State California Financial News

18.01 / 20:23

business regulation Fraud crimes FTX fallout: SBF trial could set precedent for the crypto industry

After the collapse of major cryptocurrency exchange FTX in November 2022, former CEO Sam “SBF” Bankman-Fried was arrested by Bahaman authorities on Dec. 12. Just a day later, the United States Securities and Exchange Commission and Commodity Futures Trading Commission filed charges against him for allegedly defrauding investors and violating securities laws.

18.01 / 19:19

Blockchain Ethereum Provident Cooper tracking California Cannabis Grower Using Blockchain For Tracking

A cannabis nursery located in California has used blockchain technology and smart contracts in order to confirm the genuineness of the therapeutic plants they sell.

16.01 / 07:05

business Blockchain Cannabis California cannabis producer adopts blockchain to track its weed

A California-based cannabis nursery has turned to blockchain and smart contracts to verify the authenticity of its medicinal plants.

14.01 / 00:47

Law regulation crimes raid Bulgarian authorities charge four individuals following raid on Nexo office: Report

Less than 48 hours after a raid on cryptocurrency lender Nexo’s offices in the Bulgarian capital of Sofia, prosecutors have reportedly charged four people.

13.01 / 08:11

regulation Department Of Justice Fraud 800 victims of 'massive' Bitconnect fraud to receive $17M restitution

A group of crypto fraud victims of the BitConnect investment scheme will see some respite from the multi-billion dollar fraud scheme after a court ordered they receive a share in a $17 million restitution.

13.01 / 01:09

Government Congress us house House Republicans US House Republicans plan to establish crypto-focused subcommittee: Report

Republicans in the United States House of Representatives reportedly plan to step up their oversight of the crypto industry with the creation of a new subcommittee.

12.01 / 21:05

cryptocurrency FTX FTX founder makes first detailed response to fraud charges

am Bankman-Fried, the disgraced cryptocurrency executive, on Thursday made his first detailed response to the criminal charges filed against him last month, arguing that the millions of customers of his collapsed exchange, FTX, could still get their money back.

12.01 / 05:23

Law CFTC Court Ooki DAO misses lawsuit response deadline, default judgment on the cards

The Commodity Futures Trading Commission (CFTC) has begun the process of getting a default judgment in its case against Ooki DAO after the latter missed the deadline to respond to the lawsuit.

12.01 / 01:51

business FTX Bankruptcy Miami-Dade gains right to remove FTX name from Heat arena

Miami-Dade County will soon start to remove FTX's advertising brand from the NBA’s Miami Heat arena, after granting the right from a United States bankruptcy judge in Delaware on Jan. 11, the Associated Press reports.

12.01 / 01:51

business Southern Nov banking Time Silvergate hit with another class-action suit, this time for securities law violations

A class-action suit was filed against Silvergate Capital, operator of the Silvergate Exchange Network and parent company of Silvergate Bank, in United States District Court of Southern California on Jan. 10. The suit was filed on the behalf of all purchasers of Silvergate securities between November 9, 2021, and January 5, 2023, claiming violations of the Securities Exchange Act of 1934.

11.01 / 16:41

cryptocurrency Bloomberg Opinion Crypto's Hotel California traps the Winklevoss twins

You can get into crypto any time you like, but can you ever leave? A fierce $900 million Bitcoin feud between the billionaire Winklevoss twins and Barry Silbert suggests the virtual currency bubble’s main legacy is a version of Hotel California, with clients desperately hoping for fresh money to pick up the tab — or a change in management that will let them check out.

11.01 / 04:29

business Binance security Court Deal National Initial approval given for Voyager and Binance.US deal amid national security probe

Bankrupt crypto lender Voyager Digital received initial court approval for its proposal to sell its assets to Binance.US for $1.02 billion amid a national security probe Voyager is seeking to speed up.

05.01 / 02:37

Robinhood regulation FTX Bankruptcy US authorities are seizing $460M in Robinhood shares tied to FTX: Report

The United States Departure of Justice has reportedly seized or was in the process of seizing more than $400 million worth of Robinhood shares linked to FTX as part of the case against the crypto exchange.

05.01 / 00:11

Government regulation Congress Investigations US Congress investigations into FTX are in limbo without a House Speaker

At the time of publication, the United States House of Representatives was at a historic standstill in its process of choosing a Speaker for the 118th Congress — a quagmire that could lead to lawmakers delaying committee hearings.

04.01 / 10:57

Provident Waves boost Blackstone’s BREIT scores $4bn boost from University of California

The University of California is putting $4bn into a Blackstone real estate vehicle aimed at individual investors, providing crucial ballast for a fund that has been beset by a wave of redemptions.

03.01 / 23:01

Law regulation crimes FTX Fried Sam NOT Sam Bankman-Fried enters not guilty plea for all counts in federal court

Former FTX chief executive officer Sam Bankman-Fried has pled not guilty to all criminal charges he’s facing related to the collapse of the crypto exchange including wire fraud, securities fraud, and violations of campaign finance laws.

03.01 / 20:23

cryptocurrency FTX Fried FTX fraud Sam fraud case NOT Sam Bankman-Fried set to enter not guilty plea in FTX fraud case

Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar with the matter.

03.01 / 14:47

Prison Fried Sam Sam Bankman-Fried admits inability to communicate from prison ‘drove him mad’

From the confines of his parents’ Palo Alto home, Sam Bankman-Fried is still giving interviews.

30.12 / 15:49

business FTX Court Here's how SBF’s fake electronics outlet 'North Dimension' looks like

As the malpractices of the FTX continue to pop up and be uncovered by the prosecution, it turns out the disgraced crypto exchange’s customers were sending money to a fake electronic online shop, which was reportedly opened by Sam Bankman-Fried.

29.12 / 16:01

Strategy Software Your manager’s new year promises could force you to push yourself harder

There's something that the strategy and development team at AppFolio should know about their boss: His New Year's resolution is to get into a fistfight.

29.12 / 14:01

FTX SBF Fried Sam Sam Bankman-Fried to Enter Plea in Case Alleging Fraud and Embezzlement at FTX Cryptocurrency Exchange

In another installment of Sam Bankman-Fried’s legal woes in the aftermath of the collapse of crypto exchange FTX, the platform’s co-founder is now expected to enter a plea next week related to criminal charges he defrauded investors and stole billions of dollars in customer funds.

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