Tag Archives: cryptocurrencies

Financial Firms and Crypto Networks Launch Initiatives; Nonprofit Challenges Crypto Tax Provision; Crypto Enforcement Continues; UST Analysis Published

By Robert A. Musiala, Veronica Reynolds, Joanna F. Wasick, Jordan R. Silversmith, Keith R. Murphy and Kayley Sullivan on June 17, 2022 Posted in Blockchain

In this issue:• Firms Announce New Crypto Initiatives; Data Published on Crypto and NFT Use• Nonprofit Coin Center Files Lawsuit Challenging Crypto Provision of Tax Code• OpenSea and Chainlink Announce Network Transitions• SEC Investigates Stablecoins, Crypto Exchanges; DOJ Seizes Dark Market• Report Analyzes UST Collapse, Australia Reports Losses to Crypto Scams Firms Announce New Crypto … Continue Reading

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

By Robert A. Musiala, Maria Luevano, Veronica Reynolds, Alex Karambelas and Lauren Bass on June 10, 2022 Posted in Uncategorized

In this issue: • Fintech and Crypto Firms Announce Myriad New Crypto Product Launches• Senators Release Digital Assets Bill, Crypto Activists Send Letter to Congress• NY DFS and Japan Address Stablecoins, BIS Addresses Crypto ‘Fragmentation’• DOJ Calls for International Cooperation in Fight Against Crypto Crime• CFTC Sues Crypto Exchange, NY AG Issues Investor Alert, UST … Continue Reading

New CBDC and NFT Data Released; OFAC Adds Mixer and Public Keys to SDN List; Multiple Crypto Enforcement Actions; Stablecoin Risks on Display

By Robert A. Musiala, Jordan R. Silversmith, Lauren Bass, Veronica Reynolds, Christina Gotsis, Alex Karambelas and Joanna F. Wasick on May 13, 2022 Posted in Blockchain

In this issue: • BIS Releases Survey on CBDC Initiatives; New Crypto Products Launch• 2022 NFT Market Data Released; Brands Continue NFT Initiatives• OFAC Sanctions Cryptocurrency Mixer, Adds New Public Keys to SDN List• Multiple Crypto Enforcement Actions Announced by CFTC, DOJ and SEC• Multistate Enforcement Action Targets Metaverse Casino’s NFT Offering• Algorithmic Stablecoins Collapse; … Continue Reading

Banks and Retailers Embrace Crypto, Bitcoin Environmental Costs Debated, New NFT Initiatives Launch, Various Agencies Address Crypto, DeFi Hacks Continue

By Robert A. Musiala, Maria Luevano, Joanna F. Wasick, Keith R. Murphy, Teresa Goody Guillén and Alex Karambelas on May 6, 2022 Posted in Blockchain

In this issue: • Banks and Retailers Venture Further into Cryptocurrencies and Blockchain• Congress Spars with Industry on Environmental Impact of Bitcoin Mining• New NFT Offerings Revealed by Entertainment, Social and Crypto Companies• FinCEN Director and NY DFS Address Cryptocurrency Risks• DOJ Targets Crypto Fraud, SEC Doubles Crypto Staff, JF Issues NFT Red Flags• Hackers … Continue Reading

Crypto and NFT Pilots Launch Across Industries; Paper Analyzes Bitcoin Use in El Salvador; Crypto Enforcement Continues in US; New Foreign Crypto Regs

By Robert A. Musiala, Joanna F. Wasick, Lauren Bass, Teresa Goody Guillén, Jordan R. Silversmith and Maria Luevano on April 29, 2022 Posted in Blockchain

In this issue: • Crypto Pilots Launch in Social Media, 401(k) Plans and Municipal Bitcoin Mining• NBER Publishes Paper Analyzing Bitcoin Usage in El Salvador• Brands Enter NFT Market Across Industries, New NFT Platforms Launch• Crypto Firm Enters AML Consent Order; Stablecoins and Wallets in Focus• Foreign Governments Publish New Crypto Legislation and Policy Papers• … Continue Reading

Banks Expand Digital Asset Offerings; Crypto Market Actors Critique SEC Proposal; New OFAC Crypto Sanctions; Agencies Issue Warnings; DeFi Hacked

By Robert A. Musiala, Keith R. Murphy, Joanna F. Wasick, Christina Gotsis and Alex Karambelas on April 22, 2022 Posted in Blockchain

In this issue: • Banks Expand Digital Asset Offerings, BIS Report Addresses CBDCs• Cryptocurrency Market Actors Publish Critiques of Recent SEC Proposal• OFAC Sanctions North Korean Crypto Hackers and Russian Crypto Miner• Law Enforcement in US, Australia Issue Warnings as DeFi Hacks Continue Banks Expand Digital Asset Offerings, BIS Report Addresses CBDCs By Keith R. … Continue Reading

