#law firm Sint Maarten
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Find Top Law Firm in Sint Maarten for All Legal Matters
Whether you are going to file a case against someone or need legal support in any matter for court defending and hearing or even anything related to legal subject, the most important thing is to get support from professional lawyers who are working at the top and recognized law firm Sint Maarten. Find the right one of your choice, go through the details and then schedule an appointment. Their local expertise, specialized knowledge, networks, multilingual services, and proven track record can make all the difference in achieving a favorable outcome for your legal matter. It will be better to take proper time to research and find the best law firm to meet your specific needs in Sint Maarten.
There is no denying the fact that Sint Maarten has a distinct legal system influenced by both Dutch and French law.
A top law firm in Sint Maarten will have a deep understanding of these legal frameworks, ensuring they can navigate the complexities of your case effectively. Top law firms often have lawyers who specialize in various areas of law, from immigration to real estate and corporate law. This specialization means you get access to lawyers with the precise skills and experience needed for your case.
Established law firms in Sint Maarten have strong connections with local authorities, judges, and other legal professionals. This can be invaluable in expediting your legal processes and providing you with insights that can be pivotal to your case.
You have to search for the right and trusted one. ZL Attorneys is a one stop trusted name in this domain providing you with complete peace of mind. You have to make a contact as per your requirement and get the right solutions accordingly.
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Joseph Lubin Embraces Crypto Bubbles, While Playboy Gets Impatient for Blockchain
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Top Stories This Week
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Ethereum Co-Founder Joseph Lubin Doesn’t Believe Market Collapse Prevents Growth
Joseph Lubin, the co-founder of Ethereum and ConsenSys, said in an interview this week that he doesn’t believe that crypto market slumps prevent further growth. He added that each bubble brings in a significant burst of activity, as more developers join the community. Lubin noted that the crypto market volatility can be attributed to “trader types,” i.e. speculative investors, saying that it is not necessarily an indicator of underlying infrastructure enhancement.
Playboy Sues Canadian Blockchain Firm Over Alleged Fraud, Breach Of Contact
Playboy Enterprises is suing Canadian firm Global Blockchain Technologies (GBT), alleging that it failed to integrate blockchain technology into Playboy’s online media channels. Playboy had announced in March its plans to develop an online wallet that would enable customers to use crypto and support the Vice Industry Token, with GBT announcing its participation in May. In the lawsuit, Playboy said that the firm not only failed to fulfill the requirements of their agreement to implement blockchain tech, but also omitted a promised payment of $4 million.
Turkish Lira’s Fall Highlights Rising Crypto Interest In Turkey
In an article this week, Bloomberg writes about the currency crisis in Turkey caused by geopolitical factors, juxtaposing Bitcoin’s comparatively low volatility in the country. According to data from Google Trends, interest in Bitcoin increased markedly within Turkey in August, while local exchanges have seen volumes rise by over 150 percent this week alone.
Investor Sues AT&T Over Alleged Loss Of $24 Million In Crypto Due To Phone Hacks
An U.S. investor has filed a $224 million lawsuit against telecoms giant AT&T over alleged negligence that he claims caused him to lose $24 million in crypto. The plaintiff, Michael Terpin, claims in the lawsuit that the money was stolen via a “digital identity theft” of his cell phone account. Claiming to be a victim of two hacks within seven months, Terpin points to AT&T as letting a hacker acquire his phone number without the proper identification, which later let the imposter gain access to Terpin’s crypto holdings.
US Federal Court Denies Motion To Remand Against Ripple
The U.S. District Court, Northern District of California has ruled to deny a motion to remand against Ripple, its subsidiary XRP II, and Ripple CEO Brad Garlinghouse, in a class action lawsuit alleging that Ripple sold XRP tokens in violation of both the U.S. the Securities Act and the California Corporations Code. According to court documents, the plaintiff failed to show whether the presence of a Securities Act issue was sufficient to bar the defendant from removing an action under the Class Action Fairness Act.
Most Memorable Quotations
“We’ve seen six big bubbles, each more epic than the previous one, and each bubble is astonishing when they’re happening but when you look back they look like pimples on a chart,” — Joseph Lubin, co-founder of Ethereum, ConsenSys
“What AT&T did was like a hotel giving a thief with a fake ID a room key and a key to the room safe to steal jewelry in the safe from the rightful owner,” — lawsuit against AT&T by investor Michael Terpin, who claims the telecom giant allowed hackers into his phone
Laws And Taxes
European Parliament Works On Crowdfunding Regulations Covering ICOs
The European Parliament’s Committee on Economic and Monetary Affairs is developing new crowdfunding regulations that could extend to some initial coin offerings (ICOs), possibly bringing some ICOs within the remit of the new draft regulatory framework for crowdfunding. According to a report, the draft crowdfunding rules might not be an answer for ICO regulation, but are at the least a “much-needed step.”
Adoption
Swedish Crypto ETF “Alternative” Now Aimed At US Investors
A Bitcoin (BTC)-based exchange traded note (ETN) listed on the Nasdaq Stockholm exchange is now being targeted towards U.S. investors as of this week. This “soft��� ETF alternative, which has been traded on the Swedish exchange since 2015, is now being quoted in dollars under the ticker CXBTF as of Wednesday. The addition of a dollar quotation for Bitcoin Tracker One, which is still technically listed and traded in Sweden, is considered by many to be a gateway for U.S. investors.
US Square Cash App Expands Crypto Trading To All 50 States
Mobile payment company Square’s Cash App has expanded its Bitcoin (BTC) trading to all 50 U.S. states. Square had first launched Bitcoin trading in November 2017 for a fraction of its users, with the app launching for almost all users in January with the exception of those in New York, Georgia, Hawaii, and Wyoming.
Japanese Social Messaging App LINE Created $10 Million Blockchain Fund
Japanese messaging giant LINE has announced the creation of a $10 million blockchain venture fund as part of its expansion into the cryptocurrency market. The fund, which is launched via Hong Kong-based subsidiary unblock corp., contains funds from fellow LINE sister outfit LVC Corporation. The company commented in a press release that the unblock ventures’ token fund will expand in the future with the growth of the market.
US National Insurance Advisory Introduces Blockchain-Based Database
The privately held insurance advisory American Association of Insurance Services (AAIS) has introduced its blockchain-based insurance database and reporting tool based on IBM’s enterprise blockchain solution, using Hyperledger Fabric. The platform, dubbed Insurance Data Link (openIDL), intends to reduce “burdensome” statistical reporting processes, as well as cut costs and data processing time for insurance carriers.
Mergers, Acquisitions, And Partnerships
Bank Of China Partners With China UnionPay For Blockchain Payment Systems
The state-backed Bank of China (BOC) and financial services corporation China UnionPay (CUP) have announced a partnership to look into the application of blockchain for payment system development. According to the announcement, the impetus to explore blockchain came as a response to market demand. The two firms plan on jointly investigating big data and distributed ledger technology deployment in order to improve mobile banking products.
Ripple Adds Three Crypto Exchanges To Cross-Border Payments Settlement Product
Ripple has partnered with U.S.-based Bittrex, Mexican Bitso, and Philippine Coins.Ph cryptocurrency trading platforms within its initiative to build a “healthy” ecosystem of digital asset exchange. The partnership will allow Ripple’s xRapid payments solution, a liquidity solution for Ripple’s blockchain-based real-time gross settlement system, to move between XRP and U.S. dollars, Mexican pesos, and Philippine pesos.
Fintech Startup Signs MOU With Central Bank of Curaçao, Sint Maarten
Barbados-based fintech startup Bitt Inc. has signed a Memorandum of Understanding (MOU) with the Central Bank of Curaçao and Sint Maarten (CBCS) in order to develop a central bank digital currency to facilitate financial payments. According to the announcement, the bank is looking to “reduce the level of cash usage within the monetary union” and facilitate more AML and KYC-compliant transactions between the islands.
Jamaican Stock Exchange Partners With Canadian Fintech Firm To Add Crypto, Tokens
The Jamaica Stock Exchange (JSE) will work with Canadian fintech company Blockstation to facilitate the implementation of digital currency and token trading on the exchange. Before the deal with brokered, Blockstation completed beta testing in Jamaica with the participating institution and five broker members participated in a live workshop with representatives from local regulators.
Funding Rounds
Crypto Startup Raises Almost $23 Million With Participation From Airbnb Co-Founder
Cryptocurrency trading platform SFOX has announced the closure of a $22.7 million Series A funding round with participation from Airbnb co-founder Nathan Blecharczyk, along with Y Combinator, Khosla Ventures, Digital Currency Group, and Blockchain Capital. The Series A funding round, led by co-founder and partner at Tribe Capital and Social Capital, Arjun Sethi, has the goal of adding cryptocurrency pairs, improving trading liquidity, and expanding into “new geographical regions.”
