Virtual Currency, Hackers, Blockchain

Blockchain+ Bi-Weekly - February 2024

Polsinelli on 2/9/2024

The Blockchain Bi-Weekly presented by the Polsinelli Blockchain+ team is a rundown of some of the key stories in the Web3, blockchain and crypto ecosystems curated by our attorneys navigating the intersections of code, smart...more

Digital Asset Exchanges, NFT Cos. Launch New Products; Banks Announce Crypto Initiatives; NY DFS Publishes Crypto Guidance;...

BakerHostetler on 11/20/2023

Digital Asset Exchanges Launch Margin Futures, Stablecoins, Custody Product - The digital asset affiliate of one of the world’s largest derivatives exchanges recently published a press release announcing that it will...more

Crypto Custody Services Expand; CFTC Enforcement Targets DeFi, SEC Targets NFTs; FinCEN Warns of Crypto Scams; Major Hacks Steal...

BakerHostetler on 9/18/2023

Financial Services Firms Expand Cryptocurrency Custody Services - According to recent reports, the cryptocurrency custody arm of a major international bank has launched its institutional cryptocurrency custody services in...more

New Crypto Products Launch, Draft Digital Assets Bill Released, Regulators Address Stablecoins, DOJ Publishes Crypto Report, Hacks...

BakerHostetler on 6/10/2022

Fintech and Crypto Firms Announce Myriad New Crypto Product Launches - This week, a major global payments firm announced the launch of a stablecoin settlement solution that leverages technology by Fireblocks, a digital...more

Banks to Use Blockchain for FX; Avalanche Adds USDC; NFT Boom Continues; Regulators Address Crypto Ads, Derivatives; Reports...

BakerHostetler on 12/21/2021

Banks to Use Blockchain for FX Settlement, Avalanche Network Adds USDC - In a recent press release, two major banks announced an agreement to implement a new blockchain-based solution for the netting and settlement of matched...more

Financial Institutions Pursue Cryptocurrency and Blockchain Offerings, US Treasury Sanctions Russian Crypto OTC Desk, Multiple...

BakerHostetler on 9/27/2021

Traditional Financial Firms Pursue Crypto and Blockchain Market Offerings -Earlier this week, a major Dutch financial institution reportedly became the sixth broker-dealer to join forces with the first blockchain-based...more

Cryptocurrency and Blockchain Initiatives Continue in Payments, NFTs and Media; Crypto Enforcement and Threats Also Continue...

BakerHostetler on 5/3/2021

Crypto Adoption Continues in Credit Cards, OCC Approval, Restaurant Paymentsc - According to recent reports, a major U.S. financial services firm and Gemini, one of the largest U.S. cryptocurrency exchanges, will soon launch...more

Crypto Financial Products Announced, MIT Seeks to Improve Bitcoin Codebase, SEC Addresses Digital Assets, DeFi Hacks Continue,...

BakerHostetler on 3/8/2021

Crypto Firms Launch New Services, MIT Seeks to Improve Bitcoin Codebase - A San Francisco-based cryptocurrency custody firm successfully completed an $80 million funding round, following its recent procurement of a federal...more

Financial Firms Move to Integrate Cryptocurrencies, Blockchain Solutions Announced Across Markets, Agencies Target Crypto Crimes...

BakerHostetler on 2/15/2021

Payment Firms Adopt Cryptocurrencies, Company Purchases $1.5 Billion in Bitcoin - According to a press release, last week the Office of the Comptroller of the Currency provided conditional approval to Protego Trust Bank for a...more

New Crypto Payment Services Launch; Blockchain Pilots Announced for Agriculture, Textile, Seafood Supply Chains; DeFi Project...

BakerHostetler on 11/23/2020

New Crypto Payment Services Launch, Bitcoin ATM Firm Asserts Patent Rights - Late last week, BitPay, a major cryptocurrency payment provider, announced the introduction of BitPay Send, a new mass payout service that enables...more

Securing the Weakest Link U.S. Government’s Cryptocurrency Tracing Capacity on Full Display in Civil Forfeiture Action

Polsinelli on 9/16/2020

The U.S. Department of Justice (“DOJ”) filed a civil forfeiture complaint detailing two hacks of virtual currency exchanges by North Korean actors. These actors stole millions of dollars’ worth of cryptocurrency or other...more

CBDC Test Platform Launches, Crypto Adoption Report Published; Air Force Awards Contract to Study Blockchain Applications; Past...

BakerHostetler on 9/14/2020

CBDC Testing Platform Launches, Crypto Adoption and Bitcoin Payment Options Grow - According to a recent press release, a major U.S. financial services firm has launched a “custom testing platform” that “allows central banks...more

Blockchain 50 Published, Exchanges Expand Services, Enforcement Actions by SEC, CFTC and International Tax Authorities, Hacks...

