Tag Archives: cryptocurrency

UNICEF Launches Crypto Fund, Class Action Alleges Price Manipulation, US Enforcement Continues, More Ransomware and Hacks

In this issue: • Crypto and Blockchain Capital Markets News From UNICEF, Europe and Hong Kong • Blockchain and Cryptocurrency Payment Applications Introduced Across Jurisdictions • Class-Action Suit Filed Against Bitfinex/Tether, US Enforcement Actions Continue • Incidents of Ransomware, Cryptocurrency Hacks and Malware Continue Crypto and Blockchain Capital Markets News From UNICEF, Europe and Hong … Continue Reading

Alert: IRS Issues New Guidance and FAQs on Virtual Currencies

By Nicholas C. Mowbray, Robert A. Musiala, Betsy Smith, Laura E. Jehl and Brian Davis on October 10, 2019 Posted in Cryptocurrency

On Oct. 9, the Internal Revenue Service (IRS) issued additional guidance regarding the taxation of cryptocurrency. The guidance comes more than five years after the IRS issued Notice 2014-21, the first and, until now, only official guidance regarding cryptocurrency. Revenue Ruling 2019-24 (the Revenue Ruling) reaffirms that virtual currency is treated as property and does … Continue Reading

Invoices Paid on Ethereum, FINRA Application Approved, SEC/ICO Enforcement, Industry Launches Compliance Initiative

By Robert A. Musiala, Brian P. Bartish, Veronica Reynolds and Jonathan D. Blattmachr on October 4, 2019 Posted in ICOs, Securities & Exchange Commission

In this issue: • Smart Contracts Deployed by Icelandic Retailer, Blockchain for Sneakers and DHS • Cryptocurrency Service Providers Target Mainstream Investors, FINRA Application Approved • SEC, DOJ and State Agency Enforcement Actions for ICOs and Crypto Fraud Schemes • Regulatory Problems and Solutions in the Cryptocurrency and Digital Asset Arena Smart Contracts Deployed by … Continue Reading

Interbank Settlement Initiative and Crypto Payment Solutions Expand, SEC and International Enforcement Actions Continue

By Robert A. Musiala, Marc Powers and Joanna F. Wasick on September 20, 2019 Posted in Cryptocurrency, ICOs, Securities & Exchange Commission

In this issue: • Blockchain Developments in Interbank Settlement, Capital Markets, Cryptocurrency Payments • Multiple SEC Enforcement Actions, New Treasury Sanctions, More Crypto-Mining Malware Detected • International Crypto Developments: Tax, FATF Compliance, Enforcement Actions Blockchain Developments in Interbank Settlement, Capital Markets, Cryptocurrency Payments By: Robert A. Musiala Jr. According to reports this week, a major … Continue Reading

Blockchain Continues to Disrupt Across Industries, Cryptocurrency Services Expand, Malware Threats Identified

By Diana Stern, Robert A. Musiala, Simone O. Otenaike and Veronica Reynolds on September 13, 2019 Posted in Blockchain, Cryptocurrency

In this issue: • Blockchain Clearing, Settlement, Custody and Capital Markets Developments • Cryptocurrency Exchanges and Payment Applications Continue to Expand Services • Blockchain Pilots for Mortgages, Recycling, Supply Chain and Digital Identity • Cryptomining Malware Found in Study Materials, Other Malware Uses Bitcoin to Proliferate Blockchain Clearing, Settlement, Custody and Capital Markets Developments By: … Continue Reading

Blockchain Developments: Energy Grids, Automobiles, Stablecoins, International Regulations, SEC Enforcement

By Simone O. Otenaike, Jonathan D. Blattmachr, Robert A. Musiala and Joanna F. Wasick on September 6, 2019 Posted in Blockchain, ICOs, Securities & Exchange Commission

In this issue: • Blockchain Developments for Energy Grids, Automobiles, Enterprise Protocols • International Developments in Blockchain and Cryptocurrency Regulation • NY DFS Approves Gold-Backed Stablecoin, Financial Institutions Pursue Blockchain Pilots • SEC Settles Charges, Treasury Hears Testimony, Cryptojacking Report Released Blockchain Developments for Energy Grids, Automobiles, Enterprise Protocols By: Simone O. Otenaike Earlier this … Continue Reading

