Author: Allessandro

Crypto dump on Dec 10 2024I
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December 10, 2024

Investor Briefing: Largest Crypto-Sell Off in Recent Crypto History!

On Dec 10, 2023, the cryptocurrency market experienced a massive sell-off, resulting in $735 million in liquidations within a single hour—one of the largest in recent crypto history. Bitcoin led the liquidations with $283 million, followed by Ethereum at $168 million, with various altcoins also affected. This event highlighted the volatile nature of crypto markets and the risks of leveraged trading.
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US trial against Serbian boiler room operators and binary options fraudstersA
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December 13, 2023

Another Crypto Indictment: US Prosecutors Charged Two Men for Operating $25M Crypto Ponzi Scheme!

The U.S. Department of Justice announced that a new superseding indictment had been unsealed, charging an Australian national and a California resident in a crypto Ponzi scheme, leading to over $25 million in victim losses. David Gilbert Saffron, 51, from Australia, and Vincent Anthony Mazzotta Jr., 52, from Los Angeles, are accused of orchestrating a fraudulent operation, luring investors into various trading programs.
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Bitcoin may or may not pull back!S
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November 16, 2023

Soaring Crypto Prices May Or May Not Pull Back Significantly!

The recent upward trend in cryptocurrency prices, particularly Bitcoin, has been driven by a combination of factors. These include speculation about the approval of a Spot Bitcoin Exchange-Traded Fund (ETF) and anticipation surrounding the Consumer Price Index (CPI) report. The price of Bitcoin surged by 40% to reach $37,000, influenced heavily by these factors​​​​.
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wework bankruptcy rumoursC
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November 1, 2023

Co-Working Space Provider WeWork Allegedly Prepares For Bankruptcy!

The public-listed co-working space provider WeWork is reportedly preparing to file for Chapter 11 bankruptcy amidst significant debts and substantial losses. After the Wall Street Journal broke the news, the company's shares plummeted 35%, marking a staggering 96% drop this year. The potential bankruptcy filing is said to be in New Jersey, as confirmed by Reuters, citing informed sources.
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Bank of China subsidiary BOCI issues tokenized securityI
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June 12, 2023

Interesting: Bank Of China Subsidiary BOCI Issued First Tokenized Security In Hong Kong!

BOCI, a wholly-owned subsidiary of the Bank of China has successfully issued CNH 200 million fully digital structured notes, making it the first Chinese financial..
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Twitter valued at $20 billionE
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March 26, 2023

Elon Musk Values Twitter AT $20 Billion In Employee Stock Option Offering!

Allegedly, Elon Musk offered Twitter employees stock grants at a $20 billion valuation, less than half the $44 billion Musk paid for the social media platform last year. This would, in theory, offer a significant upside if the company’s value recovers. However, Twitter will generate less than $3 billion in revenue this year. Considering Twitter’s $13 billion in debt, the $20 billion valuation implies a multiple of 11 times this year’s revenue to an implied enterprise value of $33 billion.
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Black Banx founder Michael Gastauer in a TikTok videoE
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July 7, 2022

Entertaining TikTok Video On The Self-Proclaimed FinTech Billionaire Michael Gastauer!

The German Michael Gastauer is the founder of Black Banx and mastermind of a high-risk payment processor network. In April 2022, the U.S. SEC obtained a final judgment against Gastauer. He was ordered to pay over $17 million for facilitating in international fraud scheme. Gastauer is a public person and loves to present himself as a Fintech billionaire while providing no evidence for this claim. TikTok users have started to present Gastauer's public life in a mini-series on TikTok. Have fun:
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MicroStrategy faced margin call for its BTC loanC
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June 14, 2022

Crypto Collapse! MicroStrategy Shares Crashed Amid Fears Of Margin Call!

The MicroStrategy founder and CEO, Michael Saylor, is a merciless bitcoin apologetic and strategically focused his company on bitcoin two years ago. He even borrowed $205 million to buy even more BTC. MicroStrategy’s bitcoin holdings were worth $5.9 billion in March 2022. The company may need to post additional collateral for a loan as the Bitcoin price continues to go south. The MicroStrategy stock crashed 25% to $152.15 and has lost more than 70% of its value this year.
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Coinbase extends hiring freezeC
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June 3, 2022

Crypto Exchange Coinbase Extends Hiring Freeze!

Two weeks ago, the Nasdaq-listed crypto exchange Coinbase paused hiring in an effort to slow its headcount growth amid the dawning fintech & crypto crisis. In one of its latest blog posts on 2 June 2022, Coinbase said that it will extend the hiring pause for the foreseeable future and will rescind a number of outstanding offers for people who have not started yet. The move followed a worse-than-expected first-quarter report and is in line with a wider wave of layoffs and hiring freezes in the cryptocurrency space.
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Crowd1 scheme and legal entitiesR
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October 3, 2020

Request 4 Information – MLM Scheme Crowd1, Billionaires Club, and its regulatory issues

In recent months, the MLM scheme Crowd1 has apparently become the focus of the attention of various financial market supervisory authorities. Especially the regulators in Africa, Asia, and the Pacific region have issued warnings against the alleged Ponzi scheme, which is active in the gaming and financial services. The Scheme is allegedly operated by entities in Sweden, Spain, and Dubai. There is currently no reliable information about the beneficial owners.
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