Latest news with #Token2049Dubai
Cision Canada
02-05-2025
- Business
- Cision Canada
From Exchange to Ecosystem Builder: MEXC Celebrates 7th Anniversary at TOKEN2049 Dubai with $300M Ecosystem Development Fund Launch
VICTORIA, Seychelles, May 2, 2025 /CNW/ -- MEXC, a leading global cryptocurrency exchange serving over 36 million users, concluded its successful participation as a Title Sponsor at Token2049 Dubai, where the company celebrated its milestone 7th anniversary and announced a groundbreaking $300 million ecosystem development fund. 7 Years of Excellence: A Foundation for Ecosystem Expansion The premier crypto event, which took place from April 30 to May 1, 2025 in Dubai, provided MEXC with the perfect platform to commemorate seven years of growth and innovation in the cryptocurrency space. During the celebratory "Celebra7e MEXC Cocktail Party", Tracy Jin, COO of MEXC, delivered an inspiring opening speech highlighting the exchange's remarkable journey. "Seven years may sound short, but in the fast-moving world of crypto, it's a lifetime," Jin told attendees. "To thrive in this ever-evolving space takes resilience, vision, and trust—and we've only made it this far because of you." Jin revealed impressive growth metrics: the MEXC team has nearly doubled to 2,000 employees across Growth, R&D, and Business Support divisions. The platform now offers more than 3,000 crypto assets and has built a community of over 2.25 million Twitter followers and approximately 193,000 Telegram members. "We've also hosted over 2,293 airdrop events, distributing over $136 million in rewards," Jin added. "This is our way of thanking you for your ongoing trust and loyalty." $300 Million MEXC Ecosystem Development Fund Unveiled The highlight of MEXC's Token2049 Dubai participation was the official announcement of its $300 million Ecosystem Development Fund, signaling the company's strategic evolution from an exchange service to a comprehensive ecosystem builder. The five-year fund represents MEXC's commitment to fostering blockchain innovation across multiple sectors. The fund will focus on strategic investments in public chains, stablecoins, wallets, and media platforms, providing not only financial backing but also leveraging MEXC's exchange business cooperation to deliver enhanced value to portfolio projects. This dual approach positions fund recipients to benefit from both capital investment and operational synergies within the MEXC ecosystem. "After seven years of market resilience, MEXC is uniquely positioned as a trusted ecosystem partner," said Tracy Jin. "This fund represents our vision for the future of decentralized finance and our commitment to supporting the next generation of blockchain innovations." Alongside the ecosystem fund, MEXC Ventures launched "IgniteX" – a $30 million, five-year CSR initiative to foster Web3 talent and innovation. The program will support early-stage startups, research, developer communities, and academic institutions, with focus on decentralized infrastructure, AI-blockchain integration, stablecoins, and fintech. IgniteX combines mentorship, education, and funding to build a future-ready ecosystem and prepare the next generation of Web3 users and leaders. Industry Insights Shared at Panel Discussion MEXC's presence at Token2049 Dubai extended beyond celebrations and announcements to include thought leadership. Tracy Jin participated in a panel discussion titled "What's Next for Crypto Markets: The Exchange Perspective" on the OKX main stage on 1 May. The discussion explored upcoming trends, challenges, and opportunities in the cryptocurrency exchange sector, with Jin offering insights drawn from MEXC's seven years of operational experience. During the panel, Jin emphasized MEXC's continued focus on product innovation and market expansion while maintaining its core commitment to being "Your Easiest Way to Crypto" for users worldwide. Successful Side Events Strengthen Community Connections MEXC hosted multiple successful side events throughout TOKEN2049 Dubai, including the "Celebra7e MEXC Cocktail Party," "Dao People x MEXC: VIP Party" at BIRDS, a "TR KOL Exclusive Yacht Party" aboard Xclusive Yachts, and participation in the "AFTER2049" event at Be Beach. These gatherings provided valuable networking opportunities for industry professionals, partners, and MEXC community members. At the company's exhibition booth, MEXC showcased its revolutionary DEX+ platform and displayed a collection of seven limited-edition anniversary merchandise items that proved popular with attendees. Throughout the conference, MEXC representatives conducted product demonstrations, engaged with visitors, and discussed potential partnerships. Behind the scenes, Jin noted that MEXC's service team has resolved more than 1 million user requests and recovered over $1.8 million in user assets—underscoring the company's commitment to security and user experience. Looking Ahead As Token2049 Dubai concluded, MEXC's successful participation not only celebrated its past achievements but also laid the groundwork for its future vision. The announcement of the $300 million Ecosystem Development Fund, combined with ongoing product innovations and market expansion efforts, positions MEXC for continued growth in its eighth year and beyond. About MEXC Founded in 2018, MEXC is committed to being "Your Easiest Way to Crypto." Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding. MEXC Official Website | X | Telegram | How to Sign Up on MEXC
