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Bitcoin Drops to Lowest Level Since Approval of ETFs
by Gunnar Larson 18 Jan '24

18 Jan '24

Cryptocurrency has dropped about 10% following ETF sign-off Bitcoin Drops to Lowest Level Since Approval of ETFs https://www.bloomberg.com/news/articles/2024-01-18/bitcoin-drops-to-lowest-… Bitcoin fell to the lowest price level since the US approved nearly a dozen exchange-traded funds that hold the cryptocurrency last week.

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A Former NSA Chief Caught SPAC Fever, and Investors Got Burned
by Gunnar Larson 18 Jan '24

18 Jan '24

A Former NSA Chief Caught SPAC Fever, and Investors Got Burned https://www.bloomberg.com/news/articles/2024-01-18/former-nsa-chief-keith-a… During his time with the US Army, General Keith Alexander ran top-secret spy operations in Iraq and Afghanistan, led the US’s efforts to develop offensive cyber capacity and, as director of the National Security Agency, endured criticism over the expansion of mass surveillance. But the cyber spymaster is quick to admit that he suffered a costly intelligence failure in unfamiliar territory: Wall Street.

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The Bitcoin Hype Is Back and About Just as Hollow as Before
by Gunnar Larson 18 Jan '24

18 Jan '24

The Bitcoin Hype Is Back and About Just as Hollow as Before https://www.bloomberg.com/news/articles/2024-01-18/bitcoin-price-surge-mask… Bitcoin mania seemed pretty much cooked last fall. Sam Bankman-Fried, the former chief executive officer of crypto exchange FTX, was convicted in November of orchestrating a massive fraud, and a few weeks later, Changpeng Zhao, co-founder of FTX rival Binance, pleaded guilty to federal money laundering charges and stepped down as CEO. With two of the wealthiest and most admired figures in the industry likely on their way to prison for crimes related to the basic operation of their respective company, the notion that any sane person would still choose the crypto roller coaster over the conventional financial system seemed close to unimaginable.

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BREAKING: Robinhood To Pay $7.5M To Exit Mass. Regulator Probe
by Gunnar Larson 18 Jan '24

18 Jan '24

BREAKING: Robinhood To Pay $7.5M To Exit Mass. Regulator Probe By Chris Villani Robinhood Financial LLC has agreed to pay $7.5 million and make sweeping changes to the "gamification" of its platform under a deal announced Thursday by Massachusetts securities regulators, ending a three-year-old case that saw the online trader unsuccessfully plead its case to the state's top appellate court. 1 document attached | Read full article » | Save to favorites »

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Mayors Call On Congress To Renew FCC Broadband Subsidy
by Gunnar Larson 18 Jan '24

18 Jan '24

Mayors Call On Congress To Renew FCC Broadband Subsidy <https://www.law360.com/technology/articles/1786729?nl_pk=2bd720dd-746c-4744…> By Christopher Cole Dozens of mayors are pressing lawmakers to replenish the Federal Communications Commission's Affordable Connectivity Program, which the agency has begun winding down as funds run low. Letter attached | Read full article » <https://www.law360.com/technology/articles/1786729?nl_pk=2bd720dd-746c-4744…> | Save to favorites » <https://www.law360.com/technology/articles/1786729?nl_pk=2bd720dd-746c-4744…>

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Trump Seeks 'Collusion' Evidence In Classified Docs Case
by Gunnar Larson 18 Jan '24

18 Jan '24

Trump Seeks 'Collusion' Evidence In Classified Docs Case <https://www.law360.com/fintech/articles/1786844?nl_pk=d2b3e7ef-ab62-4a62-80…> By Jack Karp Special counsel Jack Smith should be forced to hand over what Donald Trump insists is "evidence of collusion" by the Biden administration, the DOJ, intelligence agencies and even a Georgia district attorney's office involved in the prosecution of the former president over allegations that he swiped classified documents, Trump told a Florida federal judge Tuesday. Motion attached | Read full article » <https://www.law360.com/fintech/articles/1786844?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1786844?nl_pk=d2b3e7ef-ab62-4a62-80…>

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Civil Rights Groups Urge Senate To Prioritize Judicial Noms
by Gunnar Larson 18 Jan '24

18 Jan '24

Civil Rights Groups Urge Senate To Prioritize Judicial Noms <https://www.law360.com/fintech/articles/1786153?nl_pk=d2b3e7ef-ab62-4a62-80…> By Courtney Buble More than 100 civil and human rights groups are calling on the U.S. Senate to continue prioritizing the confirmation of judicial nominees, especially those with a commitment to civil and human rights. Letter attached | Read full article » <https://www.law360.com/fintech/articles/1786153?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1786153?nl_pk=d2b3e7ef-ab62-4a62-80…>

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Ex-OpenSea Staffer Tells 2nd Circ. Fraud Verdict Can't Stand
by Gunnar Larson 18 Jan '24

18 Jan '24

Ex-OpenSea Staffer Tells 2nd Circ. Fraud Verdict Can't Stand <https://www.law360.com/fintech/articles/1786454?nl_pk=d2b3e7ef-ab62-4a62-80…> By Elliot Weld A former manager at non-fungible token market OpenSea urged the Second Circuit to reverse his conviction for profiting from insider information, saying his thoughts about what image should be displayed on OpenSea's website were not the "property" of the platform. Brief attached | Read full article » <https://www.law360.com/fintech/articles/1786454?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1786454?nl_pk=d2b3e7ef-ab62-4a62-80…>

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Gen Digital's $1.6M False Claims Act Loss Upped To $53M
by Gunnar Larson 18 Jan '24

18 Jan '24

Gen Digital's $1.6M False Claims Act Loss Upped To $53M <https://www.law360.com/governmentcontracts/articles/1786867?nl_pk=4126fe73-…> By Dorothy Atkins A D.C. federal judge on Tuesday partially granted a request by the federal government to amend a judgment in a whistleblower False Claims Act case against Gen Digital Inc. for its alleged overcharges, scrapping a $1.6 million damages award and replacing it with a $53 million judgment. Opinion attached | Read full article » <https://www.law360.com/governmentcontracts/articles/1786867?nl_pk=4126fe73-…> | Save to favorites » <https://www.law360.com/governmentcontracts/articles/1786867?nl_pk=4126fe73-…>

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'Disruptive' Trump Threatened With Ejection From Libel Trial
by Gunnar Larson 18 Jan '24

18 Jan '24

Disruptive' Trump Threatened With Ejection From Libel Trial <https://www.law360.com/newyork/articles/1786708?nl_pk=ac5a3855-e47c-4403-be…> By Rachel Scharf A Manhattan federal judge on Wednesday threatened to eject Donald Trump from his ongoing defamation trial for making disparaging comments while writer E. Jean Carroll testified that the former president sullied her reputation in response to sexual assault allegations. Read full article » <https://www.law360.com/newyork/articles/1786708?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1786708?nl_pk=ac5a3855-e47c-4403-be…>

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