Get Ready for 2017 – These Legal Precedents on Bitcoin Were Set in 2016

Get Ready for 2017 – These Legal Precedents on Bitcoin Were Set in 2016

2016 saw numerous important court decisions made which affect the Bitcoin industry as a whole. We consulted lawyers and researched the biggest court cases of the year, ranging from whether or not Bitcoin is money to the fate of Ross Ulbricht. Here’s what we’ve found. Is Bitcoin money? An age-old Bitcoin question returned to the spotlight in 2016: is....


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Celsius judge says court may look to UK consultation paper in absence of US g...

Judge Martin Glenn says U.K. legal principles may be “persuasive” in the absence of U.S. legal precedents in the complex case of the crypto lending platform’s bankruptcy. The lack of crypto regulation in the United States has long complicating the lives of users and service providers, and now a judge has acknowledged the pain the judiciary feels from its absence too. Chief United States Bankruptcy Judge Martin Glenn, the judge who is leading the Celsius case, said the court will look abroad for guidance in the case.Glenn wrote in an Oct. 17 filing in the Celsius case that:“Many, or....

Blockchain Industry In 2017: Ready For New Exploits

The year 2016 has been a very active year for the Blockchain with several ideas and innovations flooding the industry. We have seen different creations by a lot of companies emerge, all presenting their functional real case uses for the disruptive technology. Governments and banks have also not been left behind in the developmental processes of the Blockchain, as we have seen a number of tests and implementation of the Blockchain at these levels. Reviewing the year ending 2016, principal consultant at Bankcoin Reserve Pty Ltd, Thomas McAlister, says that we have seen great exposure for....

2017 Will be A Great Year For Save Haven Assets

There will always be a degree of rivalry between bitcoin and gold as the "king of safe haven assets". Comparisons between gold and bitcoin continue to be drawn, even though these two assets are not exactly alike. The outlook for both speculative assets is looking quite good for now, even though it is hard to predict what will happen next. Both assets can see significant value gains throughout 2017, even though it remains to be seen if that will be the case. Demand for non-currency assets is expected to soar in 2017. With the year 2016 being quite positive for both gold and....

Bitcoin Year in Review: The Top 10 Bitcoin News Stories of 2016

2016 has been a very exciting year, typified by a near constant demand for bitcoin wallets, a near doubling of its global market price, and the Bitcoin halving this past summer. 2017 looks like it can be the Bitcoin’s best year ever, but before we put 2016 into the history books, let’s review where we’ve been this year before we step into Year Nine of the decentralized digital currency age. Feel free to use this as a Bitcoin historical reference for where the community has been, through the years. Here are the top ten most-viewed and shared stories of 2016, not according to us, but....

16 Percent of Healthcare Companies to Have Commercial Blockchain Solutions in 2017

Over 16 percent of healthcare companies are ready to implement Blockchain in 2017 for commercial purposes. In a study titled “Healthcare rallies for Blockchains,” conducted by the IBM Institute for Business Value, 16 percent of the executives told IBM that experimental phases have come to an end and that their companies are ready to adopt, implement and commercialize Blockchain. In the survey conducted internationally, 200 major healthcare company executives revealed their thoughts on Blockchain technology and potential implementation strategies in the upcoming years. Researchers at IBM....