State Massachusets Financial News

12.03 / 04:37

Kellogg Reserve Who Is Janice Eberly, Leading Candidate for a Top Federal Reserve Job?

Janice Eberly, the front-runner for the Federal Reserve’s No. 2 job, would come to the position with experience in academia, policy-making and research into the central bank’s past efforts to spur the economy’s recovery from recession.

11.03 / 14:09

Kellogg Reserve Who Is Janice Eberly, Leading Candidate for a Top Federal Reserve Job?

10.03 / 20:25

business Government Banks Bitcoin Regulation Silicon Valley Bank shut down by California regulator

Silicon Valley Bank, a major financial institution for venture-backed companies, was shut down by California’s financial watchdog on March 10 — marking the first Federal Deposit Insurance Corporation-insured bank to fail in 2023.

10.03 / 15:33

Kellogg Reserve Who Is Janice Eberly, Leading Candidate for a Top Federal Reserve Job?

10.03 / 00:37

Kellogg Reserve Who Is Janice Eberly, Leading Candidate for a Top Federal Reserve Job?

07.03 / 01:15

Binance SEC crypto regulation WOO regulatory Binance's Efforts to Woo SEC Chairman Gensler for US Regulatory Relations Uncovered – Here's What Happened

Binance approached US Securities and Exchange Commission chairman Gary Gensler in 2018 and 2019 to become an advisor for the firm. That’s according to a new bombshell report published by the Wall Street Journal on Sunday, which claims that Binance embarked on a campaign to “neutralize” US authorities out of fear of prosecution, citing messages and documents from 2018 to 2020.

06.03 / 00:41

business Binance regulation SEC U.S. regulators Binance tried to hire Gary Gensler in 2018 for closer ties with U.S. regulators: Report

Update (March 5, 9:22 p.m. UTC): This article has been updated to include Binance's response.

03.03 / 01:43

regulation Metaverse Congress Meta Meta Ceo lawmaker NOT US lawmaker behind crypto mining legislation urges Zuck not to offer metaverse to teenagers

Two United States senators have penned a letter asking Meta CEO Mark Zuckerberg to halt a plan to allow young adults to access the firm’s metaverse platform, Horizon Worlds.

24.02 / 09:03

Mining regulation Court Electricity Bitcoin Man faces arrest over alleged crypto mine hidden under a school

A former facilities worker who allegedly set up a secret cryptocurrency mining operation inside a Massachusetts school’s crawl space is due for arrest after missing a scheduled court hearing to answer to charges.

24.02 / 02:25

Provident Software Bosch and Fetch.ai to Create Foundation to Fund Development of Web3

A grant program with a budget of one hundred million dollars will be made available as a result of the partnership between Bosch and Fetch.ai. Everyone will be welcome to participate in this endeavor. The initiative will provide financial assistance in order to promote research into the development of decentralized technologies, in addition to Web 3 and artificial intelligence (AI).

20.02 / 18:07

Blockchain Adoption Digital CEO Compilation Discover Cointelegraph Profiles Cointelegraph Top 100 profiles 11–20: Getting down to the 2023 finals

In early February, Cointelegraph started unveiling its 2023 Top 100 list of the finest heroes and worst villains expected to impact the crypto and blockchain space in the year ahead. The list compiles the votes of Cointelegraph readers and staff who decided which players had the most significant impact on the sector in 2022 and who will likely make the biggest splash in 2023. Profiles have been released in batches of 10, starting from No. 100.

01.02 / 05:53

business regulation Fraud us government Gold marketing advertisement Founder of $7.5M 'brazen fraud scheme' to see 8 years behind bars

Founder of “My Big Coin” and convicted fraudster Randall Crater has been sentenced to 100 months in prison and has been ordered to pay over $7.6 million to the victims of his fraudulent scheme.

26.01 / 09:27

business Blockchain SEC us government Congress Senate Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren

United States senator and crypto skeptic Elizabeth Warren wants the Securities Exchange Commission (SEC) to “double down” on its crypto enforcement efforts, highlighting that the cryptocurrency industry is running “scared” for what’s to come next.

13.01 / 22:55

CBDC Adoption MIT, Maiden Labs examine CBDC inclusiveness issues in report from 4 countries

The Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) and associated organizations marshaled a sizable team of researchers in four low- and middle-income countries — India, Indonesia, Nigeria and Mexico — to study inclusion issues related to retail central bank digital currency (CBDC) design. They released the results of their 15-month research project on Jan. 13.

05.01 / 09:29

business Law Hackers data LastPass data breach led to $53K in Bitcoin stolen, lawsuit alleges

A class action lawsuit has been filed against password management service LastPass following a data breach from Aug. 2022.

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.

26.12 / 22:47

CBDC Adoption Federal Reserve Digital Dollar Project Hamilton has concluded, weeks after legislators’ enquiry, according to Boston Fed

Project Hamilton, the research project of the United States Federal Reserve Bank of Boston and Massachusetts Institute of Technology (MIT), announced its conclusion in the runup to Christmas. The two-year project looked at the technical aspects of a hypothetical United States digital dollar central bank digital currency (CBDC).

15.12 / 15:25

regulation Money laundering AIM Senator Warren Takes Aim at 'Rogue Nations' Using Crypto for Terrorism and Sanction Evasion

Senator Elizabeth Warren has put forward a bipartisan bill that aims to crack down on money laundering loopholes in the crypto industry.

09.12 / 00:57

regulation Energy Congress lawmakers US lawmakers Crypto miners US lawmakers introduce bill aimed at reporting on crypto miners' potential environmental impact

Three United States lawmakers have introduced legislation that would direct the Environmental Protection Agency, or EPA, to report on the energy usage and environmental impact of crypto miners.

08.12 / 21:39

Law regulation Banks Congress lawmakers US lawmakers US lawmakers question federal regulators on banks' ties to crypto firms

Two members of the United States Senate have called on the heads of federal financial regulators to address “ties between the banking industry and cryptocurrency firms” in the wake of FTX’s collapse.

01.12 / 01:09

Law regulation Senate Sen. Warren: Biden administration worked to stop crypto being 'dangerously intertwined' with banks

Referring to the events surrounding the collapse of FTX as “a handful of magic beans”, Massachusetts Senator Elizabeth Warren seemed to frame the “contagion” spreading through the crypto space as a partisan issue.

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