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Tag: BitPanda

August 15, 2024

Hype Attention: Crypto Sponsorships Surge as Bull Market Signals Possible Peak!

In a move reminiscent of the last crypto bull market 2020/2021, Crypto.com has signed a high-profile sponsorship deal with UEFA, the governing body of European football. This partnership, which will see Crypto.com prominently featured in UEFA events, mirrors similar recent deals by major crypto platforms, suggesting that the market may be approaching another peak. Crypto investors should be alerted.

Crypto

August 14, 2024

Austrian Crypto Exchange BitPanda’s Sponsorship of AC Milan: A Double-Edged Sword for Investors

The Austrian crypto exchange BitPanda's recent announcement of a strategic partnership with AC Milan, one of Europe's most iconic football clubs, marks yet another instance of a cryptocurrency platform venturing into the world of sports sponsorship. While such high-profile partnerships may lend credibility and visibility to the crypto platform, they also raise critical questions about the underlying motives and the potential risks for investors.

June 21, 2024

Meme Coins: A Game of Chance and Pump-and-Dump Schemes Masquerading as Investment!

In the current crypto bull run, a troubling trend has emerged: more and more crypto exchanges are aggressively promoting the trading of meme coins. These..

Financial Data

May 16, 2024

Austrian Crypto Pioneer Bitpanda Rebounds with Strong Financial Performance!

After a challenging year in 2022, Bitpanda is making a significant comeback, driven by strategic cost-cutting and a recovering crypto market. Bitpanda faced a severe downturn in 2022. The company's turnover plummeted from €500 million to €90 million, resulting in a loss of €116 million. This decline was attributed to an overburdened cost structure and the crypto winter. For 2023, the company reported a pre-tax profit of €13.6 million.

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.

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 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.

Fintech

March 22, 2024

N26 Announces Introduction of Cryptocurrency Trading Service for French Market!

N26, the Berlin-based digital banking platform, has officially announced the launch of its cryptocurrency trading feature, N26 Crypto, targeting its customer base in France. This development signifies N26's effort to enhance the digital banking experience by incorporating the capability for clients to directly engage with cryptocurrency assets through the N26 application. The service is designed to facilitate the trading of over 200 cryptocurrencies in a manner that is both secure and efficient.

Crypto

March 6, 2024

Bitpanda Unveils LeadBlock Bitpanda Ventures to Boost Early-Stage Crypto Startups

The Austrian crypto exchange Bitpanda has announced the launch of LeadBlock Bitpanda Ventures (LBV), a venture fund focused on empowering early-stage and pre-listing startups within the digital assets realm. Under the leadership of Eric Demuth, CEO of Bitpanda, the initiative aims to foster innovation in Europe, targeting the development of middleware, application layers, and user-centric interfaces that are crucial for Web3's widespread adoption.

February 5, 2024

Crypto Exchange Bitpanda Reinforces Executive Team With Compliance Expert!

Bitpanda is one or the bigger European crypto exchanges based in Vienna. It announced a strategic addition to its leadership team, welcoming Philipp Bohrn as the new Managing Director. Bohrn, a compliance expert has been previously serving as Vice President of Regulatory Compliance, AML, and Public Affairs. In his prior roles, he was instrumental in overseeing the regulatory frameworks for the Bitpanda Group.

FinTelegram

January 13, 2024

Crypto Hype Is Back: Bitpanda Enters Into Sponsorship With FC Bayern Munich!

A new crypto hype is imminent. Crypto companies are once again sponsoring prominent football clubs. FC Bayern Munich, the renowned German soccer team, has entered into a multi-year partnership with Austrian crypto service provider Bitpanda. This collaboration marks Bitpanda's emergence as a prominent Platinum Partner and FC Bayern's official crypto trading partner.

Crypto

October 10, 2023

Impressive: Crypto Firm Bitpanda With Imploding Revenues And Dramatic Loss!

The crypto winter is not only affecting the big players, such as Binance or Coinbase. The poor market sentiment has also affected the business figures of the Austrian crypto exchange Bitpanda. The main crypto exchange from the German-speaking region saw its 2022 revenue drop from €477 million to €90 million, with the loss really exploding to €116 million, PayRate42 reports. Valuation slumped from €3.3 billion to €1.3 billion.

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.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.

SEC Charges Market Manipulators in Crackdown on Crypto Asset Fraud

The U.S. SEC has charged three market makers and nine individuals for manipulating the crypto asset market, generating artificial trading volumes and misleading retail investors. The fraudulent schemes created the illusion of active markets, prompting unsuspecting investors to pour money into manipulated crypto assets. The DOJ filed criminal charges against the scheme operators in a parallel transaction.

U.S. DOJ Charges 18 Individuals and Entities in Global Crypto Fraud Crackdown!

The U.S. DOJ has charged 18 individuals and entities in an international operation targeting market manipulation and fraud in the crypto industry. The defendants, including market makers and token promoters, are accused of using wash trading and false trading activity to deceive retail investors and artificially inflate crypto prices. This is the first major criminal case of its kind in the crypto market.