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In this issue: • Capital Markets Firsts for Blockchain Include Bonds, Security Tokens, Exchange Traded NotesCryptocurrency Cybercrimes and Enforcement Actions ContinueBlockchain Investment Continues as Businesses Expand Operations  Capital Markets Firsts for Blockchain Include Bonds, Security Tokens, Exchange Traded Notes By: Jaime B. Petenko According to an Aug. 10, 2018, press release, the World Bank and an Australian multinational bank are partnering to issue what is reported to be the first…
Ohio will soon have a law in place that provides a “legal safe harbor” from tort claims related to a data breach, to entities that have implemented and comply with certain cybersecurity frameworks. It remains to be seen whether any entity will ever be in a position to take advantage of the affirmative defense this law offers. Below is a summary of the key provisions, followed by comments on why the safe harbor is likely…
In this issue: • New Solutions Seek to Bring Cryptocurrencies Closer to Mainstream Blockchain Developments for Shipping, Food, Pharmaceuticals and Diamonds Cryprocurrency Scams and Enforcement Actions Perpetuate Uncertainty Analysis: Tezos Securities Class Action Survives Motion to Dismiss New Solutions Seek to Bring Cryptocurrencies Closer to Mainstream By: Jaime B. Petenko This past week, a leading operator of global exchanges, clearing houses, data and listing services announced that it has partnered with a…
In this issue: • New Blockchain Solutions Emerge in Banking, Trade Finance and Payment ProcessingMore Blockchain Enterprise Solutions AnnouncedBlockchain Continues Heavy Influence on Capital MarketsUpdate on Cryptocurrency Cybercrimes and Enforcement Actions New Blockchain Solutions Emerge in Banking, Trade Finance and Payment Processing By: Robert A. Musiala Jr. Blockchain continues to disrupt the financial services industry by enabling new products that promise to transform banking and payments. Binance, one of…
On June 22, the Supreme Court issued its highly anticipated decision addressing privacy in the digital age, holding that the government generally must obtain a search warrant supported by probable cause to search a target’s historical cell site location information (CSLI), which can provide a detailed record of an individual’s whereabouts. In siding with the petitioner, Timothy Carpenter, who was convicted and sentenced to prison based largely on 127 days of CSLI that placed him…
In this issue: • Price Manipulation Suspicions and Hacks Drive Market VolatilityTax Implications of Initial Coin Offering Events May Be EnormousEnterprise-backedBlockchain Rollouts Continue to Gain SteamForeign Regulatory and Market Environment Continues to Evolve Rapidly   Price Manipulation Suspicions and Hacks Drive Market Volatility By Stephanie N. Malaska Recent events have increased suspicion of cryptocurrency valuations and the reliability of cryptocurrency exchanges. The U.S. Commodity and Futures Trading Commission (CFTC)…
In this issue: • Blockchain for Supply Chain: SAP, FedEx See OpportunitiesEnterprise Ethereum Alliance Presents New Blockchain StandardsCryptocurrency Custody: Security on the Blockchain Scales Up  Blockchain for Supply Chain: SAP, FedEx See Opportunities By: Robert A. Musiala Jr. Established firms in the U.S. and abroad continue to move forward with initiatives to leverage blockchain to provide transparency, speed and security to supply chain management. Multinational software firm SAP recently announced plans…
For organizations of any size, making sense of the constantly evolving cyber risk landscape can seem daunting. With new threats materializing on a constant basis, it can be difficult for organizations to efficiently allocate resources and respond to security incidents. In BakerHostetler’s newly-released 2018 Data Security Incident Response Report, we use our experience from more than 560 security incidents to offer some suggestions on how to minimize your cyber risk footprint, including reduced liability following…
While the term “smart contract” has created some confusion, there is a growing buzz around these powerful and flexible software programs. With the support of a host of key players across multiple industry sectors spurring development, smart contracts continue to see an array of new applications. Partner Laura Jehl and Associate Brian Bartish detail some examples of these use cases and provide an overview of the technology behind smart contracts. They also discuss the risks…
Last week, Aetna agreed to resolve class action claims of privacy violations related to the disclosure of thousands of members’ HIV status. The agreement will require the insurance giant to pay over $17 million into a settlement fund, the majority of which will be distributed to members of the affected class and to develop and implement a “best practices” policy for the use of members’ protected health information (PHI), to bring an end to a…