Month: December 2022
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Disgraced Former FTX CEO Sam Bankman-Fried Faced With Criminal Charges And Regulatory Fraud Complaints!
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U.S. authorities have charged disgraced former FTX CEO Sam Bankman-Fried (SBF) with fraud a month after the crypto exchange he founded filed for bankruptcy. Moreover, the U.S. CFTC and the U.S. SEC have filed fraud complaints against SBF and his companies FTX and Alameda Research. The complaints charge them with…
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Introducing Brock Blake The CEO And Co-Founder Of Lendio!
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Brock Blake (LinkedIn) is the CEO and co-founder of Lendio (website), an online marketplace for small business loans. Blake is an Inc. 500 CEO, speaker, and Forbes columnist. He is currently a leader in financial solutions for small businesses. This is reflected in his accolades, including the honor of being…
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French FinTech Silvr Expands To Germany And Cooperates With DFKP!
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Silvr, founded in 2020, is preparing its market entry in Germany. To this end, it will in future cooperate with DFKP, an intermediary for corporate financing in Germany. The common goal: is to make raising capital for digital companies even easier and more accessible in the future. This should be…
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Venture Capital For Small Investors: Bafin Prohibits Econos Offer!
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Due to “significant concerns for investor protection”, the financial supervisory authority BaFin reprimands a product of the investment platform Econos, behind which Alexander Samwer stands. Starting at €100, small investors could invest in the green World Fund. The financial regulator Bafin prohibits an investment product of the Munich-based fintech Econos.
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Crypto Payment Processor MoonPay Successfully Registered With The UK Regulator!
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The UK entity of crypto payment processor MoonPay has received the UK’s Financial Conduct Authority (FCA) license. Moonpay (UK) Limited appeared on the Registered Cryptoasset Firms list on 9 December 2022 and is the 40th cryptocurrency service provider authorized by the UK watchdog. It joins the likes of crypto ventures…
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The Arrest Of FTX Founder Sam Bankman-Fried May Make The Crypto World “Whole Again!”
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For a long time, the Twitter community demanded the arrest of FTX founder Sam Bankman-Fried (SBF) after around a million customers had lost billions with the collapsed crypto exchange. Monday evening, he was now arrested by police in the Bahamas after U.S. prosecutors brought a still-sealed indictment. He is now…
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Yuga Labs And Moonpay: Class Action Lawsuit Over NFT Ads With Celebrities!
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Over 40 people and companies have been named defendants in the class action lawsuit. Among them are Paris Hilton, Snoop Dog, Jimmy Fallon, Justin Bieber and Madonna. Yuga Labs, the company behind Bored Ape Yacht Club (BAYC) and crypto fintech Moonpay, is facing a class action lawsuit for allegedly using…
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Abnormal Price Movements On Binance, Not A Hack Attack: CZ Gives The All-Clear!
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On December 11, Binance published a notice about abnormal price movements on some trading pairs. The crypto exchange has investigated suspicious behavior on its platform after noticing abnormal price movements in some trading pairs with the Sun Token (SUN), Ardor (ARDR), Osmosis (OSMO), FUNToken (FUN), and Golem (GLM). Nearly 40…
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Bafin And Bundesbank Survey Financial Institutions On Their Interest Rate Risks!
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The survey of 1,200 financial institutions launched at the beginning of December is intended to help assess the impact of the interest rate turnaround on the institutions. The financial supervisory authority Bafin and the Bundesbank launched a survey of around 1,200 financial institutions at the beginning of December to assess…
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BMW Jets Full Throttle Into The NFT And Metaverse Future!
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BMW is shifting into gear in the direction of CyberSociety with NFTs and Metaverse. To this end, they filed patents in the USA to protect their trademark rights. In particular, the German automaker filed NFT and Metaverse patents in the USA to protect its brand. The applications relate to downloadable…