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Viva La Crypto • November 20-21, 2018

 Viva La Crypto is the first and biggest event in Mexico about blockchain technology and cryptocurrencies, more than 40 sponsors…

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Tag: law

JAMS Leads the Way in Arbitration Innovation by Introducing Blockchain and Cryptocurrencies Practice

Category: Adoption, Blockchain, Business, News, Regulation

JAMS Leads the Way in Arbitration Innovation by Introducing Blockchain and Cryptocurrencies Practice

Alternative dispute resolution (ADR) group JAMS is trying to get ahead of the curve by launching a practice that specifically focuses on issues involving cryptocurrencies, blockchains, and smart contracts, the company announced in a press release on September 7, 2018. Reshaping the Practice of Law JAMS, the largest private provider of mediation and arbitration services worldwide, has announced the launch…

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Another ICO Cracked Down by SEC, Even the Investors Can be Punished by Law

Category: Altcoins, Bitcoin, Blockchain, Business, News, Regulation, Tech

Another ICO Cracked Down by SEC, Even the Investors Can be Punished by Law

The US Securities and Exchange Commission (SEC) has cracked down on an initial coin offering (ICO) called PlexCoin for illicitly distributing securities without the approval and authorization from the SEC. SEC Steps In On June 20, 2018, the U.S. SEC disclosed that local authorities have requested the police to freeze the assets and holdings of PlexCoin project operators, alleging Dominic…

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U.S. Supreme Court Mentions Bitcoin as Potential Medium of Exchange

Category: Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

U.S. Supreme Court Mentions Bitcoin as Potential Medium of Exchange

The US Supreme Court has referenced Bitcoin and cryptocurrencies in a case. While the case wasn’t focused on cryptocurrency regulations, it marks a crucial moment in cryptocurrency history. The Supreme Court had openly considered cryptocurrencies a potential medium of exchange in the future. Court Mentions Cryptocurrencies In Wisconsin Central Ltd. v. United States case, the Supreme Court assessed whether a…

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Irish Banks Withdraw Banking Services of Legal Cryptocurrency Businesses

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

Irish Banks Withdraw Banking Services of Legal Cryptocurrency Businesses

Irish cryptocurrency firms have been forced to cease trading activities or open foreign bank accounts after banks refused to provide their services to the digital asset sector. Irish Firms Face the Heat A report on The Irish Times on June 21, 2018, confirmed the claims of cryptocurrency businesses and listed out several firms facing the unfortunate situation. Cork-based Bitcove, a…

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Cambodia Mandates all Cryptocurrency Businesses to Obtain Regulatory Licenses

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

Cambodia Mandates all Cryptocurrency Businesses to Obtain Regulatory Licenses

Cambodia, one of the crypto-friendly Asian nations in recent times is looking to increase its regulatory oversight in its Crypto Space to eliminate bad actors. Now, the country has officially made it illegal for companies to offer virtual currency-based services in the nation without getting the necessary permit from regulators. Get Registered or Face the Consequences According to a statement…

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CryptoKitties Sued For Alleged Trade Secret Theft Relating to Steph Curry Collectible

Category: Business, Entertainment, Ethereum, News

CryptoKitties Sued For Alleged Trade Secret Theft Relating to Steph Curry Collectible

CryptoKitties, an ambitious Ethereum-based collectibles project developed by blockchain studio Axiom Zen, has been sued by Starcoin CEO Jevon Feinblatt, who accused the CryptoKitties developers of stealing trade secrets and violating a non-disclosure agreement (NDA) signed between the two companies. According to the official lawsuit, the Starcoin team, better known as Tradestar, claimed that Axiom Zen employee Sam Gharegozlou signed…

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Vancouver-based Bitcoin Trader Sentenced to Jail in the U.S.

Category: Bitcoin, Finance, News, Regulation

Vancouver-based Bitcoin Trader Sentenced to Jail in the U.S.

Louis Ong, a bitcoin trader, has been indicted for running an unlicensed money services business and sentenced to 20 days imprisonment. Ong had been the subject of an HSI investigation and was arrested in 2017 after reneging on an agreement to cease his unlicensed digital currency trading activities. The HSI is the investigative arm of the Department of Homeland Security…

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Indian Supreme Court Upholds RBI’s Decision to Stop Servicing Crypto-related Businesses

Category: Altcoins, Bitcoin, Business, Finance, News

Indian Supreme Court Upholds RBI’s Decision to Stop Servicing Crypto-related Businesses

Indian authorities have joined forces together to stifle the growth of its local cryptospace. In the latest development, the Supreme Court has refused to grant an interim injunction against the Reserve Bank of India (RBI) directive prohibiting domestic financial institutions from rendering banking services to firms in the blockchain-based virtual currency world. No Room for Bitcoin According to a tweet…

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Introduction to Smart Contracts: Do They Need to be Legally Binding?

Category: Commentary, News, Tech

Introduction to Smart Contracts: Do They Need to be Legally Binding?

The government of Tennessee now officially recognizes Smart Contracts. This is a great news if we speak of the broad publicity component. By virtue of such events, the blockchain technology and all that’s related to it are drawing closer to become a standard approach and the way of how things work. However, the practice shows that the deeper you delve…

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Busted: Indian Police Crush $15 Million Crypto-based Ponzi Scheme, Seize Ethereum Miners

Category: Crime, Mining, News

Busted: Indian Police Crush $15 Million Crypto-based Ponzi Scheme, Seize Ethereum Miners

The war against the illicit use of cryptocurrencies by bad actors to perpetrate crime may not come to an end anytime soon. In the latest development, the Indian police force has crackdown a massive MLM operation that generated almost INR 100 crore ($15 million) from gullible crypto greenhorns. According to local news outlet Times of India, the police in New…

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