Search
Coinbase faces suit over alleged privacy violations in biometrics collection
2.5.2023
The proposed class action lawsuit alleges the exchange violated privacy laws in Illinois when it collected and stored users' fingerprints and facial scans
JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators
1.5.2023
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 bank’s financial troubles made it insolvent and unable...
JPMorgan to acquire troubled First Republic Bank
1.5.2023
Banking giant JPMorgan has won the bid to take over all the assets of the troubled First Republic Bank after efforts to revive it failed
California approves blockchain-based digital wallet for gov't services
27.4.2023
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
Chip Giant Intel Abandons Bitcoin ASIC Production
19.4.2023
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 spokesperson for the chip manufacturer explained that...
Texas’ gold-backed digital currency project: Law Decoded, April 3–10
10.4.2023
While Ted Cruz and Ron DeSantis attack the idea of American CBDC, Texan lawmakers propose to create a statewide one
Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm
7.4.2023
The settlement follows an investigation into Robinhood platform outages in March 2020 spearheaded by a regulators in seven states including California and Alabama
US state regulators announce $10M settlement with Robinhood 'for failing investors'
6.4.2023
The investigation looked into complaints of Robinhood's system outages, causing users to miss out on trades while many of the platform's services were unavailable
BlockFi to provide over $100K in refunds to California clients
28.3.2023
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
Bankrupt Crypto Lender BlockFi to Refund More Than $100K to California Clients
27.3.2023
The company will distribute more than $100,000 in loan repayment refunds through its servicer to former clients, pending bankruptcy court approval
California Leads the Way as U.S. Federal, State Agencies Consider Blockchain’s Applications: Bank of America
24.3.2023
The tokenization of vehicle titles could enable fractionalized vehicle ownership, the report said
Meta Winding Down Support for NFTs on Facebook, Instagram
15.3.2023
U.S. tech giant Meta is giving up on operations with non-fungible tokens (NFTs) amid ongoing turbulence in the crypto space. The company allowed creators to share digital collectibles on its leading social media platforms last year. Meta Platforms Cutting Off Support for Non-Fungible Tokens...
Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders
14.3.2023
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 leave the bank in jeopardy. Additionally...
USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement
13.3.2023
The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley...
Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow
12.3.2023
The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators...
Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company
11.3.2023
After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary into bank insolvency procedures. Fallout From SVB Failure Prompts BOE to Close U.K. Branch...
US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual
10.3.2023
After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation closed the financial institution. Insured depositors can withdraw their funds on Monday after the FDIC took over...
Silicon Valley Bank shut down by California regulator
10.3.2023
The FDIC stated that as receiver, it had immediately transferred all insured deposits of Silicon Valley Bank to the newly created Deposit Insurance National Bank of Santa Clara (DINB)
Coinbase Sued by Customer Who Says Exchange Refused to Reimburse Him for $96K Lost in Hack
7.3.2023
The victim alleges Coinbase violated various laws when it failed to pay him for the money he lost
The Disney World Debut Of The Mandalorian & Baby Yoda Was Chaos
2.3.2023
To celebrate the start of The Mandalorian season 3, the eponymous character and his surrogate child, Grogu, appeared for the first time ever at Walt Disney World in Orlando, Florida on March 1—and it was predictably chaotic. While The Mandalorian and not Baby Yoda are regulars at California’s Walt...