Mark Karpeles, former CEO of the long-defunct bitcoin exchange Mt. Gox, is to appeal his conviction on data manipulation charges earlier this month. According to a report from The Associated Press on Friday, Karpeles said he had decided to appeal…
Tag: Legal
Crypto Lawyer Drew Hinkes Joins Firm to Help ICO Issuers Fight Back
Blockchain lawyer Andrew Hinkes is spoiling for a fight. The general counsel at investment bank Athena Blockchain and an adjunct business and law professor at New York University, Hinkes believes token issuers will soon start pushing back against regulatory enforcement…
The Right Way to Do Blockchain Consortiums
Randy Wilson is a partner in Digital Risk at Deloitte. —————— 2019 will be the year the rubber meets the road for blockchain consortia. If 2017 was a buzzy time that saw a number of successful proofs-of-concept launch, 2018 was…
Bitcoin Has a Florida Problem
Justin Wales is senior counsel and co-chairs the Blockchain and Virtual Currency practice at Carlton Fields. ——— No one seems to know what to do about bitcoin. Since its genesis, regulators and courts around the world have struggled with whether…
FBI Seeking Potential Victims of BitConnect to Assist Investigation
If you invested in the proprietary token offered by the now-defunct crypto exchange BitConnect, the FBI wants to hear from you. In a notice on its website Wednesday, the federal law enforcement agency said those who invested in the BitConnect coin (BCC)…
NYSE Arca Files Paperwork for Bitwise Bitcoin ETF Approval
New details have surfaced about the bitcoin exchange-traded fund (ETF) proposed by Bitwise and NYSE Arca. Bitwise Asset Management announced its intention to launch the ETF earlier this month. If approved, it would be the first bitcoin ETF to make it to…
When Bitcoin ETF? Not Any Time Soon, But Maybe by 2020
For the first time in more than a year, there are no active bitcoin exchange-traded fund (ETF) proposals pending before the U.S. Securities and Exchange Commission (SEC). Money manager VanEck, financial services firm SolidX and Cboe BZX Exchange withdrew a…
Why You Shouldn’t Fear the Blockchain Regulators
Kevin Werbach is a Professor of Legal Studies & Business Ethics at the Wharton School at the University of Pennsylvania, and the author of “The Blockchain and the New Architecture of Trust,” from which this article is adapted. _______ In 2015,…
SEC Fines Crypto Fund $50K and Issues Cease-and-Desist
The U.S. Securities and Exchange Commission has ordered fund manager CoinAlpha Advisors LLC to pay a $50,000 fine following what it deemed to be an unregistered securities sale. According to the order published Friday, CoinAlpha formed a fund in October…
The 6 Big Takeaways From SEC Chair Clayton’s Crypto Remarks
The tea leaves were swirling Tuesday after Jay Clayton, chairman of the U.S. Securities and Exchange Commission, dropped some hints about what regulators in the United States will (and won’t) do in the crypto space in the coming months and years.…