We have been following the bitcoin lawsuit pending down the street at the federal courthouse in West Palm Beach between the Estate of David Kleiman and W&K Defense Research, LLC, on the one hand, and Craig Wright, on the other. Bitcoin enthusiasts believe that Kleiman and/or Wright may either be …
A lawyers’ ethics committee appointed by the Nebraska Supreme Court issued an opinion regarding whether lawyers in that state could receive payments in bitcoin; receive payments from third parties in bitcoin; and/or hold bitcoin for their clients. This applies to any digital currency. The committee was clearly well-informed and wrote …
A federal court judge in New Jersey entered an order today allowing a civil suit involving Bitcoin investments to proceed. The Court ruled that it had jurisdiction over the case based upon the pleadings regarding diversity of the parties and the value of the case exceeding $70,000. In fact, …
In November 2016, a federal court ordered that a summons from the IRS be served on Coinbase seeking detailed information on potentially one million virtual currency users. This could include you if you have a Coinbase wallet. The case is In The Matter of the Tax Liabilities of John Does, United …
If you log onto the once-popular virtual currency exchange, Cryptsy, you can see the virtual version of tumbleweeds blowing through a western town in the form of “volume – 00.00” across the board. On January 14, 2016, the host “Big” Paul Vernor posted this blog post stating that hackers had …
The Federal Reserve System issues periodic newsletters to highlight information that community banks may find helpful in order to comply with Federal Reserve policy. To that end, the Federal Reserve’s “Community Banking Connections” is supposed to be a “primary source for information on guidance, resources, and tools to help community …
Thanks to the Atlanta Bitcoin Consumer Fair for inviting me to speak about Bitcoin Litigation this Saturday. We discussed five pending bitcoin-related lawsuits including suits involving (1) mining hardware sellers, (2) mining companies, (3) exchanges, and (4) a suit over ownership of coins. More importantly, we discussed ways to avoid litigation AND …
Christopher Hopkins will be speaking about “Bitcoin Litigation” from 1-2 pm, Saturday, April 18, 2015 at the Atlanta Bitcoin Consumer Fair. In addition to his role as a digital currency advocate and one of the first lawyers in the bitcoin space, Mr. Hopkins is lead counsel in virtual currency …
Florida Office of Financial Regulation recently released a consumer publication, Fast Facts, which claimed that medical marijuana and virtual currency (bitcoins) were “emerging threats” in terms of investments. The pamphlet does not state the factual or anecdotal basis for those statements. The Fast Facts pamphlet is here. See page 9. …
The North American Bitcoin Conference was held in Miami Beach this weekend and included a discussion of regulatory issues among attorneys Jacob Farber, Kathryn Haun, Christopher Hopkins, Andrew Ittleman, and Marco Santori as well as non-lawyers Perianne Boring and Australian Senator Sam Dastyari. One topic that was stressed was that …
As reported on Coindesk, we have filed suit on behalf of two defrauded purchasers against the “Fibonacci” manufacturing and mining organization (see Coindesk.com, “Florida Group Faces Fraud Charges for Alleged Altcoin Pump and Dump,” December 17, 2014). You can read their excellent coverage here. A copy of the lawsuit …
The Federal Trade Commission (FTC) filed suit against bitcoin-mining hardware manufacturer, BF Labs, Inc. d/b/a Butterfly Labs, on September 15, 2014 alleging misrepresentations and deceptive omissions regarding the marketing and manufacturing of the BitForce and Monarch mining machines. Among other relief, the suit seeks temporary and permanent injunctions as well …
It has been widely reported that bitcoin entrepreneur Charlie Shrem is going to agree to a plea deal. There has been less coverage, however, regarding the Judge’s August 18, 2014 Order. This Order is important to the US v. Faiella and Shrem case because the defendants lost their argument that bitcoin …
The hot bitcoin-related story involves the settlement between the Securities and Exchange Commission (SEC) and bitcoin-advocate, Erik T. Voorhees. This case involves bitcoin but is not about bitcoin. Stated differently, this case is not an attack on bitcoin. It simply involves charges of a crime unrelated to the virtual currency …
A strange title to an article, I know. But it will make sense at the end: Governments around the world are struggling to define, and therefore regulate or ban, virtual currency such as bitcoin. Here in the U.S., various federal agencies have differing conclusions. So do various states. Meanwhile, in …
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