UAE investors are buying the AI and tech dip, keeping exposure to software, chips and crypto as the Iran conflict stress-tests the Gulf’s bid to be a global tech hub. United Arab Emirates investors are leaning into the artificial intelligence sell-off rather than running from it, despite the regional conflict testing the Gulf’s ambitions to become a global hub for AI and digital assets. New eToro data shared with Cointelegraph on Wednesday show users in the UAE boosted holdings of software and AI infrastructure names whose share prices fell sharply in the first quarter, suggesting they used the downturn to “buy the dip” rather than broadly de-risk. The pattern suggests UAE investors are staying exposed to long-term AI and digital-infrastructure themes even as the conflict raises fresh risks for data centers, logistics and cross-border technology build-outs in the Gulf. An April 13 report from Deutsche Bank said the shock is more likely to sharpen rather than derail demand for AI, cybersecurity and sovereign ...
Investors in the cryptocurrency Ponzi scheme OneCoin may finally get some relief through a Department of Justice program, some 12 years after the project launched. In the United States, victims of the $4 billion crypto Ponzi scam OneCoin are finally receiving compensation. On April 13, the US Department of Justice said that $40 million in assets are available to anyone who purchased OneCoin between 2014 and 2019 and experienced a net loss. This program marks a milestone for OneCoin victims, most of whom had no recourse to get back what they lost, until now. Victims in the UK attempted a class action suit in 2024, but it fell apart when litigation funding was terminated. Read more
Australia’s A$24B digital asset opportunity hinges on regulation. Clear rules could drive tokenized markets, faster payments and institutional investment. Australia could generate A$24 billion, or about $17 billion, annually from digital assets and tokenized finance. But that opportunity depends on whether policymakers establish clear and supportive regulatory frameworks. Tokenization could transform financial markets by improving liquidity, automating settlement processes and expanding investor access to assets such as foreign exchange, equities, government debt and investment funds. Tokenized money, including CBDCs and stablecoins, could significantly reduce the cost and time of cross-border payments by minimizing reliance on traditional banking networks. Read more
The corrected filing details timeline, caveats and conditions tied to a potential Naver Financial IPO after the Dunamu share swap deal. South Korean tech company Naver and Upbit operator Dunamu said in a corrected filing that their planned share swap includes forming an initial public offering (IPO) committee for Naver Financial within one year of closing, outlining a path toward a future listing. The disclosure, outlined in the corrected filing on Wednesday, said the companies would pursue a listing within five years, with a possible two-year extension. Naver said it plans to secure voting rights in Naver Financial so the fintech unit remains a consolidated subsidiary after the deal. The filing suggests the deal goes beyond a simple ownership change, outlining a structure that could eventually bring Upbit’s parent under a listed fintech group. The move indicates Naver and Dunamu are positioning any future South Korea listing at the fintech-parent level rather than through a standalone listing of Upbit’s par...
Ukrainian authorities detained a suspect linked to a $100 million cybercrime network targeting the US and Europe, seizing $11 million in assets, of which $3 million was in cryptocurrency. Ukrainian authorities have arrested a member of an international cybercrime network wanted by the FBI over allegations of fraud and money laundering tied to losses exceeding $100 million across the United States and Europe. The suspect was arrested in the Transcarpathia region during a joint operation involving the National Police of Ukraine and other internal security units, Ukraine police said on Thursday. Officials said the man had been wanted internationally for some time and was eventually found in Uzhhorod, where he was living under a fake identity using forged documents. “He issued fictitious documents about his own death and continued to live in Ukraine as a “new” person, using false documents,” prosecutors said, adding that he laundered illicit proceeds through property acquisitions, often using relatives as interme...
AllUnity says it is expanding EURAU stablecoin liquidity pools across major DEXs such as Uniswap and Raydium, with trading pairs against USDT and USDT0. AllUnity, a regulated European stablecoin issuer, is expanding its euro-pegged stablecoin, EURAU, across major decentralized exchanges (DEXs). The company announced Thursday that its EURAU stablecoin is entering liquidity pools across major DEXs, including Uniswap, currently the largest decentralized exchange by trading volumes. The rollout includes two EURAU trading pairs, one against Tether USDt (USDT) on Ethereum, and another against USDT0 — an omnichain version of USDT — on the Tempo blockchain. It also includes the EURAU/USDT pair on Solana via the Raydium DEX. Read more
Back said at Paris Blockchain Week that Bitcoin’s post-quantum shift may reveal the true size of the stash held by Satoshi Nakamoto, estimated at between 500,000 and 1 million BTC. Blockstream CEO Adam Back said Thursday that a future post-quantum migration of Bitcoin could help clarify how many coins linked to Satoshi Nakamoto remain accessible, because any owner wanting to protect vulnerable holdings would need to move them to a new address format. Speaking at Paris Blockchain Week, Back said such a migration would likely give users ample time to move funds and argued that coins left unmoved after that process could reasonably be treated as lost. “This migration to post-quantum address format may tell us how many of those coins [Satoshi] still has,” said Back, adding that the pseudonymous creator has an estimated 500,000 to 1 million Bitcoin (BTC). Read more