Blockchain Startup Axoxii Raises $32 Million With Goldman Sachs, VC Investors
Enterprise-focused blockchain startup Axoni has raised $32 million in a Series B funding round led by Goldman Sachs and Nyca Partners, with numerous other investors including Wells Fargo, JPMorgan, Citigroup, and Andreessen Horowitz. The fresh investment brings Axoni’s total financing to $55 million to date.
Winners And Losers
Total market cap is at around $213 billion after a week of ups and downs, with Bitcoin trading around $6,385 and Ethereum around $296.
The top three altcoin gainers of the week are WINCOIN, PetroDollar, TaTaTu. The top three altcoin losers of the week are InflationCoin, RabbitCoin, Niobium Coin.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
FUD Of The Week
US Regulator Increases Scrutiny Into Crypto Mining Firm Blockchain Riot
The U.S. Securities and Exchange Commission (SEC) has intensified its probe into crypto mining firm Blockchain Riot, a former biotech firm that changed its name to contain the word “blockchain” last year. This week’s quarterly earnings report reveals that the firm received a letter from the SEC indicating that the agency had begun to focus on Riot Blockchain’s registration statements, with the possibility of issuing a stop order preventing shares of the company from being traded until the agency considers that deficiencies have been addressed.
GPU Manufacturere Nvidia Sees Stock Price Fall Due To Decrease In Crypto Mining
U.S.-based graphics processing unit (GPU) manufacturer Nvidia stocks fell after announcing its third-quarter estimates, as the firm’s revenue was affected by a decrease in crypto mining as crypto markets have been falling. Nvidia shares declined more than five percent in the extended session. The company had reported that crypto mining sales were significantly lower than expected in Q2, adding that it does not expect to make significant blockchain-related sales for the rest of the year.
Report Shows More Than $2.3 Million Stolen In Crypto Scams In Q2 2018
A recent report from Russia-based antivirus and cybersecurity firm Kaspersky Labs states that in the second quarter of 2018, cybercriminals stole over $2.3 million dollars via various crypto scams. The report lists “crypto giveaways” as one example of the scams involved, as well as those with cybercriminals posing as being part of new ICO projects to collect money from potential investors.
“Unhackable” Crypto Wallet Sponsored By John McAfee Reportedly Hacked
A group of researchers have reportedly hacked the Bitfi crypto wallet, which Bitfi’s executive chairman, cybersecurity pioneer John McAfee, has called “the world’s first unhackable device,” a claim backed up with a $100,000 bounty for breaching the device. This week, several researchers have written online that they could successfully send signed transactions with the wallet, claiming they met the conditions of the bounty program by modifying the device, connecting to the wallet’s server, and transmitting sensitive data with it.
Best Features
Artists Ai Weiwei and Kevin Abosch Are Using the Blockchain to Make Us Question What’s ‘PRICELESS’
Two artists address the current human rights issues around the world using the Ethereum blockchain to illustrate their examples. According to Weiwei, blockchain “is not about the technology, but an opportunity to set up a new system that could dismantle the old system, or at least offer a new possibility for communication.”
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This news post is collected from Cointelegraph
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Curaçao Digital Assets Holding Wins Approval to List Crypto Fund on DCSX
The Curaçao-based Dutch Caribbean Securities Exchange (DCSX) has given approval to list its first cryptocurrency and digital assets investment fund. Curaçao Digital Assets Holding B.V. (CDAH) comes from fintech venture firm Zinica Group, and says the fund has a focus on compliance.
Also see: Bitcoin Finds Unfurling Use in American Political Donations
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Crypto Fund Approved to List on Dutch Caribbean DCSX
According to Zinica’s homepage, the fund will provide exposure to the daily price fluctuations of bitcoin, as measured by the Bitcoin Real Time Index (BRTI), supplied by the Chicago Mercantile Exchange (CME).
CDAH, which got approval on February 5th but is not yet listed, previously received an official exemption from the Central Bank of Curaçao and Sint Maarten.
An announcement on the DCSX homepage said local partners for the fund include Amergeris as Listing Advisor, EY Curaçao (Dutch Caribbean), Amicorp Fund Services, HBN Law, SAI Bank and Baroud Group.
The exchange added that Amergeris and Zinica Group have several additional projects, and looks forward to further cooperation.
Zinica’s Mission to Make Traditional Institutional Investors Comfortable with Crypto
Zinica, which has a stated mission to “catalyze the acceptance of digital assets by institutional investors”, also says it wants to enable crypto-assets to become an official asset class with global financial markets.
It has a multi-jurisdictional structure and like CDAH, focuses on high standards of compliance. This means full AML/CFT adherence, secure storage, transparency and independent audit capability.
Zinica also has a U.S. Hedge Fund and European Alternative Investment Fund in the pipeline for 2018.
The Dutch Caribbean Securities Exchange is a major international securities trading platform in its region, and is licensed by the Minister of Finance and supervised by the Central Bank of Curaçao and Sint Maarten.
As part of the Dutch Caribbean, Curaçao and Sint Maarten are officially part of the Kingdom of the Netherlands.
Are bitcoin and cryptocurrency investment funds a good way to bring in “traditional” investment money? Let’s hear your thoughts.
Images via DCSX, Wikimedia Commons
The post Curaçao Digital Assets Holding Wins Approval to List Crypto Fund on DCSX appeared first on Bitsonline.
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The Advantages Of Law Firm Sint Maarten
Law Firm Sint Maarten is a legal services provider based in the Dutch Caribbean island of Sint Maarten. The firm offers a range of legal services to both individuals and businesses, including corporate law, civil litigation, real estate law, immigration law, and criminal defense.
The Pros:
There are several advantages to working with a law firm in Sint Maarten. These include:
Expertise
Law Firm Sint Maarten has extensive knowledge and experience in the legal system of the island, as well as its unique cultural and economic context.
Multilingual services
Many law firms in Sint Maarten offer multilingual services, which can be particularly useful for clients who speak languages other than English or Dutch.
Specialized services
Law firms in Sint Maarten often specialize in particular areas of law, such as corporate law, real estate law, or maritime law, allowing clients to work with lawyers who have specific expertise in their area of need.
Local connections
Law firms in Sint Maarten typically have strong local connections and relationships with other professionals on the island, such as accountants and bankers, which can help clients navigate complex legal and business issues more effectively.
Sint Maarten is an important financial and commercial center in the Caribbean, making it a hub for legal services related to international business and finance. This means that law firms in Sint Maarten have extensive experience in dealing with complex cross-border legal matters and can provide specialized expertise to clients.
Conclusion Finally, many law firms in Sint Maarten are multilingual and can provide legal services in English, Dutch, French, Spanish, and other languages, making them well-suited to serve clients from diverse backgrounds and regions. Overall, working with Law Firm Sint Maarten can provide clients with the expertise and resources they need to achieve their legal goals while navigating the unique legal landscape of the island.
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How to Choose the Best Law Firm for Your Company
A Law Firm Sint Maarten is a straightforward commercial structure created by one or more attorneys who work together to protect the interests of their clients. In these firms, attorneys can hire associates, or more attorneys, to practise alongside them. In a legal company, each partner shares not just the gains and losses made, but also the risks involved in running the business. It acts like any other firm, but unlike other businesses, attorneys cannot acquire capital through initial public offerings (IPOs), therefore there are frequently no conflicts of interest in this kind of enterprise.
How do you select a legal form for your company?
Finding the best law company to handle all of your legal challenges and receive superior legal counsel is crucial for any organisation. The information in the advice below will assist businesses in selecting the appropriate Law Firm Sint Maarten for their legal needs.
Factors to consider while choosing a legal firm:
Finding a company with expertise dealing with companies like the clients and an understanding of the nature of the business should be the first and most important element taken into account. Additionally, they should be able to provide legal counsel and explanations in straightforward, everyday English rather than legalese.
Looking for law firms for your company:
The law society is the best location to start your search for a legal company. The legal society may set up a free consultation as well as connect them with solicitors who specialise in that region or that particular field. You may also ask your friends, coworkers in related fields, accountants, bank managers, and the local chamber of commerce for suggestions.
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What Will You Get from Top Law Firm Sint Maarten
Legal matters may be problematic, if you don’t pay attention from the beginning or often leave them getting delay. You need to call professional lawyers in case you are going to file a case, need assistance in court hearing, or even for any legal/illegal matter. Searching for the top law firm Sint Maarten will be helpful in solving your queries and providing you with the right solutions. Find the right law firm that is convenient for you, go through the details, and make a contact.
