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August 5, 2024

Review: Unauthorized Online Casino Betify, its Payment Facilitators, and the Open Banking Issue!

While the main website of the Betify online casino, Betify.com, states Altacore N.V. has a Curacao license as an operator, various other Betify websites do not provide any information about the operators. Costa Rica is stated as the jurisdiction responsible for the terms and conditions. In our reviews at the beginning of August 2024, we discovered the Cyprus-registered Altaprime Limited as the payment processor for anonymous and illegal casino activities.

February 10, 2024

CyberRating Agency PayRate42 Announced Downgrading of PayDo to Orange Compliance!

PayRate42, the leading rating authority for payment processors in the CyberFinance domain, announced the downgrading of high-risk payment processor PayDo to Orange Compliance due to looming compliance issues. PayDo operates under Ecommerce Technologies Ltd, regulated by the FCA, and PayDo Canada Ltd., registered with FinTRAC. FinTelegram recently exposed PayDo and PayOP as payment facilitators for unauthorized online casinos and gambling schemes.

February 6, 2024

Updated Profile for High-Risk Payment Processor PayDo!

We have already extensively reviewed the FCA-regulated high-risk payment processor PayDo in 2022 and also outlined the close cooperation with PayOp. In our current analysis of the high-risk segment of online casinos and the gambling segment, we have also found the two payment facilitators at the offshore crypto casino Gamdom, reglated in Curacao. They facilitate the distribution of the Gamdom Coin. We have therefore updated our PayDo review.

December 4, 2022

FCA-Regulated High-Risk Payment Processor PayDo Finally Terminated Russian Business!

In October 2022, we published our initial review of the high-risk payment processor PayOp and revealed that it is essentially a Ukrainian scheme operated through legal entities in Canada and Singapore. The Ukrainian Sherii Zakharov is the controlling person. At the time of your initial review, PayDo was heavily engaged in Russia, which accounted for more than 30% of its website visitors. Since we published our report, PayDo terminated its Russian connections, blocked Russian visitors, and started to defame FinTelegram!

November 17, 2022

FCA-Regulated Payment Processor PayDo And Its Russian Website Visitors.

We brought a report on the activities of FCA-regulated e-money institution PayDo a few weeks ago, analyzing Similarweb data for their website. We found that the number of visitors from Russia exploded in August and September 2022, despite the Western sanctions. The Russian dimension is interesting because PayDo is controlled by Ukrainians, and Russia is a war adversary. PayDo heavily criticized the report but blocked the website for Russian visitors. Now, website traffic is plummeting.

October 25, 2022

Urgent Warning Against Illegal Gambling Site RichKing Casino Facilitated By PayOp, PayDo, And Coinspaid!

Currently, the online gambling and casino site Rich King a/k/a Rich King Casino acquires customers in Germany and other countries in the EEA region. The website does not list any legal entity as its operator and does not have any license in Germany or any other EEA country that we know of. The activities of Rich King, therefore, qualify as illegal. We have discovered PayOp, PayDo, CoinsPaid, and PunRun Limited as payment facilitators. They are integrated into the Praxis payment gateway.

Investor Briefing: Why Elon Musk’s SpaceX is valued at $350 Billion!

SpaceX, Elon Musk's private aerospace company, is reportedly in discussions to sell insider shares at a valuation of approximately $350 billion. This would be double what the company was reportedly selling shares at one year ago. In December 2023, Bloomberg reported SpaceX shares were being sold at a $175 billion valuation. Musk's closeness to Trump is apparently paying off.

Bitcoin Hits $100,000: A Historic Milestone Amid Regulatory Optimism and Dawning CyberFinance!

Bitcoin reaches an all-time high of $100,000, fueled by optimism surrounding the appointment of Paul Atkins as the new SEC Chair under Donald Trump. Analysts weigh in on the milestone and predict further bullish trends in the crypto sector. The crypto market is currently being driven by the broad support of the US tech elite, which has gained new power with Trump.

Trump Names Paul Atkins as SEC Chair: A Crypto Game-Changer?

The U.S. President-elect Donald Trump officially nominates pro-crypto libertarian Paul Atkins as SEC Chair, signaling a shift toward crypto-friendly regulation and innovation. The pro-crypto nomination was a campaign promise made by Trump where he vowed to get rid of Gary Gensler. According to X posts, Atkins already confirmed that he will accept the nomination.

Operation Destabilise: NCA Cracks Billion-Dollar Russian Money Laundering Rings

The National Crime Agency (NCA) in the UK announced a successful law enforcement action: "Operation Destabilise" has disrupted Russian-speaking money laundering networks tied to drugs, ransomware, espionage, and sanctions evasion. With 84 arrests and £20M seized, the operation targeted two key networks, Smart and TGR, exposing a global nexus of organized crime and cybercriminals.

Former EU Justice Chief Didier Reynders: A Justice Defender or Enabler of Corruption?

Allegations of money laundering, corruption, and abuse of power are swirling around Didier Reynders, the former EU Commissioner for Justice and a key figure in Ursula von der Leyen’s European Commission. Reports suggest Reynders may have facilitated illegal transactions during his tenure, raising urgent questions about his integrity and the EU's commitment to fighting corruption.