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$22 Million Crypto Scam Charges in California Highlight Potential Fallout for Hawk Tuah Meme Coin Star
Two California men stand accused of orchestrating a sprawling nonfungible token (NFT) scam that federal prosecutors say netted at least $22 million from unsuspecting investors, placing a sharp spotlight on the dangers in the rapidly expanding cryptocurrency market дальше »
2024-12-23 15:30 | |
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California DMV digitizes 47 million vehicle titles on Avalanche
The California Department of Motor Vehicles (DMV) has digitized 42 million car titles on the Avalanche blockchain, marking a significant step in modernizing its operations. Oxhead Alpha announced the large-scale implementation on July 30, aiming to streamline the title transfer process for California’s 39 million residents. дальше »
2024-7-31 03:16 | |
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California DMV digitizes 42m car titles on blockchain
California’s Department of Motor Vehicles has digitized 42 million car titles using blockchain technology to reduce fraud and minimize the need for in-person visits. The project, conducted in collaboration with tech company Oxhead Alpha on Ava Labs’ Avalanche (AVAX) blockchain,… дальше »
2024-7-31 21:02 | |
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Binance’s Changpeng Zhao Starts Prison Term in California
Changpeng Zhao, former CEO of Binance, began a four-month prison sentence after pleading guilty to enabling money laundering at his exchange. His sentence was shorter than the three years prosecutors sought, and he also agreed to pay a $50 million fine. дальше »
2024-6-1 13:37 | |
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Disbarred California attorney pleads guilty to crypto Ponzi scheme
David Kagel has pled guilty to conspiring to operate a crypto Ponzi scheme that defrauded victims of more than $9.5 million. Disbarred 85-year old former attorney Kagel confessed to participating in a fraudulent crypto Ponzi scheme in which he and… дальше »
2024-5-30 22:10 | |
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Decentralized Social Names Former Meta Exec as COO
Los Angeles, California, 22nd November, 2022, Chainwire Salil Shah joins DeSo after holding exec roles at Meta and Pinterest, most recently leading global go-to-market for Meta Fintech Key Takeaways Salil Shah, former Meta, and Pinterest executive, has joined DeSo, a blockchain platform that has raised $200 million from Sequoia, Andreessen Horowitz, CAA, and Coinbase. дальше »
2022-11-23 16:04 | |
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2 California Men Sentenced to Prison for $1.9M Crypto Grift
Two Orange County, California men were sentenced to prison on Monday for operating a cryptocurrency scam that swindled over 2,000 investors out of a collective $1.9 million, according to the Department of Justice. дальше »
2022-8-2 00:16 | |
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American Premium Water Corp. to acquire CloudXchange DataCentre Inc. to embark on crypto-mining related businesses with earnings guarantee of US$1.5 million for the first 12 months
PLAYA VISTA, California, Apr 25, 2022 – (ACN Newswire) – American Premium Water Corporation (OTC:HIPH) (APW) is pleased to announce that its Board of Directors has approved the acquisition... дальше »
2022-4-26 22:48 | |
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U.S. government goes to court over $11M USDT purportedly stolen by fake Coinbase rep
In April, sharing their Coinbase account credentials with a fraudster had cost a California resident more than $11 million. Now, there might be recourse. дальше »
2021-9-25 18:45 | |
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FTX Purchases Naming Rights to UC Berkeley Football Stadium in $17.5M Deal
In a ten-year deal, cryptocurrency exchange FTX purchased the naming rights of California Memorial Stadium for $17.5 million. The post FTX Purchases Naming Rights to UC Berkeley Football Stadium in $17.5M Deal appeared first on BeInCrypto. дальше »
2021-8-24 20:20 | |
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Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&T
A California judge has dismissed the $200 million in damages claim against the telecom giant AT&T for alleged negligence and fraud. The judge still ruled the telecom company had to answer the lawsuit by Michael Terpin for enabling the theft of $24 million worth of his cryptocurrency after a company agent gave his sim card […] The post Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&T appeared first on Bitcoin News. дальше »
2020-9-11 17:00 | |
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Tezos Foundation to Pay XTZ Token Sale Investors $25M to Settle Class Action Lawsuit
After three years, a long-running class-action lawsuit against Tezos Foundation has come to a close. A U. S. District Judge Richard Seeborg from the Northern District of California approved a $25 million payment by Tezos Foundation to aggrieved investors. дальше »
2020-9-2 22:37 | |
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University of California pays out millions in Bitcoin after ransom attack
The University of California at San Francisco (UCSF) paid out over $1. 14 million in Bitcoin to hackers earlier this week, days after their data was held as ransom by a group of unidentified individuals. дальше »
2020-7-2 00:00 | |
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Hacker Extort 116.4 Bitcoin from University of California San Francisco (UCSF)
