News & Analysis as of

Digital Currency Cryptocurrency Investors

Troutman Pepper

SEC Approves Spot Ether ETFs

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On July 22, 2024, the Securities and Exchange Commission (SEC) declared nine registration statements effective under the Securities Act of 1933 for spot Ether ETFs, clearing the way for the ETFs to begin trading on July 23....more

Cadwalader, Wickersham & Taft LLP

It’s Raining Crypto Bots on the IRS

On August 29, 2023, the IRS issued proposed crypto reporting regulations (the “Proposed Regulations”), which we discussed in detail here. The Proposed Regulations build on the 2021 changes to the Internal Revenue Code that...more

Akin Gump Strauss Hauer & Feld LLP

CryptoLink - February 2024 Updates

CryptoLink is a compilation of news stories published by outside organizations. Akin aggregates the stories, but the information contained in them does not necessarily represent the beliefs or opinions of the firm. Akin's...more

Husch Blackwell LLP

FTX Files for Bankruptcy: Industry Contagion Possible

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On Friday, November 11, 2022, FTX and approximately 130 of its affiliates filed, or will soon file, Chapter 11 bankruptcy petitions in the District of Delaware. FTX’s CEO, Sam Bankman-Fried, also known as SBF, who until...more

Conyers

Inclusiveness vs Volatility: The Impact of Crypto and Blockchain Technology on Business

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There are widely varying opinions on blockchain and cryptocurrency. Corporate and TMT expert Nicholas Kuria recently spoke to Africa Legal about the impacts of the technology on business, nations and lawyers. Originally...more

Kelley Drye & Warren LLP

The Crypto Weekly - September 2022 Issue #2

The below articles and industry developments have been identified by Kelley Drye and Warren’s Blockchain and Cryptocurrency practice group as relevant during the week of September 7 – September 13. We hope you find this...more

Gray Reed

IRS Continues to Hunt for Cryptocurrency Investors with John Doe Summonses

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The IRS knows it has a problem, in that it knows there are far more cryptocurrency transactions than are being reported on tax returns. The IRS may also get an $80 billion increase in funding for enforcement that will help...more

Patterson Belknap Webb & Tyler LLP

It’s Getting Chilly: The “Cryptowinter” Marches On

It’s been a hard year for cryptocurrency. The values of most cryptocurrencies, including major coins such as Bitcoin and Ethereum, have continued to tumble. In fact, the price of one stablecoin, which is a form of...more

Ankura

Are NFTs valuable digital assets or near-worthless illusions?

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Non-fungible tokens are seen by some as an exciting new way to own digital assets such as art, but seen by others as a global confidence trick akin to The Emperor’s New Clothes. Public awareness of non-fungible tokens...more

Foodman CPAs & Advisors

¿Está Su Criptomoneda En Una Billetera Personal O En Un Intercambio?

La respuesta a la pregunta: “¿Está su criptomoneda en una Billetera Personal o en un Intercambio?” importa, ya que hemos aprendido que las criptomonedas que se mantienen en un “Crypto Exchange” (Intercambio) NO es lo mismo...more

Harris Beach PLLC

Explosive Growth of Cryptocurrency Creates Estate Planning Needs for Investors

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With thousands of different types currently available and explosive growth in popularity and circulation, cryptocurrency is quickly becoming an important part of the modern-day estate plan...more

Jones Day

JONES DAY TALKS®: We Got This: CFTC Chair Pursues Authority Over Digital Assets

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As discussions and debates unfold over digital currency regulations, Commodity Future Trading Commission chairman Rostin Benham told a U.S. Senate committee that "speculative fervor" surrounding cryptocurrencies has...more

Amundsen Davis LLC

BlockFi Settlement: A New Era in Crypto Regulation?

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On February 14, 2022, BlockFi Lending LLC (BlockFi) settled charges with the SEC and state securities regulators for a total of $100 million in penalties. BlockFi was charged with a failure to register the offer and sales of...more

International Lawyers Network

Related to cryptocurrency? You will not be allowed to participate in organized securities trading in Russia

The Central Bank of Russia did another “shot” at the rights of cryptocurrency holders on July 19, 2021. The Bank issued an Information Letter No. IN-06-59 / 52 “On certain types of financial instruments” on this day. Now...more

White & Case LLP

AAA plc & ors v Persons Unknown: Cyber Activism or Blackmail?

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In recent years, demands for payments in cryptocurrencies have become the ransom of choice for cyber extortionists and other online frauds. The COVID-19 pandemic and resulting public health lockdowns precipitated an...more

McDermott Will & Emery

To Catch a (Bitcoin) Thief: Cross-Practice Team Recovers $6 Million in Short Order

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THE CHALLENGE: In the emerging cryptocurrency space, most investors store their assets in digital wallets, where—unlike traditional bank accounts—they earn no interest. In the last few years, cryptocurrency investors have...more

BakerHostetler

[Podcast] Everything You Need to Know About NFTs in 10 Minutes or Less

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Rob Musiala, a Counsel in the Digital Assets and Data Management group and the co-leader of our Blockchain Technologies and Digital Currencies team, breaks down everything you need to know about NFTs, all in 10 minutes or...more

Spilman Thomas & Battle, PLLC

NFTs are Not Tulips! (Or are they?)

Have questions about just what exactly is an NFT? In this video, Spilman Thomas & Battle attorneys Brandon Hartman, Hugh Wellons, and Risa Katz-Albert briefly discuss what an NFT is, what can be done with an NFT, and some of...more

BakerHostetler

Crypto Investment and Payment Products Launch, BiTA Platform Announced, SEC and OFAC Take Crypto Enforcement Actions, FCA Extends...

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Crypto Investment and Payments Products Launch, Payment Data Published - Last week Securitize announced the launch of Securitize Capital, which will serve as an investment manager of digital asset funds for institutional and...more

Goodwin

Federal Reserve Hints at Government-Backed Cryptocurrency

Goodwin on

Federal Reserve Hints at Government-Backed Cryptocurrency; Third Circuit Affirms Dismissal of Securities Fraud Class Action Against Shutterfly Inc. Regarding Allegedly Misleading Financial Projections; Ninth Circuit Holds...more

BakerHostetler

Market Actors Integrate Cryptocurrency into Payment and Investment Products, More NFTs Launched, SEC Staff Issues Crypto...

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Market Actors Continue to Integrate Cryptocurrency into Payment Systems - According to a press release this week, California-based Silvergate Bank announced that it will become the issuer of Diem USD, a new cryptocurrency...more

Foster Garvey PC

Sports & Entertainment Spotlight - May 2021

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Hope is in the air (not to mention copious amounts of tree pollen) here in New York – and that’s to say nothing of the Knicks’ hardwood resurgence, the Giants’ highly-acclaimed moves in last week’s NFL Draft and the Yankees’...more

Nelson Mullins Riley & Scarborough LLP

Statute of Limitations Halt Crypto Currency Business Class Actions

Five plaintiffs recently voluntarily dismissed their putative securities class action lawsuits one year after sending shock waves through the crypto world when they filed eleven alleged class action lawsuits against...more

Skadden, Arps, Slate, Meagher & Flom LLP

Regulating Blockchain

The first 100 days of the Biden administration has coincided with a watershed period in the evolution of blockchain technology and cryptocurrencies. The price of Bitcoin has risen dramatically during that period, triggering...more

Foster Garvey PC

Sports & Entertainment Spotlight - April 2021 #3

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“Happy” Tax Day to those of you here in the United States celebrating/commiserating (noting of course that certain taxpayers have until May 17 to file their returns this year). Like taxes, this installment of the Spotlight...more

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