Judge Orders Trading Firm, CEO to Pay $2.5 Million in Bitcoin Ponzi Case

The Commodity Futures Trading Commission has won a legal battle against a New York resident and his company for running a Ponzi scheme centered around bitcoin. Between 2014 and early 2016, Gelfman Blueprint, Inc. (GBI) and its CEO Nicholas Gelfman ran a scheme wherein they successfully solicited $600,000 from 80 customers, claiming that customers would earn […]

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Georgia Becomes Latest State to Consider Bitcoin for Tax Payments

Two state senators in Georgia have proposed a bill that would allow citizens to pay their tax obligations in bitcoin, marking the second legislative effort of its kind to emerge this year. Public records show that the measure submitted on Feb. 21 by senators Michael Williams and Joshua McKoon would, if passed, tweak the rules governing the […]

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2017: A Legal Renaissance, Blockchain Style

Joshua Ashley Klayman is co-head of global law firm Morrison & Foerster LLP ‘s Blockchain + Smart Contracts Group and chairs the Wall Street Blockchain Alliance Legal Working Group. The following article is an exclusive contribution to CoinDesk’s 2017 in Review, and represents the author’s personal views, not necessarily those of her employer. The year that […]

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