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GTA Online Publisher Execs Get $72M Thanks To Player Spending
1.8.2023
According to new documents, GTA, Borderlands, and NBA 2K publisher Take-Two Interactive is paying two of its top execs over $70 million this year, over twice what it paid the same executives last year. And that number could increase next year, as players continue to spend more and more on in-game...
QI Research’s DiMartino Booth Foresees ‘Full Damage’ Yet to Unfold in US Banking Sector
31.7.2023
Danielle DiMartino Booth, holding the dual roles of CEO and chief strategist at QI Research, foresees that the 22-year peak in interest rates set by the Fed is merely a precursor to what’s to come. She anticipates further upheaval within the banking industry. The strategist articulated...
Crypto Biz: Elon Musk’s X targets financial services, PacWest emergency rescue and more
28.7.2023
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
Wallex.US Wallet Sponsors US Open of Surfing – One of the Largest Sports Festivals in the World
26.7.2023
The newly launched a non-custodial crypto and defi wallet app Wallex.US is making a big splash by becoming the first ever cryptocurrency company sponsoring a major surfing event. The 2023 Wallex US Open of Surfing will be held in Huntington Beach, California, from July 29 through August 6, 2023....
PacWest stock flash crash recovers after rescue merger with Banc of Cali
26.7.2023
PacWest shares crashed 27% before recovering on a rescue acquisition by the smaller Banc of California
Microsoft And Sony Finally Reach Deal For The Future Of Call Of Duty On PlayStation
16.7.2023
Microsoft and Sony have finally reached a deal for keeping Call of Duty on PlayStation once the Activision Blizzard merger goes through. The surprise agreement comes after months of fighting between the two companies, that included a court battle with the FTC, and is a sign the acquisition is...
Coinbase to Pause Staking in California, New Jersey, South Carolina and Wisconsin
14.7.2023
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ChatGPT maker Open AI hit with class-action lawsuit over alleged data theft
29.6.2023
AI tech has gained a lot of traction over the past year so much so that the EU and US have already proposed legislation around the nascent tech
Jump Trading seeks to move Terra class action suit to California
13.6.2023
The lawsuit, initially filed on May 9, alleges the firm and its CEO was involved in a price manipulation scheme tied to the TerraUSD stablecoin
Kim Kardashian EMAX Suit to Proceed as Court Considers Updated Complaint
7.6.2023
A California judge backtracked on a tentative ruling to dismiss the allegations against the reality TV star after receiving a more detailed complaint
Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’
26.5.2023
The mining firm, which has been embroiled in several legal battles, describes an elaborate fraud scheme for a $150 million contract
Bitcoin Voucher Provider Azteco Secures $6 Million Funding Round Led by Jack Dorsey
20.5.2023
On Thursday, California-based bitcoin voucher company Azteco revealed it had garnered $6 million in seed funding through a round spearheaded by Block, Inc.’s CEO and chairperson, Jack Dorsey. Azteco stated that the newly acquired capital would further its objective to “provide...
SEC Probes First Republic Bank Executives for Insider Trading; Lawmakers Dump Bank’s Shares Before Collapse
6.5.2023
After the second largest bank failure in history, the U.S. Securities and Exchange Commission (SEC) is reportedly investigating First Republic Bank executives for allegedly engaging in insider trading. Two sources have claimed that the securities regulator is scrutinizing the bank’s...
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