News with the tag "california"

The California Department of Financial Protection and Innovation (DFPI) says it has shut down 26 cryptocurrency scam websites and identified $4.6 million in consumer losses, officials announced Monday. In a new announcement, the DFPI says the crackdown is part of a broader initiative to combat incre...

Follow Nikolaus On Here For Daily Posts According to a press release sent to Bitcoin Magazine, an Office of California Assemblymember, Republican Phillip Chen , has appointed Proof of Workforce , a Santa Monica-based non-profit helping workers, unions, pensions, and municipalities with education-ba...

Ripple has pledged $100,000 in XRP to aid recovery efforts for communities affected by the ongoing California wildfires. The donation will benefit nonprofit organizations World Central Kitchen and GiveDirectly, focusing on both immediate relief and long-term rebuilding support. The contribution, fac...

According to The Giving Block, approximately $200 million in crypto donations have been raised on their platform since its inception.

Blockchain-based predictions platform Polymarket has been criticized for allowing users to bet on the Palisades wildfire in California. The wildfire, which has forced nearly 200,000 to evacuate, killed five people, and covered almost 30,000 acres, has become a subject of gambling on Polymarkets. A q...

A California man, Ken Liem, has taken legal action against three prominent Asian-based banks—Fubon Bank, Chong Hing Bank, and DBS Bank—for allegedly facilitating a $1 million cryptocurrency scam. The lawsuit , filed in a California district court on December 31, 2024, claims that these banks failed ...

California resident Ken Liem has accused three banks of failing to perform adequate checks that could have blocked the scammers from opening accounts in the first place.

Draper Associates-backed CUDIS has partnered with UCLA Athletics for a year-long collaboration to promote web3 smart rings among students and athletes. The web3 wellness company CUDIS has announced a one-year partnership with UCLA Athletics, a Californian collegiate sports program, to…

Federal prosecutors indicted California residents Gabriel Hay and Gavin Mayo, charging them in a $22 million crypto fraud scheme.

At least four of IcomTech’s operators are now behind bars after receiving prison sentences of up to 10 years this year.