The new #CryptoCaselawMinute’s contents cover the following cases:
• Roberts v. Obelisk
• Kaplan v. CompCoin
• Fabian v. Nano
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• Roberts v. Obelisk
• Kaplan v. CompCoin
• Fabian v. Nano
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Medium
Crypto Caselaw Minute #18: 1/10/2019
Government shutdown or not, plaintiffs lawyers haven’t stopped filing new crypto lawsuits. This week we look at three new complaints, one…
“I will transfer it to your account”—this phrase is heard more and more often and can compete with the question about the availability of a store’s bonus card that a buyer gets asked when making certain purchases. Applications for smartphones have enabled many people to make money transfers in a few clicks without being physically present in a bank. Modern financial enterprises organize development teams to create mobile banking solutions and wallets accessible to all users. DeCenter compared two online funds transfer applications: Blockchain.info and BIP Wallet. We want to clarify that it is the functionality of the programs that is under review, their simplicity, accessibility, and speed of work regardless of monetary units.
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decenter.org
Money Transfer Applications: Which Are User-Friendly?
Money transfer applications are becoming ever more popular, but just how good are they?
Experts believe that 2019 may continue one of the trends of the previous year and become another year of the stablecoins. The site collecting statistics on stablecoins, the Stable Report, has 89 similar projects, while the list of coins backed by gold is incomplete and includes only the most popular projects, while their number is constantly growing. Blockchain company’s researchers point out that stablecoins open up “multi-trillion-dollar opportunities” and “have the potential to grow into one of the largest, if not the largest kind of digital assets.”
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decenter.org
A Crypto Dollar without a Dollar: What Should the Perfect Stablecoin Be Like and Where to Use It?
Stablecoins everywhere, but what does the future hold in store for them?
📨 #DeCenterDaily
💵 Blockchain developers have seen growth in annual salaries over the past half year.
via Computer World
🗣 Recently announced BitTorrent Token (BTT) is “basically a marketing machine layered on a very thin veneer of technology,” according to the company’s former executive.
via BreakerMag
💻 Organizers behind a recent 51-percent attack on Ethereum Classic (ETC) blockchain have returned $100,000 to one of the affected exchanges.
via Cointelegraph
📃 Wyoming state’s local authorities have approved a financial technology sandbox bill.
via CoinDesk
🇷🇺 Russian officials have refused to use Venezuela’s national cryptocurrency, the Petro, in bilateral trade with the country.
via Bitcoin.com
💵 Blockchain developers have seen growth in annual salaries over the past half year.
via Computer World
🗣 Recently announced BitTorrent Token (BTT) is “basically a marketing machine layered on a very thin veneer of technology,” according to the company’s former executive.
via BreakerMag
💻 Organizers behind a recent 51-percent attack on Ethereum Classic (ETC) blockchain have returned $100,000 to one of the affected exchanges.
via Cointelegraph
📃 Wyoming state’s local authorities have approved a financial technology sandbox bill.
via CoinDesk
🇷🇺 Russian officials have refused to use Venezuela’s national cryptocurrency, the Petro, in bilateral trade with the country.
via Bitcoin.com
Coincheck, a Japanese cryptocurrency exchange that ran into scrutiny after suffering a major breach last year and was consequently obliged to improve its security measures, has recently obtained a license from the Financial Services Agency (FSA), the country’s primary financial watchdog.
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CoinDesk
Coincheck Wins Crypto Exchange License 12 Months After Major Hack
Japanese crypto exchange Coincheck, which suffered a $530 million hack in January of last year, is now a licensed entity.
A U.S. cryptocurrency exchange Bittrex has announced the launch of an over-the-counter (OTC) trading desk. The service provides customers with an opportunity to trade in around 200 crypto assets that are already available on the main platform.
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Cointelegraph
Bittrex Follows Major Crypto Exchanges in Launching Over-The-Counter Trading Platform
The Bittrex OTC platform, which is geared towards high-volume trades, launches later Monday, a statement confirmed.
A derivatives trading platform LedgerX has launched an index designed to track the first cryptocurrency’s volatility. According to the company’s president and chief risk officer, the indicator could also be referred to as “a Bitcoin fear index.”
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Coindesk
LedgerX Launches 'Bitcoin Fear Index' to Track Price Volatility
LedgerX is launching LXVX – a "Bitcoin Fear Index" similar to the VIX, a popular volatility benchmark in the stock market.
