The use of generative AI likely lifted revenues from crypto scams to a record high in 2024, Chainalysis has said in its recent report. The company pointed to marketplaces that support pig butchering operations and the use of GenAI as factors making it easier and cheaper for scammers to expand operations.
Crypto Scams Likely Set New Record in 2024, Helped by AI: Chainalysis
Dubai’s Crypto Regulator Alerts Investors on New Memecoins Flooding Market
The Virtual Assets Regulatory Authority (VARA) of Dubai has strictly asked the city’s investor community to be cautious while engaging with memecoins, calling them ‘highly speculative’ assets.
Libra Memecoin Backed by Argentina’s President Javier Milei Sparks Rug Pull Concerns: All Details
Argentina’s President Javier Milei promoted the Libra memecoin on his official X account last Friday. Within hours of launch, its value skyrocketed and then crashed, sparking rug-pull accusations across social media.
ED Seizes ‘Biggest’ Crypto Fund Worth Rs. 1,646 crore in PMLA Case
The ED has busted a mega money laundering scheme, seizing Rs. 1,646 crore of crypto assets. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 – January 2018 (after demonetisation).
Crypto Price Today: Bitcoin Stalls at $96,000 Over the Weekend, Altcoins Remain Sluggish
The overall market valuation tumbled by 1.44 percent in the last 24 hours. With Bitcoin and Ether both seeing losses on Monday, February 17, majority altcoins also registered price dips. Solana and Chainlink are among altcoins trading in the reds. Cardano and Tron, meanwhile, managed to retain minor gains.
Animoca Brands, The Sandbox Join Web3 Alliance Group in Saudi Arabia
Saudi Arabia has launched a Web3 alliance group as part of its Saudi Vision 2030 program that aims to diversify the country’s economy. The newly construed Web3 Alliance of Saudi Arabia (WASA) will bring together players from the international Web3 industry.
Income Tax Bill 2025 Clarifies Virtual Digital Asset Definition, Includes NFTs: Key Details
The Income Tax Bill 2025 classifies any cryptographically generated code, number, or token representing inherent value as part of the country’s VDA ecosystem.
Crypto Price Today: Bitcoin Hovers Just Below $97,000, Altcoins Trade Sideways
The global crypto market cap slipped down by 0.30 percent in the last 24 hours. Bitcoin and Ether, both registered losses on Friday, February 14. While Solana and Dogecoin also clocked losses, crypto assets like Cardano and Stellar managed to bring profits to the price charts.
South Korea’s FSC Unveils Plan to Define Corporate Participation in Virtual Digital Asset Market
South Korea’s FSC shared a document that states that around 3,500 listed companies and corporations have registered as professional investors under the Capital Market Act. As part of the roadmap, select institutional investors will be permitted to open real name trading accounts for VDA participation.
Coinbase Plans India Re-Entry with UPI-Linked Services, Starts Discussions with Potential Partners: Source
Coinbase plans to compete with CoinSwitch and CoinDCX among others in the sector of India centralised exchanges. To facilitate their UPI-enabled crypto purchase plans, the exchange is prioritising partnerships with local partners for elements like KYC verifications – a step they had not taken the last time they attempted to enable this feature in 2022, the source sa…