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Dubai’s Crypto Regulator Alerts Investors on New Memecoins Flooding Market 

Dubai’s crypto regulatory body has issued an alert about the risks related to memecoin investments owing to their increasing market penetration. The Virtual Assets Regulatory Authority (VARA) of Dubai has strictly asked the city’s investor community to be cautious while engaging with memecoins, calling them “highly speculative” assets. As per VARA, memecoins pose a significant…

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Crypto Scams Likely Set New Record in 2024, Helped by AI: Chainalysis

The rise of “pig butchering” scams and the increasing use of generative artificial intelligence likely lifted revenues from crypto scams to a record high in 2024, according to blockchain analytics firm Chainalysis. Revenue from pig butchering scams, where perpetrators cultivate relationships with individuals and convince them to participate in fraudulent schemes, increased nearly 40 percent…

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ESMA Proposes Staff Assessment Guidelines for Crypto Firms Under MiCA Regulations

The European Securities and Markets Authority (ESMA) is looking to finalise some competence requirements for employees of crypto-related businesses. This week, the ESMA released a proposal that suggests guidelines in line with the EU’s MiCA regulations, seeking feedback from crypto asset service providers, investors, and financial institutions engaging with crypto assets. As part of its…

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“That’s the game we have to beat” – Lighthouse Games on making a “disruptive” driving game to take on Forza Horizon

Lighthouse Games, the AAA Leamington Spa-based studio formed in 2022 by Playground Games co-founder and former studio head Gavin Raeburn, has revealed it’s developing a “disruptive” driving game and secured additional investment from Tencent to make it happen. CEO Raeburn and publishing director Alex Bertie spoke exclusively to GamesIndustry.biz about the next steps for the…

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