Blockchain Financial and Capital Markets Initiatives, U.S. Enforcement Across Agencies, Ethereum Vulnerability Paper Published

By Simone O. Otenaike, Robert A. Musiala, Joanna F. Wasick and Diana Stern on August 23, 2019 Posted in Blockchain, Cryptocurrency, ICOs

In this issue: • Blockchain Capital Markets Platforms Achieve and File for Regulatory Approvals • New Initiatives by Cryptocurrency Exchanges, Payment Platforms and Financial Institutions • U.S. Enforcement Actions Continue from OFAC, SEC, DoJ and IRS • Study of Ethereum Vulnerabilities and Defenses Released, While Dusting and Mining Malware Attacks and Cryptojacking Continue Blockchain Capital … Continue Reading

Crypto Exchange and Payment Solutions Expand, New UK Guidance Issued, US Enforcement Actions Continue

By Nicholas C. Mowbray, Robert A. Musiala and Joanna F. Wasick on August 2, 2019 Posted in Cryptocurrency

In this issue: • Cryptocurrency Exchange and Payment Solutions Continue to Expand • New UK Guidance Published, Licenses Received by Cryptocurrency Firms Across Globe • Cryptocurrency Enforcement Actions Continue From IRS and DOJ Cryptocurrency Exchange and Payment Solutions Continue to Expand By: Nicholas C. Mowbray This week, Blockchain.com, a London-based supplier of digital wallets, announced … Continue Reading

Blockchain Pilots Announced, Global Laws Evolve, Exchanges and Payment Processors Make News, Enforcement and Threats Continue

By Robert A. Musiala, Alexandra Royal, Simone O. Otenaike, Joanna F. Wasick and Brian P. Bartish on March 1, 2019 Posted in Bitcoin, Blockchain, Cryptocurrency, ICOs, Tax

In this issue: • New Blockchain Projects Announced in Supply Chain and Digital Identity • Blockchain Legal Frameworks Continue to Evolve in the US and Abroad • Headlines From Bitcoin Payment Processors, Decentralized Exchanges and Tokenized Real Estate • More Guidance on ICO Tokens as Securities, Crypto Fraud and Hacked Bitcoins Returned • Cryptocurrency-Related Crime … Continue Reading

Blockchain Applications Advance for Healthcare and Payments, CFTC Prioritizes Cryptocurrencies, QuadrigaCX Saga Continues

By Brian P. Bartish, Robert A. Musiala, Simone O. Otenaike and Joanna F. Wasick on February 15, 2019 Posted in Blockchain, Cryptocurrency

In this issue: • Blockchain Initiatives in Healthcare and Other Industries Target Data Integrity, Speed and Analytics • Blockchain Payment Systems Announced by Major Banks and Online Payment Processors • Forthcoming SEC Guidance Confirmed, Initiatives Continue at Banks and Cryptocurrency Exchanges • CFTC Makes Cryptocurrency a Priority, Foreign Agencies Take Enforcement Action • QuadrigaCX Saga … Continue Reading

New Crypto Products in U.S. and Abroad, Enterprise Pilots Announced, Data Published on Cryptocurrency Scams and Money Laundering

By Robert A. Musiala, Jaime B. Petenko, Simone O. Otenaike and Joanna F. Wasick on February 1, 2019 Posted in Cryptocurrency, Enterprise

In this issue: • DFS Issues New BitLicenses, Corda Gains Integration Partners, New Stablecoin Launched • New Cryptocurrency Products, Increased Demand for Bitcoin Reported in Africa and Latin America • New Blockchain Pilots Address Worker Well-Being, Healthcare and Conflict Minerals • Startup Challenges SEC Enforcement Action, International Arrests and Exchange Cooperation • New Reports Provide … Continue Reading

Blockchain for NASA and IoT, Developments in Crypto Products and Payments, Cryptocurrency Exchange Hacked

By Diana Stern, Robert A. Musiala, Joanna F. Wasick, Jordan R. Silversmith, Simone O. Otenaike, Roger M. Brown and Nicholas C. Mowbray on January 18, 2019 Posted in Blockchain, Cryptocurrency, Enforcement