Some of the precise solutions that you will get from a selected law firm include, but not limited to assistance and solutions for administrative law, banking law, bankruptcy law, contract law Curacao, corporate law, and employment law. They also provide you with the right solutions for all other matters like family law, Governmental matters, and Immigration Law, incorporation of Legal Entities, Inheritance Law, Insurance Law, and Intellectual Property Law, Labor Law, Landlord & Tenant Law.
Their services are not limited to aforementioned types of matters as they also offer you solutions for Liability Law, Litigation, Management of Legal Entities, Maritime Law, Pension Law, Personal Injury, and Seizure of Assets, Termination of Employment Law, and different other sections of the law. You have to make a contact as per your requirement and type of issues you are facing. The most crucial thing is to find the right company that is convenient for you and solving your queries.
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Effective Marketing Strategies for Law Offices
Lawyers don't seem to like marketing. Companies that seek to maintain or expand their current levels of activity must accept this as an inevitable cost of doing business.
Here are my top seven recommendations for 2022 that you should be ready to put into your year-end marketing objectives to earn the highest return on investment (ROI) in marketing for law firms.
1. Utilize the company's online resources.
The law firm's website is the only form of advertising where the company has total say over the user experience. The majority of visitors to a site will only look at a couple of pages before departing, therefore it's important to make their time there worthwhile. Law Firm Sint Maarten is a well-known firm nowadays.
It's important that the site seems modern and that pages load swiftly. The mobile experience on the site needs some work. The number of mobile web users is steadily growing, and businesses risk losing both customers and rankings if their sites aren't optimized for mobile.
The website of legal practice should be straightforward to navigate. Someone from outside the company should check out the site on a desktop and a mobile device to assess how intuitive it is and how simple it is to discover various pieces of information.
2. Do more with the video!
Although written communication is effective, not everyone will read the message you send them. Many prospective customers may just scan your content, so using videos is a great approach to getting their attention. A law company website might benefit from having a video since it draws more visitors and gives the site a more personable feel.
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Hire Professional Lawyers in Sint Maarten for All Legal Matters
Whether you are trying to file a case or need someone to defend you in court, professional lawyer Sint Maarten and nearby areas will provide you with the right solutions according to your requirement. You have to find the right agency or a law firm that is convenient for you, go through the details and get the right solutions.
Go online and it will be the right way to enhance your experience of fulfilling your requirement. There are a number of recognized names in this domain offering you the right solutions. Check all details and get the right solutions according to your specific needs.
Among some of the top law firms from where you will get the right solutions for your legal issues from professional lawyers in Sint Maarten, you will find name of ZL Attorneys By Law on top - a one stop trusted name - providing you with a wide range of local legal services for individuals, small businesses, and non-for-profit organization and large corporation.
These professional lawyers in Sint Maarten provide you with comprehensive services that may also include real estate agents, notary publics, and governmental institutions. They provide you with legal assistance to the individuals that may include purchasing land, other forms of real estate, sale and registration of yachts, employment contracts, landlord/tenant agreement and builder and contractor disputes. You have to make a contact, go through the details and get the right solutions according to your specifications.
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Reach your Business Goals with Advocaat Sint Maarten!
Advocaat Sint Maarten is a popular business consulting firm that has specialization in offering a broad range of legal solutions and services to businesses and individuals. If you are facing any issues and require legal help for your business, then advocatescan help you to reach your business goal by implying various legal strategies.
How Advocaat Sint Maarten can help you?
Utilize their legal expertise
In general, advocaat has a legal expertise team who can help to navigate the regulatory and legal landscape in the location. You can ensure your business operation is in compliance with local regulations and laws by utilizing their expertise.
Attend their workshops and seminars
Usually, advocaat hosts many workshops and seminars on different business and legal topics. Attending these events can help you to get valuable insights into their professional work in the local area.
Business consulting services
Advocaat Sint Maarten also provides business consulting services to increase efficiency, improve business operations, and find growth opportunities. You can get engaged with their expert team to achieve your business goals and enhance your business processes.
Use their legal network
Advocatesused to have a vast network of contacts in their industry, which can help them to get new clients, business opportunities, and partnerships.
Conclusion
With the support of Advocaat Sint Maarten, you can be able to reach your business goal in different ways, like seeking business consulting services, utilizing their legal experts, developing a long-term relationship, using their network, and attending seminars and workshops. Thus, make informed decisions for the selection of advocates.
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Lawyers in Sint Maarten to Handle Legal Matters Successfully
If you are looking for experienced and professional lawyers in Sint Maarten, you will get the right solutions from a selected law firm that you can find online. It will be an ideal way to save you time and money and provide you with the right solutions for small businesses, non-for-profit businesses, and large business development – that they can handle successfully. In simple words, they can handle all parts of incorporations, leases, contract negotiation and disputes, licenses and permits, patents and trademarks, and labor law considerations.
ZL Attorney Offers the Right Solutions for Legal Matters in Sint Maarten
They are also able to provide the same services for international companies that are wishing to expand to Curacao and or any of the Caribbean Islands of the Kingdom of the Netherlands. They also assist with the incorporation and management of offshore companies and offshore banking opportunities, investment and asset protection. You have to make a contact as per your requirement, go through the details, and get the right solutions. ZL Attorneys has become the most trusted and secure name in this domain providing you with the right solutions for all legal matters and clearing them successfully.
Check All Details and Get Precise Solutions for Legal Matters
You can contact as per your requirement, check all details, know about their initial consultation, and get precise solutions according to your requirement. Your satisfaction will be an achievement for them and they leave no stone unturned in providing with the right solutions. So, what you are waiting for, stay in touch with lawyers in Sint Maarten and get precise solutions for all legal matters.
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We Provide Good Solutions to our Clients
We provide results to our customers fast as we appoint one skilled lawyer for each issue of our client. They operate and move in an open, clear, and independent manner in order to signify the best interests of their customers. This has given the lawyers of the office a strong reputation, particularly for our Law Firm Sint Maarten corporate clients. Quality, steadiness, and stability are the basics of our personalized approach by us. In both civil law as well as in tax practice, our attorneys and tax lawyers have many years of outstanding service in all areas.
We often operate as a team and more complex subjects are being dealt with in devoted teams to provide the finest result, both in information as well as in litigation. We have been able to put together a flawless mix of experts. Our tactic and our team spirit did not go ignored and as a result, we have grown into a major law firm. We concentrate on all transactions and deliver legal advice to legal entities and other individuals engaged in any operations. We have many years of existence and we have served many main companies and leading banks and other financial institutions demanding advice on corporate, banking, and other financial matters in the jurisdictions.
The firm is advice to most listed companies and also assists many other companies including banks, finance businesses, insurance, and investment companies, holding business and royalty companies, and wealthy persons that use any of the jurisdictions in their operations. Our firm often represents a big number of commercial houses across the country as also a combination of transnational entities, multinational companies, banking and financial institutions, public sector activities, numerous ministries and state and central government establishments, NGOs as well as persons.
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Maritime Law Firm Sint Maarten for All Maritime Related Issues
From a recognized maritime law firm in Sint Maarten, you will get precise solutions for all issues. They work in a team and capable enough to handle all affairs of maritime law in order to fully service the needs of the maritime industry. Their services include, but not limited to:
Maritime litigation and arbitration
Vessel Finance and securitization Transaction
Bankruptcy
Environmental and pollution issues
Enforcement of maritime liens and ship mortgages
Attachments and arrests
Regulatory and legislative advice
Insurance coverage and claims
Mergers and acquisitions
Salvage and towing
Ship purchase and repair contacts
There are varied other issues that are solved successfully through this type of laws. Here, the most crucial thing is to search for the right law firm that is convenient for you and providing you with the right solutions for all issues that are under maritime laws in Sint Maarten. From a recognized maritime law firm Sint Maarten, you will get precise solutions for all issues that are in this category. You have to go through the details, and get the right solutions in timely manner. Your satisfaction is an achievement for attorneys, who are providing you with initial consultation and the right solutions.
Make a contact as per your requirement and get the right solutions. Your satisfaction is a winning moment for them and they leave no stone unturned in providing with the right solutions.
