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Tag: HODLtech

July 21, 2022

Breaking News! HODLtech Forced To Renounce Its Crypto License Over Money-Laundering Issues!

The FIU announced that during a supervision systematic weaknesses in the activities of Hodltech OÜ d/b/a HODLtech (www.hodltech.eu) have been exposed. Consequently, the company's crypto license would have been declared invalid after the proceedings. However, Hodltech OÜ renounced its activity license to avoid revocation via FIU. The company did not fulfill the obligation of notification about the suspicion of money laundering and terrorist financing.

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June 26, 2022

Introducing Secretive $10B Crypto Payment Processor CoinPayments With New Lithuanian Entity!

CoinPayments is a pioneering crypto payments processor founded in 2013 by Alex Alexandrov and Jason Butcher in Caymen Islands. The operators used to be CoinPayments Inc. in Caymen Islands and the Estonian HODLtech OÜ. CoinPayments informed that effective 15 June 2022 it is providing its crypto payment services jointly with Venture Star UAB in Lithuania, replacing Estonian HODLtech OÜ of its former CEO Jason Butcher. HODLtech OÜ lost its license a few days ago! Venture Star would be authorized to provide virtual currency deposit wallet and exchange services.

Crypto Titan CZ Pivots: Binance Founder’s $37 Billion Family Office YZi Labs Bets Big on AI and Web3!

Changpeng "CZ" Zhao, the crypto billionaire behind Binance, is making waves in the investment world with his latest move. Following his departure as CEO of Binance, CZ has transformed his venture capital arm, Binance Labs, into a formidable family office. This strategic shift allows him to manage his vast personal wealth, estimated at $37 billion, while maintaining his influence in the tech and finance sectors.

The Arrest of René Benko: Austria’s Former Real Estate Titan Falls!

In a dramatic turn of events, Austrian real estate tycoon René Benko, once hailed as the mastermind behind the sprawling Signa Group empire, was arrested Thursday morning at his opulent Tyrolean villa. The Austrian Office of the Public Prosecutor for Economic Affairs and Corruption (WKStA) executed the arrest, citing risks of evidence tampering and the potential for further crimes.

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Trump’s Crypto Gambit: Ross Ulbricht’s Pardon and the Meme Coin Phenomenon Spark Industry Gratitude and Debate

In an important move fulfilling his campaign promise, President Donald Trump has granted a full and unconditional pardon to Ross Ulbricht, the founder of the Silk Road darknet marketplace. This decision has been met with widespread approval within the cryptocurrency community, which had long advocated for Ulbricht's release, viewing his life sentence as excessively harsh for a non-violent offense.

Freedom Restored: Ross Ulbricht Pardoned by President Trump in a Landmark Victory for the Crypto Revolution!

In a much-appreciated decision that has resonated positively throughout the crypto community, President Donald Trump has granted a full and unconditional pardon to Ross Ulbricht, the founder of the Silk Road darknet marketplace. This action fulfills a campaign promise made to libertarians and crypto enthusiasts, marking a significant moment in the intersection of digital currencies and governance.

Investor Briefing: Russian Court Judgment in STRABAG Case Heavily Impacting the Austrian RBI!

A recent €2 billion judgment by a Russian court against the shareholders of Austrian construction giant STRABAG, including Raiffeisen Bank International (RBI), has sent shockwaves through financial markets. The ruling, which implicates RBI's Russian subsidiary in a contentious legal dispute with Rasperia, raises significant concerns about the bank's exposure to Russian liabilities amidst ongoing Western sanctions.