NY Legal Firm to Launch Crypto Litigation Tracker

The tracker seeks to provide updates and information on all active legal proceedings in the United States involving cryptocurrency companies
02 April 2018   505

New York law firm Morrison Cohen LLP has launched a special tracker called MoCo Cryptocurrency Litigation, which tracks and updates information about all active litigation in the United States related to cryptocurrencies. This is reported by News Bitcoin Com.

At the time of publication there are information about 63 active processes in the tracker. The cases are arranged in chronological order and divided into several categories.

According to the idea of ​​the creators, with the help of a tracker, potential investors will be able to assess the company quick or to find out whether it is subject to legal proceedings. The service also provides links to all documents related to the listed cases, including final orders.

Currently, 27 of the 63 cases submitted are related to the suspension of activities, 24 are described as "Group claims and other private proceedings", another 18 cases - "Proceedings involving regulators".

It is noted that Morrison Cohen will also monitor the regulatory-related cryptocurrency claims of such agencies as the Securities and Exchange Commission, Commodity Futures Trading Commission, Financial Industry Regulatory Authority, and the New York State Department of Financial Services, in addition to “other regulatory announcements” including those made by executive order.

Reddit Founder to Share Thoughts on Crypto Winter

Alexis Ohanian believes that overall market fall allows to clean industry from speculators and its good for long-time health
22 February 2019   110

The prolonged fall in the cryptocurrency market allows the industry to get rid of speculators, freeing up space for real cryptocurrency enthusiasts. This was announced by the founder of the Reddit social network, Alexis Ohanian, in an interview with Yahoo Finance.

He noted that such mass cleaning is beneficial to the industry’s long-term health.

Now, it's still to be seen. But what's a strong signal to me is still some of the smartest people I know in tech are working on solving these problems. They're building companies that are built on blockchain. The hype is gone. The fervor is gone. But I think that's a good thing.
 

Alex Ohanian

Founder, Reddit

In February, Reddit attracted $ 300 million investment and reached an estimate of $ 3 billion. The Chinese holding Tencent ($ 150 million), investment firms Sequoia and Fidelity, as well as the musician Snoop Dogg, took part in the round of financing.

Earlier, the head of Pantera Capital, Dan Morehead, said that market participants should not worry about cryptosis, as the current situation opens up good prospects for the future development of the bitcoin and blockchain industry.

A similar point of view was expressed by the founder of Morgan Creek, Anthony Pompiano, in November 2018, stating that the bear market is throwing "tourists" out of the game.