As the weather gets colder and we approach the winter, the cryptosphere continues to be a chaotic wild west of sorts. Front and center in this week’s volatile activity has been FTX. What began with a headline announcing Binance’s plan to acquire FTX soon turned into a week-long saga of unprecedented chaos culminating with FTX, … Continue reading THE MOST GENEROUS BILLIONAIRE IN THE WORLD & A MAN OF THE PEOPLE: SAM BANKMAN-FRIED (SBF) COMMITS THE BIGGEST CRIME OF THE CENTURY💸
Breaking news in the Web3 space, the SEC is now probing crypto leader Yuga Labs over unregistered offerings, specifically the leader’s NFTs and ApeCoin, a cryptocurrency issued by ApeCoin DAO that was adopted by Yuga. At issue is whether non fungible tokens (NFTs) are investment contracts and thus securities. To determine whether NFTs are securities, … Continue reading Webs Galore in Web3: NFTs in the SEC’s Eye
Beginning on September 29th, Binance, the largest cryptocurrency exchange by volume, will start to automatically convert any existing user balances and new deposits of USDC (USD Coin) (the second-ranked stablecoin after USDT), USDP (Pax Dollar), and TUSD (True USD) into its own stablecoin—Binance USD (BUSD). When these stablecoins are cashed in that dollar is used … Continue reading Bold Binance: Binance to Convert Users’ USDC Holdings to BUSD
For years, the U.S. Patent and Trademark Office (USPTO) has shut down Ohio State University’s trademark application for the word “the” on the grounds that the trademark appeared to be used for “merely decorative manner” and as an “ornamental feature” rather than serving as a symbol distinguishing the University’s goods and identifying its source. Under … Continue reading Ohio State University Has Now Trademarked the Most Common Word in the English Language: Why the USPTO Granted the University the Exclusive Right to the Word “THE”
On March 31, 2022, the Securities and Exchange Commission (“SEC”) released Staff Accounting Bulletin No. 121 (“SAB 121”) to provide guidance for companies in their handling of crypto-assets and to provide investors with the knowledge to make informed decisions. Specifically, SAB 121 focuses on the reporting and disclosure requirements for companies who hold crypto-assets, as … Continue reading More Certainty or More Ambiguity for Crypto-Asset Regulation?
A Leader in Cryptocurrency Exchange, Binance is a cryptocurrency exchange where users can buy, sell, and trade crypto in the US. Binance is distinguished from other prominent trading platforms such as Coinbase in that it offers global crypto exchange services and offers trading, institutional benefits, and digital storage to more than just US users. Recently, … Continue reading Uncovering the Mystery of Crypto Markets: Binance
The Federal Trade Commission has been tasked with finding a solution to deceptive digital data practices at the hands of big tech companies. Indeed, algorithmic disgorgement would act as a deterrent in that companies would be penalized for unfair and deceptive data practices. Specifically, algorithmic disgorgement maintains that when companies collect data illegally, they should … Continue reading An Actual Deterrent: Algorithmic Disgorgement
If an NFT buyer does not garner exclusive ownership when buying an NFT then why even invest in an NFT in the first place? How does one even become an NFT creator or buyer? These questions are adding to the ambiguity surrounding the world of NFTs. As our traditional industries have already begun to partake … Continue reading The Legal Nuances of Fractionalized NFTs
**Published on the Vanderbilt Journal of Entertainment and Technology Law. Read Stephanie’s full post here. Art Basel is an international art fair staged in Miami Beach. Each year, the event features the best artwork from leading galleries across the world and brings together the best artists creating such works. Despite last year’s hiatus due to … Continue reading The Art Industry Gets Creative: Art Basel Features NFTs and Blockchain Art
Back in June, I wrote about a case concerning the issue of embedded social media posts, specifically Instagram. In that case, the court held that Instagram’s terms of use were insufficiently clear to allow users to escape liability for publishing Instagram content through the embed tool. The issue of embedded social media posts is still beckoning a … Continue reading The Social Media Saga Continues: Embedding Tools
on court with steph 