What Facebook’s Cryptocurrency Means: 6 Predictions

What does Facebook’s new cryptocurrency mean? According to news reports, Facebook will shortly launch Libra, a global cryptocurrency available to users of its suite of platforms (including Messenger and WhatsApp). Presumably any merchant with an account on these platforms could transact in the cryptocurrency with customers who also have accounts—for anything, such as online purchases, and physical-world […]

Naked Shorting In The Uber IPO: It Couldn’t Happen On A Blockchain

A curious thing happened during Uber’s troubled initial public offering last week: naked short selling of UBER shares by the banks involved in placing Uber’s IPO, according to several sources who confirmed this to CNBC. Normally, naked short selling is illegal. But it was legal in this case, and it gave the banks a chance to profit–as investors […]

Seismic News About State Virtual Currency Laws: ULC Urges States To Withdraw Model Act

“States are urged to refrain from enacting legislation pending the result of the committee’s work.” –Uniform Law Commission The Uniform Law Commission today asked states considering its proposed model act regarding virtual currencies to refrain from enacting it and competing legislation while a newly-established committee considers the impact of emerging technologies on the Uniform Commercial Code (the model […]

What Do Wyoming’s Blockchain Laws Mean?

Wyoming has now enacted a total of 13 blockchain-enabling laws, making it the only US state to provide a comprehensive, welcoming legal framework that enables blockchain technology to flourish, both for individuals and companies. These laws enable innovation and creativity, and are meant to bring capital, jobs and revenue into Wyoming. Law and technology are discrete […]

Wyoming Blockchain Update (2/3/19): Halfway Through

Motto for the University of Wyoming. Photo by Caitlin Long   Here’s a halftime recap for the Wyoming Blockchain Coalition’s 2019 legislative efforts. Eight bills that are enabling to blockchain technology have already passed in their originating chamber (House or Senate) and will cross over to the other chamber (Senate or House) this week, to […]