This week, regulatory affairs continued to be a top concern. Government institutions worked towards creating guidelines to adapt to the ever-changing and evolving world of cryptocurrencies. Meanwhile, the private sector showed interest in non-fungible tokens (NFTs) by collaborating on various projects. Despite these...
Dubai calls for more collaboration between watchdogs to combat scams The rapid rise of cryptocurrency scams and investment frauds has resulted in staggering global losses, surpassing $100 billion in 2023 alone. In response to this concerning trend, Dubai is leading the charge in...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Dubai’s Financial Services Authority (FSA) has called for more communication and collaboration between global financial regulators to make it harder for rogue actors to exploit crypto regulatory loopholes across...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied 1,090 individuals who were being kept prisoner and coerced to participate in crypto frauds have been successfully freed by the police in the Philippines. The victims, originally from various...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Popular YouTuber DidYouKnowGaming has regained access to his channel after it was hacked by an unidentified bad actor and used to promote XRP scams. XRP is one of the...
As the crypto industry continues to evolve, this week saw a flurry of activity that reflected the promise and pitfalls of digital assets. On one hand, there were several developments from private firms that signaled growing adoption and integration of crypto into the...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to the findings of an investigation conducted by blockchain sleuths ZachXBT, one single address is responsible for launching “114 meme coin scams” in the previous 45 days. According...
The dark web’s Elude, an anonymous cryptocurrency exchanger and bitcoin mixer, recently conducted an exit scam, draining users’ wallets before disabling withdrawals. A recent video by Mental Outlaw revealed that despite the scam, a customer service representative continued to assist users and offer...
CertiK, a popular blockchain security network, tweeted that there were about 27 security incidents in the crypto space in the past seven days. Security incidents in crypto Security is still a significant concern in crypto, with many major attacks recorded in recent months....
In a recent legislative meeting held by the Nevada Senate Committee on Commerce and Labor, members discussed a cryptocurrency bill aiming to establish a recovery fund to protect vulnerable populations from fraud, abuse, and manipulation within the cryptocurrency sector. The fund in question...