Author: Lucas Peterson
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Attention! SEC Sends Subpoena To Crypto Influencers For HEX, PulseChain, and PulseX!
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Financial influences may be at risk of violating regulatory rules. The U.S. SEC asks several influencers to submit data and documents related to specific crypto projects they have promoted. For several years, crypto influencers have been a thorn in the side of regulators, often promoting risky and unverified crypto projects.…
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After The Billion Exit Scam: Founder Of Thodex Arrested!
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Aruk Fatih Özer, founder and CEO of Turkish cryptocurrency exchange Thodex, which was shut down last year, has been arrested in the Albanian coastal city of Vlora. The Turkish interior minister announced on Tuesday. Özer, 28, is accused of disappearing with his customers’ money more than a year ago. Around…
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Malaysia Establishes National Scam Response Center to Fight Cybercrime!
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The Malaysian government has established a National Scam Response Center (NSRC) to improve inter-agency coordination and enable rapid response to online financial fraud. The command centre is a joint effort between the National Anti-Financial Crime Center (NFCC), Polis Diraja Malaysia (PDRM), Bank Negara Malaysia (BNM), the Malaysian Communications and Multimedia…
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CarDekho Is Investing $100 Million In Its FinTech Subsidiary Rupyy!
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CarDekho Group, interested in an initial public offering, said it would invest $100 million in its fintech subsidiary Rupyy, in a mix of debt and equity. Rupyy crossed a monthly auto loan disbursement volume of Rs 500 crore in September. The brand plans to reach an annual disbursement volume of…
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Startup Rivero Becomes The First Swiss Visa FinTech Partner!
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Rivero, a fintech provider pioneering SaaS solutions, announced that it had become the first Swiss company to be accepted by the Visa Fintech Partner Connect program. This program from Visa provides access to world-class and trusted technology partners.
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U.S. SEC Files Charges Against $295 Crypto Ponzi Scheme Trade Coin Club!
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The U.S. Securities and Exchange Commission (SEC) has filed charges against Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor and Jonathan Tetreault for their roles in Trade Coin Club. This fraudulent crypto Ponzi scheme collected more than 82,000 Bitcoin worth $295 million from more than 100,000 investors worldwide. Like all…
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Wirecard Was The House Bank For Companies Behind Youporn And Pornhub!
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When Commerzbank terminated the account of the porn company Manwin, Wirecard was on the spot. The German fintech did business with the porn industry for longer than ex-CEO Markus Braun portrayed it to the outside world. Wirecard found its first customers in the gambling and porn industries. Over the years,…
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BaFin Warns Of “FRAUDULENT AUTHORITY” In Germany Posing As UK FCA!
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“BaFin would like to clarify that the U.K. Financial Conduct Authority is not targeting consumers in Germany.” The German Federal Financial Supervisory Authority (BaFin) has warned that retail investors are being contacted by people claiming to work for the U.K. Financial Conduct Authority (FCA).
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Cyprus PayTech Praxis Announces New Features!
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Cyprus-based Amit Klatchko’s PayTech Praxis Tech Ltd announced new and improved features for its product offering, including enhanced verification and bulk action functions. The new features include a bulk action feature, an improved verification feature, multiple customer profile selections, and new currencies and countries added to the Praxis dashboard. Praxis…
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WOO Network Joins The FinTech Poland Ecosystem!
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In recognition of Poland’s role in the advancement and innovation of digital assets in the European Union, WOO Network has joined the FinTech Poland ecosystem, which aims to share critical insights into the innovative, secure and responsible crypto asset market in the country.