News & Analysis as of September 24, 2024

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Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender... more +

Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender status, Virtual Currency is still traded and exchanged in some environments, typically online environments or communities. Bitcoin is the most well-known form of Virtual Currency. less -

Financial Daily Dose 6.2.2020 | Top Story: CBO Projects Decade of Recovery and GDP-Contraction From Pandemic-Induced Econ Harm

Robins Kaplan LLP on 6/2/2020

New estimates from the Congressional Budget Office suggest that the “U.S. economy could take the better part of a decade to fully recover from the coronavirus pandemic and related shutdown” and see as much as a 3% contraction...more

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

Polsinelli on 1/3/2020

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

The Future of Stablecoins—Anything But Stable?

Robinson+Cole Data Privacy + Security Insider on 12/2/2019

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

Transfer of Digital Currencies - The Dream and its Collapse

Barnea Jaffa Lande & Co. on 10/29/2019

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

BitBlog Weekly Summary

Polsinelli on 9/18/2019

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

Despite Big News and Some Regulatory Progress, Digital Assets Face Continued Skepticism and Legal Hurdles

Polsinelli on 7/31/2019

As the summer continues to heat up so does the digital asset industry with two major developments. The Libra announcement last month represented a milestone in the cryptocurrency industry....more

Bridging the Weeks - July 2019 #5

Katten Muchin Rosenman LLP on 7/30/2019

A federal appellate court in California issued a decision effectively ratifying the Commodity Futures Trading Commission’s expansive view of its authority to bring enforcement actions addressing a diverse range of purported...more

After Months of Rumors, Facebook Officially Announces New Libra Cryptocurrency

Blank Rome LLP on 6/25/2019

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

Virtual Currency Gets Real Social Media Ads

Manatt, Phelps & Phillips, LLP on 5/30/2019

Reversing course, Facebook has relaxed the advertising standards for the promotion of blockchain, cryptocurrency and other financial products on the social media site....more

Financial Daily Dose 5.21.2019 | Top Story: FCC Approves T-Mobile/Sprint Merger

Robins Kaplan LLP on 5/21/2019

FCC Chair Ajit Pai gave his agency’s stamp of approval to the pending $26 billion T-Mobile/Sprint merger on Monday, helping move the deal towards completion based on pledges from the companies to develop “a robust 5G network...more

Data Privacy + Cybersecurity Insider - October 2018

Robinson & Cole LLP on 10/8/2018

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

Your Daily Dose of Financial News

Robins Kaplan LLP on 9/26/2018

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

Your Daily Dose of Financial News

Robins Kaplan LLP on 9/19/2018

China is answering the White House’s latest tariff announcement with another $60 billion in levies on US goods of its own....more

Your Daily Dose of Financial News

Robins Kaplan LLP on 6/26/2018

Milwaukee-based Harley-Davidson announced on Monday that it will shift some of its motorcycle production overseas “to avoid retaliatory tariffs imposed by the European Union” in response to the White House’s trade moves....more

Your Daily Dose of Financial News

Robins Kaplan LLP on 5/23/2018

The US House included the revised Volcker Rule that we’ve discussed in a broader package of Dodd-Frank reforms that it passed with bipartisan support last night. The bill—ostensibly aimed at easing restrictions on small to...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 4/27/2018

Facebook isn’t the only tech stock having a good week. Amazon—helped along by its booming cloud business—more than doubled its net income in Q1 as compared to a year ago....more

Your Daily Dose of Financial News

Robins Kaplan LLP on 3/22/2018

Facebook CEO Mark Zuckerberg finally issued a statement yesterday addressing the unauthorized data use scandal involving Cambridge Analytica that’s cost his company share price almost 10% since the story broke....more

Your Daily Dose of Financial News

Robins Kaplan LLP on 2/16/2018

The SEC is blocking the proposed sale of the Chicago Mercantile Exchange to a group of Chinese investors based on “unresolved questions” over the “proposed ownership structure and concerns for the regulatory agency’s ability...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 1/31/2018

Even as JPMorgan has set the playing field for his successor (Daniel Pinto v. Gordon Smith, FYI), head honcho Jamie Dimon is making it clear that he’s not about to go anywhere anytime soon....more

Your Daily Dose of Financial News

Robins Kaplan LLP on 11/2/2017

Facebook may have had a difficult day on the Hill. But a 79% rise in Q3 profit—driven, ironically enough, by online ads—should help soften the blow....more

Your daily dose of financial news - The Brief – 7.22.16

Robins Kaplan LLP on 7/22/2016

EU financial watchdog ESMA has fined rating agency Fitch Ratings Ltd. $1.5 million for reportedly violating the EU’s rules for rating agencies relating to the 12-hour requirement, internal controls, and unauthorized...more

Around the Virtual World: July 22-26, 2013

Pillsbury - Internet & Social Media Law Blog on 7/31/2013

A weekly wrap up of interesting news about virtual worlds, virtual goods and other social media. In This Issue: - Surprise: Facebook Is The Tech Company That Reports The Blowout Quarter - SEC Says Texas...more

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