City San Francisco Financial News
29.09 / 16:13
Blockchain
FIVE
Binance
Digital
USDC to be welcomed by five new blockchain ecosystems
Circle Internet Financial, the fintech firm behind USD Coin (USDC) announced that it will expand the circulation of USDC to five additional blockchain ecosystems. The announcement was made at Converge22, a blockchain conference organized by Circle in San Francisco.
20.09 / 16:37
Blockchain
UPS
Provident
Platform
new cryptocurrency
New Cryptocurrency Launches for 20 September 2022
The cryptocurrency market has jumped by 4% in the past 24 hours, partly compensating for falls over the weekend. Its total cap now stands at $978 billion, representing a 12% drop in a week. However, as disappointing as recent months have been for the wider market, a handful of smaller, recently launched coins have bucked overall trends by posting gains following their initial listings. It's in recognition of such coins that this article collects the best new cryptocurrency launches for today and the coming weeks.
03.06 / 07:43
business
Scams
FBI
Crypto scams
'Pig slaughtering' crypto scams reap millions on Silicon Valley dating apps
Lonely hearts in Silicon Valley are reportedly falling prey to a wave of "pig slaughtering” crypto scams via dating apps.
28.04 / 01:59
business
Payments
PayPal
PayPal is shuttering its San Francisco office: Report
Major United States-based payment processor PayPal will reportedly be closing its office in San Francisco, while the headquarters in nearby San Jose will remain available to employees.
25.04 / 23:01
business
Facebook
virtual reality
retail
open
Meta will open physical metaverse-themed store in San Francisco Bay Area
Social media giant Facebook's parent company, Meta, will be opening a retail store in the San Francisco Peninsula offering hardware for the virtual reality space.
08.04 / 13:27
Blockchain
Kraken
California
Bitcoin
Shuts Down
safe
NOT
Kraken shuts down global headquarters as 'San Francisco is not safe'
The Golden City is losing its shine as one of the largest United States-based cryptocurrency exchanges closes its San Francisco-based headquarters.
01.03 / 13:35
Blockchain
JPMorgan
Platform
JPMorgan Conducts Strategic Investment to Blockchain Firm TRM Labs, Expanding Crypto Business
On Monday, financial tycoon JPMorgan Chase (JPM) said it is making a “strategic investment” in San Francisco-based blockchain intelligence platform TRM Labs.
24.02 / 14:15
Provident
Time
San Francisco Fed President Says March a Good Time to Raise Rates
Federal Reserve Bank of San Francisco President Mary Daly said on Wednesday she remains on board with the central bank raising interest rates next month.
12.02 / 08:25
Blockchain
Scams
Bitcoin
week
FBI warns against rising crypto romance scams during Valentine's week
The United States Federal Bureau of Investigation (FBI) has issued a warning against the rise in romance scams in the San Francisco Bay Area, with the latest trend involving cryptocurrencies.
05.02 / 03:09
Ripple
XRP
SEC
coinbase
Coinbase to Suspend XRP Trading
Coinbase will suspend trading and deposits in XRP (XRPUSD), the world's third biggest cryptocurrency by market capitalization, starting Jan. 19, 2021. The San Francisco-based exchange cited the Securities and Exchange Commission's (SEC) decision to file a lawsuit against Ripple Labs, Inc., the company responsible for issuing XRP, for its decision. It also announced in a blogpost yesterday that trading in XRP will move to limit-only, meaning crypto traders will only be able to place limit orders on the cryptocurrency, starting tonight.
31.12 / 15:05
COST
UPS
Citi
Fed Rate-Setting Panel Gets New Members in 2022 Amid Rate-Rise Expectations
Federal Reserve regional bank presidents who gain votes in the new year on the central bank’s interest-rate-setting committee are likely to strongly support raising borrowing costs to try to combat high inflation.
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