SEC ASKS FOR PUBLIC INPUT ON ‘GAMIFICATION’ OF TRADING PLATFORMS, CONSIDERS NEW REGULATIONS TO PROTECT INVESTORS

Can dressing up a digital trading platform like a video game lure retail investors into excessive or ill-advised trades with rewards as fleeting as a puff of virtual confetti or a simulated slot machine spitting out cartoon coins? That’s just one of the questions the Securities and Exchange Commission is trying to answer by inviting […]

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GERMAN BANKS COMPLETE FIRST OTC INTEREST RATE DERIVATIVE TRADE USING A DIGITAL SMART CONTRACT

Last month, German banks completed the first over-the-counter (OTC) interest rate derivative trade using a digital smart contract. DZ Bank and BayernLB were the trading counterparties, while Deutsche Börse’s Eurex Clearing was the central counterparty (CCP) for exposures from the non-settled OTC transaction. 

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Top Legal Issues Affecting Entertainers and Athletes

From choosing the right business structure and filing for intellectual property protection to handling contract issues and resolving disputes, the legal issues affecting entertainers and athletes can be similar to those of any new or growing company. However, there are also some legal concerns that are specific and custom to sports and entertainment law. Below […]

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Generic.com marks must be shown distinctive to be deemed registrable

Our blog entry earlier this year discussed the “Booking.com” decision, in which the US Supreme Court struck down the per se rule that a generic mark followed by .com was not registrable under any circumstances.  That blog entry cautioned that the news may not be as good as may first appear. Recent interpretation of the Booking.com […]

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Wall Street Blockchain Alliance Legal Working Group Response to the SEC's April 2019 Digital Asset Guide

On April 3th, 2019 the US Securities and Exchange Commission staff released a "Statement on Framework for "Investment Contract" Analysis of Digital Assets" and the first no-action letter.

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NY Office of the Attorney General Alleges Bitfinex Engaged in $850 M Fraud

On April 25, 2019, the New York Office of the Attorney General (“OAG”) announced that it obtained a court order against the operators of Bitfinex[note]Here, “Bitfinex” refers to the online platform and is operators, iFinex Inc., BFXNA Inc., and BFXWW Inc.[/note] demanding the online digital asset exchange turn over a plethora of important documents related to […]

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Experienced FinTech Law Firms in Demand as Blockchain Regulations Change

Cryptocurrency and blockchain technology are currently hot topics  in the financial business world. Headlines regularly note trends and updates on virtual currency, its value, its regulation, and its future potential. As the digital currency market continues to mature, opportunities for related technologies emerge, the complexity of financial software increases, and new legal issues and applications […]

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NFA to Crack Down on IBs and FCMs Without Current AML Policies

Attention FCMs and IBs: is your anti-money laundering policy up-to-date? In a Notice dated May 22, 2018, the National Futures Association (NFA) asserted its intention to seek disciplinary action against futures commission merchants (FCMs) and introducing brokers (IBs) who do not have a written anti-money laundering (AML) program in place. This program must comply with […]

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Why, When, and Where to Get Legal Advice for Startups

Early-stage startup founders and entrepreneurs often find themselves in a ‘chicken-or-egg’ type of scenario in reference to seeking legal advice. There may be pressure to hold off on legal advice for startups until some money has been made, but that revenue-positive point may come well after any number of legal issues arise. So, for entrepreneurs, […]

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Protect Online Content From Copyright Infringement

In our always-online world, websites are a necessary asset that is part of both small and large business’ marketing, sales, and customer service. With the wide variety of content available online, it’s all too easy to click the copy button from page to page or lift a picture from a Google Image search or someone’s […]

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