Congress is set to hold what may be the most consequential hearing in years on the subject of cryptocurrency, with the heads of the two main U.S. financial market regulators in the hot seat. J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, and Jay Clayton, his counterpart at...
One of the first and most influential lawyers to represent blockchain and cryptocurrency businesses is joining one of the industry's oldest startups in an executive role. Announced today, Marco Santori is leaving Cooley LLP, where he's been a partner since November 2016, to become the president and chief legal...
Disrupting the internet? Not just fodder for TV jokes, it's a goal that continues to capture the imaginations of developers in the blockchain sphere, and Ben Gorlick and Johnny Dilley are no exception. Turns out, the developers liked the idea so much they ditched one of the most renowned tech companies...
Texas' securities agency has issued another cryptocurrency-focused emergency cease-and-desist order, this time against a lending scheme called DavorCoin. In its latest filing, signed Feb. 2, the Texas State Securities Board (TSSB) alleges DavorCoin has been issuing unregistered securities with fraudulent and misleading information to lure investors. The filing arrives just...
The Chinese government is reportedly moving to block domestic access to overseas websites that offer services for cryptocurrency trading and ICO investments. A report from Financial News, a website tied to the People's Bank of China (the country's central bank), indicates that authorities there are stepping up a crackdown...
Stephen Palley is a lawyer in private practice in Washington, D.C. with the firm of Anderson Kill. The views expressed are his alone. You can find him on Twitter at @stephendpalley. One day you're a crypto-millionaire, the next you're a crypto-defendant. Initial coin offerings (ICOs) made crypto-news throughout 2017. Announcements...
A financial regulator in the United Arab Emirates has issued a warning to residents on the risk of initial coin offerings (ICO). Issued on Feb. 4 by the Securities and Commodities Authority (SCA), the circular alerts residents in the country to be aware of the risk of investing in...
There's a gap in the vision for the decentralized internet. At least that's according to Bluzelle, which recently raised $19.5 million in an initial coin offering (ICO) aimed at creating a network of decentralized online databases. While several companies, including Filecoin and Storj, are already working on decentralized file storage,...
Symptomatic of a broader shift internationally, the crypto landscape in Dublin has changed rapidly, and with an enthusiasm perhaps disproportionate to the city's scale. Suddenly perforated with meetups, ICO startups, crypto cafes, bitcoin merchandise and trading chatter in pubs, cryptocurrencies have seemingly taken the city by storm – and...
January turned out to be a difficult month for the cryptocurrency markets. Bitcoin, the world's largest currency by market capitalization, dropped close to 30 percent, meaning its market capitalization shaved off billions after a torrid end to 2017. Meanwhile, excitement seemed to fade as the total value of all cryptocurrencies...