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DELAWARE COURT AWARDS $25M TO DIAMOND FORTRESS TECHNOLOGIES FOR BREACH OF CRYPTO-PAID CONTRACT

In a recent opinion in Diamond Fortress Technologies, Inc. v. EverID, Inc., the Superior Court of Delaware made a novel ruling clarifying the calculation of damages for breach of contract denominated in cryptocurrency. Not only did the Court endorse CoinMarketCap as “a reliable cryptocurrency valuation tool,” but it also adopted the New York Rule whereby…

Two Defendants Charged In Non-Fungible Token (“NFT”) Fraud And Money Laundering Scheme

Defendants Executed a $1 Million NFT Fraud Scheme in January 2022, and Were Preparing to Execute a Second Prior to Their Arrests Damian Williams, the United States Attorney for the Southern District of New York, Thomas Fattorusso, Special Agent in Charge of the New York Field Office of the Internal Revenue Service, Criminal Investigation (“IRS-CI”),…

tZERO ATS Commences Trading of MarketSpace Capital’s Myra Park Digital Security, Marking the Second Security to Trade on the Regulated Venue in a Month’s Span

NEW YORK--(BUSINESS WIRE)--tZERO, a leader in blockchain innovation and liquidity for digital assets, announced today that trading of digital securities representing equity in the Spot @ Myra Park, a real estate development project in Dallas, Texas being developed by MarketSpace Capital, has commenced on the tZERO ATS. This will be the first security to commence…

SEC Warns DeFi Developers

Decentralized finance projects are disrupting the finance industry by offering consumers the prospect of market-beating returns.  De-Fi software enables peer-to-peer lending of digital assets executed through smart contracts. Unlike traditional financial products, loans made using De-Fi protocols are not administered by any centralized entity, resulting in ambiguity as to the application of legal standards drafted…

Bull Blockchain Law – A Leading Cryptocurrency Law Firm

Established in 2018 and headquartered in Philadelphia, Pennsylvania, Bull Blockchain Law, LLP is essentially a cryptocurrency law firm focused on providing legal services to businesses in blockchain technology, digital assets, virtual currency activities, and other emerging technologies. It also specializes in tokenized investments, intellectual property, and ICO remediation. Among broader categories, the cryptocurrency law firm…

How do Non-fungible Tokens Work?

First of all, what is a non-fungible token or NFT? It’s a unique cryptographic token that exists on a blockchain. They are getting so much attention because they can’t be replicated and so they can represent real-world items like artwork and real estate. Non-fungible tokens can also represent individuals’ identities, property rights and more. …

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