Crypto Payment Offerings Launch; Exchanges Achieve Foreign Approvals; Ukraine Legalizes Crypto; Regulators Issue Warnings; $28M in Bitcoin Seized

By Robert A. Musiala, Veronica Reynolds, Joanna F. Wasick, Kayley Sullivan, Alex Karambelas and Jordan R. Silversmith on March 18, 2022 Posted in Blockchain

In this issue: Payments Firm Unveils Crypto Services, Exchanges Achieve Foreign Approvals Blockchain Network Developments: Ethereum 2.0, Wallets, DAOs and Mining Crypto Legalized in Ukraine; New Crypto Sanctions Screening Tools Launch Regulators Issue Warnings on Crypto Retirement Plans, ATMs and Sanctions DOJ Extradites Individual Charged with Ransomware; $28M in Bitcoin Seized Payments Firm Unveils Crypto … Continue Reading

Financial Firms Continue Expanding into Cryptocurrency Markets; Crypto Donations Reach Ukraine; DOJ Crypto Enforcement Continues; SEC Probes NFTs

By Robert A. Musiala, Alex Karambelas, Keith R. Murphy and Teresa Goody Guillén on March 4, 2022 Posted in Blockchain

In this issue: Traditional Financial Firms Expand Reach into Cryptocurrency Sphere Cryptocurrency Donations Pour In to Fund Ukrainian Government and Charities DOJ Secures Guilty Pleas and Charges Alleged Ponzi Scheme; SEC Launches NFT Probe… Continue Reading

Financial Firms Integrate Crypto Offerings; Congressmen Address Bitcoin ETFs; NFT Boom Continues; Agencies Seek Crypto Oversight; Crypto Hacker Indicted

By Robert A. Musiala, Jordan R. Silversmith, Joanna F. Wasick, Lauren Bass, Keith R. Murphy and Elyssa S. Kates on November 5, 2021 Posted in Bitcoin, Cryptocurrency, Government, NFT, NFTs, Securities & Exchange Commission

• Traditional Financial Firms Integrate Crypto Services, CBDC Reports Published • Congressmen Advocate for Bitcoin Spot ETFs, Australia Issues Crypto ETP Regs • Sports Franchises and Music Platforms Continue to Embrace NFTs • Government Agencies Argue for Increased Oversight of Cryptocurrency Markets • DOJ Charges Cryptocurrency Hacker, Decentralized Exchange Hacked for $139M Traditional Financial Firms … Continue Reading

Crypto Initiatives Launch in Payments, Capital Markets and NFTs; OFAC and White House Address Crypto Risks; CFTC and NYAG Take Enforcement Actions

By Robert A. Musiala, Keith R. Murphy, Lauren Bass and Kayley Sullivan on October 22, 2021 Posted in Blockchain, Cryptocurrency, Enforcement, NFTs, Platforms, Ransomware

• Blockchain Payment Pilots Launched by Media, Government and Crypto Firms • Blockchain Market Advances in Options, ATS Platforms, Commodities and DeFi • New Platforms Launch NFT Collections • OFAC and White House Address Cryptocurrency Industry Risks • CFTC and NYAG Enforcement Actions Target Cryptocurrency Exchanges Blockchain Payment Pilots Launched by Media, Government and Crypto … Continue Reading

Crypto Financial Products Launch; G7 Addresses CBDCs; SEC Commissioners and Foreign Regulators Address Crypto; ICO Founders Plead to Tax Evasion

By Veronica Reynolds, Robert A. Musiala, Joanna F. Wasick, Keith R. Murphy and Jordan R. Silversmith on October 15, 2021 Posted in Bitcoin, Blockchain, Cryptocurrency, Cybersecurity, ICOs, Securities & Exchange Commission, Uncategorized

• Crypto Products Launch in Payments, ETFs, DeFi; Bitcoin Mining Data Published • G7 Considers Impact of CBDCs in New Publications • Blockchain Solutions Launch in B2B Software; Cobalt and Leather Supply Chains • SEC Commissioners Address Crypto Market Regulation in Contrasting Speeches • Foreign Regulators Address Crypto Advertising, Mining and Ransomware • ICO Founders … Continue Reading

CBDC Initiatives Announced, NFTs Expand Across Markets, Token and Wallet Applications Evolve, SEC and DOJ Target Crypto Fraud, Crypto Hacks Continue

By Robert A. Musiala, Lauren Bass, Veronica Reynolds, Jordan R. Silversmith and Teresa Goody Guillén on September 3, 2021 Posted in Bitcoin, Blockchain, Cryptocurrency, Cybersecurity, Enforcement, NFT, NFTs, Securities & Exchange Commission, Uncategorized

