State California Financial News
01.09 / 13:07
Law
regulation
California State Assembly passes bill for licensing and regulating crypto firms
Lawmakers in California State Assembly 71-0 passed the Digital Financial Assets Law, also known as AB 2269, on Tuesday, Aug. 30. The bill is now in the hands of the state’s governor Gavin Newsom, who will either set it into motion or veto it completely.
01.09 / 08:57
Ethereum
Report
Bitcoin
CoinGecko reveals the US state most interested in Bitcoin and Ethereum
The Golden State of California may be America's most inquisitive state about Bitcoin (BTC) and Ethereum (ETH), new data from CoinGecko has revealed.
27.08 / 13:01
NASA
Europe's energy crisis
Pope Francis creates 20 new cardinals who may choose his successor
Pope Francis is creating 20 new cardinals on Saturday, a further step in the preparation of his succession.
26.08 / 21:57
25.08 / 00:57
CBDC
Adoption
regulation
ECB
digital euro
services
Bank of Finland governor says digital euro could facilitate pan-European services to consumers
In a novel address at the University of California Berkley published on Wednesday, Olli Rehn, governor of the Bank of Finland, touted the possibility of a digital euro centralized bank digital currency (CBDC) functioning in tandem with private fintech solutions to facilitate the cross-border payment of services across Europe.
24.08 / 15:42
cryptocurrency
Digital Currency
CryptoExplainer
digital euro
European Policymaker Sees Several Benefits To Possible Digital Euro
ECB's Rehn sees several benefits to possible digital euro
24.08 / 12:19
Platform
Action
coinbase
class action
Customers
Class Action lawsuit claims Coinbase failed to protect customers from fraud
These latest breaches occurred less than a year after Coinbase settled similar claims by the California Attorney General and paid $300 million. The suit allege that the company was indifferent to consumers’ losses.
22.08 / 14:09
UPS
Waves
Manufacturing
Droughts Hurt World’s Largest Economies
Severe droughts across the Northern Hemisphere—stretching from the farms of California to waterways in Europe and China—are further snarling supply chains and driving up the prices of food and energy, adding pressure to a global trade system already under stress.
17.08 / 03:05
BURST
Michael Lewis: Banking has become a world of ‘pointless respectability’
Michael Lewis bursts onto the screen with smiles and hellos – bubbly, friendly, with a passionate, infectious enthusiasm that seeps out on the page, but is even more palpable in person (well, by video call). He gushes about London, how much it has changed since the seven-year period in the 1980s when he studied at the London School of Economics and then sold bonds at Salomon Brothers’ UK headquarters.
17.08 / 01:07
regulation
Taxes
Customers
IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers
The Central District of California federal court entered an order Monday to authorize the United States Internal Revenue Service (IRS) to serve a John Doe summons on SFOX, a Los Angeles-based cryptocurrency prime dealer. The IRS filed suit to receive the order, which directs SFOX to reveal the identities of customers who are U.S. taxpayers and documents relating to their cryptocurrency transactions equivalent to at least $20,000 carried out between 2016 and 2021.
10.08 / 18:31
Waters
Action
Equifax
Equifax Should Face Curbs on Selling Credit Scores, Maxine Waters Says
A top-ranking Democrat is calling on a federal regulator to take action against Equifax Inc. for its erroneous credit scores.
10.08 / 14:09
business
Law
regulation
California
California regulator orders Celsius to stop selling securities in the state
The Department of Financial Protection and Innovation of California (DFPI) continues to bring actions against crypto interest account providers, failing to comply with the local law. After commanding BlockFi and Voyager to stop their offerings in the state, the DFPI issued a desist and refrain order to crypto lending firm Celsius.
09.08 / 00:07
Blockchain
Technology
regulation
Circle freezes blacklisted Tornado Cash smart contract addresses
According to crypto data aggregator Dune Analytics, on Monday, Circle, the issuer of the USD Coin stablecoin (USDC), froze over 75,000 USDC worth of funds linked to the 44 Tornado Cash addresses sanctioned by the U.S. Office of Foreign Assets Control's (OFAC) Specially Designated Nationals and Blocked Persons (SDN) list. Tornado Cash is a decentralized application, or dApp, used to obfuscate the trail of previous cryptocurrency transactions on the Ethereum blockchain.
08.08 / 09:35
Booking
Michael Lewis teases new Wall Street book: ‘You’ll learn all about crypto’
Author Michael Lewis is being coy about his next project.
05.08 / 14:33
cryptocurrency
BLOCK
crypto winter
Bitcoin
Block Shares Slip After Crypto Winter Dampens Quarterly Results
Block on Thursday reported a loss of 36 cents per share in the second quarter.
05.08 / 11:25
regulation
crimes
Bitcoin
Extradition
Alexander Vinnik reportedly en route to the US after extradition
Accused BTC-e operator Alexander Vinnik has reportedly been extradited to America to face up to multiple charges relating to money laundering while working at the now-defunct cryptocurrency exchange.
04.08 / 19:31
02.08 / 17:05
29.07 / 16:41
Adoption
applications
Bitcoin
New social apps want to help Bitcoiners connect in real life
Finding real love starts with Bitcoin (BTC). That’s according to the founders of Bitcoiner dating service The Orange Pill App and LoveisBitcoin. The services join a growing list of ways in which Bitcoin enthusiasts can meet, chat and now fall in love “IRL” (in real life.)
28.07 / 12:57
Apple
Legal
Zuckerberg Braces for Battle with Apple over Metaverse as Regulator Warns about Meta’s 'Virtual Empire'
Facebook’s parent company Meta and tech giant Apple are locked in a “very deep, philosophical competition” to build the metaverse, with each business trying to determine “what direction the internet should go in,” the social media platform’s founder and CEO Mark Zuckerberg reportedly said. Meanwhile, a regulator is concerned about "Meta’s virtual reality empire."
28.07 / 07:23
Facebook
cryptocurrency
Meta
Drop
Facebook Owner Meta Posts First-Ever Drop In Revenue
Meta Platforms reported mixed results for user growth.
what's happening in state California
What is the current situation in state California?
In state California, the spotlight is on local government initiatives that impact the interests of residents.
Where can I find reliable news about state California?
We publish in-depth coverage about the situation in state California, based on information from official representatives.
What shapes the media agenda in state California?
The news landscape of state California is shaped by the region’s internal dynamics, reflecting its local way of life.
