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Tag: SG Veteris

September 29, 2022

Crypto Payment Processor Koinal And Its Turkish Connections!

The two crypto payment processors, Koinal and Bitpace were operated by the then FCA-regulated SG Veteris Limited until 2020. This was controlled by FinTech entrepreneur Ozan Ozerk until 2018. Since then, Ozerk's partner, Ahmet Cemal Dedeoglu, has officially been the controlling person. Today, the two crypto payment processors are currently operated by SG Veteris Europe EOOD in Bulgaria and SG Veteris Lithuania UAB in Lithuania. Most of the business is apparently likely to be done in Turkey.

February 19, 2021

StormGain Review – A crypto trading platform with an interesting ecosphere

StormGain (www.stormgain.com) is an unregulated crypto trading platform operated by the offshore entity Stormgain LLC in St. Vincent and the Grenadines. Currently, StormGain does not hold a license in any regulatory regime as a broker, investment firm, or financial services provider. Like Kraken, BitStamp, or other crypto brokers, StormGain lets you trade a range of crypto pairs. Partners of StormGain include Israel's Bits of Gold, Koinal, or Simplex. In December 2019, the Spanish regulator CNMV issued a warning against StormGain.

Portrait of Hindenburg Research: A Constructive and Critical Analysis of a Transforming Short-Seller!

With the announcement by founder Nate Anderson that Hindenburg Research is winding up its operations, this report serves as a reflection—an obituary of sorts—on the firm’s impactful yet polarizing journey. Over seven years, Hindenburg transformed the landscape of activist short-selling, exposing corporate misconduct and reshaping market narratives.

End of an Era: Hindenburg Founder and Finfluencer Nate A!nderson Shakes Empires, Then Closes the Curtain!

Nate Anderson, founder of Hindenburg Research, has announced the closure of his firm, marking the end of a significant chapter in activist short-selling. Established seven years ago, Hindenburg gained prominence for exposing corporate misconduct in companies such as Adani, Nikola, Clover Health, DraftKings, Block, Icahn Enterprises, Super Micro Computer, and Twitter.

Compliance Report: Australian Regulator’s Q4/24 Findings on Illegal Online Gambling Operations Around Softswiss and Others!

The Australian Communications and Media Authority (ACMA) has continued its crackdown on illegal online gambling websites, focusing on operators violating the Interactive Gambling Act 2001. This report analyzes the regulator's recent actions in the context of known illegal casino schemes, particularly those associated with Dama N.V. and Softswiss.

SEC Sues Elon Musk Over Twitter Stock Purchases

Elon Musk faces fresh legal trouble as the SEC alleges he violated U.S. securities laws by failing to disclose his early 2022 Twitter stock purchases on time. By delaying the disclosure, Musk reportedly saved $150 million in additional costs. There is also an opinion in the market that the SEC's action is politically motivated, as Musk is known to be a close confidant and supporter of incoming President Donald Trump.

Compliance Analysis Report: Court Order Against Crypto Exchange BitMEX!

The crypto exchange BitMEX has been ordered to pay a $100 million fine for violations of U.S. anti-money laundering (AML) laws. This decision concludes a prolonged legal battle concerning BitMEX's non-compliance with regulatory requirements between 2015 and 2020. This case highlights the growing enforcement actions against crypto platforms that fail to implement adequate AML measures.