News by results: California

Trading startup Robinhood raises $323 million, achieving $7.6 billion valuation

Commission-free stock trading startup Robinhood said on Monday it has raised $323 million in a new round of funding that values the company at $7.6 billion.

Initial tests for Sarin possibly found at a Facebook mailing facility in California are inconclusive

Initial tests of an item that tested positive for the nerve agent sarin at a Facebook mailing facility in Menlo Park, California, have been inconclusive, authorities said Monday.

California CPAs Push for Crypto Accounting Clarity

The California Society of CPAs is pushing for clarity in accounting and disclosure rules regarding cryptocurrencies, citing a lack of specific guidance within U.S. GAAP, the standard accounting protocols followed in the U.S.

California Sentences Bitcoin Trader to 2 Years in Prison Over AML Compliance Failures

A LocalBitcoins trader who sold Bitcoin (BTC) to more than 1,000 people in the United States will serve two years in federal jail, a press release from the U.S. Attorney’s Office of the Southern District of California confirmed on April 8.

Nvidia Expects to Finish Selling Leftover Inventory From Crypto Bear Market by Q1 2019

Major global chip maker Nvidia expects to complete sales of remaining inventory built up in expectation of crypto mining demand, according to a Bloomberg report on March 19.

California Bill Would Legalize Crypto for Tax Payments From Cannabis-Related Businesses

Lawmakers in the United States state of California have introduced a bill to allow cannabis-related business to pay fees and taxes in stablecoins. The bill was introduced by the California State Assembly on Feb. 21.

University of California Researchers Propose Blockchain System for Clinical Data

Academics from the University of California, San Francisco, have proposed a method of sharing medical data using a blockchain-based system. An article outlining their research published by international research journal Nature on Feb. 22.

Galaxy Digital Joins $15 Million Investment Round in Crypto Security Firm CipherTrace

Mike Novogratz's crypto investment bank Galaxy Digital has invested in blockchain security company CipherTrace, according to an official press release published on Feb. 19.

A California asset manager has come up with a clever way to include bitcoin in an ETF

A California-based asset manager has figured out a way to sneak bitcoin in an exchange-traded fund, and the CEO says it’s the best way to get a crypto fund approved by the Securities and Exchange Commission.

PayPal Launches Blockchain-Based Innovation Reward System for Employees

Major global online payments system PayPal has launched a blockchain-based reward system for its employees. Financial news channel Cheddar reported on the platform launch Thursday, Dec. 6, citing PayPal’s director of innovation Michael Todasco.

Bitmain Faces $5 Mln Lawsuit for Allegedly Unauthorized Mining at Clients' Expense

Crypto mining giant Bitmain is facing a class action lawsuit of $5 million that alleges it mined cryptocurrency for its own benefit on its customers’ devices. The filings were published under docket listings for the North District Court of California, Nov. 19.

Lawsuit Claims Bitmain Mined Bitcoin Using Customer Devices

According to a class-action lawsuit filed in the US district court for Northern California, Bitmain has been taking advantage of its customers the past couple years in an interesting way: mining crypto for itself, using their resources, during the “initialization” process.

Bitcoin Trader Pleads Guilty Over Unlicensed Exchange Business

A 21-year-old bitcoin trader from California has pleaded guilty to operating an unlicensed money transmission business and now faces a maximum of five years in prison.

California Watchdog Bans Bitcoin Donations in Political Campaigns

The California state government’s political watchdog has ruled that candidates will not be allowed to receive donations for political campaigns with cryptocurrencies like bitcoin.

California Legislature Finalizes Blockchain Working Group Bill

California may soon be forming a working group to examine the potential benefits of blockchain to the state – and how best to update laws to make use of the technology.

21-year-old Baja California Bitcoin dealer charged with financial crimes

A 21-year-old bitcoin dealer from Baja California was ordered held without bail Friday in connection with a 31-count indictment charging him with international money laundering and other financial crimes related to his digital-currency transactions.

California Judge Orders Accused Hacker to Pay Bail in Crypto

A Serbian and Italian national has been ordered to pay bail in cryptocurrency while he faces charges that he hacked the computer network of a San Francisco game company.

Tim Draper Off the Hook [For Now] in Tezos Class Action Lawsuit

Claims against venture capitalist Tim Draper and Bitcoin Suisse in a Tezos class action lawsuit have been dismissed.

Google Bans Cryptocurrency Mining Apps from Play Store

After banning cryptocurrency mining extensions from its Chrome Store earlier in the year, Google has now outlawed apps on its Play Store that engage in similar activity.

Propy Executes Blockchain Property Deal in California

California blockchain startup Propy announced on Monday it executed its first blockchain property in California. According to Propy, the Bitcoin-to-Bitcoin sale of 10 acres of land in Southern California was processed through the Propy’s Transaction Platform and every step of the deal was executed through Ethereum smart contracts. Propy claims this to be the first fully-recorded blockchain transaction in California.