A company founded by Jacques Voorhees, father of ShapeShift CEO Erik Voorhees, is offering NFTs representing diamonds on the OpenSea marketplace. Non fungible tokens (NFT) representing diamonds have made their way to the OpenSea marketplace. In the past, there have been quite a few attempts to tokenize diamonds and other precious stones and metals. But […]
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Vitalik Buterin, Heath Tarbert, Brock Pierce and many more — here are 10 memorable quotes to take away from five days of the Unitize virtual blockchain conference. The five-day Unitize virtual blockchain conference organized by BlockShow and San Francisco Blockchain Week ended with the final session on Friday. The event saw appearances from Heath Tarbert, […]
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This week has seen some major breakthroughs in disguise, reminding us of how regulation doesn’t all happen at once. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note Policy changes slowly. Crypto wants to move fast. Sometimes fairly, sometimes not, the crypto industry […]
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In response to the COVID-19 pandemic, the CFTC is changing up the format for its annual Fintech Forward conference. On July 9, LabCFTC, the fintech office of the Commodity Futures Trading Commission, announced that it will replace its annual one-day Fintech Forward conference with three separate online sessions under the series title Empower Innovation 2020. […]
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The operator of an allegedly fraudulent crypto escrow scheme accused of misappropriating $7 million from two clients is expected to plead guilty in September. Jon Barry Thompson, the accused operator of a fraudulent crypto escrow service that defrauded $7 million from two customers, is expected to enter a guilty plea — with prosecutors aiming to […]
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While Bitcoin’s value seems to have stagnated over the past few months, some believe that a price surge is just around the corner. As the global economic engine continues to reel from the effects of the slowdown induced by the novel coronavirus, it’s still not clear how much devastation the pandemic has actually caused. For […]
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Part 2 of this series continues to cover the legal implications associated with the sale of SAFTs and focuses on taxes related to tokens. The United States Internal Revenue Service and Treasury Department have published minimal guidance on the tax treatment of virtual currency and no guidance on Simple Agreement for Future Tokens or secondary […]
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Chairman Tarbert of the CFTC wants to see more clarity on which tokens are securities within the U.S. as well as broader international cooperation on regulation. In a July 7 interview with predecessor Jim Newsome, current Chairman of the Commodity Futures Trading Commission (CFTC) Heath Tarbert ran down a list of pending concerns standing between […]
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LINK token experienced a massive price surge as China’s national blockchain network activated 135 nodes with integrated Chainlink price oracles. Chainlink (LINK) reached an all-time high of $5.60, appreciating 15% on the day. This comes amid the news that China’s Blockchain Service Network, or BSN, launched this past weekend. LINK price over the past 12 […]
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Part 1 of this series covers the legal implications associated with the sale of SAFTs and different approaches to legal interpretations of tokens. The enfant terrible of the digital token world, the Simple Agreement for Future Tokens, or SAFT, continues to grab headlines. In the recent Telegram case, the federal district court for the Southern […]
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