John Pollacco | FinTelegram News

Tag: John Pollacco

April 24, 2022

Malta’s Truevo Payments were defrauded by more than €400,000

The Maltese Truevo Payments Ltd is an MFSA-licensed payment institution. Truevo was offering payment services to a UK-registered company named FIF Services Limited. It started offering such services in early 2021, following an agreement signed by both parties. Truevo has sued FIF Services Limited in Maltese courts. FIF Services, despite being notified, did not file any defense. The Maltese Courts declared FIF Services guilty of fraud and ordered the UK company to pay over €400,000 in damages to Truevo. However, FIF Services seems to be on the run.

Breaking: Former Austrian Finance Minister Karl-Heinz Grasser Goes to Prison And Into Personal Bankruptcy!

A corruption scandal unlike anything the European Union has ever seen: former Finance Minister Karl-Heinz Grasser has hit rock bottom. Following the final verdict in the largest corruption trial of the Second Republic, he now faces not only imprisonment but, as revealed today, has also filed for personal bankruptcy.

Stablecoins in DeFi: Pegs, Promises, and the Terra Collapse

Stablecoins are the lifeblood of DeFi. They promise the stability of fiat currencies with the flexibility of crypto—and serve as the core trading pair, collateral, and unit of account in decentralized finance. But when a stablecoin loses its peg, the entire system trembles. In this fifth installment of the FinTelegram DeFi Series, we explore the types of stablecoins, how they function in DeFi.

Financial Report: The Growing Importance of Stablecoins in Traditional Finance (TradFi)

With a total market capitalization exceeding $260 billion and transaction volumes surpassing $27.6 trillion in 2024, stablecoins are redefining payment infrastructure by offering speed, cost efficiency, and transparency. Recent developments, such as Visa’s deepened involvement in stablecoin infrastructure and Circle’s anticipated initial public offering (IPO), underscore the segment’s growing integration with TradFi.

Mastercard Bets Big on Stablecoins: Pioneering the Next Wave of Digital Payments and Outpacing Rivals

Mastercard is positioning itself as a leader in bridging traditional finance with digital assets through a comprehensive stablecoin strategy. By developing end-to-end infrastructure and forging key partnerships, the company aims to make stablecoins as usable as fiat currency for consumers and merchants – a move with significant implications for global payments.

EXPLOSIVE REVELATIONS: 20Bet’s GERMAN GAMBLING EMPIRE – AND REVOLUT’S SHADOWY ROLE IN ILLEGAL PAYMENT PIPELINE

The cyberfinance rating agency RatEx42 just published an explosive report. A toxic web of regulatory violations, money laundering risks, and consumer exploitation has been exposed in Germany’s underground gambling scene – with 20Bet at its core and Revolut allegedly fueling its operations. Fresh evidence suggests a brazen disregard for EU gambling laws, AML protocols, and Germany’s strict GlüStV regulations45.