In this issue: • The Blockchain Effect: NASA, IoT, Supply Chain and State Initiatives • Blockchain Announcements From Traditional Financial Institutions and Emerging Platforms • Cryptocurrency Exchanges and Payment Providers Announce New Products • Cryptocurrency Exchange Hacked, Crypto-Malware and Wallet Vulnerabilities Exposed • International Regulators Target Cryptocurrency Exchanges, ICOs and Tax Compliance • Tax Analysis: … Continue Reading

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

By Simone O. Otenaike, Robert A. Musiala, Joanna F. Wasick, Roger M. Brown, Heather K. P. Fincher and Nicholas C. Mowbray on January 11, 2019 Posted in Blockchain, Cryptocurrency, Enforcement, Tax

In this issue: • New Cryptocurrency Financial Products and Platforms Announced • An FBI Raid, the $11 Billion Bitcoin Case, and Other Enforcement and Regulatory Actions in the U.S. and Abroad • Hackers Strike With 51 Percent Attack and Crypto-Mining Malware • Tax Analysis: Token Taxonomy Act Would Allow Tax-Free Exchanges of Virtual Currencies • … Continue Reading

Blockchain Developments: Government and Transport Sector Solutions, Legislation, Payment Applications and Global Enforcement Actions

By Diana Stern, Simone O. Otenaike, Jonathan D. Blattmachr, Joanna F. Wasick, Marc Powers, Roger M. Brown and Heather K. P. Fincher on December 14, 2018 Posted in Enforcement, Enterprise, Global, Government, Tax

In this issue: • Blockchain Transport Applications, Public Sector Initiatives, Protocol and Market Developments • Capital Markets Initiatives Continue as US Congress Issues New Research and Two New Bills • Blockchain Payments Networks Evolve, New Cryptocurrency Exchange Lands in US • SEC Achieves Settlements, FATF Evaluates UK, Regulator Actions in Denmark and New Zealand • Tax Analysis: Securitized Tokens Backed … Continue Reading

Blockchain Patents and Patient Data Pilots, Capital Markets Movements, Mining Malware, and More

By Jonathan D. Blattmachr, Simone O. Otenaike, Brian P. Bartish and Robert A. Musiala on December 7, 2018 Posted in Blockchain, Cryptocurrency, Enterprise, Food Supply Chain

In this issue: • Blockchain Enterprise Developments in Food Supply Chain, Patient Data, Patents, Mobile Devices and More • Regulation, Investment and a Bad Week for Bitcoin: Blockchain and Cryptocurrency Capital Markets Developments • Global Regulatory Consensus Beginning to Take Shape; Cryptocurrency Mining Malware Evolves Blockchain Enterprise Developments in Food Supply Chain, Patient Data, Patents, … Continue Reading

Ohio Accepting Bitcoin for Taxes, Multiple SEC and Financial Crime Developments, New Blockchain Capital Markets and Enterprise Initiatives

By Roger M. Brown, Heather K. P. Fincher, John Busch, Robert A. Musiala, Diana Stern and Jordan R. Silversmith on November 30, 2018 Posted in Cryptocurrency, ICOs

In this issue: • Satisfying Tax and Other Liabilities With Cryptocurrency • New SEC ICO Enforcement and Developments on Unregistered Securities, Fraud, Promotions and the Howey Test • International Crypto Crime Developments, OFAC Lists Bitcoin Addresses, Cyberattacks and Fraud Schemes Uncovered • Cryptocurrencies Continue to Permeate Capital Markets as Blockchain Permeates Settlement Systems • Blockchain … Continue Reading

NY BitLicense Approval, Blockchain for Energy Commodities, CFTC Enforcement, Advertising Use Cases and More

By Panida A. Pollawit, Marc Powers, Simone O. Otenaike and John C. McIlwee on November 16, 2018 Posted in Blockchain, Cybersecurity, Enforcement, Enterprise, Securities & Exchange Commission

In this issue: • New BitLicense Approval, Stablecoin Developments and BAT on Coinbase • Blockchain Platform for Energy Commodities Announced in U.S., Restrictions Ease in Foreign Markets • CFTC and State Securities Enforcement, Litigation Developments and Fraud Schemes • More Blockchain Uses for Digital Advertisers, Software Licensees and Marine Insurers New BitLicense Approval, Stablecoin Developments … Continue Reading