Although just two weeks have passed since the beginning of the year, many events have already taken place in the crypto market that have a direct impact on the entire industry. From the launch of new trading platforms and tokens to attacks on the network of one of the largest cryptocurrencies by market capitalization. DeCenter collected the most important events of 2019 so far that you could have missed.
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decenter.org
Crypto Digest: The Main Market Events since the Beginning of the Year
Two weeks into 2019 and lots of things happening, so here they are in one digest.
The leading top 50 cryptocurrency assets have been showing strong growth in recent weeks, which could be the beginning for a repetition of the powerful upward rally that many traders remember in the fall and winter of 2017. For the “to the moon” to take off, about which investors already spoke so much in the past year, demand from “big capital” is necessary. We’ve reviewed the main news of this year and how they can affect the future rates of digital assets.
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decenter.org
Cryptocurrencies Are Tanking up before a Long Flight
The long-awaited rally of cryptos is on the horizon, so buckle up for this long ride.
📨 #DeCenterDaily
⌚️ Everything you need to know about Constantinople, an upcoming system-wide upgrade to the Ethereum network.
via The Block
🏦 HSBC, one of the world’s largest banks, has settled over $250 billion in trades using distributed ledger technology.
via CoinDesk
🤝 Bakkt, a cryptocurrency platform run by Intercontinental Exchange, announced the completion of its first acquisition.
via Cointelegraph
🖥 Hackers behind Ryuk malware received approximately $3.7 million in ransom in less than six months.
via CrowdStrike
🇩🇰 Denmark’s tax agency will soon start collecting trader information from local cryptocurrency exchanges.
via Bloomberg
⌚️ Everything you need to know about Constantinople, an upcoming system-wide upgrade to the Ethereum network.
via The Block
🏦 HSBC, one of the world’s largest banks, has settled over $250 billion in trades using distributed ledger technology.
via CoinDesk
🤝 Bakkt, a cryptocurrency platform run by Intercontinental Exchange, announced the completion of its first acquisition.
via Cointelegraph
🖥 Hackers behind Ryuk malware received approximately $3.7 million in ransom in less than six months.
via CrowdStrike
🇩🇰 Denmark’s tax agency will soon start collecting trader information from local cryptocurrency exchanges.
via Bloomberg
Cryptopia, a cryptocurrency exchange based out of New Zealand, released a statement today saying that it “suffered a security breach which resulted in significant losses.” The platform’s website is currently out of service, with no information regarding the amount of losses, names of digital assets affected, or further steps that will be taken to refund users.
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CoinDesk
New Zealand Crypto Exchange Cryptopia Goes Offline Citing Hack
New Zealand-based cryptocurrency exchange Cryptopia has gone offline claiming "significant" losses arising from a hack.
A cryptocurrency exchange BitMEX is shutting down trading accounts in the U.S. and Canadian province of Quebec due to regulatory restrictions.
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The Block
Canadian financial watchdog cracks down on the largest crypto exchange
BitMEX, one of the most active trading platforms for bitcoin, has accounts shut down in U.S. and Quebec since the company was not registered with AMF.
CoinDesk published an article on how the longest partial government shutdown in U.S. history is affecting the cryptocurrency market. In particular, the piece says that “the closure of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) has put key developments—namely, the approval and launch of products and services involving cryptocurrencies—on hold.”
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CoinDesk
How the US Government Shutdown Is Halting Crypto Progress on Wall Street - CoinDesk
A record-breaking government shutdown in the U.S. is pushing crypto policy decisions to the back burner.
When critics of cryptocurrencies talk about digital assets, they first bring up a skeptic argument about the impossibility of using Bitcoin and other coins in everyday life. “Cryptocurrency cannot be used to paid in a regular grocery store; non-existent money cannot be spent using a card”—this reflects the reality of the implementation of crypto payments in financial activities. The introduction of digital money in Apple Pay, Samsung Pay, or Android Pay, however, can change the attitude.
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decenter.org
One-Touch Payments in Cryptocurrencies, or When Will CryptoPay Be Available?
Contactless payments have proven their convenience and are now migrating to cryptos.
Much time has passed since cryptocurrencies ceased to be a toy for geeks and received the status of a serious tool that multiplies the capabilities of any platform by hundreds of times. The last two years in the blockchain world have become decisive, and over this small period, the population of Earth has grown acquainted with the technology real fast. On the one hand, now they know about cryptocurrencies and crypto technology in every corner of the world, and this is good. On the other hand, an impressive part of the population still does not understand how cryptocurrencies can improve their lives because they hear the “Bitcoin is a financial bubble” mantra on TV all the time. It is time to fix it.