In this issue: • CBDC Initiatives Announced, Blockchain Trade Finance Platform Launches • Baseball, Art, Politics, Commerce: NFT Market Continues to Expand • Gaming Token Shifts Away from Ethereum, MetaMask Announces 10M Users • BitConnect Charged in $2B Crypto Fraud, BitConnect Promoter Pleads Guilty • Seychelles Investigates Crypto Fraud, Singapore Issues Warning for Exchange • … Continue Reading

Cryptocurrency and NFT Market Growth Continues, Regulators Across Globe Target Crypto Industry as Threats Continue, Global Blockchain Survey Published

By Robert A. Musiala, Veronica Reynolds, Lauren Bass, Teresa Goody Guillén, Keith R. Murphy and Joanna F. Wasick on August 27, 2021 Posted in Banking, Bitcoin, Blockchain, Cryptocurrency, Cybersecurity, Enforcement, Global, NFT, Securities & Exchange Commission

In this issue: •Crypto Market Develops in DeFi, Payments, Compliance and Consumer Adoption • Market Navigation, Fashion Metaverse, Online Tutorials: NFT Adoption Continues • Crypto Compliance Addressed by CFTC, Thai SEC, South Korea and UK FCA • SEC, DOJ and Ontario Securities Commission Bring Crypto Enforcement Actions • Reports Released on Crypto Scams and Malware, … Continue Reading

Crypto, CBDC and Blockchain Supply Chain Initiatives Announced; More SEC and FinCEN Enforcement; Crypto Tax Amendment Fails; DeFi Hacked for $600M

By Robert A. Musiala, Veronica Reynolds, Joanna F. Wasick, Teresa Goody Guillén, Nicholas C. Mowbray and Kayley Sullivan on August 13, 2021 Posted in Bitcoin, Blockchain, Cryptocurrency, Enforcement, Platforms, Securities & Exchange Commission, Tax

In this issue: • Crypto Firms Pursue Bank Charters, Traditional Financial Firms Integrate Crypto • CBDC and Blockchain Remittance Initiatives Launch Across Foreign Markets • Blockchain Supply Chain Initiatives Launch Across Various Industries • SEC Charges DeFi Company and Digital Asset Exchange Platform • FinCEN Settles Enforcement Action Against Major Cryptocurrency Exchange • Senate Passes … Continue Reading

Crypto Firm Initiatives in CBDCs and Custody, GSA Auctions Bitcoin, Marketing Campaigns Integrate Crypto, ETFs Seek Approval, Enforcement Actions Continue

By Jordan R. Silversmith, Veronica Reynolds, Teresa Goody Guillén and Joanna F. Wasick on March 26, 2021 Posted in Cryptocurrency, Securities & Exchange Commission

In this issue: • Crypto Firms Expand CBDC and Custody Initiatives, GSA Auctions Bitcoin • Token-Focused Marketing Campaigns Signal Rising Interest in Cryptocurrencies • ETFs Seek SEC Approval as Brazil Approves First ETF, FATF Updates Guidance • CFTC, Canadian Tax Agency and DOJ Continue Crypto Enforcement Activities Crypto Firms Expand CBDC and Custody Initiatives, GSA … Continue Reading

US Credit Card Company to Integrate USDC, SEC No-Action Letter Addresses ERC20 Token, Tax Bodies Address Crypto, US and State Enforcement Continues

By Jordan R. Silversmith, Teresa Goody Guillén, Robert A. Musiala and Joanna F. Wasick on December 4, 2020 Posted in Bitcoin, Blockchain, Cryptocurrency

In this issue: • Credit Card Company to Integrate USDC Payments, 401(k) Advisor Integrates Bitcoin • SEC Issues No-Action Letter on Digital Assets, Second Addresses ERC20 Token • FinHub Role Expands, Foreign IPO and Lending Service Integrates Crypto • Tax Bodies Address Cryptocurrencies, Exchanges React to Evolving Landscape • US and State Enforcement Agencies Take … Continue Reading

US Bank Crypto Services Proceed, Crypto Debit Cards Launch in US and Mexico, Blockchain Enterprise Developments, and Crypto Enforcement Continues

By Robert A. Musiala, Jordan R. Silversmith and Joanna F. Wasick on October 30, 2020 Posted in Blockchain, Cryptocurrency

In this issue: • US Bank and Trust Companies Move Forward with Cryptocurrency Services • Cryptocurrency Debit Cards Launch in the United States and Mexico • Blockchain Developments in Protocols, Healthcare, Copyrights, E-Signatures, IoT • Enforcement Actions Target Crypto SIM Swapping and Ponzi Schemes US Bank and Trust Companies Move Forward with Cryptocurrency Services By: … Continue Reading

US Firms Invest in Bitcoin; Blockchain Consortia Expand; Industry and Regulators Address Tech Standards, CBDCs, Crypto Investments, Enforcement, Stablecoins, Taxes

