The U.S. Department of Justice (DOJ) has secured guilty pleas from five men involved in laundering over $36.9 million stolen from victims of a crypto investment scam. The scheme used social media, dating sites, and fake investment promises to defraud U.S. victims, funneling funds through shell companies and offshore accounts. The money was converted into USDT via a Bahamas-based Deltec Bank account and sent to scam centers in Cambodia. The defendants face up to 20 years in prison, joining three others already convicted. The FBI reports over $9 billion in crypto fraud losses in 2023, with seniors most affected.
about US DOJ Busts $36.9M Crypto Fraud Ring, Five Plead GuiltyUnited Arab Emirates Dirham
0 posts last weekVietnam Joins BRICS Amid Push for De-Dollarization
The BRICS economic alliance is growing as Vietnam becomes its 10th ‘partner country,’ joining others like Belarus, Nigeria, and Thailand. Originally formed in 2009 as BRIC (Brazil, Russia, India, China), the group expanded to include South Africa and now aims to reduce dependence on the US dollar through initiatives like local currency transactions and a potential gold-backed common currency. While Saudi Arabia has reportedly avoided formal membership to avoid tensions with the US, BRICS continues to prioritize economic cooperation, trade facilitation, and alternative payment platforms. Despite early 2025 claims from some member countries that de-dollarization isn’t a primary goal, the alliance’s broader strategy suggests a shift away from dollar dominance.
about Vietnam Joins BRICS Amid Push for De-DollarizationDubai’s VARA Grants VASP License to Mantra for DeFi Services
Mantra, a layer-1 blockchain focused on real-world asset tokenization, has become the first DeFi platform to secure a virtual asset service provider (VASP) license from Dubai’s VARA. This license allows Mantra to offer exchange, broker-dealer, and investment services, marking a significant step in its global expansion.The UAE is positioning itself as a global blockchain hub, attracting startups and established companies alike. Mantra’s recent partnerships, including a $1 billion agreement with Damac Group, aim to enhance token-based financing across various sectors, further integrating tokenized assets into the region’s financial ecosystem.
about Dubai's VARA Grants VASP License to Mantra for DeFi ServicesMEVX Algorithms Enhance Crypto Trading with Real-Time Market Insights
MEVX is a powerful trading tool designed to help crypto traders predict market trends through real-time analytics and advanced algorithms. It offers features like real-time trending analysis, instant price updates, smart token analysis via Bubble Maps, copy trading, and a Sniper Mode for early token launches. While it can’t guarantee future predictions, MEVX provides significant insights to enhance trading decisions.
about MEVX Algorithms Enhance Crypto Trading with Real-Time Market InsightsEffective Risk Management Strategies for Safe Trading with MEVX
In the volatile world of crypto trading, effective risk management is essential to minimize losses and maximize profits. MEVX offers advanced tools such as limit orders, sniper mode, and portfolio tracking to help traders navigate risks, while features like Anti-MEV protection safeguard against price manipulation. By employing strategies like diversification and cautious copy trading, users can enhance their trading experience and protect their capital.
about Effective Risk Management Strategies for Safe Trading with MEVXBybit Receives UAE Approval Amidst Major Hack and Global Expansion Efforts
Bybit has received in-principle approval from the UAE’s Securities and Commodities Authority to establish a virtual asset platform, just days before suffering a $1.4 billion hack. This approval is a key step towards offering comprehensive digital asset services in the region. The exchange is also expanding globally, having resumed operations in India after paying a penalty, while facing regulatory challenges in the European Economic Area and Malaysia.
about Bybit Receives UAE Approval Amidst Major Hack and Global Expansion EffortsMantra Finance Secures Dubai License to Expand DeFi and Tokenization Services
Mantra Finance has secured a Virtual Asset Service Provider license from Dubai’s Virtual Assets Regulatory Authority, enabling it to operate as a digital asset exchange and offer various financial services in the UAE and MENA region. CEO John Patrick Mullin highlighted the importance of this milestone for global expansion and the development of regulatory-compliant financial products, particularly for institutional investors. The platform aims to tokenize assets across multiple industries while prioritizing compliance and investor protection.
about Mantra Finance Secures Dubai License to Expand DeFi and Tokenization ServicesTop Cryptocurrencies to Invest in for Strong Returns by 2025
Aave, Chainlink, Algorand, and Rollblock are highlighted as promising investments for significant returns in 2025. These cryptocurrencies are gaining attention for their potential growth and innovation in the evolving digital finance landscape. Investors are encouraged to consider these options for future gains.
about Top Cryptocurrencies to Invest in for Strong Returns by 2025Musk It Emerges as Potential Next Big Meme Coin with Family Ties
Musk It is emerging as a potential breakout memecoin, fueled by its connections to the Musk family, particularly Errol Musk’s endorsement. With a market cap of $10 million, it offers a significant risk-adjusted upside compared to Dogecoin’s $60 billion, attracting a growing community of over 40,000 holders. Speculation surrounds possible endorsements from Kimbal or Elon Musk, which could propel Musk It to new heights.
about Musk It Emerges as Potential Next Big Meme Coin with Family TiesCLS Global pleads guilty to wash trading on Uniswap platform
CLS Global has pleaded guilty to wash trading on Uniswap, resulting in a $428,059 fine and restrictions on trading with American investors. This follows an FBI investigation, “Operation Token Mirrors,” aimed at exposing market manipulation tactics. Meanwhile, Ripple is partnering with the DIFC Innovation Hub to promote blockchain adoption in the UAE, connecting developers with a vast innovation ecosystem.
about CLS Global pleads guilty to wash trading on Uniswap platformMalaysia Pursues Digital Innovation and Crypto Regulation After UAE Visit
Malaysian Prime Minister Anwar Ibrahim’s recent visit to Abu Dhabi highlights the country’s focus on digital innovation and potential cryptocurrency regulation, following significant investments from the UAE. As Malaysia seeks to enhance its economic competitiveness through global partnerships, the crypto landscape remains contentious, with regulatory challenges evident in the wake of Binance’s founder’s departure and actions against Bybit’s advertising in the country.
about Malaysia Pursues Digital Innovation and Crypto Regulation After UAE Visit