Cryptonomics | FinTelegram News

Category: Cryptonomics

Cryptonomics

June 30, 2022

The High-Risk Bet Of Crypto Lending Giant Celsius!

The five-year-old crypto lending giant Celsius Network LLC is one of the highest-profile crypto firms fighting for survival amid the Crypto Winter environment. On 12 June 2022, the company froze all withdrawals. Last week, rival lender BlockFi said it had struck a deal for a $250 million line of credit from a crypto exchange amid concerns by its own depositors. Financial services titan Goldman Sachs is reportedly raising $2 billion to purchase discounted assets from Celsius.

June 30, 2022

Crypto Debacle – Court Orders Liquidation Of Crypto Hedge Fund Three Arrows Capital!

A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd (3AC). after creditors sued the crypto hedge fund for failure to repay debts, WSJ reports. Three Arrows Capital suffered losses in recent weeks due to collapsing crypto prices. Bitcoin’s dollar value has fallen by more than a third this month. Former Wall Street traders Zhu Su and Kyle Davies started the crypto hedge fund nearly a decade ago. It had roughly $3 billion in assets under management in April, just before crypto markets cratered.

June 18, 2022

Crypto Winter Continues – Bitcoin Price Below $20,000 Resulting In Margin Calls!

The crypto bloodbath continues. Bitcoin fell as low as $18,739.50 and stayed below $20,000 on Saturday, according to CryptoCompare, losing 72% of its value from its high in November 2021. Concerns about the Federal Reserve’s actions to tame higher-than-expected inflation have pushed both stocks and cryptocurrencies into a bear market. Big names in the industry, including Coinbase or Crypto.com, have recently announced job cuts. Analysts see $14,000 as a realistic scenario for the leading cryptocurrency. Crypto Winter is the new reality!

June 15, 2022

Bitcoin Investor MicroStrategy Has Not Yet Received Margin Calls!

Nasdaq-listed business intelligence firm MicroStrategy of Michael Saylor had invested nearly $4 billion to buy 129,218 BTC according to SEC filings in March 2022. The firm borrowed $205 million in a three-year loan from crypto-focused bank Silvergate in March to buy more BTC and used 19,466 Bitcoins to secure the loan. As the BTC prices continue to crash, rumors said that MicroStrategy could be faced with margin calls against the loan. However, they said that they did not receive a margin call.

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.

June 9, 2022

FinTech CEO Anne Boden Calls Crypto A Threat To Our Financial System!

Anne Boden, founder and CEO of the Goldman Sachs-backed UK FinTech Starling Bank has doubled down on criticisms of crypto, calling digital currencies a threat to the safety of payment infrastructure. Cryptocurrencies are a threat to the safety of our payment schemes and very dangerous, she said at the Money 20/20 fintech conference in Amsterdam. Starling Bank offers fee-free checking accounts and loans through an app. The firm was last privately valued at $3.1 billion and counts the likes of Goldman and Fidelity as investors.

April 12, 2022

Russian-owned Staern Limited surrenders Maltese crypto license!

Some €60 billion in crypto moved through Malta after it first announced itself as the "blockchain island." One of the crypto ventures that moved to the crypto island was Staern Limited, registered in Malta in May 2020. The company was awarded a Virtual Financial Asset (VFA) license by the MFSA soon after. However, the “blockchain island” became a disaster. Staern has now surrendered its license. The sole shareholder of Staern is the Russian Khetag Albegov.

March 19, 2022

Interesting! Troubled state-owned Russian Sberbank bets on crypto!

Early March 2022, the ECB decided to close down Sberbank Europe AG, a subsidiary of state-owned Russian Sberbank, with its headquarters in Vienna, Austria. In total, the deposit guarantee scheme in Austria expects to pay out a total of EUR 947 million. Amid the Western sanctions against Russia's financial industry, the Central Bank of Russia (CBR) has granted Sberbank a license to issue and exchange digital assets. Crypto may be the last resort for the Russian financial industry.

February 17, 2022

The Chinese Crypto Invasion in the UK?

In September 2021, the People's Bank of China declared virtual currency-related business activities as illegal financial activities and warned that it seriously endangers the safety of people's assets. China's government banned crypto trading and mining in one of the world's most remarkable crackdowns on crypto. In parallel with the Chinese crypto ban, the number of companies being set up by Chinese in the UK exploded, as a statistic by Graham Barrow shows.

Cryptonomics

February 11, 2022

The Great Reset – Disputed crypto exchange Binance invests $200M in Forbes!

That's at least strange! The leading but highly disputed crypto exchange Binance will make a $200 million investment in Forbes, the media company announces, as it prepares to go public via a SPAC. This transaction is reminiscent of the New Economy in 2000 when the Internet company AOL acquired the Time Warner media group. It was a sign to many that the old economy was being taken over by the Internet and tech companies. Now crypto is taking on the world!

Cryptonomics

January 29, 2022

Welcome to Bitcoin evangelists, anti-vaxxers, and Covid-19 conspiracy theories!

We do not have statistical data on this topic; however, observations allow us to conclude. In the crypto scene on Twitter and social media, the percentage of explicit Covid-19 conspiracy theorists and anti-vaccinationists is disproportionately high. Ironically, the creation of Bitcoin itself by an individual or individuals under the name Satoshi Nakamoto is also prone to conspiracy theories. Dutch crypto analyst PlanB has earned 1.7 million followers through his S2F BTC price model and his Covid-19 conspiracy theories.

January 21, 2022

Finally! Uk regulator plans an end to the crypto advertising tsunami!

In an announcement, the UK Financial Conduct Authority (FCA) said it plans to restrict crypto ads in response to concerns about the ease and speed of high-risk investments decisions. These restrictions would be in line with a Consumer Investment Strategy published last year. The FCA would require firms that approve and communicate financial marketing to have relevant expertise and understanding of the investments being offered. Risk warnings on ads have to be improved; incentives and bonuses for new investments and referrals will be banned.

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.