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Joseph Lubin Embraces Crypto Bubbles, While Playboy Gets Impatient for Blockchain
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Top Stories This Week
youtube
Ethereum Co-Founder Joseph Lubin Doesn’t Believe Market Collapse Prevents Growth
Joseph Lubin, the co-founder of Ethereum and ConsenSys, said in an interview this week that he doesn’t believe that crypto market slumps prevent further growth. He added that each bubble brings in a significant burst of activity, as more developers join the community. Lubin noted that the crypto market volatility can be attributed to “trader types,” i.e. speculative investors, saying that it is not necessarily an indicator of underlying infrastructure enhancement.
Playboy Sues Canadian Blockchain Firm Over Alleged Fraud, Breach Of Contact
Playboy Enterprises is suing Canadian firm Global Blockchain Technologies (GBT), alleging that it failed to integrate blockchain technology into Playboy’s online media channels. Playboy had announced in March its plans to develop an online wallet that would enable customers to use crypto and support the Vice Industry Token, with GBT announcing its participation in May. In the lawsuit, Playboy said that the firm not only failed to fulfill the requirements of their agreement to implement blockchain tech, but also omitted a promised payment of $4 million.
Turkish Lira’s Fall Highlights Rising Crypto Interest In Turkey
In an article this week, Bloomberg writes about the currency crisis in Turkey caused by geopolitical factors, juxtaposing Bitcoin’s comparatively low volatility in the country. According to data from Google Trends, interest in Bitcoin increased markedly within Turkey in August, while local exchanges have seen volumes rise by over 150 percent this week alone.
Investor Sues AT&T Over Alleged Loss Of $24 Million In Crypto Due To Phone Hacks
An U.S. investor has filed a $224 million lawsuit against telecoms giant AT&T over alleged negligence that he claims caused him to lose $24 million in crypto. The plaintiff, Michael Terpin, claims in the lawsuit that the money was stolen via a “digital identity theft” of his cell phone account. Claiming to be a victim of two hacks within seven months, Terpin points to AT&T as letting a hacker acquire his phone number without the proper identification, which later let the imposter gain access to Terpin’s crypto holdings.
US Federal Court Denies Motion To Remand Against Ripple
The U.S. District Court, Northern District of California has ruled to deny a motion to remand against Ripple, its subsidiary XRP II, and Ripple CEO Brad Garlinghouse, in a class action lawsuit alleging that Ripple sold XRP tokens in violation of both the U.S. the Securities Act and the California Corporations Code. According to court documents, the plaintiff failed to show whether the presence of a Securities Act issue was sufficient to bar the defendant from removing an action under the Class Action Fairness Act.
Most Memorable Quotations
“We’ve seen six big bubbles, each more epic than the previous one, and each bubble is astonishing when they’re happening but when you look back they look like pimples on a chart,” — Joseph Lubin, co-founder of Ethereum, ConsenSys
“What AT&T did was like a hotel giving a thief with a fake ID a room key and a key to the room safe to steal jewelry in the safe from the rightful owner,” — lawsuit against AT&T by investor Michael Terpin, who claims the telecom giant allowed hackers into his phone
Laws And Taxes
European Parliament Works On Crowdfunding Regulations Covering ICOs
The European Parliament’s Committee on Economic and Monetary Affairs is developing new crowdfunding regulations that could extend to some initial coin offerings (ICOs), possibly bringing some ICOs within the remit of the new draft regulatory framework for crowdfunding. According to a report, the draft crowdfunding rules might not be an answer for ICO regulation, but are at the least a “much-needed step.”
Adoption
Swedish Crypto ETF “Alternative” Now Aimed At US Investors
A Bitcoin (BTC)-based exchange traded note (ETN) listed on the Nasdaq Stockholm exchange is now being targeted towards U.S. investors as of this week. This “soft” ETF alternative, which has been traded on the Swedish exchange since 2015, is now being quoted in dollars under the ticker CXBTF as of Wednesday. The addition of a dollar quotation for Bitcoin Tracker One, which is still technically listed and traded in Sweden, is considered by many to be a gateway for U.S. investors.
US Square Cash App Expands Crypto Trading To All 50 States
Mobile payment company Square’s Cash App has expanded its Bitcoin (BTC) trading to all 50 U.S. states. Square had first launched Bitcoin trading in November 2017 for a fraction of its users, with the app launching for almost all users in January with the exception of those in New York, Georgia, Hawaii, and Wyoming.
Japanese Social Messaging App LINE Created $10 Million Blockchain Fund
Japanese messaging giant LINE has announced the creation of a $10 million blockchain venture fund as part of its expansion into the cryptocurrency market. The fund, which is launched via Hong Kong-based subsidiary unblock corp., contains funds from fellow LINE sister outfit LVC Corporation. The company commented in a press release that the unblock ventures’ token fund will expand in the future with the growth of the market.
US National Insurance Advisory Introduces Blockchain-Based Database
The privately held insurance advisory American Association of Insurance Services (AAIS) has introduced its blockchain-based insurance database and reporting tool based on IBM’s enterprise blockchain solution, using Hyperledger Fabric. The platform, dubbed Insurance Data Link (openIDL), intends to reduce “burdensome” statistical reporting processes, as well as cut costs and data processing time for insurance carriers.
Mergers, Acquisitions, And Partnerships
Bank Of China Partners With China UnionPay For Blockchain Payment Systems
The state-backed Bank of China (BOC) and financial services corporation China UnionPay (CUP) have announced a partnership to look into the application of blockchain for payment system development. According to the announcement, the impetus to explore blockchain came as a response to market demand. The two firms plan on jointly investigating big data and distributed ledger technology deployment in order to improve mobile banking products.
Ripple Adds Three Crypto Exchanges To Cross-Border Payments Settlement Product
Ripple has partnered with U.S.-based Bittrex, Mexican Bitso, and Philippine Coins.Ph cryptocurrency trading platforms within its initiative to build a “healthy” ecosystem of digital asset exchange. The partnership will allow Ripple’s xRapid payments solution, a liquidity solution for Ripple’s blockchain-based real-time gross settlement system, to move between XRP and U.S. dollars, Mexican pesos, and Philippine pesos.
Fintech Startup Signs MOU With Central Bank of Curaçao, Sint Maarten
Barbados-based fintech startup Bitt Inc. has signed a Memorandum of Understanding (MOU) with the Central Bank of Curaçao and Sint Maarten (CBCS) in order to develop a central bank digital currency to facilitate financial payments. According to the announcement, the bank is looking to “reduce the level of cash usage within the monetary union” and facilitate more AML and KYC-compliant transactions between the islands.
Jamaican Stock Exchange Partners With Canadian Fintech Firm To Add Crypto, Tokens
The Jamaica Stock Exchange (JSE) will work with Canadian fintech company Blockstation to facilitate the implementation of digital currency and token trading on the exchange. Before the deal with brokered, Blockstation completed beta testing in Jamaica with the participating institution and five broker members participated in a live workshop with representatives from local regulators.
Funding Rounds
Crypto Startup Raises Almost $23 Million With Participation From Airbnb Co-Founder
Cryptocurrency trading platform SFOX has announced the closure of a $22.7 million Series A funding round with participation from Airbnb co-founder Nathan Blecharczyk, along with Y Combinator, Khosla Ventures, Digital Currency Group, and Blockchain Capital. The Series A funding round, led by co-founder and partner at Tribe Capital and Social Capital, Arjun Sethi, has the goal of adding cryptocurrency pairs, improving trading liquidity, and expanding into “new geographical regions.”
Blockchain Startup Axoxii Raises $32 Million With Goldman Sachs, VC Investors
Enterprise-focused blockchain startup Axoni has raised $32 million in a Series B funding round led by Goldman Sachs and Nyca Partners, with numerous other investors including Wells Fargo, JPMorgan, Citigroup, and Andreessen Horowitz. The fresh investment brings Axoni’s total financing to $55 million to date.
Winners And Losers
Total market cap is at around $213 billion after a week of ups and downs, with Bitcoin trading around $6,385 and Ethereum around $296.
The top three altcoin gainers of the week are WINCOIN, PetroDollar, TaTaTu. The top three altcoin losers of the week are InflationCoin, RabbitCoin, Niobium Coin.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
FUD Of The Week
US Regulator Increases Scrutiny Into Crypto Mining Firm Blockchain Riot
The U.S. Securities and Exchange Commission (SEC) has intensified its probe into crypto mining firm Blockchain Riot, a former biotech firm that changed its name to contain the word “blockchain” last year. This week’s quarterly earnings report reveals that the firm received a letter from the SEC indicating that the agency had begun to focus on Riot Blockchain’s registration statements, with the possibility of issuing a stop order preventing shares of the company from being traded until the agency considers that deficiencies have been addressed.
