With the near unanimous passing of a bill that will explicitly recognize the right to trade stocks using a blockchain, Delaware is making a strong case for it being the blockchain-friendliest state. The Delaware Senate Bill 69, which won a majority vote in the Senate with 20 to 0 in…
While the federal government has taken a variety of different positions in regulating distributed ledger technology, there are several important trends that are emerging in states’ regulation of such technology: 1) States are increasingly scrutinizing digital currencies. States are moving forward with regulating digital currencies, especially with respect to…
On March 10, 2017, the Securities and Exchange Commission (“SEC”) rejected the highly anticipated Winklevoss twins’ COIN bitcoin exchange traded fund (“ETF”), causing the digital currency to plummet 18% in value, to $978.76, “the lowest intraday price in a month.” Then, on March 28, 2017, the SEC rejected a second…
Goodwin will host the Silicon Valley Ethereum Meetup’s monthly gathering on Sunday, May 7, 2017 at our office in Menlo Park, CA. Panelists Daniel Buchner, Head of Decentralized Identity at Microsoft, Andy Atkin, a voice in experimental psychology and healthcare IT, and Grant Fondo, Partner and Chair of Goodwin’s Digital…
Walmart is collaborating with IBM and Tsinghua University to trace an array of food products moving through its vast global supply chain with an emerging technology known as blockchain — a secure system of recording data that could have a transformative effect on the world’s economy. Digital Currency + Blockchain…
Many are expecting 2017 to be a great year for blockchain technology. As 2017 began, the price of Bitcoin, one of the most-recognized digital currencies using blockchain technology, rose to over $1,000 in the wake of market uncertainty surrounding Brexit, the U.S. election, and other global events. Moreover, while banks…
Last week, Circle announced major changes to its application and platform. While many focused on Circle’s decision to cut its users’ ability to buy and sell Bitcoin, the breaking news may have been its decision to create a payments platform called Spark that is akin to Paypal or Venmo, but…
Grant Fondo, Co-Chair of Goodwin’s Digital Currency + Blockchain Technology practice, recently spoke with The Recorder on the changing roles of lawyers in the blockchain space. The article addresses the challenges blockchain lawyers face due to the highly specialized, technical and constantly changing nature of the industry. As the industry evolves, blockchain lawyers not…
Blockchain, most notably linked to Bitcoin, is very much a technology on the rise. Blockchain has recently made its way to Wall Street, with the largest financial institutions clamoring to partner with buzzing fintech startups to gain an understanding of the ins and outs of the technology. Blockchain is normally…
For anyone who hasn’t got around to reading CoinDesk’s third quarter State of the Blockchain report, here are some highlights pertaining to startup investment. First, venture capital investment in blockchain startups is down 18% year-to-date. Based on CoinDesk’s data, a total of $114 million was invested by venture capital firms…