State Alabama Financial News

25.06 / 00:25

business lending Bankruptcy network advisers Celsius Network hires advisers ahead of potential bankruptcy: Report

Crypto lending platform Celsius Network has reportedly onboarded advisers from a management consulting firm in advance of the company possibly facing bankruptcy.

21.06 / 11:13

SEC Bitcoin Law Decoded, June 13–20: Celsius exodus and liquidity crisis

Last week, the Celsius Network wrote its name in the alarming recent history of the crypto market failures alongside Terra. The American platform has unstaked $247 million worth of Wrapped Bitcoin (wBTC) from the Aave protocol and sent it to crypto exchange FTX while putting the withdrawal option for users on a stop.

17.06 / 12:47

regulation Aave Investment Celsius Reportedly Unlikely to Get Bailout Money from Investors

As the downturn triggered by Celsius Network (CEL) continues to impact crypto businesses worldwide, investors behind the business are unlikely to ensure more financing to bail out the troubled crypto lender, "people with knowledge of the situation" told Financial News.

17.06 / 09:05

cryptocurrency Reuters SEC freeze Investigations Investigations Begin On Crypto Lender Celsius' Accounts Freeze: Report

US State securities regulators investigating Celsius accounts freeze: Report

21.05 / 00:37

regulation Financial Services legislation Bitcoin Financial Florida Rep. Donalds introduces Financial Freedom Act companion bill in the House

Rep. Byron Donalds, a Florida Republican, introduced the Financial Freedom Act into the United States House of Representatives on Friday to prevent the U.S. Department of Labor from limiting the types of investments that can be included in Americans’ self-directed 401(k) retirement plans. The bill is the companion to Alabama Sen. Tommy Tuberville’s May 5 Senate bill.

12.05 / 00:33

Law casino 5 state regulators allege organization is tied to Russia, scamming users using metaverse casino

Authorities in the U.S. states of Alabama, Kentucky, New Jersey, Texas and Wisconsin have filed enforcement actions against the Flamingo Casino Club for allegedly perpetrating a scam through nonfungible tokens (NFTs) tied to a metaverse casino.

09.05 / 22:39

Law Europe Congress Law Decoded: Crypto retirement plans get hot with Warren and Lummis making their moves, May 2–9, 2022

Retirement plans still largely remain at the periphery of both crypto adoption and the regulatory discussion. But last week, a major development emerged in this department. United States Senators Elizabeth Warren of Massachusetts and Tina Smith of Minnesota became concerned about Fidelity’s recent announcement of adding Bitcoin (BTC) to its clients’ 401(k) retirement investment menu. In a letter to the company’s CEO Abigail Johnson, the lawmakers expressed their uneasiness over a “conflict of interests” and the “significant risks of fraud, theft and loss,” requesting from Fidelity a detailed outline of risk mitigation actions.

06.05 / 07:21

regulation Investments Bitcoin Regulation Bitcoin Financial Senator's Financial Freedom Act would ensure Bitcoin can be in your 401(k)

Republican Senator Tommy Tuberville from Alabama has unveiled a new bill he calls the Financial Freedom Act to allow Americans to add cryptocurrency to their 401(k) retirement savings plan unencumbered by regulatory guidance.

03.05 / 12:43

Art Jail US jail official helped 'extremely dangerous' inmate escape, say authorities

US authorities believe an Alabama jail official helped an “extremely dangerous” murder suspect escape prison.

17.04 / 12:45

cryptocurrency Platform Action US regulators Virtual Casino Firm Stopped From Selling NFTs By US Regulators

US orders virtual casino firm to stop selling NFTs

14.04 / 13:39

Law Texas Texas regulators order virtual casino to stop selling NFTs

A virtual, Cyprus-registered casino Sand Vegas Casino Club faced an emergency cease and desist order from Texas and Alabama state securities regulators. The company is ordered to “stop a fraudulent investment scheme tied to metaverses”.

30.03 / 07:13

regulation SEC lending Voyager ordered by New Jersey to 'cease and desist’

The New Jersey Bureau of Securities has issued a cease and desist order against Voyager Digital for selling unregistered securities through its Voyager Earn program.

02.02 / 18:39

Amazon Time Amazon Workers at Alabama Facility Poised to Vote a Second Time on Union Bid

Amazon.com Inc. workers at a company warehouse in Alabama are set to begin voting for the second time in a year on whether to unionize.

29.12 / 15:15

Amazon Turnover Amazon Turnover Presents Organizing Challenge for Expected Alabama Election

As organizers prepare for a second unionization election at an Amazon.com Inc. warehouse in Alabama, one of the most significant challenges they face is the possibility that many people employed at the facility now may not be there when the vote is held.

30.11 / 01:07

Amazon Amazon Alabama Workers to Hold New Union Vote, Federal Labor Official Rules

A federal official has tossed out results from an Amazon.com Inc. unionization vote earlier this year for warehouse workers in Alabama, saying that the company has violated labor law in its campaign against organizing, according to the National Labor Relations Board.

29.10 / 18:15

Adoption regulation lending Crypto lending firms on the hot seat: New regulations are coming?

A number of states in the United States, including Kentucky, Texas, Alabama, Vermont, New Jersey and, most recently, New York have been cracking down on crypto lending. Depending on one’s perspective, these can amount to acts of collective desperation or a foretoken of things to come.

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