EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief Money
The world’s bureaucrats have been on a money creation spree and on July 21, the European Union approved an unprecedented $2.1 trillion coronavirus relief budget. Additionally, American leaders are in the midst of approving a new stimulus relief act amid July’s unemployment extension benefits expiring. Reports say that the estimated $3 trillion HEROES Act will pay American taxpayers another payout round similar to the last...
China’s Supreme Court Recommends Increasing Crypto Property Rights Protection
The supreme court of China has recommended increasing the legal protection of property rights, including digital currency ownership rights. The recommendations also focus on solving issues such as “the use of public power to infringe private property rights, illegal seizures, and freezing of private enterprise property.” China’s supreme court and the National Development and Reform Commission (NDRC) published...
Ethereum’s 2020 Defi Boom Doubles Active Ether Addresses, But Fees Skyrocket
The number of active Ethereum addresses has grown aggressively in 2020 because of the decentralized finance (defi) boom. Active Ethereum addresses doubled in size leaving networks like Tron, Cardano, and EOS in the dust. There’s a lot happening in the world of decentralized finance (defi) with things like synthetic bitcoin (WBTC), stablecoins, yield farming, decentralized exchange (dex) platforms, and more crafted on the...
‘Copyright Troll’ Lawyer Wants to Restart Pirate Honeypot From Prison
Last summer, a U.S. District Court in Minnesota sentenced Paul Hansmeier to 14 years in prison, to be followed by two years of supervised release. Hansmeier was a key player in the Prenda Law firm, which pursued cases against people who were suspected of downloading pirated porn videos via BitTorrent. While suing alleged pirates is not illegal, Prenda Law went much further. Over the years the firm faced negative court rulings over...
Warning for Twitter Users in Japan Following Supreme Court Copyright Ruling
With more than 330 million active users, Twitter is a true internet giant that gives anyone with an internet connection and an account to have their say on whatever they like. Whether insightful, provocative, or even thoughtless, the overwhelming majority of tweets cause no legal issues. Every now and again, however, cases can attract the attention of lawyers who believe their clients’ rights have been breached. Of course,...
