The Dubai Virtual Assets Regulatory Authority (VARA) has issued a public warning about unauthorized entities falsely claiming to be part of the Dubai Land Department’s (DLD) Real Estate Tokenization Project.According to an April 23 official statement, VARA emphasized that the initiative launched on March 19 is restricted to a select group of participants approved by both the DLD and VARA.The regulator stressed that any company or platform promoting involvement in the project without formal approval is misrepresenting its status.These misleading claims, particularly those targeting Dubai-based investors, may violate VARA’s marketing and promotional regulations.Considering this, the agency clarified that such entities…
Author: cryphedge
The US Federal Bureau of Investigation (FBI) has reported a significant spike in cybercrime activity, with total losses across the country reaching $16.6 billion in 2024, according to its latest annual report.This figure stems from more than 859,000 complaints submitted to the Internet Crime Complaint Center (IC3).One of the most concerning findings was the dramatic rise in cryptocurrency-related scams, which accounted for $9.3 billion in reported losses. This nearly doubles the $5.6 billion recorded the previous year and was driven by close to 150,000 complaints.B. Chad Yarbrough, operations director of the FBI’s Criminal and Cyber Division, warned that cryptocurrencies have…
The cryptocurrency market is currently encountering a mellow price pace, with the majority of the tokens taking their sweet time to establish an upward trajectory. At the same time, coins like Shiba Inu (SHIB) and Dogecoin (DOGE) are also seen to have stuck in a slow-moving loop, a pattern that does not allow them to break out easily.While Trump’s tariff regime continues to hamper the markets globally, Bitcoin is currently sitting at $94K, awaiting a stellar market change of pace for it to spark a new rally. In the meantime, DOGE and SHIB are both eyeing independent price targets, showing…
The US Securities and Exchange Commission (SEC) is exploring a cross-border approach to digital asset oversight through early-stage discussions with El Salvador’s National Commission of Digital Assets (CNAD).According to the meeting memo, the SEC is considering launching a regulatory sandbox to test tokenization models under real-world conditions.The SEC highlighted CNAD’s success in managing diverse tokenization scenarios, ranging from debt instruments to fractional property ownership and leasing contracts. The agency believes analyzing real estate tokenization within this regulatory sandbox could generate key insights on scaling the market safely and effectively.Tokenization pilot programsThe memo outlines two potential pilot programs allowing the SEC…
MEXC gained market share in Q1 2025 despite a global crypto downturn. Derivatives market share jumped from 8.2% to 12.5%—the biggest among top exchanges. MEXC led spot market growth as overall volumes shrank. While the global crypto market experienced a sharp downturn in Q1 2025, MEXC, a leading global cryptocurrency exchange, bucked the trend with significant gains in both spot and derivatives market share, according to the latest reports from TokenInsight and CoinGecko. Market share growth despite industry decline According to TokenInsight’s Q1 2025 Exchange Report, MEXC was one of the few major centralized exchanges (CEXs) to grow its presence…
DUBAI, UAE, April 24, 2025 /PRNewswire/ — The Blockchain for Good Alliance (BGA), a global non-profit initiative, together with United Nations Development Programme (UNDP) and EMURGO Labs, has launched the SDG Blockchain Accelerator — a global effort aimed at harnessing blockchain-powered social impact initiatives across the UN Sustainable Development Goals (SDGs). This program aims to equip UNDP personnel and partners with the knowledge, technology, support, and mentorship necessary to develop, pilot, and scale blockchain-based solutions addressing real-world economic development challenges. Supported by a global network of industry experts, this multi-year accelerator will onboard two cohorts annually, each running for a…
Crypto scams are getting worse in the U.S. A new report by the FBI’s Internet Crime Complaint Center (IC3) reveals that Americans lost $9.3 billion to crypto fraud in 2024 alone—a shocking 66% increase compared to the $5.6 billion lost in 2023.With over 140,000 complaints filed last year, authorities are warning that the true extent of losses may be even higher due to underreporting and outdated reporting systems.Seniors Are the Primary TargetsThe report highlights that 33,000 of the complaints came from seniors aged 60 and above, who lost more than $2.8 billion. The FBI notes that scammers deliberately target elderly…
U.S. federal prosecutors are pushing for a prison sentence of up to 6.5 years for Avraham “Avi” Eisenberg, who was convicted for his role in the $110 million exploit of decentralized exchange Mango Markets in 2022.In an April 22 court filing, prosecutors requested that Judge Arun Subramanian impose a sentence between 78 and 97 months ahead of Eisenberg’s scheduled sentencing hearing on May 1.Eisenberg was found guilty in April 2024 of wire fraud, commodities fraud, and market manipulation linked to the Mango Markets attack.He also faces separate charges related to possession of child pornography, which prosecutors argue further justifies a…
Key takeaways $TRUMP rallied by 70% on Wednesday to briefly hit the $16 mark. PepeX’s presale eyes $1.7 million as it prepares to enter a new stage. $TRUMP outperforms the market The $TRUMP token was the best-performing cryptocurrency among the 50 with the largest market capitalization. The token added 70% to its value on Wednesday, briefly hitting the $16 mark. It has slightly retraced and now trades at $12.07 per coin. The token’s rally after an invitation to a dinner event with the U.S. President for token holders appeared on the project’s website. The notice added that the invite is…
Solana has increased slightly in the past few days as Bitcoin has started its climb upward. Still, many SOL holders are opting to join RCO Finance, a new altcoin project that uses artificial intelligence to create more accessible investing opportunities for today’s traders. Institutional interest in RCO Finance has also surged, leading to a new $7.5 million investment into its ecosystem. Read on to see why experts say RCO Finance will become one of the top altcoin assets to buy. Solana Hodlers Jubilate As Bitcoin Returns to $87,000 Solana investors are changing their stance on their token’s expected performance as…
