Biz Blocks
How will Social Finance (SoFi) impact the Future of Work for GenZ?
Social Finance, aka SoFi, is the newest buzz word in the world of Web3. Combining the global user base of established social media platforms with decentralized finance (DeFi) could become a major force pushing the adoption of blockchain technology into mainstream hubs. Already, ...read more
Unbanx the world
Unbanx is an Irish led platform that taps into the billion dollar data market. Monetising is no longer a new topic as big corporations make millions monetising personal data. Unbanx is building a data union that allows individuals earn from data using blockchain technology to ...read more
A Blockleaders Guide: Here’s What Makes the NEAR Ecosystem so Great
Near Protocol’s user-friendly interfaces make it easy for novice blockchain users to set up everything from a simple wallet to an NFT marketplace. Blockleaders tested the system, and we can say the platform is living up to expectations. And with a recently completed funding round ...read more
MEW Survey finds half of Eth Wallet users prefer mobile
MEW, the leading platform for accessing the best of the Ethereum ecosystem, today announced findings from their first customer survey. Respondents claimed that high security, ease-of-use, and additional services offered through mobile applications would be the most important ...read more
Understanding yield farming
YIELD farming, also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means locking up cryptocurrencies and getting rewards, writes Eburu Dearie Oghenenyerhovwo. In some sense, yield farming can be paralleled with ...read more
Future of FinTech and financial services reform in Australia
Biz Blocks by Michael Bacina, Partner Piper Alderman Lawyers | Sep 21/2020 ASIC has announced in the ASIC Corporate Plan 2020-24 (Focus 2020-21) that a new nation-wide ASIC working group has been set up to disrupt and deter scams such as cyber misconduct and crypto-related scams ...read more
ASIC using AI to manage scams
Biz Blocks by Michael Bacina, Partner Piper Alderman Lawyers | Sep 12/2020 ASIC has announced in the ASIC Corporate Plan 2020-24 (Focus 2020-21) that a new nation-wide ASIC working group has been set up to disrupt and deter scams such as cyber misconduct and crypto-related scams ...read more
Louisiana lauds legislation establishing licensing regime for virtual currency businesses
Biz Blocks by Michael Bacina, Partner Piper Alderman Lawyers | Jun 26/2020 The Governor of Louisiana has recently signed and made effective the legislature HB701, the Virtual Currency Businesses Act, to regulate and license virtual currency businesses. Sponsored by state Rep. ...read more
Australian PM considers the importance of Blockchain during COVID
Biz Blocks by Michael Bacina, Partner Piper Alderman Lawyers | Jun 19/2020 On 15 June 2020 the Prime Minister of Australia, the Hon Scott Morrison, announced that he is bringing the existing Deregulation Taskforceinto the Department of the Prime Minister as part of the Job Maker ...read more
Security Token liquidity: Are we there yet? Are we there yet? When are we going to get there?
Biz Blocks by Michael Bacina, Partner Piper Alderman Lawyers | Jun 12/2020 For the last few years, the potential for security tokens to disrupt traditional financial markets has been a beacon of hope to blockchain enthusiasts and investors and a mantra chanted at many blockchain ...read more
Banque de France Finishes First CBDC Test
Biz Blocks by Michael Bacina, Partner Piper Alderman Lawyers | Jun 05/2020 The Bank of France has announced the successful completion of a central bank digital currency test. While details are scarce, it seems that not unlike experiments carried out by our very own Reserve Bank ...read more
US Congressman proposes National Blockchain Strategy
Biz Blocks by Michael Bacina, Partner Piper Alderman Lawyers | May 29/2020 Blockchain continues to be on the agenda in the US House of Representatives, with Rep. Brett Guthrie (R-KY) introducing a bill calling on the Federal Trade Commission (FTC) to survey the prevalence of ...read more
VISA determined to patent digital fiat currency
Biz Blocks by Michael Bacina, Partner Piper Alderman Lawyers | May 22/2020 A patent application filed by Visa to create a digital currency on a blockchain has been published by the United States Patent and Trademark Office (USPTO). The patent was filed on 8 November 2019 in the ...read more
Blockchain remote voting tools considered by US Congress
Biz Blocks by Michael Bacina, Partner Piper Alderman Lawyers | May 22/2020 A US Senate Staff Memo has revealed that the US Congress is considering the adoption of a remote participation and voting system. The Memo prepared by the Subcommittee Staff members stated that: "In 1918, ...read more
Blockchain brings trust to commercial drones says US Department of Transportation
Biz Blocks by Michael Bacina, Partner Piper Alderman Lawyers | May 15/2020 The US Department of Transportation has issued a report on the benefits of blockchain in addressing the challenges of tracking, enforcement of flight violations, and managing interference vulnerabilities ...read more
Libra Association amends whitepaper: controversial changes or sensible simplification?
Biz Blocks by Michael Bacina, Partner Piper Alderman Lawyers | April 24/2020 Since its initial announcement in June 2019, the Libra Association has been hammered by international governments and regulators about concerns over the initial proposal and seen partners threatened if ...read more
Telegram request for injunction clarification falls on deaf ears
Biz Blocks by Michael Bacina & T Skevington, Partner Piper Alderman Lawyers | April 02/2020 Following the New York District Court's grant of a preliminary injunction preventing Telegram from issuing its GRAM tokens on 24 March 2020, Telegram's request for clarification has been ...read more
Criminals capitalise on COVID-19 concerns to steal crypto
Biz Blocks by Michael Bacina, Partner Piper Alderman Lawyers | April 03/2020 Cybercriminals seem incapable of passing up an opportunity to made a bad situation worse, as the number of coronavirus-themed domain registrations associated with scams skyrockets. The most common theme ...read more
Binance cut cord of leveraged tokens due to lack of user understanding
Biz Blocks by Michael Bacina, Partner Piper Alderman Lawyers | April 01/2020 In a series of tweets, Changpeng "CZ" Zhao has stated that leveraged FTX tokens which were listed two months ago on Binance.com will now be removed as there were too many users that had suffered ...read more