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decenter.org
Why Does the Future Lie with P2P Economies, and How Will Blockchain Assist?
A new economy is emerging and molding into the old system with great benefits.
📨 #DeCenterDaily
🗓 Ethereum’s core developers have delayed the Constantinople upgrade due to discovered critical security vulnerability.
via CoinDesk
💶 Cryptocurrency exchange Binance has launched a new fiat-to-cryptocurrency trading platform supporting the euro (EUR) and British pound (GBP).
via Cointelegraph
🇧🇬 Bulgaria’s authorities have started to investigate exchange platforms to demand taxes from cryptocurrency investors.
via ccn
👥 Proper regulation may help Bitcoin supersede gold, the Winklevoss brothers believe.
via Fortune
👨🏻💻 A new malware disguised as a movie was detected on The Pirate Bay, one of the largest torrent sites. It swaps wallet addresses to steal Bitcoin and Ether.
via BleepingComputer
🗓 Ethereum’s core developers have delayed the Constantinople upgrade due to discovered critical security vulnerability.
via CoinDesk
💶 Cryptocurrency exchange Binance has launched a new fiat-to-cryptocurrency trading platform supporting the euro (EUR) and British pound (GBP).
via Cointelegraph
🇧🇬 Bulgaria’s authorities have started to investigate exchange platforms to demand taxes from cryptocurrency investors.
via ccn
👥 Proper regulation may help Bitcoin supersede gold, the Winklevoss brothers believe.
via Fortune
👨🏻💻 A new malware disguised as a movie was detected on The Pirate Bay, one of the largest torrent sites. It swaps wallet addresses to steal Bitcoin and Ether.
via BleepingComputer
Check out Larry Cermak’s thread on the Lightning Network development: https://twitter.com/lawmaster/status/1085198042800758784
Blockchain security company BitGo has entered into a partnership with Genesis Global Trading to enable customers to trade in digital assets directly from its custody.
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The Block
BitGo announces partnership that puts it up against the largest crypto exchanges
BitGo, the crypto custody provider, is teaming up with a trading firm to offer its institutional clients the ability to buy and sell crypto for the first time on its platform. The new offering, announced Wednesday, allows clients to trade the crypto held…
CoinDesk published an article on the impact that exclusive discounts offered by stablecoin-issuers Gemini and Paxos had on the astronomic increase in trading volumes of GUSD and PAX, respectively.
“They were offering that as a sweetener for getting it kick-started with adoption,” as the story cites an OTC trader who wished to remain anonymous.
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“They were offering that as a sweetener for getting it kick-started with adoption,” as the story cites an OTC trader who wished to remain anonymous.
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Coindesk
Game of Coins: Inside the Paxos-Gemini Stablecoin Discount War
Here's why several stablecoins saw sudden bursts of activity over the past three months.
An interesting read on two organizations suing the SEC over what they describe as “perpetual, lifetime gag orders” that violate the First Amendment rights of settling defendants in civil enforcement actions.
“When you settle charges with U.S. Securities and Exchange Commission, you become bound by the SEC’s decades-long ‘neither admit nor deny’ policy, which hinders your ability to speak freely about the specifics of your case and explicitly prohibits you from even implying that the government’s allegations are without merit.
But that could soon change.”
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“When you settle charges with U.S. Securities and Exchange Commission, you become bound by the SEC’s decades-long ‘neither admit nor deny’ policy, which hinders your ability to speak freely about the specifics of your case and explicitly prohibits you from even implying that the government’s allegations are without merit.
But that could soon change.”
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Decrypt
Lawsuit aims to free settling defendants from SEC gag rule
Civil liberties groups filed a landmark lawsuit this week against the SEC, claiming its gag orders violate companies’ First Amendment rights. Crypto startups, take heart.
Today, the total number of daily users of all dApps barely exceeds 50,000 people, and this can hardly be compared with the multi-million audience of popular computer games. The most famous EOS dApp, Endless Dice, has 11,644 users, while the most popular Ethereum dApp, My Crypto Heroes, has a total of 2,647 users. DeCenter gathered expert opinion on why 2018 did not become the year of dApps.
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decenter.org
Why the Killer dApps Got Lost Somewhere along the Way
The vaunted dApp is a long time coming, but it will see its rise. Eventually.