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Attention: The MoonPay Acquisition of Helio May Trigger a Merger and Take-Over Wave in the Crypto Space.
MoonPay, a leading U.S. crypto payments platform focused on high-risk sectors, has acquired Helio, a Solana-based blockchain payment processor, for $175 million, marking the start of what could be a series of strategic mergers in the digital asset space. This acquisition, MoonPay’s largest to date, aims to enhance its payment infrastructure and expand its services in the rapidly evolving cryptocurrency payments sector.
Latest Updates
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Gemini Trust Slapped with $5 Million Penalty for Misleading CFTC
The U.S. Commodity Futures Trading Commission (CFTC) has issued a $5 million fine to Gemini Trust Company LLC for making false or misleading statements during a 2017 bitcoin futures contract certification process. The order stems from the CFTC’s July 2, 2022, complaint against Gemini Trust. The case highlights the importance of truthfulness in regulatory disclosures.
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Crypto Fraud Unveiled: Mosaic Exchange and CEO Hit with $1.1M Penalty for Crypto Scheme
The U.S. Commodity Futures Trading Commission (CFTC) has secured a $1.1M judgment against Mosaic Exchange Ltd. and its CEO, Sean Michael, for running a fraudulent digital asset scheme that targeted 18 victims globally. The judgment exposes their misuse of funds, false profit claims, and deceptive practices. The orders stem from the CFTC’s three-count fraud complaint filed Sept. 26, 2023.
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Investor Briefing: The Bear in Crypto Town – Potential Crypto Sector Crash Analysis
The crypto market has entered a period of heightened volatility and uncertainty in recent weeks. Despite a brief recovery at the beginning of this week, the overall trend remains bearish, with Bitcoin and other major cryptocurrencies experiencing significant price fluctuations. As the Fed has been warned of a looming crisis, bitcoin and crypto traders are nervously watching for whether the combined crypto market will drop below the key $3.2 trillion level.
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The Clock is Ticking for TikTok: Can the App Dodge a U.S. Ban?
The US is edging closer to a definitive ban on TikTok, the Chinese-owned social media app that has dominated global digital culture. Despite a surprising show of goodwill from incoming President Donald Trump, the odds on prediction markets like Polymarket suggest a 67% likelihood of a ban before May 2025. This looming threat raises urgent questions.
Payment Processors
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Attention: Serious Claim Against Illegal Gambling Schemes in Curacao and Malta!
FinTelegram has received a detailed complaint from a Portuguese player against Slott Casino and its affiliated companies. This report analyzes the complaint and provides context regarding issues similar to those of other Curaçao-based casino operators. We thank the complainant for submitting the complaint and will report on it. Here is a first analysis. We also ask other players to submit complaints.
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Urgent Warning Against Illegal Online Casino Betsolino and its Payment Facilitators!
We recently found an interesting review on LinkedIn about the apparently illegal online casino Betsolino, published by Digital Marketing Strategist Michael Schmitt. According to the review, Betsolino has been identified as an illegal operation. Therefore, we looked at Betsolino and its payment processors. We discovered red flags and issued an urgent warning.
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Urgent Warning: Avoid the Illegal Wazamba Casino With Cyprus Payment Agent Mirata Services!
FinTelegram issues a strong warning against the illegally and anonymously operating Wazamba casino. This fraudulent platform, formerly associated with the now-insolvent Rabidi Group, is currently operating without any legitimate license and under complete anonymity. The website does not disclose any information about its operator, making it a risky and unreliable environment for players.
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Breaking: BR Investigation Uncovers Wirecard and SoftSwiss Ties in Illegal Gambling Schemes!
A deep-dive investigation by Bavarian broadcaster BR has exposed significant connections between the collapsed Wirecard and Berlin-based SoftSwiss, run by Belarussian national Ivan Montik. The report, part of BR's Gambling without Rules series, highlights SoftSwiss' extensive role in operating illegal online casinos targeting Germany.
Cybercrime Court Cases
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Turkish Influencer Arrested for Alleged Illegal Gambling Promotion
The Turkish authorities have been taking very aggressive action against illegal gambling for several months now. Kerimcan Durmaz, a prominent Turkish social media influencer and DJ with 4 million followers, has been arrested in Istanbul as part of a broader investigation into illegal gambling promotions involving celebrities and influencers.
Regulatory Updates
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Regulatory Crackdown on Polymarket: Illegal Gambling or What?
Polymarket, the crypto-based prediction market platform, is facing increasing regulatory scrutiny across multiple jurisdictions. The Gambling Regulatory Authority of Singapore has taken a firm stance against Polymarket, officially blocking access to the platform within the country This report analyzes the recent developments and their implications for the platform's future operations.
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Whistleblower Appeal: Join FinTelegram in the Fight Against Illegal Gambling and Money Laundering!
Illegal gambling and money laundering are not just crimes—they are betrayals of trust, exploiting vulnerable individuals and undermining the integrity of our financial systems. FinTelegram has been at the forefront of exposing these corrupt activities, but we need your help to bring the full extent of these schemes to light.
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Novo Banco Scandal: Fired Risk Boss Sparks Money Laundering Investigation
Portugal's Novo Banco faces a storm as its former Chief Risk Officer, Carlos Brandão, is under investigation for alleged money laundering, tax fraud, and forgery. Despite the scandal, CEO Mark Bourke insists the bank’s operations remain unaffected and continues to push towards its strategic goals, including a potential IPO.
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