Month: May 2023
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Bali Instructs Tourists Not To Pay With Crypto!
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Foreign tourists who pay with cryptocurrencies in Bali will be “dealt with harshly.” At a press conference on tourism development, Bali Governor Wayan Koster that visitors who pay with cryptos or violate other rules could be deported, face criminal charges, or face harsh sanctions.
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The Takeover Of Credit Suisse: Shareholders Sue UBS!
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The takeover of Credit Suisse resulted in an extraordinary profit of 31 billion Swiss francs for UBS. However, CS shareholders are now suing against the exchange ratio of 76 centimes per share.
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Prometheum Ember Capital Is First SEC Qualified Crypto Custodian!
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Bang for the buck in the US. The first crypto company has received a license under SEC requirements. The press release states that a crypto startup has received its first license under Securities and Exchange Commission (SEC) regulations.
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Hong Kong Securities Regulator To Start Accepting License Applications For Crypto Exchanges On June 1!
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Securities and Futures Commission (SFC) guidelines prohibit “crypto gifts” designed to incentivize retail investors, which likely include airdrops. According to an announcement this week, the SFC will begin accepting applications for licenses for crypto trading platforms starting June 1.
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Wise: Share Price Went South After The CFO Departure!
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It was one of the most highly valued startups in Europe. Wise, previously known as Transferwise, was listed on the London Stock Exchange in July 2021. Now there are personnel changes. Shares in fintech company Wise fell almost ten percent this week after it was announced that CFO Matt Briers…
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Solaris Is Facing A 50 Million Financing Round – Equity Is Urgently Needed!
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German fintechs are increasingly attracting the interest of venture capitalists again. Now, Berlin-based Solaris is on the verge of a new financial injection with a financing round soon, raising a mid-double-digit million amount – about €50 to 60 million from existing investors.
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Viceroy Research: The Next Short-Seller Battle Against Japanese Abalance!
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Viceroy Research, led by Fraser Perring, has set its sights on a new target: the Japanese solar panel manufacturer Abalance. Similar to their investigations into Wirecard, Grenke, and Adler Group, they claim to have uncovered irregularities and false statements. Following a significant 30% decline, the Abalance stock has since rebounded.
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High-Level Political Intervention Could Get Revolut The UK Banking License
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FinTelegram recently reported that the Revolut banking license in the UK may or may not be granted. Speculation suggests that regulators might deny Revolut the license. However, the UK government has intervened and facilitated high-level political discussions with Revolut, the UK’s highest-valued fintech as part of its growth strategy.
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Fintech Geopagos Expands Its Operations In Latin America!
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LATAM fintech company Geopagos has added Paraguay as the 16th country in which it will operate in the LATAM region. This is part of an aggressive expansion plan that has been exponential in recent years and has been supported since the second half of 2022 by a first investment round…
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Deutsche Bank Pays $75 Million To Abuse Victim Of Jeffrey Epstein!
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It is probably the most significant compensation sum ever paid by a bank in the USA for sexual abuse: Deutsche Bank pays 75 million dollars to a woman who Jeffrey Epstein had abused. She accused the bank of ignoring evidence of his machinations to continue doing business with him.