ECB | FinTelegram News

Category: ECB

February 23, 2024

ECB Blasts Bitcoin ETF Mania: A Collision Course with Reality?

In a remarkable divergence from the recent enthusiasm in the U.S., the ECB has issued a stark warning against the burgeoning bitcoin craze, particularly spotlighting the approval of spot exchange-traded funds (ETFs) for Bitcoin by the U.S. SEC. While Bitcoin's value has soared, crossing the $50,000 mark following the SEC's nod to a series of U.S. spot bitcoin ETFs, the ECB remains unimpressed, casting a long shadow of doubt over the cryptocurrency's meteoric rise.

March 15, 2023

Interesting: What’s Behind The Austrian Secret Service And The Eurocity Bank?

Earlier today, we reported that the European Central Bank (ECB) had revoked the license of the BaFin-regulated Eurocity bank. Eurocity or the regulators have yet to make statements. Eurocity had until recently been under the control of Mustafa Sahin, a Turkish national. The interesting thing is that until June 2022, a former top official of the Austrian secret service sat on the bank's Supervisory Board. Here is what we found via the German language blog Wiener Zocker.

BaFin
ECB

March 15, 2023

German Eurocity Lost Its Banking License Without Further Explanation!

Frankfurt-based Eurocity AG (previously Eurocity Bank AG), a financial institution under Turkish-Austrian control, has apparently lost its banking license. A European Central Bank (ECB) spokesman said the institute's license had already been withdrawn in December 2022. This means that the bank can no longer conduct banking business in Germany. On 15 March 2023, the Eurocity website is still accessible. There is no official statement from Eurocity.

November 30, 2022

Interesting! European Central Bank Sees Bitcoin On The Road To Irrelevance!

According to a European Central Bank (ECB) report, the current price of BTC is an artificially induced last gasp before the road to irrelevance. BTC..

March 2, 2022

Wartime! European regulators order closing of the European subsidiary of Russian Sberbank

The Austrian Financial Market Authority (FMA) on the instructions of the European Central Bank (ECB) issued a decision prohibiting the licensed credit institution Sberbank Europe AG. The regulator has appointed a Government Commissioner to supervise the liquidation of the bank. Sberbank Europe AG, s subsidiary of the Russian state-owned Sberbank in Moscow, is a significant institution in the European Single Supervisory Mechanism (SSM) and is directly supervised by the ECB.

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.