GPU Manufacturere Nvidia Sees Stock Price Fall Due To Decrease In Crypto Mining
U.S.-based graphics processing unit (GPU) manufacturer Nvidia stocks fell after announcing its third-quarter estimates, as the firm’s revenue was affected by a decrease in crypto mining as crypto markets have been falling. Nvidia shares declined more than five percent in the extended session. The company had reported that crypto mining sales were significantly lower than expected in Q2, adding that it does not expect to make significant blockchain-related sales for the rest of the year.
Report Shows More Than $2.3 Million Stolen In Crypto Scams In Q2 2018
A recent report from Russia-based antivirus and cybersecurity firm Kaspersky Labs states that in the second quarter of 2018, cybercriminals stole over $2.3 million dollars via various crypto scams. The report lists “crypto giveaways” as one example of the scams involved, as well as those with cybercriminals posing as being part of new ICO projects to collect money from potential investors.
“Unhackable” Crypto Wallet Sponsored By John McAfee Reportedly Hacked
A group of researchers have reportedly hacked the Bitfi crypto wallet, which Bitfi’s executive chairman, cybersecurity pioneer John McAfee, has called “the world’s first unhackable device,” a claim backed up with a $100,000 bounty for breaching the device. This week, several researchers have written online that they could successfully send signed transactions with the wallet, claiming they met the conditions of the bounty program by modifying the device, connecting to the wallet’s server, and transmitting sensitive data with it.
Best Features
Artists Ai Weiwei and Kevin Abosch Are Using the Blockchain to Make Us Question What’s ‘PRICELESS’
Two artists address the current human rights issues around the world using the Ethereum blockchain to illustrate their examples. According to Weiwei, blockchain “is not about the technology, but an opportunity to set up a new system that could dismantle the old system, or at least offer a new possibility for communication.”
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This news post is collected from Cointelegraph
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Text
Joseph Lubin Embraces Crypto Bubbles, While Playboy Gets Impatient for Blockchain
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Top Stories This Week
youtube
Ethereum Co-Founder Joseph Lubin Doesn’t Believe Market Collapse Prevents Growth
Joseph Lubin, the co-founder of Ethereum and ConsenSys, said in an interview this week that he doesn’t believe that crypto market slumps prevent further growth. He added that each bubble brings in a significant burst of activity, as more developers join the community. Lubin noted that the crypto market volatility can be attributed to “trader types,” i.e. speculative investors, saying that it is not necessarily an indicator of underlying infrastructure enhancement.
Playboy Sues Canadian Blockchain Firm Over Alleged Fraud, Breach Of Contact
Playboy Enterprises is suing Canadian firm Global Blockchain Technologies (GBT), alleging that it failed to integrate blockchain technology into Playboy’s online media channels. Playboy had announced in March its plans to develop an online wallet that would enable customers to use crypto and support the Vice Industry Token, with GBT announcing its participation in May. In the lawsuit, Playboy said that the firm not only failed to fulfill the requirements of their agreement to implement blockchain tech, but also omitted a promised payment of $4 million.
Turkish Lira’s Fall Highlights Rising Crypto Interest In Turkey
In an article this week, Bloomberg writes about the currency crisis in Turkey caused by geopolitical factors, juxtaposing Bitcoin’s comparatively low volatility in the country. According to data from Google Trends, interest in Bitcoin increased markedly within Turkey in August, while local exchanges have seen volumes rise by over 150 percent this week alone.
Investor Sues AT&T Over Alleged Loss Of $24 Million In Crypto Due To Phone Hacks
An U.S. investor has filed a $224 million lawsuit against telecoms giant AT&T over alleged negligence that he claims caused him to lose $24 million in crypto. The plaintiff, Michael Terpin, claims in the lawsuit that the money was stolen via a “digital identity theft” of his cell phone account. Claiming to be a victim of two hacks within seven months, Terpin points to AT&T as letting a hacker acquire his phone number without the proper identification, which later let the imposter gain access to Terpin’s crypto holdings.
US Federal Court Denies Motion To Remand Against Ripple
The U.S. District Court, Northern District of California has ruled to deny a motion to remand against Ripple, its subsidiary XRP II, and Ripple CEO Brad Garlinghouse, in a class action lawsuit alleging that Ripple sold XRP tokens in violation of both the U.S. the Securities Act and the California Corporations Code. According to court documents, the plaintiff failed to show whether the presence of a Securities Act issue was sufficient to bar the defendant from removing an action under the Class Action Fairness Act.
Most Memorable Quotations
“We’ve seen six big bubbles, each more epic than the previous one, and each bubble is astonishing when they’re happening but when you look back they look like pimples on a chart,” — Joseph Lubin, co-founder of Ethereum, ConsenSys
“What AT&T did was like a hotel giving a thief with a fake ID a room key and a key to the room safe to steal jewelry in the safe from the rightful owner,” — lawsuit against AT&T by investor Michael Terpin, who claims the telecom giant allowed hackers into his phone
Laws And Taxes
European Parliament Works On Crowdfunding Regulations Covering ICOs
The European Parliament’s Committee on Economic and Monetary Affairs is developing new crowdfunding regulations that could extend to some initial coin offerings (ICOs), possibly bringing some ICOs within the remit of the new draft regulatory framework for crowdfunding. According to a report, the draft crowdfunding rules might not be an answer for ICO regulation, but are at the least a “much-needed step.”
Adoption
Swedish Crypto ETF “Alternative” Now Aimed At US Investors
A Bitcoin (BTC)-based exchange traded note (ETN) listed on the Nasdaq Stockholm exchange is now being targeted towards U.S. investors as of this week. This “soft” ETF alternative, which has been traded on the Swedish exchange since 2015, is now being quoted in dollars under the ticker CXBTF as of Wednesday. The addition of a dollar quotation for Bitcoin Tracker One, which is still technically listed and traded in Sweden, is considered by many to be a gateway for U.S. investors.
US Square Cash App Expands Crypto Trading To All 50 States
Mobile payment company Square’s Cash App has expanded its Bitcoin (BTC) trading to all 50 U.S. states. Square had first launched Bitcoin trading in November 2017 for a fraction of its users, with the app launching for almost all users in January with the exception of those in New York, Georgia, Hawaii, and Wyoming.
Japanese Social Messaging App LINE Created $10 Million Blockchain Fund
Japanese messaging giant LINE has announced the creation of a $10 million blockchain venture fund as part of its expansion into the cryptocurrency market. The fund, which is launched via Hong Kong-based subsidiary unblock corp., contains funds from fellow LINE sister outfit LVC Corporation. The company commented in a press release that the unblock ventures’ token fund will expand in the future with the growth of the market.
US National Insurance Advisory Introduces Blockchain-Based Database
The privately held insurance advisory American Association of Insurance Services (AAIS) has introduced its blockchain-based insurance database and reporting tool based on IBM’s enterprise blockchain solution, using Hyperledger Fabric. The platform, dubbed Insurance Data Link (openIDL), intends to reduce “burdensome” statistical reporting processes, as well as cut costs and data processing time for insurance carriers.
Mergers, Acquisitions, And Partnerships
Bank Of China Partners With China UnionPay For Blockchain Payment Systems
The state-backed Bank of China (BOC) and financial services corporation China UnionPay (CUP) have announced a partnership to look into the application of blockchain for payment system development. According to the announcement, the impetus to explore blockchain came as a response to market demand. The two firms plan on jointly investigating big data and distributed ledger technology deployment in order to improve mobile banking products.
Ripple Adds Three Crypto Exchanges To Cross-Border Payments Settlement Product
Ripple has partnered with U.S.-based Bittrex, Mexican Bitso, and Philippine Coins.Ph cryptocurrency trading platforms within its initiative to build a “healthy” ecosystem of digital asset exchange. The partnership will allow Ripple’s xRapid payments solution, a liquidity solution for Ripple’s blockchain-based real-time gross settlement system, to move between XRP and U.S. dollars, Mexican pesos, and Philippine pesos.
Fintech Startup Signs MOU With Central Bank of Curaçao, Sint Maarten
Barbados-based fintech startup Bitt Inc. has signed a Memorandum of Understanding (MOU) with the Central Bank of Curaçao and Sint Maarten (CBCS) in order to develop a central bank digital currency to facilitate financial payments. According to the announcement, the bank is looking to “reduce the level of cash usage within the monetary union” and facilitate more AML and KYC-compliant transactions between the islands.
Jamaican Stock Exchange Partners With Canadian Fintech Firm To Add Crypto, Tokens
The Jamaica Stock Exchange (JSE) will work with Canadian fintech company Blockstation to facilitate the implementation of digital currency and token trading on the exchange. Before the deal with brokered, Blockstation completed beta testing in Jamaica with the participating institution and five broker members participated in a live workshop with representatives from local regulators.
