Aave protocol developer secures $31 million for Lens, a high-performance blockchain for consumer apps

Finally, at the federal level, the UAE Cabinet has issued a decision which brings into force a new regulation for virtual assets and virtual asset service providers, adding another layer of oversight to its virtual asset sector. The new regulation came into effect on January 15 and is forming the UAE’s primary supervisory regime for virtual assets designed to both protect investors and supervise the industry. Following a long bear-market cycle, digital assets are (once) again gaining momentum, driven by increased institutional participation, regulatory clarity, and a challenging macroeconomic environment.

For ParaFi, this next cycle is going to be focused on growing the existing businesses. With over $1 billion in assets under management, Yedid-Botton says ParaFi plans to do over 5x that in the next few years. Washington — A pair of brothers from New York and Boston were taken into federal custody Tuesday, accused by prosecutors of devising a novel criminal scheme to steal about $25 million in cryptocurrency from a commonly used blockchain, according to a newly unsealed indictment. A golden opportunity now awaits UAE regulatory authorities to now establish a harmonized layer across all the Emirates, ensuring consistency, collaboration and passporting among local authorities and the federal regulatory body — the UAE’s Securities and Commodities Authority. This will lead to its long-term competitive edge and place further daylight between its offering and others aspiring to truly build the financial hub of the future. Welcome to your premier source for the latest in AI, cryptocurrency, blockchain, and AI search tools—driving tomorrow’s innovations today.

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Crypto.news is a leading name in the cryptocurrency news space, providing the latest and most relevant updates on Bitcoin, Ethereum, and Ripple ecosystems. Setting the industry standard in journalism, crypto.news covers a wide array of topics ranging from Bitcoin, Ethereum, altcoins, regulations, NFTs, DeFi, Metaverse, and blockchain technology. Our reporters and technical analysts are always striving to not only be the earliest but also the most accurate to offer the latest developments in the crypto industry to our readers across the globe as we keep a close eye on all the price action in the industry, including Bitcoin price and Ethereum price. Crypto.news also offers an opportunity to earn free Bitcoin through a range of Bitcoin faucets. To stay updated with the latest in Bitcoin News, Ethereum News, Ripple News, and all other developments in the digital assets industry, follow crypto.news. Dubai stands out for its dynamic and forward-thinking approach to digital assets.

Over the past two years the region, and individual Emirates – with Abu Dhabi and Dubai driving most change – has supercharged its regulatory efforts to attract a global set of businesses focusing on digital assets, bringing significant talent, investment, and positive exposure to the region. In many areas, the FSRA has extended existing regulatory frameworks for traditional financial products to include digital assets. One example is custody, whereby the FSRA has taken a similar approach to that of other custodial activities permitted within ADGM to ensure the same protection offered to “traditional” custodians. The regulator has thus widened the scope of definitions for providing custody, client assets and client investments to include a definition for digital assets, which includes virtual assets, digital securities, stablecoins and derivatives/funds, as per a recently published brochure. Bradley Keoun is CoinDesk’s managing editor of tech & protocols, where he oversees a team of reporters covering blockchain technology, and previously ran the global crypto markets team. A two-time Loeb Awards finalist, he previously was chief global finance and economic correspondent for TheStreet and before that worked as an editor and reporter for Bloomberg News in New York and Mexico City, reporting on Wall Street, emerging markets and the energy industry.

From April and June of last year, Peraire-Buenos are accused of laundering their money through shell companies. Prosecutors said the duo even rejected repeated requests from a victim, the victim’s attorney and an Ethereum representative to return the cryptocurrency. Anton and James Peraire-Bueno were charged with wire fraud and conspiracy to commit money laundering.

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This shift aims to enhance comparability with U.S. and international peers and align financial reporting with the expectations of U.S.-based investors and capital markets. Another area ADGM is innovating is in the regulation of digital asset exchanges through its regulation for multi-lateral trading facilities, granting licenses to MidChains, M2, Matrix and others operating in the region. Lens plans to launch the mainnet of Lens v3 at some point during the first quarter of 2025. It’s going to be interesting to see if this protocol upgrade moves the needle when it comes to decentralized social networks — the existing ones remain niche networks for now.

The report also stated that Sun’s legal team has a history of the coin radar threatening media outlets with legal action for reporting on the accusations leveled against Tron. Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens. We have our quant fund, we have our venture fund, we have our token fund, and we have these other auxiliary businesses, the GP business and the technology business,” he further explained. The brothers allegedly started laying the groundwork in December 2022, engaging in what investigators called a “baiting” operation that targeted three specific victim traders on the digital Ethereum platform. They are specifically accused of exploiting the “validators” on the blockchain, vital components of the integrity and security of transactions. Mainnets like Ethereum’s aren’t suitable for major (AAA) game development.

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• Outside of the well-known venture capital arm, ParaFi Technologies has validator systems running with over $1 billion in assets staked, operating as an Ethereum validator in addition to Aptos and Solana.
• Dubai stands out for its dynamic and forward-thinking approach to digital assets.
• While a bull market has its own set of difficulties, bear markets are, well, a beast to survive.
• The crypto exchange joins a number of crypto payment providers enabling customers to pay with crypto.

He started out as a police-beat reporter for the Gainesville Sun in Florida and later worked as a general-assignment reporter for the Chicago Tribune. Originally from Fort Wayne, Indiana, he double-majored in electrical engineering and classical studies as an undergraduate at Duke University and later obtained a master’s in journalism from the University of Florida. He is currently based in Austin, Texas, and in his spare time plays guitar, sings in a choir and hikes in the Texas Hill Country. While Dubai and Abu Dhabi lead the charge, other Emirates like Sharjah and Ras Al Khaimah have also started to embrace digital assets. Sharjah, for example, has been exploring various blockchain applications, while Ras Al Khaimah is positioning itself as an attractive destination aiming to attract blockchain businesses, creating the UAE’s first Web3-focused free zone, dubbed RAK DAO.

Unlike Base or Arbitrum, validiums are an off-chain transaction technique — they make transactions much cheaper. Similarly, while consumer social apps incentivize creators with rewards programs and subscription systems, the companies behind those social networks dictate the rules. Dogecoin is getting hot again, jumping by nearly 11% over the past 24 hours to continue gains from the last couple days—and another meme coin is even hotter, thanks in part to recent hype over AI-related tokens.DOGE is up to a current price of $0.375, the highest mark seen since December 18 amid a market-wide plunge. Dogecoin has now climbed 18% since the start of 2025, rebounding after falling to below $0.27 on December 20.The original meme coin saw a surge this fall on the back of prominent… The Hong Kong–based entrepreneur returned to headlines shortly afterward when he invested some $30 million in Donald Trump’s crypto business, World Liberty Financial, which has proclaimed its intentions to “make finance great again.” Sun is currently its largest sole investor and an adviser to its board.

Outside of DIFC, Dubai has also created a new regulatory authority focused exclusively on digital assets with the launch of the Virtual Asset Regulatory Authority in 2022, which is responsible for regulating and overseeing the provision, use, and exchange of virtual assets. By pioneering the world’s first independent regulator for virtual assets, VARA has attracted a wide range of established and new businesses to the region, creating a vibrant ecosystem of digital asset firms, which is continuing to grow. To date there are already several firms regulated by VARA, ranging from exchange service providers like Binance (MVP Operational license), to firms providing management and investment services, including Laser Digital, as well as custodians, including Komainu (my employer). VARA is expected to regulate more than 100 new entities in the coming quarters, further strengthening the expanding digital asset ecosystem in Dubai.