By Joanna F. Wasick, Jordan R. Silversmith and Robert A. Musiala on October 16, 2020 Posted in Bitcoin, Blockchain, Tax

In this issue • Fintech Firm Brings $50 Million BTC on to Balance Sheet, Major CBDC Report Published • US Firms Announce Crypto Investment Initiatives, Crypto Fundraising Report Published • Blockchain Consortia Expand, Reports Detail Blockchain Standards and Economic Impact • US and Foreign Guidance Addresses Crypto Enforcement, Stablecoins, Taxes and More Fintech Firm Brings … Continue Reading

Federal Reserve Addresses Digital Currencies, Financial Firms Announce Crypto Initiatives, Blockchain Solutions Announced, Enforcement Actions in US and Ukraine

By Robert A. Musiala and Jordan R. Silversmith on August 21, 2020 Posted in Blockchain, Cryptocurrency, Supply Chain

In this issue: • Federal Reserve Addresses CBDCs Amid Crypto Initiatives by US and Foreign Firms • Blockchain Initiatives Announced in Supply Chain, Voting, Ports and Collaborations • Crypto Enforcement Announced by SEC, DOJ, and Texas, Alabama and Ukraine Agencies Federal Reserve Addresses CBDCs Amid Crypto Initiatives by US and Foreign Firms By: Robert A. … Continue Reading

New Blockchain Enterprise Initiatives in US, New Blockchain and Crypto Regulations in South Korea and France, Enforcement Actions Continue in US, Japan and Australia

By Simone O. Otenaike, Joanna F. Wasick and Jordan R. Silversmith on March 13, 2020 Posted in Blockchain, Cryptocurrency, Supply Chain

In this issue: • New Enterprise Initiatives for Ethereum, Hyperledger, Aviation and Clothing • New Blockchain and Cryptocurrency Regulations in South Korea and France • Cryptocurrency Enforcement Actions in U.S., Japan and Australia New Enterprise Initiatives for Ethereum, Hyperledger, Aviation and Clothing By: Simone O. Otenaike Last week, one of the world’s largest technology firms, … Continue Reading

Cryptocurrencies: Forensic Techniques to Meet the Challenge of New Fraud and Corruption Risks

By Robert A. Musiala, Teresa Goody Guillén and Veronica Reynolds on March 10, 2020 Posted in Cryptocurrency

Over the past 11 years, cryptocurrencies have slowly but steadily become more integrated with the mainstream financial system. Like any new technology, cryptocurrencies usher in advantages as well as risks. And as with any new technology, criminals and threat actors are often among the earliest adopters as they attempt to exploit those advantages and risks. … Continue Reading

Blockchain Developments in Food Safety, Ethical Sourcing, Financial Services, Social Media and Trading Platforms; DOJ Continues Actions Against Crypto Crimes

By Brian P. Bartish, Joanna F. Wasick, Simone O. Otenaike and Jordan R. Silversmith on February 7, 2020 Posted in Blockchain, Cryptocurrency, Enforcement

In this issue: • Blockchain Enterprise Solutions Aim to Improve Safety and Address Ethical Sourcing Concerns • Financial Services and Social Media Firms Integrate Blockchain and Cryptocurrencies, US Marshalls to Auction 4,040 Bitcoins • US and Foreign Firms Announce Blockchain Trading Platforms and Tokenized Securities • DOJ Continues Enforcement Actions Targeting Cryptocurrency Crimes Blockchain Enterprise … Continue Reading

Cryptocurrency and Blockchain Applications Gain Adoption, Enforcement Actions Continue

By Diana Stern, Joanna F. Wasick and Marc Powers on May 31, 2019 Posted in Blockchain, Cryptocurrency

In this issue: • Established Firms Implement Cryptocurrency Payments, Blockchain Tracking and Data Management Systems • Unlicensed Money Transmitter Sentenced, P2P Exchange Retreats From Iran and a Benevolent 51% Attack • SEC Enforcement Actions Continue as New Cryptocurrency-Based Assets Launch Established Firms Implement Cryptocurrency Payments, Blockchain Tracking and Data Management Systems By: Diana J. Stern … Continue Reading

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

By Robert A. Musiala, Simone O. Otenaike, Jonathan D. Blattmachr and Joanna F. Wasick on May 10, 2019 Posted in Blockchain, Cryptocurrency

• Supply Chain Initiatives Announced by Major Private and Public Sector Actors • New Blockchain Enterprise Applications Announced Across Industries • Cryptocurrency Products and Blockchain Systems Announced by Institutions and Startups • Major Exchange Hacked, Security Flaws Reported, Arrests by Department of Justice and Europol • Global Blockchain Survey Released Supply Chain Initiatives Announced by … Continue Reading