By Shikha Singh
Headline 5
Dubai Land Department & VARA to Tokenize Real Estate for Fractional Investments.
The Dubai Land Department, in collaboration with the Dubai Virtual Asset Regulatory Authority (VARA), has launched a pilot project for real estate tokenization, enabling fractional ownership of property through blockchain technology.
This initiative is part of Dubai’s Real Estate Strategy 2033, aiming to boost real estate transactions to $272 billion. Dubai is now the first in the Middle East to implement tokenization for property title deeds.
The project is designed to make real estate investment more inclusive and transparent, with support from the Dubai Future Foundation and SandBox Real Estate.
This move is considered a significant step in advancing real estate innovation and attracting tech companies to the sector.
Morocco Targets 10% GDP Boost by 2030 From Blockchain, AI.
Morocco is heavily investing in emerging technologies like blockchain and AI through its Digital Morocco 2030 strategy, aiming for a 10% GDP increase by 2030.
With over 11 billion dirhams ($1.1 billion) allocated by 2026, the plan seeks to create 240,000 jobs and train 100,000 young people annually in digital skills.
Blockchain will be integrated into government services to improve efficiency and reduce corruption, with trials underway in the health and finance sectors.
Despite a 2017 ban on digital assets, over 6 million Moroccans now hold them, and the government is working on legalizing them.
Additionally, Morocco is pioneering AI adoption, with initiatives like AI-powered learning at Mohammed VI Polytechnic University and AI integration in its judicial system.
WazirX Claims 93.1% of Users Voted Yes for Restructuring.
Story The management of the WazirX cryptocurrency exchange announced that it received overwhelming support for its proposed restructuring scheme, more than 9 months after the exchange was hacked for Rs 2000 crore.
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A week-long vote saw 93.1% of the 141,476 participating users supporting the plan, which aims to return 85% of crypto portfolios.
The exchange had lost $234.9 million in the hack on July 18, 2024. The voting, conducted between March 19 and March 28, involved over $195.6 million in claims.
The proposal met the necessary approval thresholds under Singapore’s Companies Act. WazirX founder Nischal Shetty expressed gratitude for the strong support, and the company plans to file for formal approval with the Singapore High Court before beginning repayments. Withdrawals and trading will resume in phases based on regulatory guidelines.
TreasureNFT Users Cry Scam as Platform Freezes Withdrawals.
Many users have reported difficulties accessing their funds, leading to accusations against TreasureNFT, a Web3 platform that promises 30% monthly returns through AI-driven NFT trading.
Initially attracting users with promises of returns between 4.3% and 6.8%, the platform faced allegations of operating as a Ponzi scheme, especially due to its multi-level marketing structure and reliance on new deposits rather than actual trading.
As withdrawal delays grew, users were forced into a complex “manual withdrawal” process, with most requests rejected.
With a success rate of only 6.4% for withdrawal requests, critics have compared TreasureNFT to past scams like HashFlare. The platform’s Telegram channel has been inactive since March 30, and its website is flagged as unsafe.
Crypto Theft Sees 303% Quarterly.
Cryptocurrency thefts surged by 303% in the first quarter of 2025, reaching $1.67 billion, primarily due to a record-breaking $1.45 billion hack on the Bybit exchange.
The period in question marked a significant rise in cyberattacks, with 197 hacks reported, six more than the previous quarter.
Ethereum was targeted in about half of these incidents. The Bybit breach has raised concerns over security at centralized exchanges, with calls for stronger protections. The second-largest hack involved Singapore’s Phemex exchange, which lost $71 million.
Despite regulatory efforts to stabilize the crypto ecosystem, security risks remain a significant challenge. Additionally, the price of Bitcoin dropped below $90,000 following the Bybit breach, and ongoing geopolitical tensions, like tariffs under the Trump administration, add further uncertainty to the crypto sector.
Indian Start-Up Develops Software to Help Police Track Suspected Crypto Wallets.
An Indian start-up, Hornet, has developed software that helps law enforcement track crypto wallets involved in crimes like money laundering, drug smuggling, and terror financing.
Founded in 2023 and based in Hyderabad and Kolkata, Hornet has partnered with the Telangana Police and Enforcement Directorate to track flagged wallets.
The software can monitor transactions on cryptocurrency exchanges and P2P platforms, linking wallets to real-world entities using Bank KYC data.
It traces the flow of money, whether forwards for investment fraud or backwards for crimes like terror financing. This innovation comes at a time when India is facing discussions about lagging behind China in tech, AI, and smart solutions.
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