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Lines Crossed: From Enforcing to Breaking the Law

Last week, former Drug Enforcement Agency (“DEA”) agent, Carl Force, pleaded guilty to charges of money laundering, obstruction of justice, and extortion while investigating Silk Road’s illicit activities.  Force’s plea follows the guilty plea of Shaun Bridges, former Secret Service agent, who also used his insider role to pilfer hundreds of…

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Overstock Issues First Cryptosecurity

In January 2014, became the first major online retailer to accept payment in bitcoin. Less than eighteen months later, Overstock is now the first company to offer qualified buyers the option of purchasing private cryptosecurities, in the form of bonds. The corporate bonds will trade using Bitcoin’s blockchain protocol….

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Lessons From Mt. Gox Bankruptcy

MtGox Co., Ltd., once the world’s largest Bitcoin exchange company, is insolvent, bankrupt, and now history.  This bankruptcy (which I discussed yesterday) offers lessons to cryptocurrency startups. Mt. Gox’s fundamental lack of professionalism has become painfully clear since it filed for bankruptcy.  According to a Wired expose last year, former…

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