Stolen bitcoin

Tracing stolen bitcoin

May 6, 2019

https://www.realclearinvestigations.com/articles/2018/12/20/beware_the_den_of_crypto-thieves_.html One of the biggest problems with bitcoin and other digital coins is that once they are stolen, they are almost impossible to recover. A professor at the University of Cambridge has come up with a potential way for folks to recover stolen bitcoin.

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digital coins

Blockchain and Cryptocurrency – explanations

March 5, 2019

There are lots of explanations of bitcoin, blockchain and cryptocurrency out there. How do you find the best? After speaking last week at ABA TechShow 2019, I decided to pull together my favorite resources for understanding bitcoin, blockchain and cryptocurrency.

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magnifying glass and circuit board

3 Lessons from a Crypto Mock Trial

February 25, 2019

Getting blockchain transactions into evidence is not easy. But it is possible. Here is how this team did it in a mock trial.

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Binary code

Learn about crypto & blockchain at ABA Techshow

January 30, 2019

Join us at the ABA Techshow in Chicago – February 27 – March 2, 2019. The company will be warm and welcoming, whatever the weather. If you are confused about blockchain and cryptocurrency, our panel will help you make sense of it all. This is an area that all legal professionals need to understand. Here is a link to a primer on cryptocurrency and digital coins that I wrote for the ABA Law Practice Management Magazine: https://www.americanbar.org/groups/law_practice/publications/law_practice_magazine/2019/january-february/JF2019Braganca/ There is so much more at Techshow. Read about it here and then sign up. http://www.abajournal.com/news/article/techshow-to-deal-with-future-proofing-the-practice-of-law

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Court tells SEC, this is not a security

January 25, 2019

The 5th Circuit Court of Appeals reversed a district court’s order granting the SEC summary judgment based upon a finding that certain oil and gas interests were securities. The 5th Circuit provides a detailed analysis of whether the partnership interests satisfy the Howey test. This is well covered in Thomas Gorman’s blog SEC Actions @secactions and should be of interest to folks in the cryptocurrency and blockchain space.

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Truth without proof program description

Truth without Proof? Blockchain on Trial

November 30, 2018

You have irrefutable proof of a blockchain transfer of bitcoin. But how do you get that blockchain transaction into evidence?  It is not as easy as you think. The Chicago Bar Association Financial and Emerging Technologies Committee, FinTEx, ChicagoBlockchainProject, ChicagoBlockchain Center and the Loyola University School of Law present this live demonstration of how legal practitioners can navigate the rules of evidence with respect to blockchain ledger entries and crypto-assets.

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magnifying glass and circuit board

Insurance coverage for SEC investigation of your ICO?

November 5, 2018

A question that businesses contemplating an initial coin offering (ICO) should consider is whether they have insurance coverage for an SEC or other government investigation. This is an excellent analysis of the question on the D&O Diary. Guest Post: ICO-Related Claims and Insurance Coverage: Questions You Should be Asking

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digital coins

Digital Coins, Tokens, Cryptocurrencies for Beginners

September 29, 2018

Digital Coins Digital coins, virtual coins, tokens, or cryptocurrencies are bits of computer code. What makes this computer code special is that it is created on something called a “blockchain.” Blockchain technology allows people to engage in financial transactions directly with each other, without a bank or other financial intermediary. Transactions taking place on a blockchain are protected through cryptography and recorded on thousands of identical computer ledgers all over the world. There are some great introductions to blockchain technology and bitcoin that you can watch on YouTube. Here are a few I have blogged about previously. http://bit.ly/2xKWjWS http://bit.ly/2Iowr70  

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digital coins

When is a cryptocurrency a security – remarks of SEC Chairman

June 10, 2018

When is a cryptocurrency a security? When is a cryptocurrency a security? The cryptocurrency industry has been looking for clear guidance from regulators for some time. Recently, SEC Chairman Jay Clayton in an interview with CNBC has clarified this question.

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coin pyramid

FTC shuts down bitcoin chain referral scheme

March 17, 2018

FTC shuts down bitcoin chain referral scheme The FTC shut down a fraudulent scheme that promised big profits to those who sent bitcoin and got others to send bitcoin. This is called a chain referral scheme — basically a pyramid scheme. Here is the FTC’s recent warning. The prospect of big profits is just an illusion.  “Ever get a chain letter in the mail or online? Then you know the drill — you send money to a person at the top of the list, then take their name off and add yours to the bottom before sending the letter to more people. If the letters keep going, you’re supposed to make money as your name moves up the list. In fact, most people are guaranteed to lose money. “Chain letters have been around for decades. Today’s twist: online chain referral scheme s involving cryptocurrencies like bitcoin and Litecoin.

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