Announcements

According to the Chainalysis report, crypto-based crime hit an all-time high in 2021, with illicit addresses receiving $14 billion over the year, up from $7.8 billion in 2020. Janey Young, the head of Global Investigations at Chainalysis, explained how blockchain analytics can help combat cryptocurrency crime in the UAE. The last 12 months have been…

UAE-based digital wallet provider Hubpay has raised $20 million in a Series A round. Hubpay aims to facilitate the process of money transfers on a domestic and international level. The funding will be used to hire new employees and for the company’s planned international expansion in 2022, focusing on Asia and Africa, Magnitt reported. The…

Metahero (HERO) token was up over 18% last Friday, following the front cover placement of Everdome on Arabian Business, the leading investor magazine in the Middle East. After the successful presale, raising over $6.9 million, HERO is a highly underrated project, making it a great opportunity for early investors. Launched in July 2021, Metahero is…

YouTube believes in the ‘incredible potential’ of NFTs and Web3 for future products. A few weeks after mentioning that the world’s largest video platform will enter the world of blockchain, NFT, and metaverse, the company has provided more details. On Thursday, YouTube’s CPO Neal Mohan published a blog post about the company’s upcoming plans for…

The NFT MENA Exhibit 2022, the first-ever art fair in the Middle East highlighting how artists can use blockchain-based NFT technology in their work, is set to take place in the kingdom next month, ahead of the Bahrain Gulf Air Grand Prix. The fair will take place from March 16 to 18 at the Ritz-Carlton…

The US Justice Department said it seized more than $3.6 billion in allegedly stolen cryptocurrency linked to the 2016 hack of Bitfinex. As part of the operation, authorities detained a New York couple on allegations they planned to launder the digital goods. It marks the agency’s largest financial seizure ever, Deputy Attorney General Lisa Monaco…