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Category: FX Retail

FX Retail

March 18, 2022

The Forbes Top 10 Crypto Exchanges

Forbes has been closely associated with the world's largest crypto exchange, Binance, for at least a couple of weeks. FinTelegram reported that Binance had invested $200 million in preparing the Forbes listing on the NYSE. The investment made the crypto exchange the second-largest shareholder of the online business publication. In its new Top 10 ranking of crypto exchanges, Forbes ranked Binance as #6. Coinbase, Kraken and Robinhood lead the ranking.

August 1, 2021

Initial Review – Israeli crypto exchange INX and its binary options and crypto legacy

In April 2021, the Israeli INX Group closed its IPO with $83.6 million in gross proceeds from over 7,300 retail and institutional investors. 92.9M INX Tokens were sold in the IPO for $0.90. The first SEC-registered security tokens offering in the U.S. INX acquired I.L.S Brokers and Openfinance and recently launched its INX Securities crypto trading platform and approved the listing of its own INX Token. INX co-founder Shy Datika is a binary options veteran and used to run Anyoption until he sold the binary options scheme to notorious Israeli crypto activist Moshe Hogeg.

July 3, 2019

Good news: FCA considers a ban of crypto-CFDs for retail investors

In a recently published document, titled “Restricting contract for difference products sold to retail clients,” the FCA revealed that the regulator will soon publish a..

May 12, 2019

Weekly Crypto Note – The New Crypto Bull Cycle Takes Off

Good news for all crypto investors and friends of cryptoassets. The crypto winter should be finally gone us after the week behind us. The crypto..

April 18, 2019

Weekly Crypto Note – Crypto Winter May Come To An End

In December 2017, the Bitcoin price scratched the $20,000 mark. The ICO hype was at its peak and produced a huge amount of new cryptocurrencies...

How U.S. Law Enforcement Infiltrated The International Crypto Scene!

In an unprecedented move, the FBI infiltrated the crypto world with its own token, NexFundAI, to crack down on market manipulation. This case marks a significant shift in crypto enforcement, signaling that law enforcement is evolving its tactics to keep pace with the complexities of the digital asset space. As more fraudsters are exposed, the crackdown on wash trades and pump-and-dump schemes is just beginning.

Breaking: German Co-Founder of Crypto Fraud Scheme USI Tech On The Run!

USI Tech was one of the first MLM schemes to use cryptocurrencies to defraud its investors. FinTelegram has issued several warnings aginst the scheme. Horst Jicha has now gone fugitive, leaving behind a trail of defrauded investors and evading justice in the $150 million USI Tech fraud case. With Jicha on the run, the case serves as a chilling reminder of the risks in the volatile crypto world.

Binance Chief Financial Crime Compliance Officer Denied Bail in Nigerian Case!

Think twice before starting to work for the world's larger crypto exchange. As Binance’s financial crime compliance officer faces money laundering charges in Nigeria, questions mount over the company’s compliance safeguards and the risks involved in its global operations. The denial of bail for Tigran Gambaryan and the ongoing legal battle could have far-reaching implications for the company’s future.

Fintech

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.