We will chart the path from pre-Bitcoin computer science breakthroughs, to Bitcoin and the rise of alternative currencies, through Ethereum and the rise of smart contracts, arriving at the present day explosion of tokens, enterprise networks, and regulations governing blockchain and cryptocurrencies.
6:30 – 6:45 pm: Networking
6:45 – 8:00 pm: Introductions and Panel Discussion
8:00 – 8:30 pm: Q&A and Networking
Meet the Panelists:
Jagathi Gururajan, Technology Executive, High Growth Global Companies
Tonya M. Evans, Chair, IP & Technology Online Programs, University of New Hampshire
Lindsay Nuon, Founder, Women of Color in Blockchain
General Assembly is a pioneer in education and career transformation, specializing in today’s most in-demand skills. The leading source for training, staffing, and career transitions, we foster a flourishing community of professionals pursuing careers they love. Learn more at https://ga.co.
I took a month-long hiatus from CryptoSmartEsq™ News for personal and professional travel and commitments. And boy has a LOT happened in this time. I am reminded what actual breaking news is … it happens every few minutes or so, it seems, in the blockchain ecosystem.
In fact, I’ve changed my Top Story three times in as many days. I won’t attempt to capture every bit of law-related news that happened since the last issue. But I will hit the high notes so dive in to this week’s #CryptoSmartEsq news.
~ Tonya Evans @IPProfEvans & @CryptoSmartEsq
This week’s #CryptoSmartEsq News includes:
SEC’s comments on crypto ETFs
MasterCard wins patent
Thailand tests digital fiat
CFA exam to include cryptocurrency questions
Prof. Evans has 8 blockchain events now through the end of October
The U.S. Securities and Exchange Commission (SEC) has delayed making a decision on whether to approve five bitcoin-related exchange-traded funds (ETFs) until September, public documents reveal on Tuesday.
In the latest edition of the Federal Register, the SEC explains that it is postponing any decision over the possible approval of ETF proposals filed by Direxion Investments in January – one of which will match bitcoin’s price and four of which are based on the cryptocurrency’s price movements.
Mastercard won a U.S. patent on Tuesday for a method of speeding up cryptocurrency payments.
The document, published July 17 by the U.S. Patent and Trademark Office (USPTO), explains that though cryptocurrencies have “seen increased usage over traditional fiat currencies by consumers who value anonymity and security,” the wide disparity in payment processing times between the two classes of assets puts cryptocurrencies at a “disadvantage.” [Read more …]
The cryptocurrency and blockchain technology industry is already crowded with firms eager to nab high-tech startups as clients or help legacy clients navigate a brave new world. But some BigLaw firms have gone further. [Read more …]
Crypto entrepreneur Charlie Shrem has argued on Twitter yesterday that the SEC’s second rejection of the Winklevoss Bitcoin ETF it is in some sense “old news.” He stated that a pending decision over the Bitcoin ETF that has recently been filed by VanEck & SolidX for trading on the Chicago Board Options Exchange (CBOE) will be more pivotal for the industry — and would likely generate more price-impactful “ETF excitement.”
Emerging financial technologies are taking us into a new chapter of economic history,” Giancarlo told the House Agriculture Committee. At the same time, he said investors should beware of cryptocurrency coins or tokens sold with the claim that they can buy goods, services, or platform access in the future. [Read more …]
In a speech made at an event in Singapore on Wednesday, central bank governor Veerathai Santiprabhob indicated that developing a wholesale central bank digital currency is currently in the pipeline as part of the country’s wider efforts in trialing blockchain technology in various sectors. [Read more …]
… the rise in class action lawsuits around ICOs coincides with a larger, “historic” incidence of class action securities lawsuits since 2016, with more than 750 federal securities class actions having been filed since halfway through that year. That’s the most prolific 24-month period since the Private Securities Litigation Reform Act of 1995 was enacted, according the the report. [Read more …]
Cryptocurrencies and blockchain technologies are making serious headway in the financial industry, the most recent sign being the decision by the CFA Institute, which offers the Chartered Financial Analyst designation, a three-level program, to include cryptocurrencies and blockchain to its Level I and II curriculums next year, according to Bloomberg. The material for the 2019 exams will be available in August.
The topics are part of a new section called Fintech in Investment Management. The CFA, based in Charlottesville, Va., added these topics in response to rising interest based on focus groups and surveys. [Read more …]
Panelist, SMU Dedman School of Law Intellectual Property Symposium. The theme of this year’s symposium is Disruptive Ideas and Emerging Technology. Keynote speakers include Karyn Temple, Acting Register of Copyrights, and James Smith, Chief Intellectual Property Counsel, Ecolab (Dallas, TX)
Presenter, World Intellectual Property Organization Lunchtime Learning (Geneva, CH) (internal presentation re: IP & Blockchain)
October 18, 2018
Presenter, BYU Copyright and Trademark Symposium, Cryptokitties, Cryptography & Copyright (Provo, UT). The paper will be published in the BYU Copyright and Trademark Symposium Issue of the American Intellectual Property Law Association Quarterly Journal.
