

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

French Court Extends Telegram CEO Pavel Durov’s Police Custody

French Court Extends Telegram CEO Pavel Durov’s Police CustodyFrench prosecutors have announced that an investigative judge extended the police custody of Pavel Durov, CEO of Telegram, on Monday evening for up to 48 hours. After that, French authorities must either release or charge him. Durov was detained on Saturday at Le Bourget airport amid a judicial investigation launched last month concerning 12 alleged […]

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Tether Announces Plans To Launch New Stablecoin Pegged to UAE’s Dirham

Tether Announces Plans To Launch New Stablecoin Pegged to UAE’s Dirham

Stablecoin issuer Tether (USDT) is announcing new plans to launch a new digital asset pegged to the Dirham (AED), the currency of the United Arab Emirates (UAE). In a new press release, the firm behind USDT says that it will be working closely with the nation’s central bank as well as blue-chip tech companies to […]

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Russia To Permit Use of Crypto for Global Payments Amid Western Sanctions: Report

Russia To Permit Use of Crypto for Global Payments Amid Western Sanctions: Report

Russian lawmakers have reportedly passed a bill that will enable the nation to use cryptocurrency in international trade. Reuters reports that the law is expected to take effect in September. Russian Central Bank Governor Elvira Nabiullina says the first crypto transactions will likely happen within the year. The law will only allow businesses to use […]

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Montenegro Court Revokes Earlier Decision To Extradite Do Kwon to US, Citing Procedural Violations

Montenegro Court Revokes Earlier Decision To Extradite Do Kwon to US, Citing Procedural Violations

An appellate court in Montenegro overturns an earlier ruling that approved the extradition of disgraced Terraform Labs founder Do Kwon to the United States. Kwon is facing criminal charges arising from the collapse of the stablecoin TerraUSD and cryptocurrency Luna that wiped out $40 billion worth of investor funds in 2022. In March last year, […]

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sales Growth

Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sales GrowthAfter its oversubscribed initial public offering (IPO), Phoenix Group, a Dubai-based company specializing in bitcoin mining and blockchain infrastructure, has announced a significant 50% increase in net income. The firm further revealed a 20% increase in its annual sales compared to the previous year. Dubai Bitcoin Miner Phoenix Group Records Substantial Increase in Year-on-Year Sales […]

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

$17,400,000,000 in US Treasuries Dumped by BRICS Nations China, Brazil and Saudi Arabia in One Month

,400,000,000 in US Treasuries Dumped by BRICS Nations China, Brazil and Saudi Arabia in One Month

Founding BRICS members China and Brazil along with newcomer Saudi Arabia are quietly unloading their US Treasury holdings. New numbers from the U.S. Treasury Department show China’s ownership of Treasury securities dropped from $835.4 billion at the start of July to $821.8 billion at the end of the month – a decline of $13.6 billion. […]

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto