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Category: Broker

May 5, 2024

Bitpanda Pro Appoints Former JPMorgan Executive to Spearhead European Expansion

The Austrian crypto unicorn Bitpanda has appointed Joshua Barraclough, a former JPMorgan executive, as the new CEO of its digital assets exchange, Bitpanda Pro. The announcement marks an important step in the crypto exchange's aim to enhance its offerings for experienced traders and institutional clients. Barraclough brings a wealth of experience from his tenure as co-head of digital innovation at JPMorgan in London.

May 3, 2024

Coinbase Surpasses Revenue Expectations in Q1 Following Bitcoin Price Surge!

In a recent financial disclosure, Coinbase, the largest crypto exchange in the U.S., reported a significant revenue beat for the first quarter, surpassing analyst expectations. The company announced revenue figures reaching $1.64 billion, well ahead of the anticipated $1.34 billion. This increase comes amid a robust rally in Bitcoin, which substantially boosted the company’s profitability.

April 28, 2024

Coinbase’s Legal Battle with SEC Represents 52 Million U.S. Crypto Traders, Says its CLO Paul Grewal!

Coinbase, the leading U.S. crypto exchange, is embroiled in a significant legal battle with the U.S. Securities and Exchange Commission (SEC). According to Coinbase's Chief Legal Officer (CLO) Paul Grewal, this dispute represents not just a legal challenge but a pivotal moment for the 52 million Americans who own crypto Among other things, the SEC accuses Coinbase of enabling trading in security tokens on its platform without proper registration.

April 26, 2024

Against SEC Crypto Power Grap: MetaMask Developer Consensys Files Complaint Against SEC And Its Chair!

In the U.S., Consensys Software, the blockchain and web3 company behind the well-known MetaMask Wallet, has initiated a legal battle against the U.S. Securities and Exchange Commission (SEC), challenging the agency's approach to Ethereum. The lawsuit questions the SEC’s authority to classify ether as a security. Under its Chair, Gary Gensler, the SEC applied a "regulation by enforcement" approach and continues to insist on the decade-old Howey Test.

Crypto

April 15, 2024

Bitpanda and LBBW Forge Partnership to Enhance Crypto Solutions for Corporate Clients

The regulated Austrian crypto exchange operator and custodian Bitpanda announced that it has entered into a strategic partnership with Landesbank Baden-Württemberg (LBBW), the largest state-backed bank in Germany, to deliver advanced cryptocurrency solutions for corporate clients. This collaboration utilizes Bitpanda's "Investment-as-a-Service" (IaaS) infrastructure, aiming to provide secure cryptocurrency custody and procurement services.

April 14, 2024

Crypto Crash: The Arriving Bitcoin Halving And A Highly Nervous Market!

On the night of April 13/14, crypto prices underwent a sharp correction, continuing the trend of the previous days. There is nervousness surrounding the Bitcoin halving. The estimated time of Bitcoin’s fourth halving is expected to happen around April 20, with the block subsidy dropping from 6.25 BTC to 3.125 BTC. However, the recent crypto crash appears to have been influenced by a combination of factors, reflecting the complex interplay of market dynamics and external economic indicators.

April 13, 2024

Coinbase Challenges SEC’s Overreach in Crypto Regulation with Strategic Appeal to Higher Court

Amidst the ongoing crypto bull run, Coinbase, one of the United States' leading crypto exchanges, is escalating its battle against the U.S. Securities and Exchange Commission (SEC) by appealing to the U.S. Court of Appeals for the Second Circuit. This move highlights the ongoing contention over the SEC's approach to regulating digital asset transactions, particularly its application of the Howey test to cryptocurrency trades on the secondary market.

April 12, 2024

Bitpanda Financial Services GmbH Secures Enhanced License Under Austria’s New Securities Trading Act”

Bitpanda Financial Services GmbH, a subsidiary of the Austria-based crypto exchange operator Bitpanda, has been granted an extended license by the Financial Market Authority (FMA) under the updated Austrian Securities Trading Act (WpFG). This extension positions Bitpanda among the pioneering investment firms that can navigate and comply with the stringent requirements introduced by the new legislative framework.

April 11, 2024

Uniswap Braces for SEC Legal Challenge: A DeFi Sector Standoff

Uniswap, a cornerstone of decentralized finance (DeFi), has been served a Wells notice by the U.S. Securities and Exchange Commission (SEC), signaling impending enforcement actions. This marks a significant moment in the ongoing regulatory scrutiny faced by the DeFi industry. Uniswap CEO Hayden Adams has voiced his determination to contest the SEC's position, saying "I think freedom is worth fighting for. I think DeFi is worth fighting for."

April 8, 2024

Attention: Spanish Financial Watchdog CNMV Issued Warning Against PO Trade!

FinTelegram has already issued several warnings against the offshore broker PO Trade, which is included on our Red Compliance List. PO Trade and PocketOption are the trading names of this offshore broker scheme which has legal entities in various offshore jurisdictions such as Marshall Islands or St. Lucia. We recently published a report on fake reviews of PocketOption on Trustpilot. The Spanish CNMV issued a warning against PO Trade on April 8, 2024.

March 29, 2024

Financial Intelligence Report: Overview of Regulatory Developments in MSBs and Crypto Assets

This report provides a comprehensive analysis of the regulatory landscape concerning Money Services Businesses (MSBs) and Crypto Asset Service Providers (CASP) across various jurisdictions, including Canada, the European Union (EU), and the United Kingdom (UK). It highlights the key regulatory frameworks, the role of supervisory bodies, and the implications for businesses operating in the traditional and digital financial sectors. The report also examines the forthcoming Markets in Crypto-Assets (MiCA) regulation in the EU and its potential impact on the crypto market within member states.

March 28, 2024

Crypto Regulation: SEC’s Legal Challenge Against Coinbase Proceeds, Federal Judge Decides

In a (sort of) pivotal development for the crypto industry, a federal judge in Manhattan has ruled that the lawsuit brought by the U.S. SEC against U.S. crypto exchange Coinbase will proceed, albeit with one of the SEC's claims being dismissed. The decision underscores the legal complexities surrounding the regulation of digital assets and marks a significant moment in the SEC's ongoing efforts to enforce securities laws within the crypto sector.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

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.