[Feb 13, 2024 1:39 PM] The U.S. crypto industry's most prominent campaign-finance organization, Fairshake, is going after Sen. Katie Porter (D-Calif.), spending a part of its war chest to try to derail the progressive lawmaker.
[Oct 26, 2023 12:00 AM] On October 13, 2023, California enacted the Digital Financial Assets law. This law is California’s first comprehensive framework for regulation of digital asset markets, and some of its provisions may sound familiar to those versed in the state’s…
[Oct 23, 2023 9:37 AM] A new legislative investigation found some crypto ATMs charging a premium as high as 33%, while a few ATMs had limits of up to $50,000.
[Oct 18, 2023 8:00 AM] Crypto insiders feel they've been burned before in the cauldron of New York’s BitLicense, but they fell that California’s implementation leaves some room for hope.
[Oct 12, 2023 7:30 AM] In the heart of Sacramento, a quiet drama unfolds. As California’s legislative session concludes, two pivotal crypto regulatory bills, AB 39 and SB 401, stand on the cusp of becoming state law. These developments carry profound implications for the…
[Oct 2, 2023 12:40 PM] Silvergate Bank transformed from a community lender to a high-flying crypto bank without its Federal Reserve examiners raising an alarm, according to a report from the Federal Reserve’s Office of Inspector General (OIG), allowing the bank to take…
[Aug 11, 2023 2:50 AM] The California Fair Political Practices Commission has released disclosure requirements for cryptocurrency contributions to political candidates and committees.
[Jul 28, 2023 12:00 PM] This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more.
[Jun 29, 2023 2:56 AM] AI technology has gained a lot of traction over the past year, with the European Union and the United States already proposing legislation to regulate the nascent tech.
[Jun 8, 2023 6:00 AM] This is an opinion editorial by Dom Bei, the former Santa Monica Firefighters Union president.Author’s note: Pension issues have been in and out of the media for decades. My own background and perspective on these issues come from over a decade of…
[Jun 7, 2023 5:34 AM] A California judge backtracked on a tentative ruling to dismiss the allegations against the reality TV star after receiving a more detailed complaint.
[May 2, 2023 12:15 AM] The proposed class action lawsuit alleges the exchange violated privacy laws in Illinois when it collected and stored users' fingerprints and facial scans.
[May 1, 2023 6:35 AM] On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the…
[May 1, 2023 2:05 AM] Banking giant JPMorgan will take over the assets of the troubled First Republic Bank after its seizure by the California Department of Financial Protection and Innovation.
[Apr 27, 2023 7:50 AM] Santa Cruz voted to approve the use of a blockchain-based digital wallet for government services and official documentation and is set to begin a pilot program in July 2023.
[Apr 19, 2023 4:00 AM] After announcing the production of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor chip manufacturer by revenue, appears to be abandoning its blockchain chip production. On Tuesday, a…
[Apr 6, 2023 1:00 PM] The investigation looked into complaints of Robinhood’s system outages that caused users to miss out on trades while many of its services were unavailable.
[Mar 27, 2023 9:13 PM] At least 111 BlockFi borrowers had continued repaying loans between Nov. 11 and Nov. 22, even though they didn't need to, according to court documents.
[Mar 14, 2023 1:30 PM] The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would…
[Feb 24, 2023 2:30 AM] Google Cloud, the remote services division of the software giant, has announced a partnership with blockchain company Tezos to become a block validator (“baker”) in its network. As part of this partnership, Google Cloud will also offer…
[Feb 16, 2023 10:15 PM] The regulator receives thousands of consumer and investor complaints about possible crypto scams each year, and it appears it’s done something with the information.
[Feb 15, 2023 7:44 PM] Sam Bankman-Fried is, for the most part, still able to freely access the internet through various devices. Prosecutors want to change that.
[Feb 12, 2023 3:16 AM] Assemblymember Timothy Grayson introduced the Digital Financial Assets Law to protect Californians from financial hardship and foster responsible innovation.
[Jan 27, 2023 5:30 PM] The Department of Motor Vehicles (DMV) in California is running a project to digitize all of its titles and put them on a blockchain. The project, which will use the Tezos blockchain and has the assistance of Oxhead Alpha, a crypto dev company…
[Jan 11, 2023 6:10 PM] The commodities regulator has begun the process of getting a court ruling on the Ooki DAO case after the latter failed to respond to the lawsuit by the deadline.
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