Financial technology

Actress Lindsay Lohan, YouTuber Jake Paul and six other celebrities were charged by the U.S. Securities and Exchange Commission for touting cryptocurrencies on social media without disclosing that they were paid to do so.

The global cryptocurrency industry has been slammed by setbacks, scandals and high-profile failures in recent months, sparking a regulatory rush to protect consumers from fraud and scams.

Cryptocurrency has generated consistent, and sometimes shocking returns over the past year. Since the first cryptocurrency emerged back in 2009; there has been rapid growth of the digital asset and we have seen the emergence of numerous other cryptocurrencies. There are over four thousand cryptocurrencies today, and more are being created constantly.

A 27-year-old woman from Chania, Crete, told police she had been conned out of 150,000 euros by a man who claimed to be an investor and convinced her to invest in cryptocurrency.

The incident dates from March 2022 when the conman convinced her to pay him the sum in three instalments. By January, the victim had realised that the "investor" had disappeared with her savings.

As recently as a few years ago, most people had never heard of an NFT. This year their trading volume is expected to reach USD 35 billion. This is a rapid development - yet another example of how fast technology can progress in the 21st century. But what exactly is a Non-Fungible Token and why does it create such excitement in the cryptocurrency world?

"What is happening in Bulgaria affects my business and life plans in a very small way." This is what the co-founder of Nexo, Antoni Trentchev, said in his first interview on Nova TV.

The former MP from the party of Meglena Kuneva's "Citizens Movement Bulgaria" announced that he has not lived in Bulgaria for a long time.

The spokesperson of the Bulgarian Prosecutor General Siika Mileva and the head of the "Cybercrime" department Svetlio Vasilev gave details about the special operation of the prosecutor's office, the National Investigation Service, the State Security Service and the Ministry of Internal Affairs against the cryptocurrency company NEXO.

Seven out of eight Greek consumers make purchases from international online stores, with this percentage being - according to the PayPal eCommerce Index 2022 - the highest in Europe.

Cryptocurrency critics, including economists and researchers, will gather in London and online this week to get their message across to regulators about the booming but volatile sector.    

Fintech ecosystem is growing fast in Türkiye and those financial technology companies have the potential to become unicorns, said Ufuk Bilgetekin, head of the Türkiye Payment and Electronic Money Institutions' Association (TÖBED).

After the Central Bank gave its approval to 16 more firms to operate in the industry, the number of authorized electronic money institutions rose to 42.