At least that’s according to prominent blockchain industry attorneys, Angela Angelovska-Wilson and Lewis Cohen, who revealed exclusively to CoinDesk Friday that they have started their own law practice focused on the nascent industry. Called DLx Law LLP, the firm opened its doors this month, with offices in New York and Washington, D.C. Its founders, Angelovska-Wilson, previously general counsel and chief compliance officer at enterprise blockchain startup Digital Asset, and Cohen, a seasoned securities lawyer, aim to run the firm differently than the typical law practice, in a way that aligns better with the culture of the blockchain space. Continue reading Lawyers to Launch Blockchain-Only Law Firm
Anonymous blogger Bitfinex’ed, who markets his or her blog as a place for “exposing possible fraud by largest Bitcoin exchange, Bitfinex/Tether,” has reportedly hired D.C.-based lawyer Steven Palley as part of a potential legal battle between the blogger and the exchange. Bitfinex is currently the third ranked exchange by volume over a 24 hour period according to data from CoinMarketCap, trading a total of around $987 mln by press time. Continue reading Anonymous Blogger Lawyers Up For Alleged Legal Battle With Bitfinex
After reading about how a partner in one of the biggest and most prestigious international law firms was busted by an undercover US Federal Bureau of Investigations (FBI) agent for trying to garner Bitcoins in a corrupt transaction from a Silicon Valley tech company, it’s likely you won’t feel sad about smart contracts beginning to take over certain functions of lawyers. You might even secretly thank Ethererum’s co-inventor Vitalik Buterin, for it.
Buterin explained, “All transactions under Blockchain come with auditable trails of cryptographic proofs. Rather than simply hoping that the parties we interact with behave honorably, we are building Blockchains that inherently build the properties in the system, in such a way that they will keep functioning with the guarantees that we expect, even if many of the actors involved are corrupt.”