Day care center in NYC where toddler drowned has had its license suspended and is facing several violations for serious negligence.

Day care center in NYC where toddler drowned has had its license suspended and is facing several violations for serious negligence.

Bronx Day Care Center Closed Following Tragic Drowning Incident A day care center in the Bronx, where a 20-month-old girl drowned earlier this month, has been shut down by state inspectors. The closure came after an investigation revealed multiple violations, particularly concerning inadequate safety measures around a pool. Anna’s Butterfly Garden Family Group in Castle […]

Paxos intensifies efforts to obtain a US bank license as stablecoin regulations develop

Paxos intensifies efforts to obtain a US bank license as stablecoin regulations develop

Paxos Trust Company Pursues National Trust Bank Charter Paxos Trust Company, the firm behind PayPal’s PyUSD stablecoin, has applied to transform its limited covered trust charter in New York into a US National Trust Bank Charter. This move comes as Paxos revives efforts that lapsed in 2023. If the application receives approval, the Office of […]

Ripple’s Charter Bank License Faces Significant Opposition from Credit Experts Team

Ripple's Charter Bank License Faces Significant Opposition from Credit Experts Team

Ripple is currently facing significant challenges in its quest to obtain a U.S. banking charter. The Independent Community Bankers of America (ICBA) recently submitted a detailed objection to the Office of the Comptroller of the Currency (OCC) regarding Ripple’s plans for its Stablecoin operation, known as Ripple National Trust Bank (RNTB). The main concern highlighted […]

DC Bar Suggests Revoking Trump White House Official’s Law License

DC Bar Suggests Revoking Trump White House Official's Law License

DC Bar Recommends Disciplinary Action Against Jeffrey Clark The DC Bar has suggested that Jeffrey Clark faces disciplinary measures regarding his legal advice involving the 2020 election, specifically pointing to issues of “fraud.” Clark, who is currently in charge of regulatory reviews at the White House Office of Management and Budget, might be denied certain […]

French B2B neobank Qonto acquires 600,000 customers and applies for banking license

French B2B neobank Qonto acquires 600,000 customers and applies for banking license

Qonto Seeks Banking License in France One burning question that comes up frequently regarding French fintech startups is whether Qonto is a real bank. Currently, the answer is no, but things might change soon. CEO Alexandre Prot has announced that Qonto is in the process of applying for a banking license in France. Targeting European […]

Former Trump attorney Kenneth Chesebro loses his license to practice law in New York

Former Trump attorney Kenneth Chesebro loses his license to practice law in New York

Kenneth Chesebro, a former attorney for Trump who played a role in formulating an alternative election strategy in 2020, has been denied in a recent ruling from New York. The Appeal Division Judge Panel of the Mid-Level Court of Appeals stated on Thursday that Chesebro’s guilt in the Georgia investigation regarding attempts to undermine the […]

Coinbase obtains MiCA license and chooses Luxembourg as its EU base.

Coinbase obtains MiCA license and chooses Luxembourg as its EU base.

Coinbase Secures MICA License in Luxembourg Coinbase has successfully obtained its Market for Crypto-Assets (MICA) license from the Luxembourg Committee de Surveillance du Secteur Financier. This development highlights the competitive landscape of the European crypto sector, where other exchanges are also seeking registration. OKX and Crypto.com received their MICA licenses in January, with BYBit following […]