Insuring Cryptocurrency: Where Insurers Fear to Tread
3/10/21
By: Alexia Roney
When Janet Yellen, U.S. Treasury Secretary, called Bitcoin “extremely volatile” on February 22, 2021, the market proved her point as the cryptocurrency dropped a sixth of its value the next day. Yet, the cryptocurrency market, now worth …
Twitter Hack and the Lessons it Leaves Behind
7/21/20
By: Courtney Mazzio
Twitter fell victim to a major cyber attack on Wednesday, July 15, when the accounts for some of the world’s most recognizable public figures, executives and celebrities starting tweeting out links to bitcoin scams. The first public …
More Money Can Mean More Problems: The Evolution of Coverage for Cryptocurrency
9/20/19
By: Danny Walsh and Isis Miranda
Businesses, governments, and non-profits across the globe are implementing projects that leverage blockchain, a digital ledger technology, to improve their operations.
Cryptocurrency is one of the more controversial uses of blockchain technology. Although Bitcoin …
Next Up Libra: Regulating Cryptocurrency
7/23/19
By: David Molinari
Reluctance to accept cryptocurrency as a medium of exchange continues to focus, in substantial part, on the inability to regulate a virtual form of currency.
Cryptocurrencies were originally meant to be stateless entities, not beholden to legal …
SEC Holds Public Forum as Part of Increasing Efforts to Regulate Digital Assets, Cryptocurrency Exchanges, and ICOs
3/28/19
By: Jennifer Lee
The Securities and Exchange Commission will be hosting a public forum on distributed ledger technology and digital assets in Washington DC on May 31, 2019. This is a part of the SEC’s increasing efforts to regulate cryptocurrency …
Pass That Dutch: California Insurers Respond to Budding Cannabis Industry
7/2/18
By: Kristin Ingulsrud
California Insurance Commissioner Dave Jones announced on June 4, 2018 his approval of the Cannabis Business Owners Policy (CannaBOP) in California. The new CannaBOP program was designed for cannabis dispensaries, storage facilities, processors, manufacturers, distributors, and other …
Is Virtual Currency Here To Stay?
11/15/17
By: Matthew S. Jones
With the growing interest in Bitcoin, Ethereum, and Litecoin, it was only a matter of time the U.S. Securities and Exchange Commission (“SEC”) and Internal Revenue Service (“IRS”) weighed in on the legality of such “cryptocurrency”. …