NFTs in the metaverse – Lexology
Over the past two years, headline news about the astronomical sales prices achieved for newly minted “Non-Fungible Tokens” or “NFTs” from popular artists and content creators...
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Dubai Court Rejects Bitcoin Claims Lacking Evidence of Crypto Wallet Ownership (and Solutions for Digital Asset Disputes in the UAE)
Dubai Court rejects claim for loss of 608 Bitcoins due to lack of proof of ownership of crypto wallet. Dubai Primary Court rules: “…the plaintiff had...
Liability exposure for blockchain software developers may be expanded
The responsibility of software developers to write blockchain software has been addressed in two recent developments. Craig Wright, who claims to be Satoshi Nakamoto (the developer...
My NFT has been stolen, what do I do? : Avoiding Crypto/NFT Scams and Theft (Part 2 of 2)
As we outlined in Part 1 of this two-part series, cryptocurrency and NFTs increasingly offer opportunities for fraudsters to profit from unsuspecting victims. Often promising large...
[IP CHINA] Xu Beihong painting and the NFT copyright dispute
Recently, an NFT copyright dispute of Xu Beihong’s 8 most representative works has led to discussion among China. Xu is a very famous artist in the...
OCC Highlights Focus on Crypto and Bank-Fintech Partnerships, Expects Stricter Scrutiny Ahead
On September 7, Acting Comptroller of the Currency Michael Hsu discussed the long-term threats to confidence in banking in remarks at the TCH + BPI Annual...
China’s Blockchain Development and Opportunities
Some of my favorite speaking engagements in recent months have been on blockchain development. Blockchain technologies are inherently international, and China has had its share of...
OCC is watching closely as a bank and fintech partner
On September 6, Acting Comptroller of the Currency Michael Hsu warned that fintech and big tech partnerships and their forays into payments and lending could lead...
Brands are introducing new Blockchain technologies to fight counterfeiting
Counterfeits in the fashion industry are on the rise The global luxury resale market in 2021 was valued at USD 32.61 billion and is likely to...
OCC orders bank to improve oversight of fintech partnerships
Recently, a national bank disclosed an agreement reached with the OCC that requires the bank to improve oversight and governance of third-party fintech partnerships. According to...