News & Analysis as of

Facebook Digital Currency

Burr & Forman

Meta Shutters Diem

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Requiescat Diem. Launched with great fanfare three years ago as Libra, the Facebook/Meta-led blockchain stablecoin effort now called Diem announced January 31 that it will shut down and sell its assets to Silvergate Capital...more

Robins Kaplan LLP

Financial Daily Dose 10.18.2021 | Top Story: Hollywood Crew Union Reaches Deal to Avert Strike; Shows to Go On

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Hollywood’s behind-the-scenes “version of blue-collar workers—camera operators, makeup artists, prop makers, set dressers,” and their ilk—reached a “tentative agreement for a new three-year contact with film and television...more

Robins Kaplan LLP

Financial Daily Dose 6.29.2021 | Top Story: Judge Dismisses FTC and States’ Antitrust Actions Against Facebook

Robins Kaplan LLP on

On Monday, D.C. District Judge James Boasberg granted Facebook’s motion to dismiss the antitrust lawsuits filed by the Federal Trade Commission and 40+ states in “a stunning setback to regulators’ efforts to break up...more

Spilman Thomas & Battle, PLLC

Decoded: Technology Law Insights - Issue 7, September 2020

U.S. Judge Halts Trump's TikTok Ban, Hours Before It was Set to Start - "John Hall, an attorney for TikTok, said that the app, with some 100 million American users, is a 'modern day version of the town square' and shutting...more

Spilman Thomas & Battle, PLLC

Decoded: Technology Law Insights - Issue 6, September 2020

TikTok Will Partner with Oracle in the United States After Microsoft Loses Bid - "TikTok and Oracle will become business partners in the United States — a deal meant to satisfy the Trump administration's national security...more

Barnea Jaffa Lande & Co.

Libra 2.0 – From Global Currency to a Payment Method on Facebook’s Platform

After Libra, Facebook’s ambitious global digital currency venture, faced fierce resistance from regulators around the world, Facebook has announced “Libra 2.0.” The venture is set to undergo far-reaching changes that, on the...more

Polsinelli

Wind of Change - The Year FinTech Came in From the Cold - Polsinelli BitBlog: Year End Edition

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Digital assets and Blockchain technologies which were once described as the tools of criminals, are now a key part of efforts by traditional financial services firms to transform their businesses and innovative firms looking...more

Robinson+Cole Data Privacy + Security Insider

The Future of Stablecoins—Anything But Stable?

Stablecoin currencies such as Facebook’s Libra may pose systemic risks to the global financial system, according to a recently released Federal Reserve Report. In its Financial Stability Report released on November 19, 2019,...more

Perkins Coie

Blockchain Week in Review - October 2019 #2

Perkins Coie on

U.S. Developments - Mark Zuckerberg Testifies Before U.S. House of Representatives Regarding Libra - On October 23, Facebook, Inc. CEO, Mark Zuckerberg, testified before the House Committee on Financial Services regarding...more

Barnea Jaffa Lande & Co.

Transfer of Digital Currencies - The Dream and its Collapse

Barnea Jaffa Lande & Co. on

Regulatory resistance and legal proceedings conducted by the U.S. Securities and Exchange Commission (S.E.C.) are currently hindering the realization of one of the greatest promises of blockchain technology – the transfer of...more

Bennett Jones LLP

Cryptocurrency 2.0: Is Libra the Tipping Point?

Bennett Jones LLP on

The year was 2017. The holidays were approaching and the popular focus on cryptocurrencies—particularly Bitcoin—was becoming more intense in each passing news cycle. But it was not to last. On December 17, 2017, Bitcoin...more

Robins Kaplan LLP

Financial Daily Dose 10.10.2019 | Top Story: US/China Trade Talks Resume Even as Tensions Grow

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Senior negotiators from the U.S. and China will officially resume trade negotiations today, “with higher tariffs looming if [they] fail to break a five-month stalemate.” The U.S.’s moves this week to blacklist 28 Chinese tech...more

Robins Kaplan LLP

Financial Daily Dose 10.9.2019 | Top Story: Chair Powell says Fed will Expand its Treasury Securities Holdings

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Fed Chair Powell, speaking at an economics conference in Denver yesterday, made news by indicating that the central bank would “once again begin expanding its portfolio of government-backed securities”—a shift in policy...more

Polsinelli

BitBlog Weekly Summary

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This week’s summary includes updates on anti-money laundering in the crypto-friendly nation of Malta and a proposal to regulate cryptocurrency miners in the United States to help stop human trafficking....more

Polsinelli

BitBlog Weekly Update

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The Polsinelli BitBlog Weekly Update begins with the U.S. Securities and Exchange (“SEC”) settlement with an issuer of securities, who managed to both illegally offer securities, and create an unlicensed exchange to trade...more

Pillsbury - Internet & Social Media Law Blog

News of Note for the Internet-Minded – Minecraft AI, GPS Tracking Transparency and Sweat Checks

What becomes of old (popular) Twitch channels, is Walmart getting into the virtual currency game, could 5G mean safer self-driving vehicles, and more …...more

Barnea Jaffa Lande & Co.

The Israeli Payment Market Is Lagging Behind

The payment market in Israel and around the world is marching toward revolution: Facebook announced the launch of its digital currency, the Libra; Le’umi Bank entered into agreements with 400 businesses for acceptance of...more

Robins Kaplan LLP

Financial Daily Dose 7.11.2019 | Top Story: Fed Chair Primes Markets for July Rate Cut

Robins Kaplan LLP on

The big takeaway from Day 1 of Fed Chair Powell’s Congressional testimony is that a July rate cut is still definitely on the table, despite last week’s strong US jobs numbers.  As the Times puts it, “That the Fed is...more

Barnea Jaffa Lande & Co.

The Law of Facebook Is Not the Law of Small Companies

In June, two seemingly unrelated events took place: during the first week of June the SEC filed suit in federal court against the company Kik Interactive, which raised about 100 million dollars in the summer of 2017 through...more

McGuireWoods Consulting

Emerging Technologies Washington Update - June 2019 #4

This Week: Senators Warner and Hawley introduce the DASHBOARD Act, Senate Finance Committee leaders urge Mnuchin to stave off digital tax, House and Senate panels examine machine learning, artificial intelligence, Senate...more

Perkins Coie

Blockchain Week in Review - June 2019 #3

Perkins Coie on

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...more

Blank Rome LLP

After Months of Rumors, Facebook Officially Announces New Libra Cryptocurrency

Blank Rome LLP on

Social networking giant Facebook has unveiled plans for a global digital currency, which the company hopes will “transform the global economy” by offering an easy-to-use alternative to cash, credit card transactions, and bank...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Nissan Board Chair Carlos Ghosn is on the verge of being ousted at the Japanese automaker after an internal investigation found that he had “underreported his compensation to the financial authorities for several years.”...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - October 2018

Robinson & Cole LLP on

On October 1, 2018, the Food and Drug Administration (FDA) issued its “Medical Device Cybersecurity Regional Incident Preparedness and Response Playbook” to address continued threats to medical devices that could affect...more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

Hiding somewhat in the shadows during the rise of virtual currencies over the past year or two has been blockchain, the ledger technology that undergirds bitcoin and other cryptos, and its potential application beyond digital...more

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