The University of California San Francisco (UCSF) paid a ransom of $1.14 million in Bitcoin after a ransomware attack earlier this month, reported BBC News. The Netwalker criminal gang is believed to be behind the hack which was also linked to at least two other ransomware attacks on universities in the past two months. Michigan […] дальше »
2020-7-2 20:37 | |
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Coronavirus Hit Economy: 1 Million Unemployment Claims in California in Less than Two Weeks
Coinspeaker Coronavirus Hit Economy: 1 Million Unemployment Claims in California in Less than Two WeeksCalifornia has averaged 106,000 unemployment claims daily, nearly 750,000 in a week, or 3. дальше »
2020-3-26 13:31 | |
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U.S. Futures Crushed as California Records Million Unemployment Claims
The U.S. stock market is set to decline by around 1.8% as investors anticipate the unemployment rate of the country to spike further. The post U.S. Futures Crushed as California Records Million Unemployment Claims appeared first on CCN.com дальше »
2020-3-26 11:42 | |
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Crypto CEO Wants to Buy Mexico’s Presidential Jet With Amero Tokens
Mexico-based crypto exchange operator Isatech intends to buy the country’s presidential jet for $138 million worth of tokens and a large piece of land, among other things. Crypto Company Wants to Use its Tokens to Buy Aircraft If Isatech’s bold plan succeeds, it means the Mexico government would end up with hundreds of billions of Amero tokens (AMX), and between 1,400 and 2,400 hectares of land in the state of Baja California Sur. дальше »
2020-1-22 01:00 | |
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Chinese Listed Companies and Bitcoin Mining: Partner or Predator?
This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin. дальше »
2019-5-29 18:53 | |
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SEC Sues California Operator Behind $26 Million Crypto Pyramid Scam
By CCN: On Thursday, the U. S. Securities and Exchange Commission (SEC) filed a civil injunctive action against the operator of an alleged pyramid scheme that raised $26 million from investors. The defendant in the case is Daniel Pacheco, 45, a resident of San Clemente, California who has been charged by the SEC with selling unregistered securities as well as operating a multimillion-dollar cryptocurrency pyramid scheme. дальше »
2019-5-28 09:16 | |
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Teenage California Crypto Thieves Pinch $35 Million in SIM Swap Scam
By CCN: Hackers, many in their teens, have drained the accounts of more than 50 Californian victims in a $35 million SIM swap heist. Officials estimate that in total, $50 million has been stolen in related attacks around the US since the beginning of 2018. дальше »
2019-5-23 15:59 | |
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Crypto Asset Investor Receives $75.8 Million in SIM Swapping Case in California Superior Court
In the United States, the crypto investor Michael Terpin won $75. 8 million in a civil case against Nicholas Truglia, who defrauded him of crypto assets. The information was reported by Reuters on May 10. дальше »
2019-5-12 19:20 | |
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ConsenSys Ventures Bids Farewell to Kavita Gupta As She Steps Down as Head
Kavita Gupta will no longer be the head of ConsenSys but will serve as an advisor. ConsenSys plans $200 million funding round. Kavita Gupta has been an integral part of ConsenSys Ventures since it launched in September 2017 in San Francisco, California. дальше »
2019-5-7 14:15 | |
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California: 21-Year Old Sim Swapping Thief Sentenced to 10 Years in Prison for Stealing $7.5m in Crypto
Joel Ortiz, a 21-year student at the University of Massachusetts Boston, was sentenced to 10 years in prison by Judge Edward Lee of the Santa Clara County Superior Court. Ortiz was convicted of stealing $7. дальше »
2019-4-25 13:59 | |
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California Jails Student for 10 Years for $7.5 Million SIM-Swap Bitcoin Hack
By CCN. com: A 21-year-old Boston man has been sentenced to 10 years in jail for stealing $7. 5 million in bitcoin and other cryptocurrencies by hacking his victims’ cell phones through a practice called “SIM swapping. дальше »
2019-4-23 14:36 | |
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California Jails Student to 10 Years for $7.5 Million SIM-Swap Bitcoin Hack
By CCN. com: A 21-year-old Boston man has been sentenced to 10 years in jail for stealing $7. 5 million in bitcoin and other cryptocurrencies by hacking his victims’ cell phones through a practice called “SIM swapping. дальше »
2019-4-23 14:36 | |
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Trump’s FinCEN Pirates Extort $35,000 from Old-Fashioned Bitcoin Trader
By CCN: For the first time, FinCEN – the Financial Crimes Enforcement Network – has fined a peer-to-peer Bitcoin trader for failure to register as a money services business. MSBs fall under FinCEN’s regulation, and according to FinCEN, Eric Powers, reportedly a resident of California, willfully violated registration requirements. дальше »
2019-4-19 18:45 | |
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California’s Thor Blames Regulators for its Own $21 Million Demise
Regulators can be blamed for just about everything. The team behind the Thor token is pointing the finger at them for the shuttering of their own operations. However, given Thor raised an impressive $21 million for its crypto project just last year, the excuse is falling on many deaf ears. дальше »
2019-4-15 10:00 | |
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Ripple Co-Founder Donates $25 Million in XRP to California University
