State California Financial News
02.07 / 21:23
UPS
MAIL
Platform
Netflix: What will get added to streaming platform from July 3 to 9, 2023? See complete list
Netflix update their platform regularly. In this process, several titles of movies, TV series, documentaries and games are added and removed from the streaming giant every month.
02.07 / 20:07
Citi
Southern
Los Angeles hotel workers strike over wages, housing
LOS ANGELES (Reuters) — Thousands of hotel workers in Los Angeles, California, went on strike on Sunday morning as they pushed for better wages and benefits, kicking off what was expected to be one of the largest U.S. hotel strikes in recent history.
02.07 / 09:23
Legal
IRS
Kraken
Tax
Crypto Exchange Kraken Ordered to Submit User Transaction Data to IRS – Here's the Latest
Cryptocurrency exchange Kraken has been ordered by a judge to submit a vast amount of user information to the Internal Revenue Service (IRS) for an investigation into potential tax evasion.
01.07 / 10:29
Blockchain
regulation
IRS
Kraken
Taxes
user data
compliance
Kraken ordered by court to disclose user data to IRS for tax compliance
A federal court ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS), which said it needed that information to see if any of the exchange's users had underreported their taxes.
01.07 / 08:15
UPS
Provident
Booking
Aware
Action
class action
OpenAI’s ChatGPT allegedly stole people’s data, faces class action lawsuit
The maker of ChatGPT, OpenAI, is facing a class action lawsuit alleging that the company’s AI training procedures infringed the privacy and copyright of virtually everyone who has ever uploaded information online. To train its cutting-edge AI language models, OpenAI gathered a sizable amount of data from diverse online sources. These datasets include a variety of content, including explicit content from specialised genres as well as Wikipedia articles, best-selling books, social media posts, and popular publications. More significantly, OpenAI collected all of this data without first getting consent from the content producers.
01.07 / 07:15
UPS
Williams
Progressive
Extreme
Parke
Immunic
Climate change keeps making wildfires and smoke worse. Scientists call it the 'new abnormal'
Kuchlbauer in North Carolina and Ryan Bomba in Chicago. It was smoke from wildfires, the odor of an increasingly hot and occasionally on-fire world. Kuchlbauer had flashbacks to the surprise of soot coating her car three years ago when she was a recent college graduate in San Diego.
30.06 / 17:55
FIVE
Platform
Gap
Mobile
Software
BlackRock
valuation
Fidelity cuts Gupshup’s valuation by 37% to $876 million
Gupshup, a messaging software-as-a-firm, by 37.4%, according to a regulatory disclosure as of May 31 2023. In June 2021, the fund had acquired 709,497 preference shares of the company for $16.2 million. The updated share value suggests a $876.4 million valuation for Gupshup.
30.06 / 17:09
COST
Target
Platform
coinbase
Apple
Nike
Meta Platforms
Bitcoin
Stocks making the biggest moves midday: Apple, Meta Platforms, Carnival, Nike and more
Check out the companies making headlines in midday trading Friday.
30.06 / 15:13
business
Blockchain
Technology
Adoption
education
Analysis
MIT
Universities use blockchain-based storage to protect and democratize data
Academic institutions house some of the world’s most important data generated from years of research. Yet centralized data storage models are becoming a concern for many universities looking to keep critical information safe and accessible.
30.06 / 11:19
29.06 / 10:05
Adoption
regulation
ChatGPT
ChatGPT maker OpenAI hit with class-action lawsuit over alleged data theft
OpenAI, the maker of the popular chatbot ChatGPT — a natural language processing artificial intelligence (AI) tool — is facing a class-action lawsuit in California over allegedly scraping private user information from the internet.
27.06 / 17:45
coinbase
BitGo
Deal
Despite Abandoning Prime Trust Deal, BitGo Eyes Other Acquisitions
After abandoning the Prime Trust deal, BitGo CEO Mike Belshe has said that there are several other acquisitions in the pipeline.
27.06 / 07:01
Advertising
US Supreme Court rules in favor of Coinbase in arbitration dispute
The justices, in a 5-4 decision, overturned a lower court's ruling involving a user who sued after a scammer stole money from his account. The lower court had let a proposed class action lawsuit proceed while Coinbase pressed its appeal contending that the claims belong in arbitration. The justices dismissed a second case that Coinbase had asked it to review. Conservative Justice Brett Kavanaugh, joined by four fellow conservatives, wrote the ruling. The court's three liberal justices and conservative Justice Clarence Thomas dissented. Companies generally prefer to arbitrate claims because the process is cheaper and faster than litigation in court, which can be harder to fight and carries a greater risk of hefty damages awards.
27.06 / 00:43
Adoption
NFT
regulation
NOT
Yes, the Secret Service has an NFT collection, and no, it’s not for sale
The United States Secret Service has finally shed more light on its bizarre nonfungible token (NFT) collection sitting on OpenSea.
26.06 / 19:33
Government
Law
regulation
SEC
lawmaker
US lawmaker calls for info from Treasury and SEC on crypto market structure bill
California Rep. Maxine Waters, ranking member of the United States House Financial Services Committee, has called on leadership at federal regulatory agencies to weigh in on a proposed framework for digital assets.
26.06 / 18:31
Citi
BTC
Twitter
FIVE
Coindesk
Southern
Bitcoin
2020
Twitter Hack
2020 Twitter Hack Mastermind Gets Five-Year Sentence for Crypto Theft
A culprit in the infamous 2020 Twitter hack who phished thousands of dollars in Bitcoin from Twitter users has been sentenced to five years in prison for his crime, as well as for a separate SIM swapping scheme.
24.06 / 13:29
COST
UPS
Lowe's
VISA
MasterCard
How many credit cards should you have? The answer isn’t zero, say experts
Who'd think a little plastic rectangle could be associated with so much mystery and angst?
23.06 / 16:43
business
Government
SEC
lending
FTX
creditors
Fine
SEC waives BlockFi's $30M fine until creditors are paid
The United States Securities and Exchange Commission (SEC) has agreed to postpone the payment of a $30 million fine from bankrupt crypto lender BlockFi until creditors are paid back. The amount represents the balance of a $50 million settlement with the regulator from February 2022.
23.06 / 15:59
business
Law
regulation
coinbase
Court
US Supreme Court halts Coinbase cases in its first crypto ruling
The United States Supreme Court decided in favor of cryptocurrency exchange Coinbase on June 23 in a partisan opinion that will halt court proceedings against the company in two California cases.
20.06 / 19:41
Government
regulation
us government
Machine Learning
Silicon Valley
U.S.
Biden to discuss dangers of AI in San Francisco meeting with experts
United States President Joe Biden will discuss artificial intelligence (AI) with a group of Silicon Valley experts on June 20 between campaign fundraising stops in California.
20.06 / 19:09
Provident
Platform
Wyre
Billion Dollar Crypto Payments Firm Wyre to Shut Down Amid Market Conditions
Crypto-based payments firm Wyre is shutting down its business, citing “market conditions” and a need to protect the interest of stakeholders and customers.
breaking news about state California
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