According to the official announcement of the Department of Justice, Los Angeles police recently cracked a major cryptocurrency theft case. A man who called himself the "godfather of crypto" Adam Iza conspired with a Los Angeles County Sheriff's Deputy Eric Chase Saavedra to commit crimes against multiple victims through intimidation, extortion, and illegally obtaining search warrants. Saavedra uses his police officer's...
Capital Group, a Los Angeles-based investment firm with more than $2.30 trillion under management, has become one of Metaplanet's largest shareholders. Metaplanet, headquartered in Japan, attracted attention last year for building bitcoin (BTC) reserves by imitating Michael Saylor's MicroStrategy strategy. Metaplanet currently holds 1,762 bitcoins, making it the 15th largest listed company in the world to hold bitcoin.
Kevin Rose, founder of the NFT company PROOF, whose Los Angeles home was completely destroyed in the recent California wildfires, shared footage of himself walking past burned cars and homes on social media platform Threads, saying: "It's a shame that everything was lost in the fire and nothing was left."
Coinbase announced on Friday that it has become an official partner of the Los Angeles Clippers through a sponsorship deal. This makes the cryptocurrency exchange an important part of fan interaction and branding for the NBA team's new arena, Intuit Dome. The agreement, which marks a multi-year partnership between the two parties, will provide fans with exclusive experiences, limited edition merchandise and unique digital and physical collectibles. Financial details of the partnership were not d...
Andrew Left, an activist investor and well-known short seller, turned himself in to authorities in Los Angeles on Monday and is scheduled to appear before Judge Rozella A. Oliver in US District Court this afternoon. Mr. Left faces a criminal indictment issued by the Justice Department on Thursday and charges of "entrapment" tactics by the Securities Exchange Commission. Left, who lives in Florida, faces 19 criminal charges that could see him jailed if convicted. He is accused of contempt for sub...
According to the Los Angeles Police Department (LAPD), a 26-year-old man has been arrested and charged with stealing a $579,000 application-specific integrated circuit (ASIC) bitcoin mining machine. Local reports confirm that the man has been released from jail, and the LAPD says the investigation is ongoing.