Announcements

The US Justice Department announced on February 17 that the FBI is launching a unit for blockchain analysis and virtual asset seizure and assigned Eun Young Choi, a seasoned computer crimes prosecutor, to lead a new team, dedicated to investigating and prosecuting illicit cryptocurrency schemes. According to Reuters, in a speech at the Munich Cyber…

The ongoing “crypto winter” (sort of) may surprisingly coincide with a major tide of cryptocurrency mass adoption. There is no contradiction, only laws of economics and the understanding that inflation can no longer be solved by simply halting the money printers. Analysts of the large American financial holding Wells Fargo Bank believe that the global…

JPMorgan, the largest US lender, had become the first bank to arrive in the metaverse, having opened the Onyx lounge in a blockchain-based virtual world Decentraland. According to a report, the bank sees “limitless” opportunities in the virtual world, with a new workforce and expanded virtual real-estate ownership financed by DAOs. JPMorgan Chase has opened…

The company driving Abu Dhabi’s fast-growing gaming industry, AD Gaming, has signed a partnership agreement with Attarius Network, a local crypto and blockchain company. The first in the region deal aims to bring blockchain solutions to the emirate’s game developers. According to a statement, Attarius Network, focused on developing blockchain gaming, will build an all-in-one…

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…