Swan Bitcoin cancels conference amid staff reduction, mining shutdown

According to Swan Bitcoin CEO Cory Klippsten, it just doesnt feel like the right time for a festival after the firm announced staff cuts in July.

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What the California AI killswitch bill means for decentralized AI

The AI industry is split over new legislation in California that would implement a sort of emergency stop in AI systems.

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OpenAI supports California bill on marking AI content Report

After previously opposing another AI-related bill, SB 1047, OpenAI has expressed support for AB 3211, which would require watermarks on AI-generated content.

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AI Safety Bill SB 1047: What You Need to Know About Californias Bold Move

Californias new AI safety bill SB 1047 is a current issue that is being discussed in the tech industry. This bill has garnered interest from high-profile personalities including Elon Musk the CEO of Tesla and Buterin Vitalik the co-creator of Ethereum. Both leaders have expressed their thoughts regarding the bill which which seeks to govern […]

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Anthropic jumps in on tug-of-war over California AI bill

Things are heating up on the AI legislation front with Anthropic voicing its support of an AI bill introduced by senator Scott Wiener, one which received a letter of opposition from OpenAI.

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California DMV putting vehicle titles on a subnet is innovation theater

It would be harder than putting VINs on a private subnet, but how about allowing vehicle owners to get zero-knowledge proof of ownership on a public chain?

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California AI bill under scrutiny by US policymakers

Senator Scott Wiener defends Californias AI bill, SB 1047, against criticism from Nancy Pelosi and other policymakers, emphasizing the need for oversight beyond tech companies.

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California removes teeth from AI law without addressing techs core concerns

The law appears more corporate-friendly, but the implications for consumers are a bit murkier.

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Regulators are misguided in efforts to restrict open-source AI

Lawmakers in Europe and California are worried about that open-source AI is "dangerous." On the contrary there is nothing dangerous about transparency.

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California DMV building blockchain on Avalanche for title transfers

The DMV has successfully digitized 42 million car titles on the Avalanche blockchain.

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Inside Sam Bankman-Frieds Newest California Prison, Once Home to Al Capone

Sam Bankman-Fried: The Al Capone of California Prison? When it comes to cryptocurrency, Sam Bankman-Fried is a name that frequently pops up. His rise to fame in the world of digital assets has been nothing short of meteoric. But now, a new comparison has emerged that paints the young entrepreneur in a different light – [...]

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LAPD Recovers $6.9 Million Worth of Stolen Bitcoin Mining Rigs, Suspects in Custody

The Los Angeles Police Department (LAPD) has apprehended three individuals following the theft of bitcoin mining equipment valued at $6.9 million. The Commercial Crimes Divisions Cargo Theft Unit announced the retrieval of all stolen items. California Authorities Arrest Trio for Stealing Bitcoin Mining Hardware On March 19, 2024, the LAPD, along with detectives from the [...]

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California Financial Regulator Issues Warning About 7 New Crypto and AI Scams

California’s regulator has issued a warning about seven new scams involving cryptocurrency and artificial intelligence (AI). The scams are targeting unsuspecting investors who may not be familiar with these emerging technologies. The California Department of Financial Protection and Innovation (DFPI) highlighted the risks associated with these scams, urging the public to exercise caution when investing [...]

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ChatGPT maker OpenAI hit with class-action lawsuit over alleged data theft

OpenAI, the maker of the popular chatbot ChatGPT — a natural language processing artificial intelligence (AI) tool — is facing a class-action lawsuit in California over allegedly scraping private user information from the internet. The lawsuit was filed in the United States District Court for the Northern District of California by Clarkson Law Firm on June [...]

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BlockFi to provide over $100K in refunds to California clients

Bankrupt crypto lender BlockFi has agreed to refund more than $100,000 to California customers that had continued to repay loans even after a trading halt on Nov. 10 last year.  According to a March 27 statement from California’s financial watchdog, the Department of Financial Protection and Innovation (DFPI), its investigation discovered at least 111 borrowers [...]

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California approves blockchain-based digital wallet for gov't services

Santa Cruz voted to approve the use of a blockchain-based digital wallet for government services and official documentation and is set to begin a pilot program in July 2023.

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California county approves blockchain-based digital wallet for gov't services

Santa Cruz voted to approve the use of a blockchain-based digital wallet for government services and official documentation and is set to begin a pilot program in July 2023.

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PacWest stock flash crash recovers after rescue merger with Banc of Cali

Shares in PacWest bank flash crashed by 27% on July 25 only to quickly recover in after-hours trading on the news it had merged with the Banc of California. PacWest Bancorp stock slumped from $10.33 to $7.50 in late trading on July 25, sparking concern among the finance and crypto community, with some asking if [...]

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Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and [...]

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Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

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 closed the bank and placed it into FDIC receivership on [...]

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