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Crypto

March 9, 2023

Crypto On Fire: Gemini Denies Rumors About Ended Relationship With JPMorgan!

Banking is becoming more difficult in the U.S. for crypto schemes. After Silvergate announced its voluntary liquidation, CoinDesk reported this morning that U.S. banking giant JPMorgan plans to end its banking relationship with crypto exchange Gemini owned by Winklevoss Twins, Cameron and Tyler. Back in early 2020, JPMorgan took on Gemini and Coinbase as customers. Gemini immediately denied the CoinDesk report on Twitter.

Crypto

February 2, 2023

Interesting Interview: AI-Based Crypto Predictions For The Coming Years!

Over the past few weeks, the crypto segment has rebounded after a disastrous 2022, which saw the implosion of crypto prices due to the collapse of the large crypto schemes Luna/Terra, Three Arrows Capital (3AC), Celsius, Voyager, and FTX. The Bitcoin price has increased by about 50% from $15,800 to $23,800 since November 2022. Is this just a brief flare-up or the beginning of a new cycle? We asked ChatGPT about the prevailing analyst opinion and received the following response.

November 23, 2022

Crypto Contagion: Troubled Crypto Lender Genesis, Barry Silbert, And The Web Of Loans!

Genesis Global Capital, the troubled crypto lender, has hired the investment bank Moelis & Company to explore options, including a potential bankruptcy, the New York Times reports. Insiders told the NYT that no final decisions had been made and that it was still possible for the company to avert a bankruptcy filing. Genesis was a trading partner with FTX and said that $175 million of its assets were stuck at FTX when the exchange froze accounts shortly before filing for bankruptcy this month.

November 18, 2022

Crypto Contagion Spreads Spreads With BlockFi Liquidity Crisis And GTBC Price Collapse!

There is currently sentiment on Twitter against the next crash candidate in the crypto space. Grayscale Bitcoin Trust (GBTC), the world’s largest cryptocurrency fund, has become caught up in the FTX crypto aftermath. The share price of the $10.5bn GBTC, which owns 3.5% of the world’s bitcoin, has plummeted to a 39% discount to the NAV. Troubled crypto lender BlockFi, GBTC's second-largest shareholder, allegedly prepares for bankruptcy!

November 15, 2022

Will Crypto Become The Next Binary Options-Like Regulator Disaster?

In 2008, the Bitcoin white paper was published by unknown individuals and implemented in its initial release in 2009. In this period, we also see the birth of the binary options industry. The infamous Banc de Binary was founded by Oran Laurent at the time and lasted until 2017 before it had to close due to legal and regulatory issues. As of 2017, Binary Options were banned in most regulatory regimes due to their susceptibility to fraud. After the crypto debacles of 2022, does the Bitcoin industry face a similar fate? Here are our thoughts on the matter.

November 11, 2022

The FTX Collapse, BlockFi, And The Next Crypto Bank Run, And Jail Time!

After it was announced a few days ago that Sam Bankman-Fried's crypto exchange FTX has massive liquidity problems, the crypto scene was shocked. This was completely unexpected. Binance has canceled a briefly considered acquisition. Reportedly, up to $10 billion are missing. Now BlockFi, a crypto platform affiliated with the FTX group, has announced the suspension of withdrawals. BlockFi was impacted by the Terra-Luna collapse earlier this year and has been rescued by the FTX group.

September 27, 2022

FTX US Wins Bid For Assets Of Bankrupt Crypto Lender Voyager!

FTX US, part of the FTX Group of Sam Bankman-Fried, has won the auction for the assets of the bankrupt crypto lender Voyager Digital in a bid valued at about $1.42 billion. However, the Voyager claims against hedge fund Three Arrows Capital (3AC) will remain with the bankruptcy estate, distributing any available recovery on such claims to the estate's creditors. Voyager issued a notice of default for failing to make required payments on a loan of 15,250 bitcoin.

September 15, 2022

Expected! Arrest Warrant for Terra Co-Founder Do Kwon!

A court in South Korea issued an arrest warrant for the Terraform Labs founder Do Kwon. The warrant follows the collapse of the $40 billion Terra ecosystem and its algorithmic stablecoin (UST), which was the first domino to fall in this year's crypto winter. The warrant included five additional individuals, Bloomberg News reported. They are charged with violating the Capital Markets Act, the report said.

September 9, 2022

Crypto Exchange KuCoin Or Would You Trust An CEO Posing As An Monkey On Social Media?

Established in 2017, KuCoin is one of the largest crypto exchanges worldwide, with more than 11 million customers. In an interview with Forbes in June 2022, its CEO Johnny Lyu said that they raised $20 million from IDG Capital and Matrix Partners. On Trustpilot, KuCoin has a Poor trust level with only 1.8 stars. Early Sept 2022, the Spanish regulator CNMV warned against the exchange. Its CEO presents himself as a sort of ape on social media. Would you really trust those guys? We wouldn't!

August 24, 2022

Singapore Court Grants Three Arrows Liquidator Access To Local Data!

Teneo, the court-appointed liquidator of collapsed crypto hedge fund Three Arrows Capital (3AC), secured a key court decision in Singapore that may give them greater insight into the collapsed crypto hedge fund’s remaining assets in a major jurisdiction. Being a foreign entity, Teneo lacked the legal basis to request access to any financial records the fund kept in Singapore. With the petition granted, Teneo can investigate what 3AC assets are held in Singapore.

August 18, 2022

Troubled Crypto Broker Genesis Loses CEO And Fires 20% Of Its Workforce.

The New York-based digital asset brokerage and crypto lender Genesis Global Trading Inc. (www.genesistrading.com) announced that CEO Michael Moro is stepping down. Genesis COO Derar Islim will take over as interim CEO. Furthermore, WSJ reports that the company plans to fire 20% of its workforce. During the 2021 crypto bull run, the company's loan originations surged more than sevenfold to $131 billion, and the company increased its headcount by 22% to 260. A cut of 20% equates to the loss of about 52 jobs.

Crypto

July 21, 2022

Coinbase Shares Jump After Announcement Of Non-Exposure To Collapsed Crypto Schemes

Coinbase “had no financing exposure” to collapsed crypto schemes Celsius Network, Three Arrows Capital (3AC), and Voyager Digital, the company said in a blog post. Each firm filed for bankruptcy protection after the Terra-Luna implosion set off a cascade of liquidations in highly leveraged positions. Coinbase shares climbed more than 14% following the statement. The company’s stock has plunged roughly 70% since the start of 2022.

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.