Investor Warnings – Austrian FMA warns against broker scams – illegal payment processors exposed
The Austrian Financial Market Authority FMA has issued a number of investor warnings in recent days. Among them are again scam customers of the notorious Cypriot payment processor Praxis Cashier System Ltd (d/b/a Praxis Cashier and Praxis Pay) of Amit Klatchko. Specifically, the FMA warns against the broker scams Tradixa, GFXRoyal (GFX Finance), HBC Market (HBC Markets), and BSB Global. The FinTelegram Research Team has looked at the special […]
BaFin Issues Cease-and-Desist Order Against Payment Processor Global Data Conduct
Germany’s financial regulatory authority, BaFin, has issued a cease-and-desist order targeting the unauthorized payment processor Global Data Conduct GmbH. It is believed that the intended subject is likely Global Data Conducting GmbH, a registered company based in Cologne, Germany. This firm allegedly played a role in facilitating the now-defunct broker scam TradesFX by accepting wire […]
The end of an era – Cybercrime Payment Processor GPay officially wound up
While Gal Barak today, August 26, 2020, has another day of proceedings in the Vienna Cybercrime Trials, the forced liquidation of GPay, which had already been ordered by the UK High Court on June 23, 2020, was registered at Companies House. In the public interest based on the investigations of the UK Insolvency Service. A formal act but one […]
Vienna Cybercrime Trials – Strange Confession and Mysterious Death of Key Witness
Gal Barak, the Israeli national accused of heading the cybercriminal enterprise E&G Bulgaria, appeared once again before a Vienna court. He faces allegations of running several fraudulent broker operations, involving investment scams and money laundering. Barak expressed disbelief over the accusations, telling the court he doesn’t understand why he is being singled out when many […]
Binary Options Legacy – SEC obtains judgement against LBinary and Ivory Option scammers
On October 9, 2019, the U.S. Securities and Exchange Commission (SEC) filed charges against two Israeli nationals, Anton Senderov (35) and Lior Babazara, also known as Lior Bar (38), for orchestrating a fraudulent scheme that impacted over 2,800 American investors and resulted in losses exceeding $5 million. The scam was carried out through two binary […]
The Future of Payments: Fast, Fluid, and Frictionless
y Dan Jeffries | Originally for CoinDesk’s Payments Week For over a decade, crypto has been pitched as the future of finance. Yet, despite endless headlines predicting its mainstream breakout, most people still see it as speculative or clunky. Why? Because crypto hasn’t yet delivered the one thing every breakthrough technology must offer: a compelling […]
Edward Snowden Revealed as Key Contributor to Zcash’s Privacy Foundation
Edward Snowden, the former NSA contractor who became a global symbol of digital privacy after exposing mass surveillance practices, has now been revealed as a crucial participant in the creation of the privacy-centric cryptocurrency Zcash (ZEC). Snowden took part under the alias “John Dobbertin” in Zcash’s original 2016 “trusted setup” — a cryptographic ceremony foundational […]
Democrats Threaten Lawsuits, Join Protests Ahead of Trump Memecoin Dinner
Democratic lawmakers went through a flurry of actions to highlight concerns that Donald Trump’s memecoin dinner is “corrupt.” What to know: Democratic lawmakers continued stating their concerns that Donald Trump’s memecoin dinner highlighted his crypto ventures’ corruption ahead of the event at the Trump National Golf Club near Washington, D.C. on Thursday night. A lack […]
XRP May Surge to $8 as Traders Rotate Into Leading Altcoins Following Bitcoin’s Historic Rally
As Bitcoin stabilizes near its recent record highs, market participants are shifting their attention to top-tier altcoins like XRP and Solana (SOL), eyeing fresh opportunities for gains. Key Highlights: Bitcoin hit new all-time highs earlier this week, driven by rising institutional interest and a more transparent regulatory backdrop. Traders are increasingly optimistic about XRP […]
Tennessee Lawmakers Propose Bill to Permit State Investment in Crypto and NFTs
A new bipartisan proposal in Tennessee could pave the way for the state—and its local governments—to invest in cryptocurrencies and non-fungible tokens (NFTs). House Bill 2644, jointly introduced by Representative Jason Powell (D-Nashville) and Senator Paul Bailey (R-Sparta), was submitted to the Tennessee House on February 2 and is now under consideration by the Finance, […]