The government of the UAE has launched what it calls the first AI-based legislative system, allowing synthetic agents to develop laws and monitor their effects through big data analysis. UAE Enables AI Interaction in Lawmaking With New Smart Legislative System Artificial Intelligence (AI) has begun to penetrate all aspects of human life, and governance is […]

Historic: AI Will Begin Developing Laws in the UAE

Sofi is storming back into crypto with full force, leveraging a pivotal 
regulatory shift to embed digital assets across its financial ecosystem. 
Regulatory Update Sparks Sofi’s Crypto Reentry Anthony Noto, chief executive 
officer of fintech company Sofi, confirmed in an interview with CNBC on Monday 
that the digital finance platform intends to reintroduce cryptocurrency 
services […]

Sofi Plans Major Crypto Comeback After Regulatory Breakthrough

Australia&#8217;s financial intelligence agency has told inactive registered crypto 
exchanges to withdraw their registrations or risk having them canceled over 
fears that the dormant firms could be used for scams.
There are currently 427 crypto exchanges registered with the Australian 
Transaction Reports and Analysis Centre (AUSTRAC), but the agency said on 
April 29 that it suspects a significant number are inactive and possibly 
vulnerable to being bought and co-opted by criminals.
The agency is contacting any so-called digital currency exchanges (DCEs) that 
appear to no longer be trading, and AUSTRAC CEO Brendan Thomas said they&#8217;ll be 
told to &#8220;use it or lose it.&#8221;
&#8220;Businesses registered with AUSTRAC are required to keep their details up to 
date; this includes details about services that are no longer provided,&#8221; he 
added.
_AUSTRAC CEO Brendan Thomas says scammers can use inactive crypto firms to 
appear legitimate. Source:__AUSTRAC_
Businesses wanting to offer Australians conversions between cash and crypto, 
including crypto ATM providers, must first register with AUSTRAC, which 
monitors for crimes including money laundering, terror financing and tax 
evasion.
The agency can cancel a registration if it has reasonable grounds to believe 
the business is no longer active or offering crypto-related services.
Ten firms have had their AUSTRAC registration canceled since 2019, with the 
most recent being FTX Express in June 2024, the local subsidiary of the 
collapsed crypto exchange FTX.
## AUSTRAC to launch public list of registered exchanges
Following its blitz on inactive crypto exchanges, AUSTRAC said it will publish 
a list of registered exchanges to help Australians verify legitimate 
providers.
Thomas said the goal is to make it harder for criminals to scam people and 
improve the integrity and accuracy of AUSTRAC&#8217;s register.
&#8220;If a DCE does intend to offer a service, they need to contact us otherwise we 
will cancel the registration and this information will be added to the 
register,&#8221; he said.
&#8220;Members of the public should feel confident that they can identify legitimate 
cryptocurrency providers that are registered and subject to regulatory 
oversight and that we are driving criminals out of this industry,&#8221; Thomas 
added.
_**Related:**__**Australia &#8216;s top court sides with Block Earner, dismisses 
ASIC appeal**_
In February, the Anti-Money Laundering regulator took action against 13 
remittance service providers and crypto exchanges, with over 50 others still 
being investigated regarding possible compliance issues.
Six providers were refused registration renewal on the grounds that key 
personnel were either convicted, prosecuted, or charged with a serious 
offense.
Australia has yet to pass crypto regulations. In August 2022, the ruling 
center-left Labor Party initiated a series of industry consultations to draft 
a crypto regulatory framework.
In March, the government proposed a new crypto framework regulating exchanges 
under existing financial services laws ahead of a federal election slated for 
May 3.
_**Magazine:**__**SEC &#8216;s U-turn on crypto leaves key questions unanswered**_

