Bitcoin
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Finance
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
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]
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Finance
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.
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Morning Docket
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]
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Tax Law
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
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]
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Biglaw, In-House Counsel, Sponsored Content
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
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]
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Morning Docket
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]
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Morning Docket
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]
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Biglaw
Crypto Hypocrisy
We should not expect corporate America, even those with a 'green' ethos, to manage their addiction to speculative finance. -
Morning Docket
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]
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Morning Docket
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]
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Biglaw
Biglaw Powerhouse To Accept Bitcoin As Payment
It's a bold move, but it's the way of the future. -
Morning Docket
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]
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Morning Docket
Morning Docket: 07.12.19
* Conviction sends Bitcoin boss from blockchain to chain gang. [Law360]
* Remember Popkin & Stern? Probably not since it collapsed in 1991. Its wild bankruptcy tale is finally coming to an end after art fights and marriage proposals. [Stltoday]
* Drug smugglers are now suing their lawyers for saying they knew Alex Acosta but failed to get an “Epstein deal.” This “Rule of Law” thing is not going well, folks. [Miami Herald]
* Effort to quash the House subpoena of Trump’s accountants heads to the DC Circuit today where new judge Neomi Rao will have an early opportunity to cook up some kooky ramblings to justify a purely political decision. [National Law Journal]
* Andrew Cuomo steps up to disenfranchise voters to shield his political stooges. [Sunnyside Post]
* Municipality hacks keep striking and it’s a real problem for everyone’s privacy. [Legaltech News]
* R. Kelly arrested on new charges. [Huffington Post]
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Non-Sequiturs
Non-Sequiturs: 07.01.18
* Having placed Justice Anthony Kennedy’s Supreme Court retirement in political context, let’s now put it into historical context. [Retropolis / Washington Post]
* This makes some folks quite upset, but there’s no denying it: the Roberts Court is now truly the Roberts Court (and he probably isn’t thrilled about it either). [Empirical SCOTUS]
* Kathryn Haun — a former Kennedy clerk, by the way — has parlayed her expertise in Bitcoin, developed during her years as a federal prosecutor, into a new position leading Andreessen Horowitz’s $300 million fund focusing on cryptocurrency-related startups. Congrats, Katie! [Axios]
* Let’s not forget about President Trump’s transformation of the lower federal courts — because it’s not just about SCOTUS. [The Takeaway / WNYC]
* Check out Susman Godfrey’s new mandatory retirement policy — could this become the industry standard? [Texas Lawyer]
* Yes, the First Amendment is awesome and all — but is it also encouraging errors in news reporting, as Charles Glasser suggests? [Daily Caller]
* Speaking of mistakes, Ed Whelan sets Ben Shapiro straight on Judge Brett Kavanaugh, a leading contender to replace Justice Kennedy. [Bench Memos / National Review]
* President Trump says he wants to pick a SCOTUS nominee who could serve on the Court for 40 years or more — and if you take the five youngest names on his list of 25, it’s entirely possible. [Althouse]
* This should come as no surprise, but now law firms are joining the chase after data scientists. [Artificial Lawyer]
* Congratulations to the Practising Law Institute (PLI) and Fastcase, innovators in their respective spaces, on their new alliance. [Dewey B Strategic]
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Morning Docket
Morning Docket: 03.01.18
* The NFL is going to ask Jerry Jones to reimburse legal fees spent on Roger Goodell’s contract negotiations because Jones — prudently and responsibly — argued that the league had an obligation not to rubber stamp a multi-million dollar extension to this idiot. You’ve got to hand it to Goodell… he’s made Jerry Jones a sympathetic figure. [NPR]
* Tim Kaine is leading a handful of Democrats in an effort to make it harder to enforce anti-discrimination laws in the housing market. Oh. [Huffington Post]
* Kirkland & Ellis is out there doing crazy stuff to bolster revenue… and it’s working. [Law.com]
* SEC reportedly issuing subpoenas in crackdown on fraudulent ICOs. Apparently, the agency is concerned that some companies handing out magic beans may not be on the up and up. [Bloomberg Markets]
* Alston & Bird tagged by jury as 32 percent liable for its role in enabling millions in ill-gotten gains. [Daily Report Online]
* Harvey Weinstein’s carrier refuses to cover his legal bills. Apparently “Chubb” doesn’t cover horny men accused of misconduct which seems ironic. [Variety]
* A dive into just how badly the Supreme Court kneecapped detained immigrants and their attorneys this week. [VICE News]
* The first editorial from the American Lawyer’s Young Lawyer Editorial Board tackles sexual harassment in the legal industry. [American Lawyer]
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Technology
Seriously, Lawyers, What Should We Do About Cryptocurrency?
Is Bitcoin a Ponzi scheme? Should the SEC take over? Take this quiz and let us know what you think. -
Technology
Blockchain: Building Trust In Transactions
Immutability is one of the unique properties about blockchain technology. How can it positively impact the practice of law?