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Daily Business Review

Shutts & Bowen Defending Crypto Shareholder Derivative Suit

This lawsuit was surfaced on Law.com Radar. Read the complaint here.
1 minute read

Daily Business Review

Bitcoin Seen Poised to Escape From Tightest Range in 2 Years

Cryptocurrencies have stagnated since June, when prices tumbled in the aftermath of the collapse of the Terra stablecoin ecosystem, the demise of hedge fund Three Arrows Capital and the bankruptcies of Voyager Digital and Celsius Network.
3 minute read

The Recorder

Jones Day to Launch Fintech Accelerator in Northern California

The FinAccelerate program is responding to fintech as "one of the most legally intensive areas of tech," according to Jones Day partner and project architect Abradat Kamalpour.
3 minute read

Daily Business Review

Miami Judge Gives Preliminary Approval to Cryptocurrency Class Action—With a Caveat

Now, Miami-Dade Circuit Judge Alan Fine scheduled a final approval hearing for Oct. 27 to consider the proposed settlement over the Empires X Corp. platform scam.
4 minute read

Daily Report Online

Man Sues Coinbase for Unauthorized Transfer of Crypto Securities

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

The American Lawyer

Brown Rudnick Supercharges Digital Commerce Offering With 5-Lawyer Anderson Kill Team

"We have a need for a firm with tech M&A, cross-border deal experience, and also nuanced regulatory experience to advise on securities law issues, Bank Secrecy Act issues, and Office of Foreign Assets Control sanctions," said Stephen Palley, the new co-chair of Brown Rudnick's digital commerce practice.
4 minute read

Daily Business Review

Bankman-Fried Says His Crypto Bailouts Had 'Mixed Results'

Sam Bankman-Fried, chief executive of digital asset exchange FTX, engineered deals worth about $1 billion to backstop struggling companies after the prices of cryptocurrencies declined sharply in the spring and summer.
5 minute read

Corporate Counsel

Former Coinbase Attorney Joins NFT Platform After Stint at Remote Firm

Shahab Asghar said on LinkedIn that he's "stoked to join Zora as GC as we work to build the tools to support creator communities and continue to expand the scope of what Web3 can be and who it can serve!"
2 minute read

New York Law Journal

The Best-Laid Plans: Crypto Trading Plans To Limit Insider Trading Liability

This article discusses: (1) potential insider trading penalties that holders of founders' tokens can face if they trade digital assets while they possess material nonpublic information and (2) suggestions for using prophylactic Rule 10b5-1(c) trading plans for digital assets to reduce those holders' potential exposure to such risks.
10 minute read

National Law Journal

Is the US Falling Behind the Future of Cryptocurrency?

As the use of cryptocurrencies is on the rise globally, to it begs the question of whether it is time for the U.S. government to rethink its position and accept cryptocurrency as an official currency.
5 minute read

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