Morrison Cohen LLP, a New York-based law firm is an international firm that specializes in all areas including international arbitration, real estate, mergers & acquisition, business law and now a leader in cryptocurrencies and blockchain technology. The company has recently launched a cryptocurrency litigation tracker called ‘MoCo Cryptocurrency Litigation Tracker.’
The law firm made an official announcement on its web portal that says,
“The MoCo litigation tracker will maintain a running list of regulatory list of regulatory actions, private litigation and regulatory pronouncements regarding cryptocurrency, initial coin offers and blockchain-related litigation.”
The litigation tracker has some astonishing cases which have resulted in drastic ruling as well. The litigation tracker was created in order to keep a track of trends, what lawyers and regulators are thinking to develop defenses on current actions and to prevent future litigations.
According to the litigation tracker, there are several cryptocurrency cases including litigations against Coinbase (with 4 litigations), Bitconnect (with 4 litigations), Bitfinex (with 1 litigation).
The legal against Bitfinx shows the case that was filed against it and the ruling of the court regarding the same. Bitfinix was charged with failing to register as a futures commission merchant and Illegal, off-exchange transactions by BFXNA. According to the ruling, Bitfinix had to pay a fine of $75000 and will not violate sections 4(a) and 4d of the Act, 7 U.S.C §§ 6(a) and 6(d) (2012) from hereon. Bitfinix has even agreed to not deny the acquisitions in public or elsewhere.
Alfred Sebastian, an ETH and XRP trader says,
“This litigation tracker is going to help so many people and especially the ones investing in ICO’s. People in the crypto-space will know what actions they can take if something goes down and will have a guess on how it will turn out to be.”
David Williams, a crypto-trader says,
“I like the idea of this. I might turn out to be quite helpful. With Bitcoin, ETH and others dropping right now, people would feel scammed. If this tracker actually works, it will help everyone in our space”
This litigation track will help to maintain transparency and spread awareness to all the people involved in cryptocurrency and otherwise.
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Bitcoin [BTC]: Fidelity has a ‘room full of ASIC miners’ at its Texas office, claims Justin Moon
Bitcoin [BTC] had become the center of discussion in the crypto-verse after its meteoric rise recently. BTC is considered to be the digital gold with huge growth potential. As the interminable discussions continued for a long time, individuals associated with this discourse exhibited legitimate reasons both ‘for’ and ‘against’ the validity and acknowledgment of digital forms of money.
Enthusiasts around the globe believed that the big names of the market and hotshots in the corporate space were complacent about BTC. As Bitcoin is increasingly gaining recognition on a daily basis, Fidelity has emerged as the newest member to validate and diffuse BTC in its business operations.
Fidelity Investments, the multinational financial services corporation based in Boston, USA, offered services encircling investing, brokerage and retirement plans.
According to Bitcoin developer Justin Moon, Fidelity Investments has been interested in Bitcoin for a long time. He tweeted,
“Fidelity has a room full of Bitcoin Miners [ASICs] at their Texas office.”
This tweet, from a broader perspective, pointed at the interest of big wagons in the market in BTC mining. Apart from this, it also showed that they were actively participating in public blockchains.
BTW Fidelity has a room full of bitcoin miners at their office. Cypherpunk AF!
— Justin Moon (@_JustinMoon_) 25 May 2019
This is not the first instance where Fidelity has openly accepted its interest in cryptocurrencies. Ari Paul, founder and chief investment officer of BlockTower Capital, had tweeted earlier this year,
Fidelity’s cryptocurrency culture is bonkers. Literally hundreds of passionate advocates at every level of seniority at the firm. They have more people working on crypto than the 5 biggest crypto funds combined.
— Ari Paul ⛓️ (@AriDavidPaul) 27 March 2019
A majority of Fidelity’s clients seems to believe that digital assets are the next big thing in the economy and the debate has been going on for a while. However, Fidelity’s statement rested the speculations of BTC being adopted by big league members. In other adoption news, three days ago, AT&T announced that it would start accepting payments in Bitcoin for its services.
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