Author: Lucas Peterson
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Genius, Guru, Hobbit, Or Fraudster? Who Is Sam Bankman-Fried?
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On many pictures, Sam Bankman-Fried aka SBF looks like the Hobbit Samwise, aka Sam from the movie The Lord of The Rings. SBF has lost ten billion dollars or 94% of his wealth in just 24 hours, when his crypto exchange FTX crashed. A record. Never before has a billionaire…
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EFRI’s Fight Against Payvision And Its Former Management To Compensate Scam Victims!
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The European Funds Recovery Initiative (EFRI) filed a criminal complaint against Payvision and its former management, Rudolf Booker, Gijs op de Weegh, Cheng Liem Li. According to EFRI, the Amsterdam-based Fintech and licensed payment processor Payvision has been knowingly and willingly facilitating cybercrime and scams. Thus, Payvision would be liable…
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PayTech Platform Ping Receives $15 Million!
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Ping, a global payment platform for freelancers and contractors, has received $15 million in a seed funding round. Investors participated in the round, including Y-Combinator, Race Capital, Signum Capital, Goat Capital, Danhua Capital, and BlockTower. The company claims it is now THE global solution for remote workers, contractors, and freelancers.
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Ukrainian Aid Money May Be Gone In Bankruptcy Of Crypto Exchange FTX!
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In March, the Ukrainian government under Volodymyr Selenskyj proudly presented a new way of increasing donations: The crypto exchange FTX was supposed to make more out of 100 million – now FTX is bankrupt. The suspicion: vast sums of aid money are gone.
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SEC Chair Gary Gensler Launches Investigation Against FTX!
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Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), warned the crypto industry, saying, “We need to protect crypto investors. Time is running out!” According to Gensler, the FTX collapse follows the same pattern as the crash of many other crypto platforms. He said that these platforms…
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Introducing Short-Seller Fraser Perring!
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He is certainly not a buddy of managers of listed companies. Fraser Perring (Twitter) is a notorious short seller who repeatedly launches short-selling attacks against companies. He is one of the people behind Viceroy Research LLC, an investigative financial research group registered in Delaware, USA. Perring uses Twitter as a…
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Twitter Rumors Confirmed? Twitter Payments Registered As A Money Services Business
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Rumor has it that Musk wants to enrich Twitter with a payment function, transforming it into profitability. Elon Musk’s $44 billion takeover of Twitter has sent the global tech and media scene into a tizzy. Now it was revealed that Twitter indeed has registered with the U.S. FinCen as a…
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SEC Fines Koppers $1.3 Million!
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The Securities and Exchange Commission (SEC) has settled a lawsuit against Koppers Holdings for failing to disclose material information related to two non-GAAP financial measures the company highlighted in connection with its debt reduction efforts. The Commission’s order states that Koppers failed to disclose that it achieved its debt reduction…
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Zebra Magazine Launches Sustainable FinTech Monitor!
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Sustainable Finance is a growing part of the German financial industry: more than 60 fintech companies active in the German market are represented in the Sustainable Fintech Monitor, published this week by Zebra Magazine. The Sustainable Fintech Monitor lists and categorizes sustainable fintechs. Three criteria are crucial for the new…