BakerHostetler on 2/21/2020

Forbes Publishes Blockchain 50, Cryptocurrency Exchanges Expand Services - This week, Forbes published its second annual Blockchain 50 list, recognizing the 50 largest companies with significant blockchain technology...more

Crypto and Blockchain Markets Signal Growth Amid Regulator Skepticism, Hacks and Sanctions Warnings

BakerHostetler on 7/22/2019

Cryptocurrency Exchanges Obtain New Licenses Across Globe Amid Market Growth - The New York State Department of Financial Services (DFS) announced early this week that it approved a virtual currency license for Seed...more

Capital Markets Integrate Crypto and Blockchain, New FATF Guidance, US City Pays Bitcoin Ransom and More

BakerHostetler on 7/1/2019

CFTC Approves Bitcoin DCM, New Bitcoin ETF Proposed, Crypto IRA and Blockchain Depository Receipts Introduced - The Commodity Futures Trading Commission (CFTC) has announced approval of LedgerX’s registration as a designated...more

New Data and Analysis on Crypto-Assets, Blockchain Enterprise Announcements, Various Cryptocurrency Hacks Reported

BakerHostetler on 6/14/2019

New Developments and Research on Crypto-Asset Market Activities - According to data from Bitcoinity, in May 2019, bitcoin trading volume on Coinbase, one of the largest cryptocurrency exchanges in the U.S., reached a...more

Blockchain Developments: Cryptocurrencies, Enterprise Solutions, New Regulations, SEC Enforcement, Crypto-Mining Malware and More

BakerHostetler on 6/10/2019

Stablecoin Activity Heats Up, Bitcoin’s Speculation Problem and Other Payments News - Despite the increase in major companies opening up payment options in bitcoin, research from Chainalysis shows that only 1.3% of bitcoin...more

New Blockchain Solutions Across Industries, Institutional Cryptocurrency Trading Announced, Major Cryptocurrency Exchange Is...

BakerHostetler on 5/13/2019

Supply Chain Initiatives Announced by Major Private and Public Sector Actors - This week one of the world’s largest technology firms announced an initiative with one of the world’s largest retail coffee stores to develop a...more

New Blockchain Solutions Announced Across Industries, Multiple Crypto Enforcement Actions Announced Across Jurisdictions

BakerHostetler on 4/29/2019

Banks Announce Blockchain Initiatives, Stablecoins Launch, France Passes New Law - Last week, a major French-based bank announced it will issue the first covered bond as a security token that is directly registered on the...more

Bitcoin Spikes, SEC Issues Token Guidance, Exchange is Hacked, and More

BakerHostetler on 4/8/2019

Paying with Crypto: Where to Use Your Crypto and the Recent Surge in its Value - You may be able to use cryptocurrency to pay for your next vacation. Bitrefill, a Sweden-based company, recently began offering gift cards...more

Blockchain Announcements Across Industries, Cryptocurrency Exchanges Receive Approvals, More Regulatory Actions, More Hacks and...

BakerHostetler on 4/1/2019

Adoption of Blockchain Solutions Spreads Across Industries - Last week, a major U.S. international shipping conglomerate announced plans to collaborate with Inxeption, an e-commerce technology company, to build a platform...more

New Blockchain Products, an FBI Raid, the $11 Billion Bitcoin Case, Hackers Strike With a 51 Percent Attack and Crypto Tax...

BakerHostetler on 1/14/2019

New Cryptocurrency Financial Products and Platforms Announced - Last week, SEFToken Inc. launched a new tokenized instrument. The new token, known as a “covered warrant,” will be issued through the Securitize platform on the...more

Blockchain Developments: NY AG Issues Report, Major Japanese Exchange Hacked, Global Attitudes Diverge and Use Cases for Social...

BakerHostetler on 9/21/2018

New York Attorney General Issues Virtual Markets Integrity Initiative Report - On Sept. 18, 2018, the New York Attorney General’s Office released its Virtual Markets Integrity Initiative Report. The report addressed 10 major...more

Data Privacy + Cybersecurity Insider - July 2018 #4

Robinson & Cole LLP on 7/30/2018

The Federal Energy Regulatory Commission (FERC) announced on July 19, 2018, that it is directing the North American Electric Reliability Corporation (NERC) “to develop and submit modifications to the NERC Reliability...more

Cybersecurity Uncertainty for Cryptocurrencies

Bennett Jones LLP on 2/2/2018

There is a lot of money—both fiat and virtual—in cryptocurrencies. The growth of these blockchain-based online assets made headlines throughout 2017. The price of Bitcoin, likely the best-known cryptocurrency, rose from...more

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