State California Financial News
17.02 / 07:23
Adoption
hacks
Social Media
Scams
Bitcoin Scams
California regulator launches complaint-based crypto scam tracker
The Californian Department of Financial Protection and Innovation (DFPI) has launched a new crypto scam tracker to help traders and investors spot possible industry threats.
17.02 / 04:03
cryptocurrency
Binance
Crypto giant Binance moved $400 million from US partner to firm managed by CEO Zhao
Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent US partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show.
17.02 / 01:37
Law
regulation
Court
Internet
Fried
Sam
bail
Federal judge hints at denying Sam Bankman-Fried any internet access as condition of bail: Report
Judge Lewis Kaplan reportedly targeted Sam Bankman-Fried’s internet usage in a hearing aimed at reviewing the former FTX chief executive officer use of a virtual private network, or VPN.
16.02 / 19:23
16.02 / 17:17
UPS
Provident
Action
Coindesk
FTX
Sam
FTX Founder Sam Bankman-Fried’s Two Bond Guarantors Have Finally Been Unveiled – Court Documents Revealed Here
The two mysterious co-signers on FTX founder Sam Bankman-Fried’s bond managed to keep their identities hidden for a long time, but new court documents have finally revealed who they are.
16.02 / 08:03
regulation
FTX
Court
Ex-Stanford dean says SBF’s parents helped his family battle cancer
The former dean of Stanford Law School who co-signed Sam Bankman-Fried’s bail said he considered Bankman-Fried’s parents “the truest of friends” who helped his family through a “harrowing battle with cancer.”
15.02 / 23:39
regulation
crimes
FTX
Court
Fried
Sam
bail
Judge allows release of guarantors' identities behind Sam Bankman-Fried's bail
A federal judge has allowed identities of guarantors who signed on sureties for former FTX CEO Sam Bankman-Fried’s $250 million bond to be made public following a request from several news outlets.
15.02 / 21:21
regulation
Donations
Political Donations
lawmakers
Kansas state lawmakers look to cap crypto political donations at $100
Lawmakers in the Kansas House of Representatives have introduced a bill proposing to amend the legislature’s rules on political campaign donations.
15.02 / 17:19
Binance
FTX
Fried
Sam
FTX Cracks Down on Company Insiders: Subpoenas Issued to Sam Bankman-Fried, Caroline Ellison and Others – What's Going On?
Insiders at the now-bankrupt crypto exchange FTX have been issued subpoenas to produce specific documents within the next day, court filings have revealed.
15.02 / 09:27
business
regulation
FTX
Court
SBF and FTX fraud 'aided and abetted' by Silvergate Bank, alleges lawsuit
Silvergate Bank and its CEO Alan Lane have been accused of “aiding and abetting” a “multibillion-dollar fraudulent scheme orchestrated by Sam Bankman-Fried (SBF)” and two of his entities, FTX and Alameda Research, in a newly proposed class action lawsuit.
14.02 / 20:07
13.02 / 19:56
UPS
Platform
coinbase
Gemini
Kraken
Huobi
Crypto Winter Gets Icier Just Days Into New Year
Less than a week into the New Year, the cryptocurrency winter is turning icier as job cuts mount, regulators turn up the heat and firms warn of losses--and there's little sign the tumult will ebb anytime soon.
13.02 / 19:53
CEO
stake
DOJ Seizes SBF's $465 Million Robinhood Stake
The U.S. Department of Justice (DOJ) on Monday seized $465 million in shares of the stock-trading app Robinhood that are partially owned by disgraced former FTX CEO Sam Bankman-Fried, or SBF, who wanted access to the stock to help pay his legal fees.
13.02 / 19:48
Provident
Target
Digital
Platform
Action
coinbase
Gemini
Silvergate Shares Plunge 45% After $8 Billion Crypto Run Is Revealed
Shares of Silvergate Capital Corp., a crypto-focused California bank, lost almost half their value after the Wall Street Journal reported it spent the equivalent of a decade's profit and fired 40% of its workers after investors scrambled to redeem $8.1 billion in the wake of crypto exchange FTX's collapse. Silvergate, based in La Jolla, slid 45% to $12.27 as of 12:20 p.m. New York time. It was the bank's biggest one-day decline since March 12, 2020.
13.02 / 19:06
UPS
Target
Cooper
Aware
CEO
Platform
Fried
Sam
NOT
FTX Founder Sam Bankman-Fried Pleads Not Guilty, Trial in October
Disgraced former FTX CEO Sam Bankman-Fried pleaded not guilty to criminal charges of fraud, conspiracy, campaign finance law violations, and money laundering in a New York federal court, setting up a legal battle with his former business partners.
13.02 / 18:58
IPO
Booking
NASDAQ
BlackRock
NXT
Solar
Solar tech company Nextracker prices above range at $24 a share in good sign for IPO market
The solar technology company Nextracker priced its initial public offering just above its stated $20 to $23 per share range, people with knowledge of the transaction told CNBC.
13.02 / 18:32
UPS
Cooper
CEO
Platform
Fried
Sam
bail
Sam Bankman-Fried to Be Released on $250 Million Bail
Sam Bankman-Fried will be freed on $250 million bail after he was extradited to New York to face criminal fraud charges from the collapse of FTX, the failed crypto trading platform. Bankman-Fried, who has previously said he just $100,000 left,will remain under house arrest at his parents' home in Palo Alto, California, wear an electronic monitor and surrender his passport. The ruling by federal judge Gabriel Gorenstein, came a day after he arrived in the U.S. from the Bahamas.
13.02 / 18:25
UPS
Platform
ICE
Bitcoin
Shell
Bitcoin Miner
stake
Bankruptcy Reveals $1 Billion FTX-Tied Stake in Bitcoin Miner
Failed crypto tycoon Sam Bankman-Fried invested $1 billion into Genesis Digital Assets, a bitcoin miner in Kazakhstan, just months before the collapse of his FTX platform heralded a crypto winter that's looking more like an ice age. Bankman-Fried made the investment, the crypto exchange's biggest, through Alameda Research, the FTX-linked hedge fund that's at the center of his firm's bankruptcy, the Wall Street Journal reported.
12.02 / 13:39
Law
Adoption
Investments
bills
legislation
Crypto Companies
Consumer Federation of California reattempts to regulate crypto companies
The Consumer Federation of California (CFC), a nonprofit advocacy organization working for consumer rights, sponsored a bill that seeks to license and regulate the activities of cryptocurrency exchanges.
10.02 / 18:39
10.02 / 13:47
SEC
Legal
IRS
Kraken
Tax
DOJ
Customers
The IRS is Taking Action to Uncover Identities of This Crypto Exchange's Customers – Who Will Be Affected?
According to the Internal Revenue Service (IRS), the American tax authority, Kraken, the giant crypto exchange, failed to provide requested information regarding its US customers who conducted crypto transactions worth $20,000 or more between 2016 and 2020.
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