Ben | FinTelegram News

Author: Ben

January 27, 2025

Kraken’s Defense Crumbles: SEC Scores Partial Victory in Court!

A California federal judge rejected Kraken’s “major questions doctrine” defense, marking a significant win for the SEC in its push to regulate the crypto industry under existing securities laws. However, Kraken’s “fair notice” defense will proceed, keeping its legal challenge alive. Kraken is one of the leading U.S. crypto exchanges.

Financial Reports

January 26, 2025

Red Bull Breaks Records with €11.2 Billion Revenue in 2023!

In 2024, Red Bull achieved a record turnover of €11.227 billion, marking a 6.4% increase from the previous year's €10.554 billion. This growth, while the lowest since 2020, was accompanied by a 4.4% rise in global sales, totaling 12.670 billion cans sold. The company's workforce expanded by 2,125 employees, bringing the total to 19,973 by the end of 2024.

FinTelegram

January 22, 2025

Trump’s Crypto Gambit: Ross Ulbricht’s Pardon and the Meme Coin Phenomenon Spark Industry Gratitude and Debate

In an important move fulfilling his campaign promise, President Donald Trump has granted a full and unconditional pardon to Ross Ulbricht, the founder of the Silk Road darknet marketplace. This decision has been met with widespread approval within the cryptocurrency community, which had long advocated for Ulbricht's release, viewing his life sentence as excessively harsh for a non-violent offense.

January 20, 2025

Trump vs. Melania: Meme Coin Showdown Rocks Crypto Market on Inauguration Eve!

Welcome to the crypto presidency. On the eve of Donald Trump's presidential inauguration, the crypto world was rocked by an unprecedented "meme coin war" between the President-elect and his wife, Melania Trump. The $TRUMP coin, launched just days ago, saw its meteoric rise abruptly halted as Melania unexpectedly unveiled her own $MELANIA token, causing a seismic shift in the market.

January 15, 2025

Compliance Analysis Report: Court Order Against Crypto Exchange BitMEX!

The crypto exchange BitMEX has been ordered to pay a $100 million fine for violations of U.S. anti-money laundering (AML) laws. This decision concludes a prolonged legal battle concerning BitMEX's non-compliance with regulatory requirements between 2015 and 2020. This case highlights the growing enforcement actions against crypto platforms that fail to implement adequate AML measures.

January 14, 2025

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.

January 13, 2025

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.

January 10, 2025

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.

December 31, 2024

Nationwide Cybercrime Crackdown in Turkey: Illegal Betting, Fraud, and Data Exploitation Targeted

Turkey has launched a sweeping crackdown on illegal betting, cyber fraud, and data exploitation, arresting 35 suspects across 13 provinces. Orchestrated by the Cyber Crimes Combat Department, the operation dismantled fraudulent rental schemes, fake cryptocurrency apps, and unauthorized data querying services, exposing a financial flow of 3.6 billion Turkish lira.

Illegal gambling

December 29, 2024

Urgent Warning: BC.Game – A High-Risk Crypto Casino Operator!

BC.Game, a crypto casino operator with a history of insolvency and regulatory violations, has been transferred to offshore ownership under Twocent Technology Limited, raising serious red flags. FinTelegram warns all players to avoid this platform and its associated sites, as they operate without legitimate oversight and are banned in multiple jurisdictions.

Wealthy People

December 20, 2024

Peter Thiel, Palantir, and Potential Gains from Trump’s Election Victory!

Peter Thiel, a prominent tech investor and entrepreneur, is best known as a co-founder of PayPal, Palantir Technologies, and Founders Fund. He was also the first outside investor in Facebook. As of late 2024, Thiel's net worth is estimated to range between $3.9 billion and $11.2 billion, depending on valuation sources. His wealth is largely tied to his investments in companies like Palantir Technologies.

December 19, 2024

Curaçao’s Gaming Regulation: A Money Laundering Paradise in the Making?

Curaçao’s recent approval of the National Ordinance on Gambling (LOK) is sparking outrage and fear, with critics dubbing it a “money laundering law.” Financial expert and whistleblower Luigi Faneyte warns that the new regulation could turn Curaçao into a haven for organized crime while undermining the Kingdom of the Netherlands’ international reputation.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.

Prison Update: Sam Bankman-Fried Transferred to Low-Security Federal Prison in Los Angeles!

Sam Bankman-Fried (SBF), the founder of the now-defunct cryptocurrency exchange FTX, has been transferred to the Federal Correctional Institution (FCI) Terminal Island in Los Angeles, California. This low-security facility is known for housing non-violent offenders and has previously held notable inmates such as Ramesh "Sunny" Balwani, former COO of Theranos.