Pengtao Teng
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Despite the recent setback of having their Bitcoin ETF rejected by the SEC for the second time, the Winklevoss brothers remain undeterred in their efforts to bring cryptocurrency into the investment mainstream. Their latest project is the Virtual Commodity Association (VCA), a self-regulatory organization (SRO) for the virtual currency industry aiming to serve in the same capacity … Continue Reading
The Securities and Exchange Commission (the “SEC”) has taken to using humor and sarcasm to educate retail investors about the potential risks of purchasing tokens in initial coin offerings (“ICOs”). This week, the SEC issued a press release presenting “a hot investment opportunity.” The release pointed to a website touting the HoweyCoin—a fictional crypto token … Continue Reading
The recent Parity wallet “freeze” provides yet another example of a coding vulnerability in a smart contract (rather than a flaw in the underlying blockchain or cryptography) resulting in an exploit that compromises cryptocurrency worth millions. It again highlights some of the pitfalls of insecure code in the context of digital assets and raises questions … Continue Reading
Crypto Exchanges Join Virtual Commodity Association Seeking to Establish Industry Standards
By Pengtao Teng on Posted in CFTC, Cryptocurrencies, Digital Assets, Exchanges, Regulation: Federal
SEC Flexes Funny Bone in Fictional Token Offering
By Pengtao Teng on Posted in Government, Regulation: Federal, SEC, Securities, Token Sales
When Smart Contracts are Outsmarted: The Parity Wallet “Freeze” and Software Liability in the Internet of Value
By Pengtao Teng and Wai Choy on Posted in Cryptocurrencies, Cybersecurity, Ethereum, Smart Contracts, Software