Zawya
01-05-2025
- Business
- Zawya
Crystal Intelligence acquires scam alert to empower crypto scam victims, enhance global fraud detection
DUBAI, United Arab Emirates --(BUSINESS WIRE)-- Crystal Intelligence, a global leader in blockchain analytics and risk monitoring, announces today at Token2049 Dubai that it is acquiring Scam Alert, a publicly accessible platform for crypto scam reporting and detection initially created by Whale Alert. The acquisition reinforces Crystal's commitment to empowering scam victims globally, facilitating faster and more effective responses to crypto fraud, and enhancing cooperation with law enforcement agencies. Crypto fraud has reached unprecedented levels, and victims are often left isolated, unsupported, and unaware that they may be part of a broader, coordinated scheme. Crystal's acquisition of Scam Alert is designed to change this by enabling victims to report scams and aggregate these individual reports through Crystal's advanced clustering analytics. This technology identifies broader fraud patterns, linking isolated cases to larger operations and providing critical intelligence to law enforcement agencies globally. Frank van Weert, Founder and CEO of Whale Alert, said 'We launched Scam Alert to combat crypto crime, and by joining forces with Crystal Intelligence, we can now make a meaningful impact where others have fallen short. Blockchain can only thrive in an environment where users feel safe.' 'We are fundamentally a B2B company, yet we receive an overwhelming number of desperate outreach messages from scam victims with minimal resources available,' said Navin Gupta, CEO of Crystal Intelligence. 'Individual victims rarely see justice, enabling scammers to repeatedly harm thousands more. This has to stop. Scam Alert is our important step toward protecting individuals, triaging genuine scam reports, and collaborating directly with law enforcement and virtual asset service providers (VASPs) to prevent future victimization and support potential fund recovery.' The frequency and scale of cryptocurrency crimes have surged substantially in recent years, with losses surpassing $9.3 billion in 2024 alone, a 66% jump from 2023, according to the FBI's Internet Crime Complaint Center 2024 Report. Whale Alert will continue as an advisory partner, amplifying Scam Alert's reach across its substantial social media following. Crystal plans a phased rollout, starting with comprehensive multilingual data collection, victim support infrastructure, and strategic collaboration with global law enforcement and regulatory bodies. Scam Alert will also adopt Crystal's hyperlocal intelligence approach by working closely with local ambassadors, foundations, and blockchain communities worldwide. This is also a call to action for others who believe in this cause to join us. Marina Khaustova, COO of Crystal says, 'Scam Alert can be a lifeline for those impacted by crypto fraud. Victims deserve a recognized course of action and genuine support. Scam Alert will convert scattered experiences into actionable insights, contributing significantly to scam prevention and victim support. We look forward to working with Whale Alert to deliver an unmatched platform in the fraud protection and recovery process for crypto.' The initiative has received support from key industry stakeholders, including Polygon, Tether, and Ethereum Foundation—partners who share our vision for a safer crypto ecosystem. Crystal's long-term vision involves significantly improving crypto community safety. Gupta emphasized, 'Scams remain the biggest obstacle to new user adoption in crypto. Scam Alert symbolizes our ongoing commitment to a safer blockchain ecosystem. Through collaborative data sharing, educational initiatives, and early detection of scam trends, we aim to equip VASPs and law enforcement with powerful tools to combat crime.' The Scam Alert initiative is intentionally structured as a standalone, non-commercial project within Crystal, inviting collaboration with industry peers, foundations and regulatory authorities. About Crystal Intelligence Crystal is a leading blockchain intelligence firm empowering financial institutions, law enforcement, and regulators with real-time blockchain analysis, investigative, and compliance solutions. Our technology helps financial institutions efficiently comply with global anti-money laundering regulations. Investigators and government agencies rely on Crystal's cutting-edge technology and real-time intelligence to solve crypto investigations. Available as a free blockchain explorer, SaaS, or API.