Funding Rounds
Crypto Startup Raises Almost $23 Million With Participation From Airbnb Co-Founder
Cryptocurrency trading platform SFOX has announced the closure of a $22.7 million Series A funding round with participation from Airbnb co-founder Nathan Blecharczyk, along with Y Combinator, Khosla Ventures, Digital Currency Group, and Blockchain Capital. The Series A funding round, led by co-founder and partner at Tribe Capital and Social Capital, Arjun Sethi, has the goal of adding cryptocurrency pairs, improving trading liquidity, and expanding into “new geographical regions.”
Blockchain Startup Axoxii Raises $32 Million With Goldman Sachs, VC Investors
Enterprise-focused blockchain startup Axoni has raised $32 million in a Series B funding round led by Goldman Sachs and Nyca Partners, with numerous other investors including Wells Fargo, JPMorgan, Citigroup, and Andreessen Horowitz. The fresh investment brings Axoni’s total financing to $55 million to date.
Winners And Losers
Total market cap is at around $213 billion after a week of ups and downs, with Bitcoin trading around $6,385 and Ethereum around $296.
The top three altcoin gainers of the week are WINCOIN, PetroDollar, TaTaTu. The top three altcoin losers of the week are InflationCoin, RabbitCoin, Niobium Coin.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
FUD Of The Week
US Regulator Increases Scrutiny Into Crypto Mining Firm Blockchain Riot
The U.S. Securities and Exchange Commission (SEC) has intensified its probe into crypto mining firm Blockchain Riot, a former biotech firm that changed its name to contain the word “blockchain” last year. This week’s quarterly earnings report reveals that the firm received a letter from the SEC indicating that the agency had begun to focus on Riot Blockchain’s registration statements, with the possibility of issuing a stop order preventing shares of the company from being traded until the agency considers that deficiencies have been addressed.
GPU Manufacturere Nvidia Sees Stock Price Fall Due To Decrease In Crypto Mining
U.S.-based graphics processing unit (GPU) manufacturer Nvidia stocks fell after announcing its third-quarter estimates, as the firm’s revenue was affected by a decrease in crypto mining as crypto markets have been falling. Nvidia shares declined more than five percent in the extended session. The company had reported that crypto mining sales were significantly lower than expected in Q2, adding that it does not expect to make significant blockchain-related sales for the rest of the year.
Report Shows More Than $2.3 Million Stolen In Crypto Scams In Q2 2018
A recent report from Russia-based antivirus and cybersecurity firm Kaspersky Labs states that in the second quarter of 2018, cybercriminals stole over $2.3 million dollars via various crypto scams. The report lists “crypto giveaways” as one example of the scams involved, as well as those with cybercriminals posing as being part of new ICO projects to collect money from potential investors.
“Unhackable” Crypto Wallet Sponsored By John McAfee Reportedly Hacked
A group of researchers have reportedly hacked the Bitfi crypto wallet, which Bitfi’s executive chairman, cybersecurity pioneer John McAfee, has called “the world’s first unhackable device,” a claim backed up with a $100,000 bounty for breaching the device. This week, several researchers have written online that they could successfully send signed transactions with the wallet, claiming they met the conditions of the bounty program by modifying the device, connecting to the wallet’s server, and transmitting sensitive data with it.
Best Features
Artists Ai Weiwei and Kevin Abosch Are Using the Blockchain to Make Us Question What’s ‘PRICELESS’
Two artists address the current human rights issues around the world using the Ethereum blockchain to illustrate their examples. According to Weiwei, blockchain “is not about the technology, but an opportunity to set up a new system that could dismantle the old system, or at least offer a new possibility for communication.”
window.fbAsyncInit = function() { FB.init({ appId : '1922752334671725', xfbml : true, version : 'v2.9' }); FB.AppEvents.logPageView(); }; (function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "http://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window,document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '1922752334671725'); fbq('track', 'PageView');
This news post is collected from Cointelegraph
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User rating:
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Demo & Pro Version Get It Now Hurry!
Read full review
The post Joseph Lubin Embraces Crypto Bubbles, While Playboy Gets Impatient for Blockchain appeared first on Review: Legit or Scam?.
Read more from → https://legit-scam.review/joseph-lubin-embraces-crypto-bubbles-while-playboy-gets-impatient-for-blockchain-7
0 notes
Text
Joseph Lubin Embraces Crypto Bubbles, While Playboy Gets Impatient for Blockchain
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Top Stories This Week
youtube
Ethereum Co-Founder Joseph Lubin Doesn’t Believe Market Collapse Prevents Growth
Joseph Lubin, the co-founder of Ethereum and ConsenSys, said in an interview this week that he doesn’t believe that crypto market slumps prevent further growth. He added that each bubble brings in a significant burst of activity, as more developers join the community. Lubin noted that the crypto market volatility can be attributed to “trader types,” i.e. speculative investors, saying that it is not necessarily an indicator of underlying infrastructure enhancement.
Playboy Sues Canadian Blockchain Firm Over Alleged Fraud, Breach Of Contact
Playboy Enterprises is suing Canadian firm Global Blockchain Technologies (GBT), alleging that it failed to integrate blockchain technology into Playboy’s online media channels. Playboy had announced in March its plans to develop an online wallet that would enable customers to use crypto and support the Vice Industry Token, with GBT announcing its participation in May. In the lawsuit, Playboy said that the firm not only failed to fulfill the requirements of their agreement to implement blockchain tech, but also omitted a promised payment of $4 million.
Turkish Lira’s Fall Highlights Rising Crypto Interest In Turkey
In an article this week, Bloomberg writes about the currency crisis in Turkey caused by geopolitical factors, juxtaposing Bitcoin’s comparatively low volatility in the country. According to data from Google Trends, interest in Bitcoin increased markedly within Turkey in August, while local exchanges have seen volumes rise by over 150 percent this week alone.
Investor Sues AT&T Over Alleged Loss Of $24 Million In Crypto Due To Phone Hacks
An U.S. investor has filed a $224 million lawsuit against telecoms giant AT&T over alleged negligence that he claims caused him to lose $24 million in crypto. The plaintiff, Michael Terpin, claims in the lawsuit that the money was stolen via a “digital identity theft” of his cell phone account. Claiming to be a victim of two hacks within seven months, Terpin points to AT&T as letting a hacker acquire his phone number without the proper identification, which later let the imposter gain access to Terpin’s crypto holdings.
US Federal Court Denies Motion To Remand Against Ripple
The U.S. District Court, Northern District of California has ruled to deny a motion to remand against Ripple, its subsidiary XRP II, and Ripple CEO Brad Garlinghouse, in a class action lawsuit alleging that Ripple sold XRP tokens in violation of both the U.S. the Securities Act and the California Corporations Code. According to court documents, the plaintiff failed to show whether the presence of a Securities Act issue was sufficient to bar the defendant from removing an action under the Class Action Fairness Act.
Most Memorable Quotations
“We’ve seen six big bubbles, each more epic than the previous one, and each bubble is astonishing when they’re happening but when you look back they look like pimples on a chart,” — Joseph Lubin, co-founder of Ethereum, ConsenSys
“What AT&T did was like a hotel giving a thief with a fake ID a room key and a key to the room safe to steal jewelry in the safe from the rightful owner,” — lawsuit against AT&T by investor Michael Terpin, who claims the telecom giant allowed hackers into his phone
Laws And Taxes
European Parliament Works On Crowdfunding Regulations Covering ICOs
The European Parliament’s Committee on Economic and Monetary Affairs is developing new crowdfunding regulations that could extend to some initial coin offerings (ICOs), possibly bringing some ICOs within the remit of the new draft regulatory framework for crowdfunding. According to a report, the draft crowdfunding rules might not be an answer for ICO regulation, but are at the least a “much-needed step.”
Adoption
Swedish Crypto ETF “Alternative” Now Aimed At US Investors
A Bitcoin (BTC)-based exchange traded note (ETN) listed on the Nasdaq Stockholm exchange is now being targeted towards U.S. investors as of this week. This “soft” ETF alternative, which has been traded on the Swedish exchange since 2015, is now being quoted in dollars under the ticker CXBTF as of Wednesday. The addition of a dollar quotation for Bitcoin Tracker One, which is still technically listed and traded in Sweden, is considered by many to be a gateway for U.S. investors.
US Square Cash App Expands Crypto Trading To All 50 States
Mobile payment company Square’s Cash App has expanded its Bitcoin (BTC) trading to all 50 U.S. states. Square had first launched Bitcoin trading in November 2017 for a fraction of its users, with the app launching for almost all users in January with the exception of those in New York, Georgia, Hawaii, and Wyoming.
