Texas news and trends

“Pro-American” FinTech GloriFi Plans $1.7B SPAC Deal
Fintech Investments // July 26, 2022

GloriFi, a Dallas tech company that bills itself as “pro-freedom, pro-America, pro-capitalism,” is getting ready to go public in a blank check merger worth $1.7 billion. According to a Monday (July 25) news release, the deal will see GloriFi merge with DHC Acquisition Corp, a...

Texas Man Gets 5 Years in Prison for Role in PayPal Fraud Scheme
Legal // May 11, 2022

The Department of Justice has reported that 37-year-old Marcos Ponce of Austin, Texas, was sentenced to five years in prison for a scheme to buy tens of thousands of compromised PayPal accounts, a press release said. After the prison term, he’ll face three years of...

Virtual Casino Company Ordered to Stop Selling NFTs by Texas, Alabama Securities Regulators
NFTs // April 13, 2022

Securities regulators in Texas and Alabama on Wednesday (April 13) have ordered Cyprus-based online casino developer Sand Vegas Casino Club to stop selling nonfungible tokens (NFTs), saying the company was offering unregistered securities and defrauding the public, according to a Reuters report. Sand Vegas and...

Texas AG: Facebook Facial Recognition Violated State Law
Biometrics // February 14, 2022

Texas attorney general Ken Paxton on Monday (Feb. 14) filed a lawsuit against Facebook parent company Meta Platforms, saying the company’s now-discontinued use of facial recognition technology violated state privacy laws regarding personal biometric data, The Wall Street Journal reported. Paxton filed the lawsuit in...

Quick Reads
Today in Crypto: Texas Probes Exchange FTX US Amid Securities Allegations; CFTC, SEC Investigate Three...

October 17, 2022
Cameron Winklevoss has stepped down as a director of Gemini’s European division, Coindesk wrote, citing an Oct. 12 filing with Companies House, a registry in the U.K. In his place, Gillian Lynch, the Gemini head of Ireland and Europe, has been appointed to the board. Winklevoss founded the crypto exchange with his twin brother in […]

“Pro-American” FinTech GloriFi Plans $1.7B SPAC Deal

July 26, 2022
GloriFi, a Dallas tech company that bills itself as “pro-freedom, pro-America, pro-capitalism,” is getting ready to go public in a blank check merger worth $1.7 billion. According to a Monday...

Texas Man Gets 5 Years in Prison for Role in PayPal Fraud Scheme

May 11, 2022
The Department of Justice has reported that 37-year-old Marcos Ponce of Austin, Texas, was sentenced to five years in prison for a scheme to buy tens of thousands of compromised...

Virtual Casino Company Ordered to Stop Selling NFTs by Texas, Alabama Securities Regulators

April 13, 2022
Securities regulators in Texas and Alabama on Wednesday (April 13) have ordered Cyprus-based online casino developer Sand Vegas Casino Club to stop selling nonfungible tokens (NFTs), saying the company was...