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SEC, California, Federal Reserve beat Silvergate Bank’s dead horse
The U.S. securities regulator announced that it had filed charges against Silvergate Capital Corporation, which operated the California-based 'crypto-friendly' Silvergate Bank.
The U.S. securities regulator announced that it had filed charges against Silvergate Capital Corporation, which operated the California-based 'crypto-friendly' Silvergate Bank.
California is preparing for artificial intelligence (AI) integration, balancing benefits and risks in a detailed report, aiming for strategic regulation and workforce training in the GenAI economy.
GSB Group operated several companies, all of which solicited investment for stakes in a Dubai skyscraper and a metaverse, hiring celebs like Floyd Mayweather Jr.
Regulators, including California's Fair Political Practices Commission, are revising digital currency campaign donations rules to ensure transparency and compliance.
The regulator alleges that the man led a California operation that used online romance to swindle over $1.3 million from investors under the guise of ‘crypto’ trading.
During the pilot of the blockchain-based wallet, the county might be willing to explore the use cases of park facility registration, pet licensing, and over-the-counter building permit distribution.
The Silicon Valley Bank will now need assistance from the Federal Deposit Insurance Corp. to have any hope of making its depositors whole, although even Federal Government assistance has limits.
To counter the proliferating scams in the digital asset sector, the DFPI utilizes a scam tracker that displays the name and website used to lure victims and the type of scam employed.
Under the proposed bill, firms offering digital currency trading and services would need to apply for a permit with DFPI, a step taken to reduce the risks associated with investing in digital assets.
Scammers use age-old methods like phishing and impersonation to lure victims into investing in the lucrative digital asset sector, promising mouthwatering returns which never materialized, according to authorities.
Despite being flagged for unlicensed loan brokering, MyConstant says it will continue to offer some of its services to investors, including virtual currency-backed loans.
Judge Michael Fitzgerald dismissed the suit on the ground that investors failed to do their background research before investing in the project.