Bitcoin

While Bitcoin Keeps Hitting New Record Highs, Its Price Volatility Should Worry Long-Term Investors

No one has been able to satisfyingly articulate why demand for bitcoin will or should perpetually rise.

Morning Docket: 11.23.22

* It takes a village worth of billables: this Texas firm has Thanksgiving covered. [12 News Now] * You know these STOP WOKE laws will probably impact Republicans at some point, right? [The Atlantic] * Bad news for Bitcoin Bros: Looks like the normies with 9-5s were right. [CNBC] * Time to pay up Big Boy! [NYT] * The constitutionality of an Idaho law banning transgender athletes hits the 9th Circuit. Again. [Boise State Public Radio]

Like All Currency, Bitcoin Is A Collective Dream, And We All Just Shuddered In Our Sleep

Faith is what gives cryptocurrency its value, and a lot more people are going to be losing their religion after FTX's rapid, high-profile implosion.

Morning Docket: 11.14.22

* Juris Doctor and Doctor Doctor join forces to fight COVID misinformation. [Mercury News] * The practice of law is an art, no surprise it has produced artists too. [Daily UW] * Landlords usually win in court cases against their renters. Things might change with renters having a fairer chance. [Today.Uconn] * Lost oodles on Bitcoin? You should be interested in these JDs. [Business Insider]

Criminal Prosecutions Of Cryptocurrency And NFT Scammers Could Increase So That Victims Can Take Advantage Of Enhanced Tax Benefits

Even if there is no indictment, crypto and NFT fraud victims can still take a theft loss if they invested the money with the intent of making a profit.

Morning Docket: 01.31.22

* GULC's Black Law Student Association wants Ilya Shapiro's teaching contract revoked. My only question is, how do you get fired on your day off? [Newsone] * Swiper, No Swiping! Jersey has new heavy penalties for porch thieves. [UPI] * Another gun rights case could be headed to the Supreme Court soon if these 25 states get their way. [The Center Square] * Is recording officer arrests speech? The legality of a law meant to prevent interference with Miami officer's arrests may be unconstitutional. [Miami Herald] * An Arizona senator wants to make the state more crypto-friendly by recognizing Bitcoin as legal tender. I'll give it two weeks before an employee who makes $1500 a week sues for receiving a paycheck below the federal minimum wage because  the crypto-market tanks after a spicy Elon tweet. [CryptoPotato]

Recruiting In-House Talent In Fintech And Crypto: A Growing Challenge

For some industries, like Crypto, the disruption wrought by the pandemic has been a springboard to breakout growth.

Morning Docket: 05.24.21

* Tim Cook, the CEO of Apple, took the witness stand in a lawsuit filed by the maker of Fortnite. Wonder if he swore the oath on an iPad... [BBC] * An Egyptian court has permitted the Suez Canal to keep holding the ship that caused a blockage in the waterway earlier this year. [Reuters] * A lawsuit claims a worker aboard the Staten Island ferry was injured trying to stop a fight. [New York Post] * A federal prosecutor was injured by a stray bullet while dining out in Brooklyn last week. [New York Daily News] * Coinbase, the cryptocurrency exchange, is beefing up its legal team. After last week's dip, hope they aren't getting paid in Bitcoin... [Reuters]

Morning Docket: 05.14.21

* Judge Judy claims that expanding the Supreme Court is a "dumb idea." Maybe she would change her mind if the Supremes televised their arguments... [Hill] * A Virginia woman has been arrested for allegedly posing as a lawyer. [NBC News] * An Australian man has filed a lawsuit claiming that he invented Bitcoin. Strange, assumed Elon Musk invented it... [Reuters] * A lawyer alleged at a hearing earlier this week that Jeff Lowe of Tiger King fame would purportedly be willing to give up big cats. [Chicago Tribune] * A topless, passed-out Florida woman who was found behind the wheel of a car purportedly still asked for a lawyer before failing a field sobriety test. What a Florida story. [Fox News]

Morning Docket: 04.26.21

* The Supreme Court may soon hear a case involving a high school cheerleader's Snapchat rant. Really hope the justices find a way to quote the movie Bring it On... [Washington Post] * Reddit is facing a lawsuit for failing to remove child sexual abuse materials. [Verge] * A former lawyer has published a memoir detailing some of the ugly parts of the legal profession she witnessed during her career. [New York Post] * A lawsuit may soon reveal who the inventor of Bitcoin really is. [CNBC] * A disgraced South Jersey lawyer is accused of gambling away around $2.4 million he conned from investors in a scheme involving fake Eagles tickets. This New Jersey lawyer should be doubly shamed for seemingly not supporting the Giants... [Daily Voice]

Crypto Hypocrisy

We should not expect corporate America, even those with a 'green' ethos, to manage their addiction to speculative finance.

Morning Docket: 07.01.20

* Attorneys in DC can now accept cryptocurrency as a form of payment. As detailed in yesterday's Morning Docket, accepting cocaine as a form of payment is still off limits... [Bloomberg Law] * Florida's governor recently signed a new law requiring parental consent for abortions. [New York Daily News] * OAN has lost a defamation lawsuit against Rachel Maddow, and now they may have to pay the legal fees for her high-priced Biglaw attorneys. [San Diego Times] * A Baltimore family is suing a local restaurant for refusing service to them based on how they were dressed. [TMZ] * A judge has dismissed a New York lawyer's defamation lawsuit against someone who called him an "ambulance chaser" online. This attorney should brush up on his First Amendment law. [Westfair Communications]

Morning Docket: 05.27.20

* A teenager dubbed "Baby Al Capone" is being accused in a lawsuit of stealing tens of millions of dollars in cryptocurrency. Geraldo Rivera should see what's in this kid's vault... [New York Post] * A lawsuit about a teacher being fired because students had access to a topless photo of her has been allowed to proceed. [Newsday] * A class action against grill manufacturer Traeger went up in smoke because a class has not yet been certified in the matter. [Salt Lake Tribune] * A New Jersey judge who suggested that a woman could "close your legs" in order to prevent a sexual assault has been removed from the bench. [Newsweek] * The United States Attorney for the Eastern District of Texas resigned yesterday without an explanation for where he was going. [ABC News] * Check out this podcast about whether you can be replaced by a robot lawyer. Hope the machine overlords don't replace me as the Morning Docket writer. [ABA Journal]

Biglaw Powerhouse To Accept Bitcoin As Payment

It's a bold move, but it's the way of the future.

Morning Docket: 10.08.19

* The guy currently parading as the unconfirmed Homeland Security chief got shouted off stage at Georgetown Law. Prepare for the media consternation that students would treat a guy who daily condones illegal detentions with such rudeness. [New York Times] * Bitcoin's not a sound investment? Wha?!? [Law360] * Companies back LGBTQ rights in amicus brief in a bid to demonstrate that this really isn't a pro-business Court. [National Law Journal] * The legal industry is in flux, and some big investors are looking to get in on it. [Forbes] * Minority partners often relegated to non-equity tier. [American Lawyer] * Barnes & Noble doesn't have to produce documents about its own CEO's ouster. [Corporate Counsel] * Prime Minister's camp calls out head of Supreme Court for using "injudicious" language when she used a quote from... the Prime Minister. [Legal Cheek]