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Silvergate Bank didn’t adequately monitor $1 trillion in crypto transactions, SEC says

 Silvergate Bank, once a cornerstone of the crypto-financial world, until it collapsed in early 2023, deceived its investors by lying about anti-money laundering and misleading investors about how it was submitted to FTX, the Securities and Exchange Commission. says the lawsuit. The suit also named the company's chief executive officer, chief risk officer, and chief financial officer. The SEC said in a statement that Silvergate agreed to pay $50 million to settle the allegations without admitting or denying the allegations. CEO Alan Lane and CRO Kathleen Fraher also settled for $1 million and $250,000. Silvergate said it had an effective anti-money laundering (AML) program specifically tailored for crypto use, but in reality it did not adequately monitor transactions "of approximately $1 trillion," the complaint said. Silvergate also failed to notice "nearly $9 billion in suspicious transactions" from FTX entities. FTX was one of Silvergate's biggest clients...
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Samsung Reveals Summer 2024: What to expect, from Galaxy Z Fold 6 to AI!

Samsung's summer Galaxy Unpacked event is less than two weeks away, and plenty of rumors are swirling about what'll be unveiled. It's possible the company will introduce new foldable phones, earbuds, smartwatches and, perhaps most notably, share more details about the highly anticipated Galaxy Ring health wearable. We also expect to hear updates about Galaxy AI, the phone maker's suite of AI-powered software features. Samsung will broadcast the event live on the company's website, Samsung Newsroom and YouTube channel on July 10 starting at 6:00 am. PT (9:00 a.m. ET). The company also released an animated invitation to its YouTube channel, which shows a 3D cube rotating on a flat surface, which then projects the silhouette of the Eiffel Tower and the Galaxy AI logo.. "The next frontier of Galaxy AI is coming," Samsung wrote in an official event invitation sent out by the company on Tuesday. Samsung's Galaxy AI, which debuted earlier this year, is desi...
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Necessary Google Maps Tips for TRAVELERS this Summer!

Are you going on summer vacation? Knowing the benefits of Google Maps can mean getting to your hotel on time or losing valuable hours after taking the wrong exit. Google Maps can't prevent traffic jams, but it can make your trip easier in many ways, from getting through the airport quickly to using Maps offline. Check out some of the app's best features for travelers below. For more travel tips, here's the best time to buy plane tickets. Plus, here are the best travel credit cards and the best airline credit cards. If you need to quickly find a store in a large shopping center or public transport hub, Google Maps has an Index tab for all airports, shopping centers and public transport stations. This can be useful if you are running around the airport trying to find a place to eat or grabbing last minute souvenirs before your flight. The tab tells you the opening hours of the facility and what floor it is on. You can pass restaurants, shops, lounges and parking lots.. To s...
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