Shannon Grove on protecting kids from trafficking RELATED: California State Senator Shannon Grove speaks on SB 1414, which seeks to make human trafficking charges a felony. A bill that would increase penalties for child sex buyers in California could die before getting a vote amid concerns from state finance officials over the costs of housing
This year has seen three fledgling AI firms swallowed up by Big Tech companies. As the Financial Times (FT) notes in a report Wednesday (Aug. 14), it is a pattern that threatens to leave venture capitalists (VCs) on the outside looking in at the artificial intelligence (AI) boom. AI companies Adept, Character.AI and Inflection had, combined, raised
A securities regulator in Canada has charged the head of a crypto exchange with gambling users’ crypto. According to a new official decision from the British Columbia Securities Commission (BCSC), crypto exchange ezBtc founder David Smillie used CAD $13 million ($9.48 million) in customer funds for online gambling. “The respondents perpetrated a fraudulent scheme relating
No former spy chief has faced court martial in a country the powerful army has directly ruled for nearly three decades. Islamabad, Pakistan – A former chief of Pakistan’s premier intelligence agency faces court martial following his arrest for alleged misconduct in a case related to a private housing scheme. In a brief statement on
The Consumer Financial Protection Bureau (CFPB) has staked out a clear position on using artificial intelligence (AI) in financial services: There are no exceptions to existing consumer protection laws for new technologies. In am Aug. 12 comment letter to Treasury Secretary Janet Yellen, the CFPB outlined its approach to regulating AI and other emerging technologies
The Covid-19 pandemic was one of the key drivers (open banking the enabler) of global embedded finance adoption. According to Global Market Insights, the embedded finance market shot to $58 billion by 2022, and is estimated to clock-in a 29% compound annual growth rate (CAGR) until 2032 – by which point it could exceed
A pair of dueling lawsuits between the City of Sanford and a developer were recently settled with the city agreeing to pay Nick Jordan $60,000 over the nearly 5-acre Singer property at 171 N. First St. According to a press release from Friday, Aug. 9, the city came to an agreement with Jordan’s Durham-based Smashing
The Securities and Exchange Commission (SEC) charged NovaTech Ltd, its operators, Cynthia and Eddy Petion, and the company’s top promoters with running a fraudulent scheme centered on crypto assets. The defendants are charged with running a multi-level marketing company that claimed it would invest victims’ funds in crypto assets but did so with only a fraction of
Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers Bank, one of the only crypto-friendly banks in the U.S., was served with a 13-page regulatory enforcement action by the Federal Reserve related to its digital asset and dollar token
Denton City Council candidates submitted their final campaign reports for the 2024 municipal election last week revealing thousands in developer donations, contributions to support each other and a push to put more development-friendly candidates on the council. Two candidates — Jill Jester and Brandon Chase McGee, both of whom won their elections — were late