Weekly Focus

  • U.S. Senate Confirms SEC Commissioner Hester Peirce for Second Term
  • U.S. Attorney Files Complaint to Forfeit $6.5M in Cryptocurrency Stolen in Ponzi Scheme
  • Russian Cryptocurrency Law Signed
  • Tel Aviv Stock Exchange Announces Blockchain Securities Platform
  • Swiss Bank to Launch Crypto Services

Continue Reading Blockchain Week in Review: Week of August 7, 2020

Weekly Focus

  • SEC Commissioner Proposes Safe Harbor for Token Offerings
  • Crypto Company Must Place Investors Back in Their Pre-Investment Position
  • American Council on Education to Explore Blockchain Optimization
  • Two Men Charged in Crypto Ponzi Scheme
  • Australia to Launch Blockchain Roadmap
  • Telangana, India To Launch Blockchain Incubator
  • Bermuda to Explore Digital Currency Payment System

Continue Reading Blockchain Week in Review: Week of February 7, 2020

U.S. Developments

Facebook Announces Formation of Calibra and Launch of Libra

On June 18, 2019, Facebook announced the launch of Libra, a new cryptocurrency designed to have a stable value and be widely accepted internationally, and the formation of a new subsidiary, Calibra, which will provide digital wallets and other services for users in the Libra network.  The Libra network will be administered by the Libra Association, a Swiss nonprofit organization whose initial members are anticipated to include Calibra and 27 other organizations. 
Continue Reading Blockchain Week in Review: Week of June 21, 2019

U.S. Developments

New York Attorney General Announces Filing in Connection with Tether, Bitfinex Investigation

On April 25, 2019, New York Attorney General Letitia James announced that her office obtained a court order enjoining iFinex Inc., operator of the Bitfinex trading platform, and Tether Limited, issuer of “tether” virtual currency, from further violations of New York law in connection with potential acts of fraud.  Bitfinex’s response to the Order can be found here.

New York’s Office of the Attorney General has expressed concern regarding the potential for conflicts between the interests of virtual asset trading platforms, platform insiders, and customers, and one of the primary objectives of this Order is to address the potential loss of customer funds. 
Continue Reading Blockchain Week in Review: Week of April 22-26, 2019