State California Financial News
28.07 / 02:35
Facebook
Law
regulation
FTC files lawsuit against Meta over attempted monopolization of metaverse
The United States Federal Trade Commission, or FTC, has filed a lawsuit against Meta and CEO Mark Zuckerberg in an attempt to stop the social media giant from “its ultimate goal of owning the entire ‘metaverse’.”
27.07 / 21:13
coinbase
NFT platform
Cryptoverse
Cryptoverse: What crisis? Venture capitalists bet big on crypto
venture capitalists are pouring money into digital currency and blockchain startups at a pace that's set to outstrip last year's record. In the first half of the year, VCs bet $17.5 billion on such firms, according to data from PitchBook. That puts investment on course to top the record $26.9 billion raised last year, a warmer and happier time for bitcoin and co. «The current market conditions — I don't think they faze investors,» said Roderik
27.07 / 05:59
cryptocurrency
Crime
scam
pig butchering
'Pig Butchering' Crypto Investment Scams Delivered 'Massive Losses' to Victims
An emerging and rather complex form of investment scam known as “pig butchering,” wherein flirtatious strangers convince unsuspecting users to invest in crypto trading platforms that eventually seize funds when victims try to cash out, has reportedly robbed victims of millions of dollars worth of cryptoassets.
26.07 / 15:49
Blockchain
COP
UBS
Moelis
UK crypto
The Fintech Files: Moelis bites on blockchain, UK crypto cops grow some teeth
Ken Moelis, the billionaire former president of UBS, is no stranger to the turbulent world of crypto. He has a personal investment in Paxos, a blockchain firm, and last year likened the industry to the California gold rush of 1848.
26.07 / 11:45
26.07 / 09:53
cryptocurrency
NOT
What Crisis? Not All Gloom And Doom, Venture Capitalists Bet Big On Crypto
Cryptoverse: What crisis? Venture capitalists bet big on crypto
25.07 / 18:01
business
cryptocurrency
Meta
Ex-Meta staffers raise $150 million for new crypto venture
Aptos Labs, a startup that rose from the wreckage of Meta Platforms Inc.’s failed crypto ambitions, has raised $150 million in new funding, the company announced Monday.
22.07 / 22:07
regulation
California
California again allows crypto contributions to state, local political campaigns
Candidates for state and local office in California will once again be allowed to accept donations in cryptocurrency, after a ban was lifted by the state Fair Political Practices Commission (FPPC) on July 21. The ban was imposed in 2018.
20.07 / 20:57
The reason behind a mysterious trading surge in stocks like Berkshire Hathaway has been revealed
Berkshire Hathaway's Class A shares is among the stock market's most expensive stocks priced above $400K a share and therefore it was often one of the least traded well-known companies. So a surge in volume that began over a year ago left many scratching their heads.
18.07 / 16:05
privacy
Metaverse
Society
Meta
This Is Why How We Describe Metaverse Makes Difference
Tom Boellstorff, Professor of Anthropology, the University of California, Irvine. _____
14.07 / 19:59
business
Robinhood
Gemini
data
network
Data transfer network Plaid integrates 4 major crypto exchanges
United States data transfer network Plaid has added four major cryptocurrency exchanges to its platform, giving users the ability to connect their digital asset portfolios to other applications more easily.
13.07 / 11:19
Provident
Celsius Still in Hotspot Despite Repayments and Is ‘Likely Deeply Insolvent,’ Regulator Claims
Crypto turmoil (yes, you guessed it) continues – and one of its key protagonists, the troubled crypto lender Celsius (CEL) remains…well...troubled.
13.07 / 06:09
business
regulation
us government
California
California regulator investigating crypto interest accounts
The California Department of Financial Protection and Innovation (DFPI) has warned consumers to “exercise extreme caution” when dealing with interest-bearing crypto-asset accounts.
10.07 / 07:09
Ripple
SEC
Action
Santiment
SOL’s 3.2% hike in 24 hours despite a lawsuit against Solana Labs means…
The latest crypto legal battle that is underway happens to be against Solana Labs among others. The class-action lawsuit has been filed on behalf of Mark Young, a holder of SOL tokens. With the SEC v Ripple seeing no immediate solution, could another legal scrutiny dent the optimism of the crypto community?
08.07 / 08:03
Law
regulation
solana
security
class action
Class action lawsuit claims Solana's SOL is an unregistered security
Solana Labs is the latest crypto company to be hit with a lawsuit accusing it of promoting an unregistered security.
07.07 / 23:51
UPS
Target
SEC
Action
class action
Solana under attack – SOL investor files class action claiming ‘securities violations’
Key members of the Solana ecosystem are the target of a class-action lawsuit filed last week before a court in California. They are accused of illegally benefitting from SOL, the blockchain’s native token, which the lawsuit claims is an unregistered security.
07.07 / 14:39
UPS
Target
solana
Legal
class action
New Class Action Lawsuit Targets Solana In California
Solana Labs, the entity behind the Solana (SOL) blockchain, has found itself targeted by a new class-action lawsuit filed with a California court.
06.07 / 17:15
NFT
Tokens
Crypto Collectibles
Digital Asset
Cat-themed NFT collection feline confident as they unveil ambitious roadmap
A new NFT collection is driven by Egyptian mythology — and has bold ambitions to be at the heart of an immortal world.
06.07 / 15:57
Blockchain
Disney
Gaming
Future
Q&A: What does the future of Web3 really look like?
Chris Wang has done it all. As well as selling a business to Disney for hundreds of millions of dollars, he was one of Web3's earliest champions.
06.07 / 08:29
cryptocurrency
Digital
Bitcoin
US States Shelve Plans To Accept Bitcoin Tax Payments Amid Crypto Crash
Bitcoin alone has plummeted more than 70% since November 9.
01.07 / 09:03
NFT
Crypto Collectibles
Marketplace
Hundreds of Bored Ape owners sign up to hire out their NFTs to brands
Hundreds of Bored Ape owners have signed up to a new NFT licensing marketplace that enables hodlers to rent out their Ape’s IP to brands.
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