There has been a steady diversification in crypto crimes away from bitcoin in 2024, with stablecoins now occupying the majority of all illicit transaction volume
virtual assets
Latest in virtual assets
Bitcoin
Hackers steal $2.2bn in crypto in 2024 amid Bitcoin bull run: Report
The number of individual hacking incidents increased from 282 in 2023 to 303 in 2024, resulting in these losses
CBUAE
New tax in the UAE; Lottery warning; Crypto trading in Dubai; Kuwait halts e-visas; Saudi to host 2034 World Cup – 10 things you missed this week
UAE tax, UAE Lottery, crypto in Dubai, Kuwait visas, Saudi World Cup and more top news stories this week
Cryptocurrency
Trading crypto in Dubai? What you need to know about the latest court ruling
Experts advise individuals engaging in crypto trading to regularly review updates to VARA and Securities and Commodities Authority regulations to ensure ongoing compliance
BitOasis
BitOasis secures full VASP license from Dubai’s VARA
The firm said it will transition to operating under its new license with immediate effect
blockchain technology
DeFi protocol Clearpool launches on Arbitrum, originates $18mn of loans
Clearpool Prime is widely seen as the future of private credit, seamlessly bridging traditional private credit markets with decentralized lending ecosystems
Blockchain
Russian-linked exchange drives $30bn peak in $100bn crypto laundering surge: Report
Previous research by Chainalysis found that a significant portion of cryptocurrency transactions involving Garantex were linked to illicit activities or high-risk services between 2019 and 2021
Blockchain
EXCLUSIVE: Shiba Inu leaders Shytoshi Kusama, Kaal Dhairya sit down for first-ever interview
The meme coin leaders have created the world’s largest decentralised community but, somehow, they have remained completely anonymous. Until now
digital assets
Digital assets solutions provider Hex Trust secures VASP license from Dubai’s VARA for markets arm
The approval follows the issuance of Hex Trust’s full VASP License in November 2023