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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...
Google Cloud to Become Tezos Validator and Offer Validation Services
24.2.2023
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 Tezos validation services through its platform...
US State Regulator Launches Crypto Scam Tracker
21.2.2023
The California Department of Financial Protection and Innovation (DFPI) has launched a cryptocurrency scam tracker to help residents “spot and avoid crypto scams.” The regulator stated: “As reports of new crypto scams emerge, the DFPI will continually update this tracker...
California regulator launches complaint-based crypto scam tracker
17.2.2023
The regulator said it receives thousands of consumer and investor complaints about possible crypto scams each year, and it appears it's done something with the information
CFTC Charges California Firm and CEO With Fraud, Misappropriation of Digital Assets
16.2.2023
The commission alleges the defendants fraudulently solicited over $7 million worth of bitcoin and ether and misappropriated a portion of the funds in a Ponzi-like scheme
SBF won’t be able to play League of Legends under proposed bail changes
16.2.2023
Sam Bankman-Fried is, for the most part, still able to freely access the internet through various devices. Prosecutors want to change that
Consumer Federation of California reattempts to regulate crypto companies
12.2.2023
Assemblymember Timothy Grayson introduced the Digital Financial Assets Law to protect Californians from financial hardship and foster responsible innovation
Real-Life Squid Game Contestants Claim ‘Rigged’ Reality Show Caused ‘Torment and Trauma’
3.2.2023
Remember when we all thought the idea of turning Netflix’s Squid Game into a real-world reality show was a bad idea? Turns out we were right because a bunch of contestants are seeking legal action against the Netflix-produced reality show for unsafe working conditions, trauma, and participating...
Crypto Software Firm President: We're Trying to Make California’s DMV More Efficient With Blockchain
2.2.2023
Car titles that once lived on paper will be reflected as digital assets on-chain, reducing the need for paper title transfers. Andrew Smith, president of blockchain software company Oxhead Alpha, discusses why his firm is turning to the Tezos blockchain to build out the protocol
California DMV to Use Blockchain Technology for Record Keeping
28.1.2023
The Department of Motor Vehicles in California plans to use blockchain technology for record keeping, including the issuance of car ownership and simplifying transfers of such ownership.
The DMV has tapped a private fork of the Tezos blockchain, an open-source blockchain that can execute...
California DMV to digitize car title management system via Tezos
28.1.2023
California DMV’s chief digital officer Ajay Gupta emphasized that the agency is looking to modernize its current systems and bring greater transparency to car title transfers
California DMV Is Putting Its Titles on the Blockchain
28.1.2023
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, aims to allow users to transfer titles as NFTs in...
California cannabis producer adopts blockchain to track its weed
16.1.2023
Clones will be certified with a smart contract on the blockchain to verify their authenticity and genetic lineage
Ooki DAO misses lawsuit response deadline, default judgment on the cards
12.1.2023
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