A Bruce Springsteen-quoting SEC Commissioner told a Chicago blockchain audience that she wants her agency to provide a grace period for digital asset projects to develop free of worry about securities regulation interfering with their token issuances.
In 2018, “Disruption” Joe Hernandez’s Chicago-based blockchain conference, Voice of Blockchain, debuted at Navy Pier from August 24-25. When I asked Hernandez why he started VoB, he said he was “disappointed with the quality level of most...
Bcause LLC, the failed cryptocurrency trading platform and mining services provider, was back in court on Friday, June 21, on a motion by WESCO, a secured creditor, to be paid now, before the remaining cash in the enterprise is dissipated....
Leo Melamed, who fell in love with the trading pits back in the 1960s, says "You can't stop technology" and that anyone who tries to stop it or slow its pace will lose. He was referring, in part, to the "speed bumps" currently being...
Bcause, the cryptocurrency mining company whose name is most likely to be autocorrected by one’s phone, is attempting to fight its way out of bankruptcy. Its battle plan? Raise some capital and start new businesses. The company’s bankruptcy...
Developing new markets, especially when there is strong competition, is all about speed: not microseconds, but days, weeks or months.It's been proven time and again with failed exchanges that it simply took too long to get to the starting...
At one point in the 2013 comedy “The Wolf of Wall Street,” Matthew McConaughey’s character Mark Hanna – a slick, coke-snorting stockbroker – tells Leonardo DiCaprio’s character, “Nobody – I don’t care if you’re Warren Buffett or Jimmy Buffett – nobody knows if the stock is going to go up, down, sideways or in circles.” While many in the financial services world might disagree, we can probably all agree that this accurately describes the current crypto market. Just replace “the stock” in that sentence with “bitcoin.”
Earlier this month Murphy & McGonigle (M&M), an East Coast law firm with a prominent securities and financial services practice, released its Blockchain Litigation: 2018 Year in Review Report. According to the firm, the report is...
These days, traders need good lawyers. They are a must-have in the age of regulatory overreach after the Dodd-Frank law, and for comprehending and complying with the rules as they get refined and re-tuned and as crypto markets come into the mix.
Like most people, I tend to pay more attention when someone directly addresses me or people like me. As a millennial, I tend to exercise this principle a lot, as we've been inundated by the word "millennials" over the past 10 years or so. We’re...
Cryptocurrency Exchange Upbit Raided by Korean Authorities Shinhye Kang and Heejin Kim - Bloomberg South Korean prosecutors raided the offices of Upbit, one of the world’s largest cryptocurrency exchanges. Authorities searched the...
First Read $9,041/$300,000 (3%) How we think and what we think about Peak6 is about to change By John J. Lothian Peak6 was founded as a proprietary trading firm in Chicago by Matthew N. Hulsizer and Jennifer Just. We might think of Peak6 as the firm with the...
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If Trump’s Election Prospects Were an Option, It Would Be Out-of-the-Money; Bitcoin’s market run-up sends options to all-time high for open interest
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