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   412

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.

Barclays to Freeze Crypto Trading Project

This is reported by two anonymous sources to Financial News London
15 October 2018   197

One of the largest UK bank Barclays has suspended work on its own crypto-trading project, Financial News reports citing two sources familiar with the situation.

Earlier this year, the bank gathered a high profile team to explore opportunities for cryptocurrency trading as part of its own business. However, according to one source, the initiative was “frozen”.

The former head of Barclays for energy trading, Chris Tyrer, who headed the “digital assets project,” left the bank in September after management decided to freeze the initiative.

Together with Tyrer, the macro-strategy in the field of foreign exchange and emerging markets was Marvin Barth, Senior Technical Specialist Lee Brain, and Consultant Matthew Jobb Duval.

Their task was to determine whether cryptocurrencies are an asset class with far-reaching prospects, whether Barclays customers are interested in them and what type of IT infrastructure will be needed to work with them, the source said.