Japanese Social Messaging App LINE Created $10 Million Blockchain Fund
Japanese messaging giant LINE has announced the creation of a $10 million blockchain venture fund as part of its expansion into the cryptocurrency market. The fund, which is launched via Hong Kong-based subsidiary unblock corp., contains funds from fellow LINE sister outfit LVC Corporation. The company commented in a press release that the unblock ventures’ token fund will expand in the future with the growth of the market.
US National Insurance Advisory Introduces Blockchain-Based Database
The privately held insurance advisory American Association of Insurance Services (AAIS) has introduced its blockchain-based insurance database and reporting tool based on IBM’s enterprise blockchain solution, using Hyperledger Fabric. The platform, dubbed Insurance Data Link (openIDL), intends to reduce “burdensome” statistical reporting processes, as well as cut costs and data processing time for insurance carriers.
Mergers, Acquisitions, And Partnerships
Bank Of China Partners With China UnionPay For Blockchain Payment Systems
The state-backed Bank of China (BOC) and financial services corporation China UnionPay (CUP) have announced a partnership to look into the application of blockchain for payment system development. According to the announcement, the impetus to explore blockchain came as a response to market demand. The two firms plan on jointly investigating big data and distributed ledger technology deployment in order to improve mobile banking products.
Ripple Adds Three Crypto Exchanges To Cross-Border Payments Settlement Product
Ripple has partnered with U.S.-based Bittrex, Mexican Bitso, and Philippine Coins.Ph cryptocurrency trading platforms within its initiative to build a “healthy” ecosystem of digital asset exchange. The partnership will allow Ripple’s xRapid payments solution, a liquidity solution for Ripple’s blockchain-based real-time gross settlement system, to move between XRP and U.S. dollars, Mexican pesos, and Philippine pesos.
Fintech Startup Signs MOU With Central Bank of Curaçao, Sint Maarten
Barbados-based fintech startup Bitt Inc. has signed a Memorandum of Understanding (MOU) with the Central Bank of Curaçao and Sint Maarten (CBCS) in order to develop a central bank digital currency to facilitate financial payments. According to the announcement, the bank is looking to “reduce the level of cash usage within the monetary union” and facilitate more AML and KYC-compliant transactions between the islands.
Jamaican Stock Exchange Partners With Canadian Fintech Firm To Add Crypto, Tokens
The Jamaica Stock Exchange (JSE) will work with Canadian fintech company Blockstation to facilitate the implementation of digital currency and token trading on the exchange. Before the deal with brokered, Blockstation completed beta testing in Jamaica with the participating institution and five broker members participated in a live workshop with representatives from local regulators.
Funding Rounds
Crypto Startup Raises Almost $23 Million With Participation From Airbnb Co-Founder
Cryptocurrency trading platform SFOX has announced the closure of a $22.7 million Series A funding round with participation from Airbnb co-founder Nathan Blecharczyk, along with Y Combinator, Khosla Ventures, Digital Currency Group, and Blockchain Capital. The Series A funding round, led by co-founder and partner at Tribe Capital and Social Capital, Arjun Sethi, has the goal of adding cryptocurrency pairs, improving trading liquidity, and expanding into “new geographical regions.”
Blockchain Startup Axoxii Raises $32 Million With Goldman Sachs, VC Investors
Enterprise-focused blockchain startup Axoni has raised $32 million in a Series B funding round led by Goldman Sachs and Nyca Partners, with numerous other investors including Wells Fargo, JPMorgan, Citigroup, and Andreessen Horowitz. The fresh investment brings Axoni’s total financing to $55 million to date.
Winners And Losers
Total market cap is at around $213 billion after a week of ups and downs, with Bitcoin trading around $6,385 and Ethereum around $296.
The top three altcoin gainers of the week are WINCOIN, PetroDollar, TaTaTu. The top three altcoin losers of the week are InflationCoin, RabbitCoin, Niobium Coin.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
FUD Of The Week
US Regulator Increases Scrutiny Into Crypto Mining Firm Blockchain Riot
The U.S. Securities and Exchange Commission (SEC) has intensified its probe into crypto mining firm Blockchain Riot, a former biotech firm that changed its name to contain the word “blockchain” last year. This week’s quarterly earnings report reveals that the firm received a letter from the SEC indicating that the agency had begun to focus on Riot Blockchain’s registration statements, with the possibility of issuing a stop order preventing shares of the company from being traded until the agency considers that deficiencies have been addressed.
GPU Manufacturere Nvidia Sees Stock Price Fall Due To Decrease In Crypto Mining
U.S.-based graphics processing unit (GPU) manufacturer Nvidia stocks fell after announcing its third-quarter estimates, as the firm’s revenue was affected by a decrease in crypto mining as crypto markets have been falling. Nvidia shares declined more than five percent in the extended session. The company had reported that crypto mining sales were significantly lower than expected in Q2, adding that it does not expect to make significant blockchain-related sales for the rest of the year.
Report Shows More Than $2.3 Million Stolen In Crypto Scams In Q2 2018
A recent report from Russia-based antivirus and cybersecurity firm Kaspersky Labs states that in the second quarter of 2018, cybercriminals stole over $2.3 million dollars via various crypto scams. The report lists “crypto giveaways” as one example of the scams involved, as well as those with cybercriminals posing as being part of new ICO projects to collect money from potential investors.
“Unhackable” Crypto Wallet Sponsored By John McAfee Reportedly Hacked
A group of researchers have reportedly hacked the Bitfi crypto wallet, which Bitfi’s executive chairman, cybersecurity pioneer John McAfee, has called “the world’s first unhackable device,” a claim backed up with a $100,000 bounty for breaching the device. This week, several researchers have written online that they could successfully send signed transactions with the wallet, claiming they met the conditions of the bounty program by modifying the device, connecting to the wallet’s server, and transmitting sensitive data with it.
Best Features
Artists Ai Weiwei and Kevin Abosch Are Using the Blockchain to Make Us Question What’s ‘PRICELESS’
Two artists address the current human rights issues around the world using the Ethereum blockchain to illustrate their examples. According to Weiwei, blockchain “is not about the technology, but an opportunity to set up a new system that could dismantle the old system, or at least offer a new possibility for communication.”
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Joseph Lubin Embraces Crypto Bubbles, While Playboy Gets Impatient for Blockchain
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Top Stories This Week
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Ethereum Co-Founder Joseph Lubin Doesn’t Believe Market Collapse Prevents Growth
Joseph Lubin, the co-founder of Ethereum and ConsenSys, said in an interview this week that he doesn’t believe that crypto market slumps prevent further growth. He added that each bubble brings in a significant burst of activity, as more developers join the community. Lubin noted that the crypto market volatility can be attributed to “trader types,” i.e. speculative investors, saying that it is not necessarily an indicator of underlying infrastructure enhancement.
Playboy Sues Canadian Blockchain Firm Over Alleged Fraud, Breach Of Contact
Playboy Enterprises is suing Canadian firm Global Blockchain Technologies (GBT), alleging that it failed to integrate blockchain technology into Playboy’s online media channels. Playboy had announced in March its plans to develop an online wallet that would enable customers to use crypto and support the Vice Industry Token, with GBT announcing its participation in May. In the lawsuit, Playboy said that the firm not only failed to fulfill the requirements of their agreement to implement blockchain tech, but also omitted a promised payment of $4 million.
Turkish Lira’s Fall Highlights Rising Crypto Interest In Turkey
In an article this week, Bloomberg writes about the currency crisis in Turkey caused by geopolitical factors, juxtaposing Bitcoin’s comparatively low volatility in the country. According to data from Google Trends, interest in Bitcoin increased markedly within Turkey in August, while local exchanges have seen volumes rise by over 150 percent this week alone.
Investor Sues AT&T Over Alleged Loss Of $24 Million In Crypto Due To Phone Hacks
An U.S. investor has filed a $224 million lawsuit against telecoms giant AT&T over alleged negligence that he claims caused him to lose $24 million in crypto. The plaintiff, Michael Terpin, claims in the lawsuit that the money was stolen via a “digital identity theft” of his cell phone account. Claiming to be a victim of two hacks within seven months, Terpin points to AT&T as letting a hacker acquire his phone number without the proper identification, which later let the imposter gain access to Terpin’s crypto holdings.