I took a two-week hiatus for personal and professional travel and commitments. And boy has a LOT happened in this time. I am reminded what actual breaking news is … it happens every few minutes or so, it seems, in the blockchain ecosystem. In fact, I’ve changed my Top Story three times in as many days. I won’t attempt to capture every bit of law-related news that happened since the last issue. But I will hit the high notes so dive in to this week’s #CryptoSmartEsq news.
~ Tonya Evans @IPProfEvans & @CryptoSmartEsq
This week’s #CryptoSmartEsq News includes:
Another successful trademark registration in the UK of the term BITCOIN
The tension between the EU’s General Data Protection Regulation (GDPR) and blockchain’s primary characteristics of transparency and immutability
CFTC issues guidance for clearing houses and exchanges planning to list cryptocurrency-related derivatives products
CFTC probe into possible price manipulation
Numerous blockchain patent filings by legacy companies eagerly (or reluctantly) entering the blockchain space.
Some of the coverage inaccurately describes what has happened and confuses the different types of intellectual property (trademark, patent, copyright etc.). However, it is true that a company named A.B.C. IPHOLDINGS SOUTH WEST LLC c/o MONOPOLIP LTD (London, SW6 1BE, United Kingdom) filed its application on December 22, 2017. The mark BITCOIN was officially registered (UK00003279106) on April 13, 2018.
Many people responded in the comments sections of the articles above that registering the term BITCOIN is “illegal” or, at the very least, completely contrary to “Shatoshi Nakimoto’s” vision for Bitcoin. The latter is certainly true (unless A.B.C. Holdings is “Shatoshi” … not likely), however registering the word BITCOIN in connection with the sale of goods and services isn’t, in and of itself, unlawful. In fact, there are 26 registered BITCOIN marks in the UK (as of the date of this posting). There are 23 registered marks that include BITCOIN in the United States. In the US, however, no applicant has successfully registered the word BITCOIN apart from other words and all registered marks have disclaimed the use of BITCOIN separate from the claimed mark as a whole.
Called “Method and system for payment card verification via blockchain”, the patent was published on Thursday, June 7. It was filed in December 2016. The patent describes a method for conveying a “first public key” and payment credentials through a third-party data source by completing a number of steps. [read more at WorldIPReview.com …]
Corporations are exploring blockchain technology at a rapidly increasing pace with a steady stream of blockchain-related announcements coming from LG, Walmart, Apple and many other tech titans. The primary focus is on understanding how distributed ledgers can improve their services and their bottom line.
CryptoSmartEsq Note: This post discusses patent filings by ICBC, JPMorgan Chase, Bank of America, Apple and Bank of China.
After years of watching the $346 billion cryptocurrency industry and preparing from the sidelines, the regulators from the U.S. Securities & Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Financial Industry Regulatory Authority (Finra) recently released a flurry of guidance statements. [read more at Forbes.com …]
The Korea Financial Intelligence Unit (KFIU) and other local financial agencies will regulate cryptocurrency exchanges like banks, imposing strict anti-money laundering (AML) policies to ensure criminals do not utilize cryptocurrencies to finance illicit operations.
Blockchain technology companies, however, are worried they may not be able to do enough to comply with their GDPR obligations. Not because they don’t want to, but because they can’t.” [read more at Law.com …]
Crypto lawyers are experts in blockchain technology and cryptocurrency regulations. They help break down the technology to court during litigation. They also help break down the laws for cryptocurrency developers, exchanges, and startups. These lawyers are the designated liaison between the crypto world and lawmakers. The two biggest areas where cryptocurrency lawyers are important are ICOs and Exchanges. [read more at CoinCentral.com …]
CryptoSmartEsq Note: Another major area not mentioned in this article, of course, are the copyright, trademark and patent lawyers working in this space as well. Legally trained technologists who enter every sector will have a leg up on the competition. From healthcare to environmental law and everything in between. The financial sector is an obvious focus given that the first use case for blockchain technology was cryptocurrency. But with each new use case across sectors, we will see legally trained technologists making a significant impact in how the law develops and is interpreted.
The CFTC has said bitcoin is a commodity and believes that designation gives it authority to look for fraudulent trading on exchanges, even if the venues aren’t subject to the panoply of rules that futures markets face.
The CFTC in May issued a warning spelling out expectations for approval of new cryptocurrency derivatives. The CFTC said “a heightened level of monitoring” of the bitcoin market is “warranted” for exchanges that want to launch new futures products. [read more at WSJ.com …]