The National
01-05-2025
- Entertainment
- The National
Token2049 Dubai crypto summit
A dance and light performance during the opening day of the Token2049 Dubai summit on Wednesday. All photos: Antonie Robertson / The National
The National
01-05-2025
- Business
- The National
Digital gold: How crypto stacks up against the dollar and the most popular safe haven asset
In the aftermath of a chaotic economic scenario in which US-led tariffs upended stock markets and riled economic projections, gold has shone brightly, reinforcing its safe haven status. Also falling victim to the tariff mayhem were cryptocurrencies, although they seem to have held their ground pretty well, having been able to recover following a brief dip. As such, crypto proponents are touting digital assets as the new-age safe haven. Though cryptocurrencies are still flawed, they do not have physical limitations and are potentially higher-yield, and executives believe placing your money on them is a safer bet than physical commodities that are harder to move around and whose supply can be limited. The National spoke to them at the Token2049 Dubai summit on Wednesday to find out if gold has met its match. The purpose of cryptocurrencies has always been to be an alternative investment asset that is safe, at least according to how it's built – even though its biggest weakness might be its unpredictable and highly volatile nature. Economic volatility has traditionally lifted safe haven assets such as gold. The precious metal, considered a hedge against inflation, has been on a tear recently: it soared past $3,500 an ounce last week and is up by nearly a quarter in 2025. That was in response to economic and investor uncertainty stemming from tariffs introduced by the US, its subsequent trade war most notably with China and concerns over a global recession. Cryptos, meanwhile, after a record run triggered by US President Donald Trump's promise to embrace and "fight like hell" for the asset, wobbled amid his tariff episode, but has largely maintained their strength. The view whether or not cryptos are a safe asset will then largely depend on fundamentals and preferences. Gold and cryptos are "two considerably different things", but the latter, Bitcoin in particular, as "digital gold" is a narrative that's "really strong", said Kean Gilbert, Head of Institutional Relations of Lido Finance, the largest liquid staking solution for Ethereum. "The idea of having Bitcoin as digital gold and being able to transact with it and send it globally around the world without having to go through an intermediary is a really powerful use case," he told The National. That's compared with gold and "the physical narrative and carrying that in vaults for a younger generation, that might not be as appealing compared to an older generation that likes physical gold". Vincent Chok, the founder and chief executive of First Digital, which is the issuer of the world's fifth-biggest stablecoin by market capitalisation, agrees with the "digital gold" pitch. "Bitcoin ... is a lot easier than storing gold. You can see gold prices going well, but the reason why is because there's still a lot of people who are not familiar and do not know Bitcoin, so what they fall back [to] is gold," the told The National The dollar has also slumped in the wake of the economic chaos. That has highlighted, especially to those outside of the world's largest economy, "the realisation that the US economy or printed dollars are not as safe" as perceived, said Vugar Sade, chief operating officer of crypto exchange Bitget. "In most of the developing world, the dollar was the way you save your money and whenever you have an unstable economy, huge inflation or weaker currency, you would turn into dollars," he told The National. "But now people realise that dollars are losing value," he added, noting that, comparatively, the same situation applies to gold. Bitcoin, the world's first and biggest cryptocurrency, will be the "anchor", having proven itself over the past 10 years despite several crypto winters and industry scandals. It is also viewed as the "most important payment method" for artificial intelligence, the technology seen to shape the future society, said Ryan Chow, chief executive of Solv Protocol, the first on-chain Bitcoin reserve. Simply put, it's because "AI cannot take [physical assets such as] gold for payments", he told The National. The same could be said for dollars. In the early days of cryptocurrencies, people did not pay much attention to it, but its growth – and the wealth it generates – has legitimised its existence. While its utility is still both in its infancy and highly debated owing to the lack of oversight, it may be turning out that it might be built for unprecedented economic situations – not to mention in line with the future of digital finance. "It was born precisely for this moment that we have in time, where between tariffs and geopolitical uncertainty, you need to have something that you can sort of have as a backup," Yat Siu, co-founder and executive chairman of Hong Kong-based venture capital fund Animoca Brands, told The National. "When you think about something like crypto, you have to think of it as something that is uncorrelated from the rest of the world. It's an asset class that is a growth asset class that sits in this belief that the world is going to become." That means any uncertainty in the global economy can cement crypto use, as currencies that can be transferred freely and used as a store of value. Still, as with any asset, caution is the top priority; investors are urged to "stick to fundamentals", as there is no magic bullet or formula, said Changpeng Zhao, the founder and former chief executive of the world's biggest crypto exchange, Binance. "Don't get too excited. What happens in traditional investing markets, the same thing that happens here [in crypto]. Don't follow or buy just because you saw somebody tweet about it," he told an audience at Token2049. "Don't just follow blindly. Don't invest in a large number of tokens or coins. If you don't understand, don't invest ... if it doesn't work, pivot; if it works, then scale."
