Month: January 2023
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Impressive! One Hundred Fourteen States Are Working On Central Bank Cryptocurrency Projects!
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The number of countries working on Central Bank Digital Currencies (CBDC) is increasing. Half the world is now preparing for CBDC adoption. According to a recent report by the U.S. think tank the Atlantic Council, 114 countries are currently looking into digital central bank money – an increase of 280%…
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New York Charges Celsius Network Founder Mashinsky With Crypto Fraud!
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The New York Attorney General Letitia James filed charges against Celsius Network founder Alex Mashinsky, alleging that he defrauded investors out of billions of dollars in digital currency by hiding the weak health of his now-bankrupt cryptocurrency lending platform. Mashinsky continued to promote Celsius as a safe alternative to banks…
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FinTech Blocks Bulletproof Vest Startup’s Account!
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The startup Bulletproof Ukraine produces bulletproof vests for volunteers and journalists. Currently, founder Madina Katter can no longer pay outstanding bills. Payment service provider Wise has blocked the company’s business account.
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Deutsche Bank Must Increase Cash Buffers For High-Risk Transactions!
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The European Central Bank (ECB) has ordered Deutsche Bank to back its business with more equity. As a result, the individual capital surcharge for the bank will rise by 0.2 percentage points to 2.7 percentage points. Under the ECB decision, Deutsche Bank must report a Common Equity Tier 1 ratio…
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Austrian Bitcoin Ponzi Scheme Operators Sentenced To Years-Long Jail Time!
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A 58-year-old Austrian and his 81-year-old father caused enormous damage amounting to 13 million euros throughout the EU with fraudulent Bitcoin trading. The men allegedly ripped off more than 100 victims to the tune of €13 million by promising high returns. The invested capital allegedly was dealt with by professional…
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U.S. Review Could Delay Or Block Binance Deal For Voyager Digital!
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Binance’s $1 billion acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a national security review in the U.S., according to a bankruptcy court filing Friday. The US-based subsidiary of crypto exchange Binance.us intends to buy Voyager’s crypto lending platform with an offer that includes $20…
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The Trail Of Wirecard Head Marsalek Is Lost In Putin’s Neighbourhood!
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The most spectacular fraud in German economic history is the Wirecard bankruptcy. The main defendant is former CEO, Markus Braun. On the other hand, one of the prominent masterminds of the scandal, Jan Marsalek, is living comfortably in Russia.
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Black Banx! The Fantastic Story Of Another German Fintech Unicorn And Its Billionaire Founder!
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FinTelegram has brought a new report on the fantastic German fintech billionaire Michael Gastauer and his Black Banx. The story is actually really unbelievable, whereas the term “fantastic” in the FinTelegram story was probably meant rather ironic to cynical. In a press release, Black Banx claimed to have more than…
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JJ Entertainment Wants To Acquire FinTech Handcheque!
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JJ Entertainment SE, listed on the Direct Market (MTF) of the Vienna Stock Exchange, is negotiating the takeover of Vienna-based handcheque GmbH, fintech offering a wallet solution. JJ Entertainment SE’s intends to focus on capital market-related advisory services for companies and their shareholders in raising equity and debt capital via…
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J.P. Morgan Backs Indian PayTech Company ISG!
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JP Morgan has invested strategically in leading Indian payments solutions provider In-Solutions Global (ISG). The company processes more than 17 billion transactions annually for its clients through its proprietary GeniusTM Payments-as-a-Service (PaaS) platform. It offers a market-leading stack and scalable capabilities that simplify the payment capture process, resulting in easy…