Australia’s finance watchdog to crack down on dormant crypto exchanges

A recent technical report indicates Dogecoin (DOGE) could be on the verge of a 
significant price increase in the next few months. The meme coin, which is now 
trading at $0.17, has recorded a 10% gain in the last week and continues to be 
up 11% over a 14-day period. Related Reading: XRP Headed For $1,000 – 
CryptoGuard Exec Drops Bold Prediction Bullish Divergence Indicates Possible 
Upswing Based on Crypto Bio&#8217;s analysis, two separate bullish divergence 
patterns have emerged on Dogecoin&#8217;s chart. The first was seen between June and 
August 2024, when prices fell to between $0.07 and $0.09 while the Relative 
Strength Index (RSI) made higher lows. It was followed by a large-scale rally 
that saw DOGE rise above $0.40 by December 2024. Another pattern with a 
similar scenario has been developed between the periods of March and April 
2025. Although Dogecoin&#8217;s value printed lower lows near $0.1300, the RSI once 
more produced higher lows. Based on such technical features, certain experts 
anticipate that DOGE might find itself at $0.5 over the coming two or three 
months. The Math Behind &#8216;Dogecoin Millionaires&#8217; There are discussions about 
new &#8216;Dogecoin millionaires&#8217; that have excited investors. The figures, though, 
paint a more serious picture. Assuming a price of $0.5, a $10,000 investment 
would become around $27,530 – a gain of $17,530. $DOGE is waking up. The same 
signs, the same setup. Millionaires will be made in the next 2-3 
months!🔥#DOGECOIN 🚀🚀 pic.twitter.com/mKQjjglJiO — Crypto Bio (@CryptoBio_) 
April 27, 2025 In order to actually become a millionaire if DOGE reaches $0.5, 
an investor would need to have around 2 million coins, currently valued at 
around $360,000. According to Crypto Bio, given all these figures and 
probabilities, &#8220;millionaires will be made in the next two to three months.&#8221; 
This reality check underscores the vast amount of money required to meet the 
&#8216;millionaire&#8217; goal that is utilized to recruit prospective investors in the 
cryptocurrency. Technical Support From Parabolic Trendline Another analyst, 
&#8220;abermix,&#8221; notes that Dogecoin is presently riding a long-term parabolic 
trendline that started around $0.05 during 2022-2023. Although there were 
numerous tries to fall below this curve at different price levels ($0.06, 
$0.08, and $0.14), DOGE has repeatedly jumped back to hold ground above the 
line. $doge is conforming to this parabolic trendline at the moment idk if 
it&#8217;s valid but it looks like it xD can we expect a bounce soon?#Dogecoin 
pic.twitter.com/moQHd7WCpt — abermix (@abermixcrypto) April 27, 2025 Related 
Reading: Justin Sun Bets Big On JUST Token – Here’s Why He Sees 100x Potential 
The price is trading slightly below both short-term and long-term exponential 
moving averages (EMAs) currently. Experts believe that a breakout above $0.20 
will validate a larger trend reversal and open the doors for further advances. 
Falling Wedge Formation Adds To Bullish Outlook According to April 25 reports, 
Dogecoin has extricated itself from a &#8220;falling wedge&#8221; formation that had 
placed it in a downtrend for many months. Previous levels of resistance were 
tested in February at $0.28 and April at $0.16. Market observers comment that 
although these technical indicators look encouraging, cryptocurrency prices 
are extremely volatile. The present price movement comes after several months 
of horizontal trading following DOGE&#8217;s peak at $0.19, and any investment 
choice should account for the volatility of the market. Featured image from 
Gemini Imagen, chart from TradingView

Don’t Blink—Dogecoin May Create Millionaires This Quarter, Analyst Says

Scammers are mailing physical letters to the owners of Ledger crypto hardware 
wallets asking them to validate their private seed phrases in a bid to access 
the wallets to clean them out.
In an April 29 X post, tech commentator Jacob Canfield shared a scam letter 
sent to his home via post that appeared to be from Ledger claiming he needed 
to immediately perform a &#8220;critical security update&#8221; on his device.
The letter, which uses Ledger&#8217;s logo, business address, and a reference number 
to feign legitimacy, asks to scan a QR code and enter the wallet&#8217;s private 
recovery phrase under the guise of validating the device.
The letter threatens that &#8220;failure to complete this mandatory validation 
process may result in restricted access to your wallet and funds.&#8221; 
_Source:__Jacob Canfield_
A seed phrase, or recovery phrase, is a string of up to 24 words that unlocks 
access to a crypto wallet. A scammer with the phrase can access and control 
the associated wallet to transfer its holdings elsewhere.
Earlier this month, the X account of a crypto hardware wallet reseller said it 
had also received multiple reports of Ledger users receiving a similar letter.
In response to Canfield&#8217;s post, Ledger said the letter is a scam and cautioned 
its device users to stay vigilant against phishing attempts.
_**Related:**__**Ledger wallet user reports 10 BTC loss &#8212; Community blames 
phishing**_
&#8220;Ledger will never call, DM [direct message], or ask for your 24-word recovery 
phrase. If someone does, it&#8217;s a scam,&#8221; it added.
&gt; &#8220;Please don&#8217;t engage with accounts claiming to be Ledger employees or anyone 
&gt; offering to help recover funds.&#8221;
## Unclear whether connected to the Ledger&#8217;s data leak
Canfield suggested that scammers were sending letters to Ledger customers 
whose data was leaked nearly five years ago.
In July 2020, a hacker breached Ledger&#8217;s database and dumped the personal 
information of more than 270,000 of its customers online, which included 
names, phone numbers and home addresses
The following year, several Ledger users claimed to have been mailed fake 
Ledger devices that were tampered with and designed to install malware upon 
use, Bleeping Computer reported at the time.
_**Magazine:**__**Your AI &#8216;digital twin&#8217; can take meetings and comfort your 
loved ones**_

Ledger scammers are sending letters to steal seed phrases

BRICS is surging ahead with unstoppable momentum, rapidly abandoning the U.S. 
dollar, building resilient payment systems, and forging a historic new 
economic frontier beyond Western control. Lavrov Confirms BRICS Ditching US 
Dollar Fast Russian Foreign Minister Sergey Lavrov has highlighted the growing 
use of national currencies among BRICS members in place of the U.S. dollar […]