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2022 Gave Us Elon Musk Drama Every Month
7.12.2022
Whether you like it or not, Tesla/SpaceX/The Boring Company/Twitter/Neuralink CEO Elon Musk is inherently influential as the planet’s wealthiest person, and his influence covers a lot of ground—including that which is currently going on in the video game world. Not exclusively, since Musk’s year...
Blockchain Entrepreneur Arrested in California on Fraud Charges
7.12.2022
Rikesh Thapa is accused of bilking his start-up firm of over $1 million in U.S. currency, cryptocurrency and utility tokens
Bankruptcy Lawyers Say FTX Was Operated by ‘Inexperienced and Unsophisticated Individuals’
23.11.2022
On Tuesday, the attorneys representing FTX told the court that a “substantial amount of assets have either been stolen or are missing” and further stressed to the bankruptcy court that FTX executives left the lawyers James Bromley and Sullivan Cromwell with limited information. Bromley further...
California Finance Regulator Moves to Suspend Crypto Lender Salt’s License
16.11.2022
Salt announced on Tuesday it was pausing customer withdrawals due to the impact of FTX’s collapse
California AG issues warning-ladened guidance for public interested in buying crypto
15.11.2022
In an effort to help consumers “avoid the hype, [and] get the facts,” Rob Bonta has created a page on crypto buying dominated by lists of scams, red flags and other unpleasantness
California Finance Regulator Revokes BlockFi's Lending License
11.11.2022
California's Department of Financial Protection and Innovation announced Friday it was moving to revoke BlockFi's lending license
California Regulator Reveals Investigation Into FTX’s Failure, Says ‘Crypto Assets Are High-Risk Investments’
11.11.2022
After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of Financial Protection and Innovation (DFPI) published a consumer alert and said the state regulator...
California regulators to investigate FTX crypto exchange collapse
11.11.2022
The California DFPI announced it will open up an investigation as to the “apparent failure” of FTX and says it takes this oversight very seriously
California Financial Regulator Announces FTX Investigation
11.11.2022
California's Department of Financial Protection and Innovation announced it was investigating FTX in a press release late Thursday
Elon Musk faces class-action suit over mass Twitter layoffs
4.11.2022
Elon Musk previously won a similar class-action lawsuit brought by Tesla employees, calling the case “trivial.”
US Officials Charge California Resident With Using Bitcoin to Launder $5.3M in Drug Proceeds
7.10.2022
Federal officials alleged that John Khuu sold fake drugs for cryptocurrency, making over $5 million in the process
California fraud cases highlight the need for a regulatory crackdown on crypto
1.10.2022
Recent cases involving crypto fraud serve as a timely reminder to do your own due diligence until regulators take more action. If something sounds too good to be true, it probably is
California Moves Forward to Allow Vital Records to be Issued on Blockchain
29.9.2022
Californians will have the option of a blockchain-based delivery of their vital records after a new law was approved establishing the technology as an integral part of state recordkeeping
Nexo ‘surprised’ by state regulators' actions, says co-founder
29.9.2022
Kalin Metodiev emphasized that Nexo has been navigating through conversations with regulators for the past couple of years to ensure compliance, and was surprised that this news was “thrown out there in public.”
California Launches Crackdown on 11 Crypto Firms Accused of Operating Ponzi Schemes
28.9.2022
The California Department of Financial Protection and Innovation (DFPI) has cracked down on 11 cryptocurrency companies that are accused of violating California securities laws. Nine of the firms reportedly solicited funds from investors in order to trade cryptocurrencies on the customer’s...
California Regulator Targets 11 Crypto Trading Desks Operating Like 'Ponzis'
27.9.2022
California's financial regulator brought enforcement actions against 11 little-known crypto companies Tuesday, alleging they stole customer funds or operated like Ponzi schemes
Robinhood Debuts Web3 Crypto Wallet to 10K Customers — Beta Version Supports Polygon
27.9.2022
The American financial services company headquartered in Menlo Park, California, Robinhood Markets, Inc., announced the launch of a new non-custodial Web3 crypto wallet on Tuesday and said the product supports the Polygon blockchain network. The application is currently for iOS users only...
California Governor Vetoes 'Premature' Crypto Bill, Russia to Use Digital Ruble w/ China by Next Year, a Debit Card Enables NFT Avatar Customization + More News
27.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: California Governor Vetoes 'Premature' Crypto Bill, Russia to Use Digital Ruble w/ China by Next Year, a Debit Card Enables...
Crypto Lender NEXO Faces Cease-and-Desist Order From California
27.9.2022
All-in-one cryptocurrency platform Nexo has received a cease-and-desist order in the U.S. state of California.
The desist-and-refrain order which was filed by California's Department of Financial Protection and Innovation (DFPI) alleges that Nexo has offered and sold "unqualified securities"...
More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo
27.9.2022
Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo’s Earn Interest Product (EIP) may be in violation...