Business Wire
01-05-2025
- Business
- Business Wire
Crystal Intelligence Acquires Scam Alert to Empower Crypto Scam Victims, Enhance Global Fraud Detection
DUBAI, United Arab Emirates--(BUSINESS WIRE)-- Crystal Intelligence, a global leader in blockchain analytics and risk monitoring, announces today at Token2049 Dubai that it is acquiring Scam Alert, a publicly accessible platform for crypto scam reporting and detection initially created by Whale Alert. The acquisition reinforces Crystal's commitment to empowering scam victims globally, facilitating faster and more effective responses to crypto fraud, and enhancing cooperation with law enforcement agencies. Crypto fraud has reached unprecedented levels, and victims are often left isolated, unsupported, and unaware that they may be part of a broader, coordinated scheme. Crystal's acquisition of Scam Alert is designed to change this by enabling victims to report scams and aggregate these individual reports through Crystal's advanced clustering analytics. This technology identifies broader fraud patterns, linking isolated cases to larger operations and providing critical intelligence to law enforcement agencies globally. Frank van Weert, Founder and CEO of Whale Alert, said 'We launched Scam Alert to combat crypto crime, and by joining forces with Crystal Intelligence, we can now make a meaningful impact where others have fallen short. Blockchain can only thrive in an environment where users feel safe.' 'We are fundamentally a B2B company, yet we receive an overwhelming number of desperate outreach messages from scam victims with minimal resources available,' said Navin Gupta, CEO of Crystal Intelligence. 'Individual victims rarely see justice, enabling scammers to repeatedly harm thousands more. This has to stop. Scam Alert is our important step toward protecting individuals, triaging genuine scam reports, and collaborating directly with law enforcement and virtual asset service providers (VASPs) to prevent future victimization and support potential fund recovery.' The frequency and scale of cryptocurrency crimes have surged substantially in recent years, with losses surpassing $9.3 billion in 2024 alone, a 66% jump from 2023, according to the FBI's Internet Crime Complaint Center 2024 Report . Whale Alert will continue as an advisory partner, amplifying Scam Alert's reach across its substantial social media following. Crystal plans a phased rollout, starting with comprehensive multilingual data collection, victim support infrastructure, and strategic collaboration with global law enforcement and regulatory bodies. Scam Alert will also adopt Crystal's hyperlocal intelligence approach by working closely with local ambassadors, foundations, and blockchain communities worldwide. This is also a call to action for others who believe in this cause to join us. Marina Khaustova, COO of Crystal says, 'Scam Alert can be a lifeline for those impacted by crypto fraud. Victims deserve a recognized course of action and genuine support. Scam Alert will convert scattered experiences into actionable insights, contributing significantly to scam prevention and victim support. We look forward to working with Whale Alert to deliver an unmatched platform in the fraud protection and recovery process for crypto.' The initiative has received support from key industry stakeholders, including Polygon, Tether, and Ethereum Foundation—partners who share our vision for a safer crypto ecosystem. Crystal's long-term vision involves significantly improving crypto community safety. Gupta emphasized, 'Scams remain the biggest obstacle to new user adoption in crypto. Scam Alert symbolizes our ongoing commitment to a safer blockchain ecosystem. Through collaborative data sharing, educational initiatives, and early detection of scam trends, we aim to equip VASPs and law enforcement with powerful tools to combat crime.' The Scam Alert initiative is intentionally structured as a standalone, non-commercial project within Crystal, inviting collaboration with industry peers, foundations and regulatory authorities. To learn more about and Crystal's efforts in blockchain monitoring, visit About Crystal Intelligence Crystal is a leading blockchain intelligence firm empowering financial institutions, law enforcement, and regulators with real-time blockchain analysis, investigative, and compliance solutions. Our technology helps financial institutions efficiently comply with global anti-money laundering regulations. Investigators and government agencies rely on Crystal's cutting-edge technology and real-time intelligence to solve crypto investigations. Available as a free blockchain explorer, SaaS, or API.