Ripple co-founder Chris Larsen announced to attendees at a San Francisco State University celebration on Thursday that the company would donate $25 million in XRP to the university. The University stated the Ripple bequest was the largest cryptocurrency donation ever made to a U. дальше »
2019-4-7 11:52 | |
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Ripple’s Chris Larsen donates $25 million in XRP to San Francisco State University
Chris Larsen, Ripple’s Co-founder, and his wife Lyne Lam, donated $25 million in XRP to a university in California. The couple made this donation through Ripple Works, a private foundation that provides support to promising entrepreneurs at San Francisco State University [SFSU] college of Business, according to an official announcement from the university. дальше »
2019-4-6 16:30 | |
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The AOC Effect: California’s High Taxes Cost The San Francisco Giants Bryce Harper
It looks like California tax rates, which are some of the highest in the nation, may have cost the San Francisco Giants their shot at top MLB talent Bryce Harper. The 26-year-old professional baseball star agreed to a 13-year, $330 million deal with the Philadelphia Phillies Thursday. дальше »
2019-3-5 02:59 | |
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Forget NYC: Amazon Should Invest HQ2 Money in Rural Georgia
The small town of Toomsboro, Georgia has been on sale for a while now and is attracting some attention after an article noted that its $1. 7 million list price was comparable to the cost of a single-family home in California’s San Francisco Bay area. дальше »
2019-3-2 21:50 | |
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California Trashes $300 Million With its Garbage Recycling System
A consumer watchdog in the Golden State has revealed that recycling conscious Californians being ripped off by an outdated collection system. A new report has outlined how environmentally friendly Californians are being short-changed by a flawed system and lack of basic recycling infrastructure. дальше »
2019-3-2 19:24 | |
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Bernie Sanders Raises $5.9 Million in a Single Day as Trump’s Most Significant Challenger
Senator Bernie Sanders (D-Vermont) is joining what is shaping up to become the most crowded and most diverse field of presidential candidates ever to be presented by the Democrat party, with the likes of Sen. дальше »
2019-2-22 15:38 | |
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Hacker Gets 10 Years in First SIM-Swapping Sentencing in the U.S.
According to a recent report, Joel Ortiz, the 20-year-old student from Boston who was indicted by prosecutors in Santa Clara, California, has been sentenced to 10 years in prison in what is believed to be the very first SIM swapping conviction in the United States. дальше »
2019-2-6 01:17 | |
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A First: U.S. Treasury Makes Bitcoin Addresses Focal Point in Sanctions
For the first time, the U. S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has traced illicit bitcoin activity to the public addresses of two sanctioned individuals. дальше »
2018-11-29 21:41 | |
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$5 Million Lawsuit Against Bitmain Filed in Northern California
A class-action lawsuit for over $5 million has been filed in northern California against Chinese mining giant Bitmain. The company is being accused of utilizing customers’ newly purchased machines to mine cryptocurrency at full power for its own benefit while customers were configuring their equipment. дальше »
2018-11-27 21:38 | |
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Ripple Files to Move Securities Lawsuit from State to Federal Court
Ripple’s legal team in their ongoing securities suit is attempting a new tack: to have the claim proceed at the federal level. In a move that legal commentator Jake Chervinsky described as “seriously crafty,” Ripple has filed a formal notice-of-removal motion to have their most recent securities suit, Zakinov et al v. дальше »
2018-11-14 00:41 | |
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Blockchain’s Report Examines Benefits (and Failures) of Today’s Stablecoins
Stablecoins have garnered serious investor attention over the past few weeks. Unlike bitcoin and similar cryptocurrencies, they are digital assets built to lessen price volatility and are often paired against the U. дальше »
2018-9-29 01:06 | |
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Biking Across America, Crypto Cyclists Look to Raise $1 Million for Charity
Crypto, charity and cycling. It’s an unlikely triad, but two fitness enthusiasts-turned-crypto philanthropists believe that, taken in combination, the three can drive positive change. дальше »
2018-9-12 21:42 | |
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Putting more plastic in the ocean might actually be a good thing
Picture yourself sailing over the ocean blue and coming across a patch of plastic garbage that is twice the size of Texas. No, this is not the setting of some post-apocalyptic thriller. Discovered in the early 80s and now referred to as the Great Pacific Garbage Patch, this 600,000 square mile stretch of ocean between Hawaii and California is the world’s largest accumulation of ocean plastic. дальше »
2018-9-9 11:30 | |
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Teen SIM Swapper Steals Over $1 Million in Cryptocurrencies
Police in Santa Clara, California, have arrested a 19-year-old SIM swapper who allegedly stole over $1 million in cryptocurrencies. One victim alleged that he lost $150,000 in crypto as a result of the SIM card fraud. дальше »
2018-8-25 22:15 | |
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