Institutions Adopt Cryptocurrencies, CFTC Warns on Smart Contracts, “Crypto-sweep” Continues

By Jordan R. Silversmith, Brian P. Bartish, Robert A. Musiala and Taylor Thompson on October 19, 2018 Posted in Blockchain, Cryptocurrency, ICOs

In this issue: • Cryptocurrency Capital Markets Announcements by Institutional and Startup Firms • Public and Private Blockchain Pilots Announced, CFTC Warns on Smart Contracts • Crack Down on ICOs Continues, U.S. Marshals Prepare to Auction Seized Bitcoin Cryptocurrency Capital Markets Announcements by Institutional and Startup Firms By: Jordan R. Silversmith On Oct. 15, a … Continue Reading

Blockchain Developments: Government, Wine, Journalism, Asset-Backed Tokens, SEC Enforcement and More

By Taylor Thompson, Simone O. Otenaike, Robert A. Musiala and Marc Powers on October 12, 2018 Posted in Blockchain, Cryptocurrency, ICOs, Securities & Exchange Commission

In this issue: • U.S. and International Governments Address Smart Ports, Smart Cities, and Cryptocurrencies • Blockchain Enterprise Developments in Wine, Journalism, Real Estate and Mining • Blockchain Tokens Backed by Real-World Assets Appear to Grow in Popularity • SEC Enforcement Actions Announced, New Data on Cryptocurrency Hacks Published U.S. and International Governments Address Smart … Continue Reading

Global Blockchain Developments in Enforcement, Payments, ICOs and Enterprise

By Simone O. Otenaike, Njeri Chasseau, Robert A. Musiala and Panida A. Pollawit on October 5, 2018 Posted in Blockchain, Enforcement, ICOs

In this issue: • Cryptocurrency Enforcement Actions Continue Across the Globe • Multiple Blockchain Announcements for Asset-Backed Tokens, Payments and Exchanges • Lawmakers Seek Clarity on ICOs as New Research Is Published • Enterprise Developments: Blockchain Interoperability, Supply Chain, Identity and More Cryptocurrency Enforcement Actions Continue Across the Globe By: Panida A. Pollawit On Friday, … Continue Reading

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

By Diana Stern, Robert A. Musiala, Simone O. Otenaike and John C. McIlwee on September 21, 2018 Posted in Blockchain

In this issue: • New York Attorney General Issues Virtual Markets Integrity Initiative Report • Major Hack of Japanese Exchange, Multiple U.S. Enforcement Actions • Blockchain Capital Markets Solutions Advance, Global Regulations Diverge • Blockchain Use Cases for the Environment, Digital Identity and State Initiatives New York Attorney General Issues Virtual Markets Integrity Initiative Report … Continue Reading

Stablecoins Launch in US Amid Multiple Securities Enforcement Actions and Bid to Repurpose DoD Data Center for Cryptocurrency Mining

By Brian P. Bartish, Robert A. Musiala, Njeri Chasseau, Jaime B. Petenko and Melonia A. Bennett on September 14, 2018 Posted in Blockchain, Cryptocurrency, ICOs, Securities & Exchange Commission

In this issue: • Stablecoins Launch in US as New Data Cites Drop in ICO Funding • SEC and FINRA Issue First-of-Their-Kind Enforcement Actions • Blockchain Enterprise Developments: Mining, Digital Identities and Food Supply Chain • Cryptocurrencies Continue to Enter Traditional Areas of Financial Crimes Stablecoins Launch in US as New Data Cites Drop in … Continue Reading

Blockchain Capital Markets Offerings and Executive Attitudes Evolve, Threats Continue

By Jaime B. Petenko, Brian P. Bartish, Simone O. Otenaike and Robert A. Musiala on August 31, 2018 Posted in Blockchain, Capital Markets Offerings, ICOs

In this issue: • New Blockchain Trading Platforms and Capital Markets Offerings Announced • Blockchain Executive Surveys Released, More Pilots and Investments Announced • Update: Cryptocurrency Cybercrimes and ICO Enforcement Actions • John McAfee’s ‘Unhackable’ Cryptocurrency Wallet Hacked New Blockchain Trading Platforms and Capital Markets Offerings Announced By: Jaime B. Petenko Recently, it was reported … Continue Reading