State Washington Financial News

12.04 / 09:01

Investments Altcoin Fraud banking Bitcoin Brooklyn court charges former banker for allegedly defrauding crypto investors

The federal court in Brooklyn, New York, charged a former investment banker and registered broker for allegedly defrauding numerous investors by promising profits on fake cryptocurrency investments and misappropriating the funds received to finance his lifestyle.

10.04 / 11:47

More Workers Take Parental Leave as States, Employers Expand Eligibility

Shawna Freeman Lane, 34, continued to teach college-level business by laptop after she gave birth by C-section in 2017. Her husband, Eric Lane, was home with her in Fircrest, Wash., for three weeks. The same thing happened in 2018, when their second child was born—except this time, Mr. Lane only got two weeks at home.

09.04 / 15:07

More Workers Take Parental Leave as States, Employers Expand Eligibility

08.04 / 17:47

More Workers Take Parental Leave as States, Employers Expand Eligibility

06.04 / 20:49

business Government regulation Fraud Washington state DFI warns Eucoinotrade may be engaging in ‘advanced fee fraud’

The Washington State Department of Financial Institutions (DFI) has issued a consumer protection alert addressing the “alleged cryptocurrency exchange” known as Eucoinotrade.

18.03 / 01:53

UPS MET Digital regulation banking National Protego’s conditional national bank status expired without approval: Report

Institutional cryptocurrency custodian Protego’s conditional national trust banking charter has expired without it receiving permanent approval, according to a report in Fortune on March 17. Protego failed to meet pre-conversion requirements, the magazine reported.

02.03 / 13:29

Student-Loan Borrowers Likely Won’t Know for Months if Debt Will Be Forgiven

WASHINGTON—Tens of millions of borrowers face months of uncertainty as the Supreme Court decides the fate of President Biden’s student-loan forgiveness program.

01.03 / 17:01

Student-Loan Borrowers Likely Won’t Know for Months if Debt Will Be Forgiven

WASHINGTON—Tens of millions of borrowers face months of uncertainty as the Supreme Court decides the fate of President Biden’s student loan forgiveness program.

01.03 / 15:21

Borrowers Likely Won’t Know for Months if Student Loans Will Be Forgiven

WASHINGTON—Tens of millions of borrowers face months of uncertainty as the Supreme Court decides the fate of President Biden’s student loan forgiveness program.

09.02 / 19:59

business Mining Loans Bankruptcy Bitfarms Bitfarms settles outstanding loan with BlockFi for $7.75M

Bitcoin (BTC) miner Bitfarms has settled its debt obligations with BlockFi, closing the chapter on its short relationship with the bankrupt cryptocurrency lender.

04.02 / 06:09

business Blockchain economy Job Filecoin Bitcoin Protocol Labs, Chainalysis and Bittrex add to crypto layoff season

Several crypto firms have made job cuts this week amid the ongoing crypto winter, retaining “impactful” employees as they prepare for a “longer downturn.”

02.02 / 06:17

Blockchain Twitter Digital CEO Platform Discover acquires Peer Acquires Elite Team of Engineers Behind Zenly’s Popular 3D Maps

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

20.01 / 01:45

business Blockchain Banks FTX exit FTX-linked Moonstone bank to exit the crypto space

Moonstone Bank, a rural Washington state bank that received an estimated $11.5 million investment from FTX’s sister company, Alameda Research, says that it will be exiting the crypto space and returning to its “original mission” as a community bank.

13.01 / 23:21

business Mining Loans Bitfarms Bitfarms seeks to modify loan facility with BlockFi as bear market drags on

Bitcoin (BTC) mining company Bitfarms has unveiled plans to modify an existing loan agreement with BlockFi — a move the company said would reduce its indebtedness amid the bear market.

03.12 / 16:57

Manufacturing Racing Solar Chinese Solar Manufacturers Dodged U.S. Tariffs, Probe Finds

WASHINGTON—Four leading Chinese solar-cell manufacturers circumvented U.S. tariffs by routing some of their operations through Southeast Asia, a Commerce Department investigation found.

02.12 / 18:19

Manufacturing Racing Solar Chinese Solar Manufacturers Dodged U.S. Tariffs, Probe Finds

WASHINGTON—Four leading Chinese solar-cell manufacturers circumvented U.S. tariffs by routing some of their operations through Southeast Asia, a Commerce Department investigation found, according to people familiar with it.

25.11 / 15:23

Blockchain regulation FTX stake FTX stake in US bank raises concerns about banking loopholes

The bankruptcy proceedings of cryptocurrency exchange FTX have revealed many new aspects of its unethical practices. The latest revelation around its stake in one of the smallest United States banks from rural Washington has raised fresh concerns about its operations and alleged misuse of banking loopholes.

05.10 / 20:37

Digital Platform Action This is what Nexo executives said about solvency concerns

After days of speculation over Nexo’s financial health and solvency, the crypto lender’s executives took to YouTube to answer questions from the community during an Ask Me Anything (AMA) session.

29.09 / 09:07

business SEC security lending Nexo ‘surprised’ by state regulators' actions, says co-founder

Kalin Metodiev, the co-founder and managing partner of crypto lender Nexo stated his firm was “surprised” by the way in which eight state regulators publicly took action against it for securities violations.

27.09 / 15:01

regulation Platform Action Nexo Crypto Lender NEXO Faces Cease-and-Desist Order From California

All-in-one cryptocurrency platform Nexo has received a cease-and-desist order in the U.S. state of California.

27.09 / 01:42

Provident regulation Action security California files order against Nexo interest account, says it’s 8th state to take action

The California Department of Financial Protection & Innovation (DFPI) has filed a desist and refrain order against crypto lending platform Nexo as part of its ongoing investigation of companies offering interest-bearing crypto assets accounts. The agency claims it is joining regulators from seven other American states in taking action against the company. The other states involved are Kentucky, New York, Maryland, Oklahoma, South Carolina, Washington and Vermont, according to CNBC.

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