State California Financial News

16.06 / 02:07

business Adoption Miami Bitcoin Elections Pro-Bitcoin Florida man Francis Suarez enters presidential race

Francis Suarez, the mayor of Miami and a known crypto advocate, has filed paperwork signaling his intention to run for United States presidency in 2024.

15.06 / 00:25

business Technology Adoption Machine Learning AMD AMD reveals new AI chip challenging Nvidia's dominance

Advanced Micro Devices Inc (AMD) on Tuesday, June 13, gave new details about an artificial intelligence (AI) chip that will challenge market leader Nvidia Corp.

14.06 / 00:48

Government regulation SEC Congress lawmaker Framework lawsuits regulatory US lawmaker invokes SEC lawsuits in considering crypto regulatory framework

Members of the United States House Financial Services Committees met to discuss clarity for the digital asset ecosystem, with some invoking recent legal action from the Securities and Exchange Commission (SEC) against crypto firms.

13.06 / 22:24

business regulation Europe Google European Union Machine Learning Bard Irish data watchdog blocks Google from launching Bard in the EU: Report

The Irish Data Protection Commission (DPC) has reportedly blocked the launch of Google’s generative artificial intelligence (AI) service, Bard, in the European Union over privacy concerns.

13.06 / 05:01

business Law Stablecoin Court Terra class action Jump Trading seeks to move Terra class action suit to California

Algorithmic and high-frequency trading firm Jump Trading is seeking to have the class action lawsuit against the firm moved from Illinois to a Northern district court in California, arguing that it would significantly speed up legal proceedings.

08.06 / 06:03

business Law regulation Court Pump and Dump class action EMAX class action against Kim K and Mayweather is back on, says judge

Celebrity defendants Kim Kardashian and Floyd Mayweather are back on the hook for a class action lawsuit that alleges their improper promotion of the now-defunct crypto token EthereumMax (EMAX).

07.06 / 17:37

Provident Binance Digital SEC Action coinbase Southern Coinbase Receives Cease and Desist Notices from 11 US States

Following the Securities and Exchanges Commission (SEC) lawsuit, US-based crypto exchange, Coinbase, has received multiple Show Cause orders from US states.

07.06 / 08:47

Binance Robinhood SEC coinbase SEC Crackdown Spurs Robinhood to Review Its Crypto Operations

Popular brokerage firm Robinhood is reconsidering its cryptocurrency offerings after the Securities and Exchange Commission took action against two major digital asset trading platforms earlier this week.

07.06 / 03:29

Binance Aware SEC Platform Action coinbase House Agriculture Coinbase Was Dismissed by the US SEC After Months of Figuring Out How To Register, Chief Legal Officer Says

Coinbase was dismissed by the US Securities and Exchange Commission with no response after months of discussing how to register with the agency, the crypto exchange’s chief legal officer told lawmakers on Tuesday.

06.06 / 19:00

UPS Binance SEC Platform Action coinbase SEC Sues Coinbase for Operating an Unregistered Exchange, States Follow Up With Own Action

It's not been a good day for Coinbase (COIN) so far: The crypto exchange is being sued by the U.S. Securities and Exchange Commission (SEC), ten state regulators have the company in their sights, and Coinbase stock has dropped almost 14% in early trading.

06.06 / 18:13

Target DOW JPMorgan Apple DISH Stocks making the biggest moves premarket: Palo Alto Networks, Apple, Target & more

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06.06 / 18:11

business Blockchain coinbase sec lawsuit Coinbase stock Coinbase stock plunges 20% on SEC lawsuit

The stock of cryptocurrency exchange Coinbaseplunged more than 20% at the open on June 6. At the time of publication, shares have pared some losses and are currently trading at $50.14, compared to an intra-day low of $46.43. The company's market capitalization currently stands at $13.7 billion.

06.06 / 16:22

Blockchain Law coinbase sec lawsuit Breaking: Coinbase targeted by state security regulators concurrent to SEC lawsuit

According to a statement published by the Alabama Securities Commission on June 6, a multi-state task force comprising of state regulators from Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Caroline, Vermont, Washington, and Wisconsin have issued a Show Cause Order against cryptocurrency exchange Coinbase. The order alleges that "Coinbase violates the securities law by offering its staking rewards program accounts to Alabama residents without a registration to offer or sell these securities."

01.06 / 21:27

regulation Federal Reserve Silvergate Fed board issues order to Silvergate Bank as part of self-liquidation plan

The Federal Reserve Board of the United States has issued a consent order to Silvergate Bank and its parent company as part of the institution’s plans to “wind down operations” and liquidate.

31.05 / 13:17

Legal FTX Fried FTX fraud Sam Sam Bankman-Fried Leverages Law Firm Advice for FTX Fraud Defense

Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, is preparing to argue that he relied on the advice of Silicon Valley law firm Fenwick & West in his defense against fraud charges.

30.05 / 21:19

business regulation Machine Learning Science ChatGPT AI experts sign doc comparing risk of ‘extinction from AI’ to pandemics, nuclear war

Dozens of artificial intelligence (AI) experts, including the CEOs of OpenAI, Google DeepMind and Anthropic, recently signed an open statement published by the Center for AI Safety (CAIS).

26.05 / 18:49

XRP regulation Web3 Decentralized Exchange Federal Reserve Atlanta Fed explains Web3 finance, including XRP ‘international payment medium’

The Federal Reserve Bank of Atlanta has piqued the interest of the crypto community with a recent publication in its Policy Hub series on the implications of Web3 for financial services. The 17-page paper by Christine Parlour, a professor at the University of California, Berkeley Haas School of Business, is intended as a basic text, and is noteworthy for its completeness.

25.05 / 04:31

CFTC Ether USDC Bitcoin US Regulator Charges Five in a “Fraudulent Digital Assets Trading Scheme” After They Targeted Spanish-Speaking Communities

A US regulator charges five people on Wednesday for allegedly “fraudulently soliciting” money from more than 170 people for a company called Icomtech to trade bitcoin and other assets for them.

23.05 / 17:37

Lowe's Apple Chevron TCS AutoZone Broadcom Stocks making the biggest moves midday: Yelp, AutoZone, Lowe's, Apple and more

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22.05 / 08:19

Cooper Platform Southern Fried Sam FTX founder Sam Bankman-Fried charged with paying $40m bribe to Chinese official

FTX founder Sam Bankman-Fried has been charged with directing $40 million (€36.86 million) in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business.

20.05 / 08:41

business Facebook Adoption Social Media Decentralization Meta Instagram Instagram to reportedly launch text-based app to rival Twitter

In a secret meeting with select creators, Instagram’s parent company, Meta, reportedly revealed its plan to launch a text-based conversation app. The leaked screenshots of the alleged upcoming app show a user interface similar to Twitter.

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