Category: CyberFinance
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The Ripple Crypto Case: Why The SEC Can’t Win!
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The U.S. Securities and Exchange Commission (SEC) does not have good cards to win in court with its charges against Ripple. At least, this is the opinion of attorney Jeremy Hogan, who has been watching the process from the beginning and regularly assesses how the proceedings are going.
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Gate.io Is Introducing Their Crypto Payment Product Gate Pay
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The crypto-exchange platform Gate.io (PR42 profile) has officially launched Gate Pay, a leading crypto-based payment product. The launch of Gate Pay is based on Gate.io executives’ belief that cryptocurrencies can become a widely used means of payment, not just a tradable asset. Gate Pay is a free-to-use crypto payment technology developed…
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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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Tel Aviv Stock Exchange wants to create crypto platform
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On October 24, the Tel Aviv Stock Exchange (TASE) has announced that it is developing a blockchain-based platform to expand its trading services to cryptocurrencies and other digital assets as part of a new strategic plan scheduled for 2023 to 2027.
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Twitter is allegedly in the process of launching a crypto wallet
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According to prominent tech blogger Jane Manchun Wong, Twitter is working on a “wallet prototype” that will allow cryptocurrencies to be deposited and withdrawn. The social media company has made no official confirmations or mentions on or about the matter. But as Wong notes, the wallet is believed to support…
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Blue Manakin Supports B3X Token Issuance Of Spanish Bnext!
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Blue Manakin, a crypto marketing agency with clients worldwide, has been working with the Spanish Fintech Bnext to launch the company’s B3X token publicly. So far, the results have been promising, with a waiting list currently including 1,400 registered users and nearly 2,000 users on Telegram.
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Former Binary Options Scammer Launched A Startup Fund For Convicted Cybercriminals!
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In September 2020, Israeli Gal Barak was sentenced to four years in prison by a court in Vienna for investment fraud and money laundering. He was released on parole in 2021 and has since launched the Vantage Fund in Israel to fund convicted cybercriminals and their startups. However, German prosecutors…
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Berlin-Based Solaris Posts Higher Losses And Needs To Refocus On Profitability!
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The Berlin fintech Solaris (website) had to accept a higher loss last year due to increased personnel expenses. The pre-tax loss at the Berlin-based fintech rose by around 24% year-on-year to almost 42 million euros. The company hired 88 new employees and employed 425 people in December 2021. This led…
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Bad News: BNPL-Fintech Klarna Triples Losses In H1 2022!
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After the hype years of 2020 and 2021, BNPL provider Klarna is struggling badly. After the massive down-round and mass layoffs, the Swedish unicorn has to report today a pretty tough first half of 2022. As a result, the operating loss has tripled compared to last year’s period.
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Obscure Fintech Reaches $310 Billion Valuation In GameStop-Like Surge!
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Hong Kong-based AMTD Digital was listed on the Nyse on July 15 for $7.80 per share. In recent weeks, the price has risen to $1,679, representing a market capitalization of more than $310 billion. The shares of the little-known Asian fintech company have soared more than 21,000% since its IPO…