Non-fungible tokens (NFTs) are the hot craze. While the initial coin offering (“ICO”) craze of 2017-2018 fizzled out in the face of government enforcement actions, a resurgence in the global market for bitcoin and the new category of NFTs is fueling a new boom in digital assets as mainstream interest increases. Recently, Christie’s became the …
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Cryptocurrencies – Risks, Opportunities and Rewards
Cryptocurrencies such as bitcoin, ethereum and dogecoin saw a record $9.3 billion inflow in 2021. Governments and regulatory bodies are racing to keep up with the explosion of cryptocurrencies, marketplaces and exchanges, and other digital assets such as NFTs. Thomson Reuters is hosting a two-day conference discussing risks and rewards for the global crypto community. …
FinTech and the Future of the Transactional Practice
Did you know that El Salvador adopted bitcoin as the country’s official currency earlier this month? How about that non-fungible tokens (NFTs) generated $2.5B in sales during the first half 2021? With digital currencies and transactions more prevalent than ever before, the financial world is on the precipice of significant change. We’re in the early …
CryptoKitties, Fashion Law & How Law Firms Can Use Blockchain
We’ve all likely heard about bitcoin and cryptocurrencies, but how about cryptokitties? Apparently, virtual cats can be bought and sold on platforms using blockchain technology, which securely tracks digital transactions. Virtual cats aside, blockchain has tantalizing potential for a number of legal applications, owing to its unique abilities to create records that are resistant to …
ILTACON Panel Recap – The Promise of Blockchain
Blockchain and distributed ledgers will transform contracts and transactions in finance, banking, insurance, real estate and other industries with complex supply chains. The promise of the distributed nature of blockchain is that it eliminates many costs and risks from large-scale transactions. And it will also create new roles for lawyers capable of understanding the unique …
Jason Thomas joins new Coin Center advisory board
Jason Thomas, manager of Innovation at Thomson Reuters, has joined the advisory board of Coin Center, a non-profit research and advocacy organization focused on the public policy issues facing cryptocurrency technologies. Based in Washington, D.C., the organization seeks to inform and act as a resource for policy makers and media outlets on digital currency technologies, …
Jason Thomas delivers keynote at LegalTech New York
Jason Thomas, manager of Innovation for the Government segment of Thomson Reuters, kicked off LegalTech New York this morning, setting the tone for an exciting week. His keynote, titled “TOR, Bitcoin, Silk Road and the Anonymous Web: Drugs, Bombs and Murder-for-Hire,” had attendees on the edge of their seats at the Midtown New York Hilton …
Thomson Reuters speaks at DC event: “Cryptocurrencies: the new coin of the realm?”
With the growing demand for digital (or crypto) currencies since its inception in 2009 with Bitcoin and the recent takedown by government authorities of the illicit online site, SilkRoad, a group of esteemed experts will discuss this intriguing topic at the New America Foundation in Washington, DC on February 11, 2014. One of the presenters …