US Federal Court Denies Motion To Remand Against Ripple
The U.S. District Court, Northern District of California has ruled to deny a motion to remand against Ripple, its subsidiary XRP II, and Ripple CEO Brad Garlinghouse, in a class action lawsuit alleging that Ripple sold XRP tokens in violation of both the U.S. the Securities Act and the California Corporations Code. According to court documents, the plaintiff failed to show whether the presence of a Securities Act issue was sufficient to bar the defendant from removing an action under the Class Action Fairness Act.
Most Memorable Quotations
“We’ve seen six big bubbles, each more epic than the previous one, and each bubble is astonishing when they’re happening but when you look back they look like pimples on a chart,” — Joseph Lubin, co-founder of Ethereum, ConsenSys
“What AT&T did was like a hotel giving a thief with a fake ID a room key and a key to the room safe to steal jewelry in the safe from the rightful owner,” — lawsuit against AT&T by investor Michael Terpin, who claims the telecom giant allowed hackers into his phone
Laws And Taxes
European Parliament Works On Crowdfunding Regulations Covering ICOs
The European Parliament’s Committee on Economic and Monetary Affairs is developing new crowdfunding regulations that could extend to some initial coin offerings (ICOs), possibly bringing some ICOs within the remit of the new draft regulatory framework for crowdfunding. According to a report, the draft crowdfunding rules might not be an answer for ICO regulation, but are at the least a “much-needed step.”
Adoption
Swedish Crypto ETF “Alternative” Now Aimed At US Investors
A Bitcoin (BTC)-based exchange traded note (ETN) listed on the Nasdaq Stockholm exchange is now being targeted towards U.S. investors as of this week. This “soft” ETF alternative, which has been traded on the Swedish exchange since 2015, is now being quoted in dollars under the ticker CXBTF as of Wednesday. The addition of a dollar quotation for Bitcoin Tracker One, which is still technically listed and traded in Sweden, is considered by many to be a gateway for U.S. investors.
US Square Cash App Expands Crypto Trading To All 50 States
Mobile payment company Square’s Cash App has expanded its Bitcoin (BTC) trading to all 50 U.S. states. Square had first launched Bitcoin trading in November 2017 for a fraction of its users, with the app launching for almost all users in January with the exception of those in New York, Georgia, Hawaii, and Wyoming.
Japanese Social Messaging App LINE Created $10 Million Blockchain Fund
Japanese messaging giant LINE has announced the creation of a $10 million blockchain venture fund as part of its expansion into the cryptocurrency market. The fund, which is launched via Hong Kong-based subsidiary unblock corp., contains funds from fellow LINE sister outfit LVC Corporation. The company commented in a press release that the unblock ventures’ token fund will expand in the future with the growth of the market.
US National Insurance Advisory Introduces Blockchain-Based Database
The privately held insurance advisory American Association of Insurance Services (AAIS) has introduced its blockchain-based insurance database and reporting tool based on IBM’s enterprise blockchain solution, using Hyperledger Fabric. The platform, dubbed Insurance Data Link (openIDL), intends to reduce “burdensome” statistical reporting processes, as well as cut costs and data processing time for insurance carriers.
Mergers, Acquisitions, And Partnerships
Bank Of China Partners With China UnionPay For Blockchain Payment Systems
The state-backed Bank of China (BOC) and financial services corporation China UnionPay (CUP) have announced a partnership to look into the application of blockchain for payment system development. According to the announcement, the impetus to explore blockchain came as a response to market demand. The two firms plan on jointly investigating big data and distributed ledger technology deployment in order to improve mobile banking products.
Ripple Adds Three Crypto Exchanges To Cross-Border Payments Settlement Product
Ripple has partnered with U.S.-based Bittrex, Mexican Bitso, and Philippine Coins.Ph cryptocurrency trading platforms within its initiative to build a “healthy” ecosystem of digital asset exchange. The partnership will allow Ripple’s xRapid payments solution, a liquidity solution for Ripple’s blockchain-based real-time gross settlement system, to move between XRP and U.S. dollars, Mexican pesos, and Philippine pesos.
Fintech Startup Signs MOU With Central Bank of Curaçao, Sint Maarten
Barbados-based fintech startup Bitt Inc. has signed a Memorandum of Understanding (MOU) with the Central Bank of Curaçao and Sint Maarten (CBCS) in order to develop a central bank digital currency to facilitate financial payments. According to the announcement, the bank is looking to “reduce the level of cash usage within the monetary union” and facilitate more AML and KYC-compliant transactions between the islands.
Jamaican Stock Exchange Partners With Canadian Fintech Firm To Add Crypto, Tokens
The Jamaica Stock Exchange (JSE) will work with Canadian fintech company Blockstation to facilitate the implementation of digital currency and token trading on the exchange. Before the deal with brokered, Blockstation completed beta testing in Jamaica with the participating institution and five broker members participated in a live workshop with representatives from local regulators.
Funding Rounds
Crypto Startup Raises Almost $23 Million With Participation From Airbnb Co-Founder
Cryptocurrency trading platform SFOX has announced the closure of a $22.7 million Series A funding round with participation from Airbnb co-founder Nathan Blecharczyk, along with Y Combinator, Khosla Ventures, Digital Currency Group, and Blockchain Capital. The Series A funding round, led by co-founder and partner at Tribe Capital and Social Capital, Arjun Sethi, has the goal of adding cryptocurrency pairs, improving trading liquidity, and expanding into “new geographical regions.”
Blockchain Startup Axoxii Raises $32 Million With Goldman Sachs, VC Investors
Enterprise-focused blockchain startup Axoni has raised $32 million in a Series B funding round led by Goldman Sachs and Nyca Partners, with numerous other investors including Wells Fargo, JPMorgan, Citigroup, and Andreessen Horowitz. The fresh investment brings Axoni’s total financing to $55 million to date.
Winners And Losers
Total market cap is at around $213 billion after a week of ups and downs, with Bitcoin trading around $6,385 and Ethereum around $296.
The top three altcoin gainers of the week are WINCOIN, PetroDollar, TaTaTu. The top three altcoin losers of the week are InflationCoin, RabbitCoin, Niobium Coin.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
FUD Of The Week
US Regulator Increases Scrutiny Into Crypto Mining Firm Blockchain Riot
The U.S. Securities and Exchange Commission (SEC) has intensified its probe into crypto mining firm Blockchain Riot, a former biotech firm that changed its name to contain the word “blockchain” last year. This week’s quarterly earnings report reveals that the firm received a letter from the SEC indicating that the agency had begun to focus on Riot Blockchain’s registration statements, with the possibility of issuing a stop order preventing shares of the company from being traded until the agency considers that deficiencies have been addressed.
GPU Manufacturere Nvidia Sees Stock Price Fall Due To Decrease In Crypto Mining
U.S.-based graphics processing unit (GPU) manufacturer Nvidia stocks fell after announcing its third-quarter estimates, as the firm’s revenue was affected by a decrease in crypto mining as crypto markets have been falling. Nvidia shares declined more than five percent in the extended session. The company had reported that crypto mining sales were significantly lower than expected in Q2, adding that it does not expect to make significant blockchain-related sales for the rest of the year.
Report Shows More Than $2.3 Million Stolen In Crypto Scams In Q2 2018
A recent report from Russia-based antivirus and cybersecurity firm Kaspersky Labs states that in the second quarter of 2018, cybercriminals stole over $2.3 million dollars via various crypto scams. The report lists “crypto giveaways” as one example of the scams involved, as well as those with cybercriminals posing as being part of new ICO projects to collect money from potential investors.
“Unhackable” Crypto Wallet Sponsored By John McAfee Reportedly Hacked
A group of researchers have reportedly hacked the Bitfi crypto wallet, which Bitfi’s executive chairman, cybersecurity pioneer John McAfee, has called “the world’s first unhackable device,” a claim backed up with a $100,000 bounty for breaching the device. This week, several researchers have written online that they could successfully send signed transactions with the wallet, claiming they met the conditions of the bounty program by modifying the device, connecting to the wallet’s server, and transmitting sensitive data with it.
Best Features
Artists Ai Weiwei and Kevin Abosch Are Using the Blockchain to Make Us Question What’s ‘PRICELESS’
Two artists address the current human rights issues around the world using the Ethereum blockchain to illustrate their examples. According to Weiwei, blockchain “is not about the technology, but an opportunity to set up a new system that could dismantle the old system, or at least offer a new possibility for communication.”
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This news post is collected from Cointelegraph
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The post Joseph Lubin Embraces Crypto Bubbles, While Playboy Gets Impatient for Blockchain appeared first on Review: Legit or Scam?.
Read more from → https://legit-scam.review/joseph-lubin-embraces-crypto-bubbles-while-playboy-gets-impatient-for-blockchain-4
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