Tagged: bulgaria

May 3, 2020 @ 11:54 pm By Omar Faridi  |  

Judge Valerie Caproni has lifted the stay on a lawsuit filed against OneCoin, one of the largest cryptocurrency Ponzi schemes. An order recently signed by the New York District judge requires all concerned parties to provide a schedule, which will request the defendants to submit… Read More

April 9, 2020 @ 10:23 pm By Omar Faridi  |  

UK-based Phos, a Fintech firm that provides a software-only PoS to help vendors take payments directly via their phones without requiring additional hardware, has secured €1.3 million in capital. Phos’ latest round was led by Bulgaria-based New Vision 3, an early-stage venture capital firm (part… Read More

March 28, 2020 @ 7:59 pm By Omar Faridi  |  

Bulgaria-based payment companies, Paynetics, and phyre, have both finalized investment rounds, which were led by the Bulgarian American Credit Bank and VC New Vision 3. Paynetics, which secured €2.5 million in funding, and phyre, which acquired €1.55 million in capital, were both established by Bulgarian… Read More

March 19, 2020 @ 7:42 am By Omar Faridi  |  

London-based Payhawk, a corporate expense management company, has secured €3 million in seed funding. Founded in Bulgaria, Payhawk’s paperless expense management platform aims to improve the  corporate expense management process. The Fintech firm allows companies to add funds to employee cards and automatically process transactions… Read More

September 3, 2019 @ 7:50 am By Cali Haan  |  

A draft bill designed to bring Bulgaria in line with anti-money laundering regimes in Europe and smooth the country’s bid to join the European Exchange Rate Mechanism (ERM II) and Banking Union has passed first reading in the Bulgarian parliament, Kinstellar reports. According to the… Read More

April 11, 2019 @ 3:14 pm By Cali Haan  |  

Two unnamed individuals were charged with fraud April 10th for their involvement with OneCoin, a multibillion-dollar global cryptocurrency pyramid scheme of  started by a brother and sister team in Bulgaria. Business Times reports that an investigation by the Singapore Commercial Affairs Department and the Singapore Police… Read More

March 11, 2019 @ 6:02 pm By JD Alois  |  

On Friday, the Manhattan U.S. Attorney, part of the Department of Justice, issued a statement regarding ongoing Ponzi scam OneCoin stating that alleged perpetrator Konstantin Ignatov had been arrested at the Los Angeles airport. Ignatov was hit with charges of wire fraud conspiracy regarding the… Read More

March 8, 2019 @ 1:05 am By Cali Haan  |  

The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning against a Bulgarian firm, “…claiming to be an FCA-authorised firm offering cryptocurrencies to UK consumers.” The FSA says the company is illegal and has been soliciting UK investors via email containing various… Read More

January 14, 2019 @ 4:15 pm By Cali Haan  |  

The Bulgarian National Revenue Agency (NRA) is launching a series of “control actions” to inspect nine cryptocurrency exchanges operating in the region, Novinite reports. The inspections are being conducted in order to ensure that clients and the companies themselves are complying with local tax requirements…. Read More

December 18, 2018 @ 4:17 am By Erin Hobey  |  

æternity, a blockchain 3.0 platform with a focus on efficiency, transparent governance and global scalability, has launched two foundations in Liechtenstein and Bulgaria, to provide grants and educational support to innovative blockchain projects. “Through the creation of these two foundations, æternity takes a significant step… Read More

November 27, 2018 @ 9:36 am By Cali Haan  |  

Bulgarian police have arrested and charged 3 people accused of stealing $5 million in cryptocurrencies, Reuters reports. The arrests were announced Monday by officials from the Bulgarian Ministry of the Interior and local prosecutors. Police seized $3 million in cryptocurrency at the scene as well… Read More

November 5, 2018 @ 10:26 pm By Cali Haan  |  

The Chief Secretary and the Head of the State Agency for Bulgarians Abroad  (SABA) along with an accused Serbian co-conspirator, have been detained by Bulgarian police and charged with selling EU passports for Bitcoins, Nova and The Times report. According to the Times, SABA Head Petar Haralampiev has been arrested on… Read More

October 25, 2014 @ 3:27 pm By JD Alois  |  

BitLendingClub, a bitcoin peer to peer lending platform has reportedly received €200,000 in seed funding from LaunchHub.  BitLendingClub is a Bulgarian based p2p company that was officially launched in 2012.  The site facilitates borrowers to get loans in Bitcoins and claims the “most competitive rates and… Read More