Attorney, ETHNews | email@example.com
Jeffrey K. Berns is the Managing Partner and head of the Los Angeles office for Berns Weiss Inc. Over the course of his 25-year legal career, he has tenaciously fought for the rights of consumers, concentrating his practice on consumer lending and consumer fraud class actions. Among his other accomplishments, he led a group of 20 law firms that prosecuted cutting-edge class action cases against financial institutions, such as Countrywide, Wells Fargo, and JPMorgan Chase, concerning destructive negative amortization loans that unknowingly caused borrowers to assume tens of thousands of dollars of additional debt. These efforts led to settlements comprising hundreds of millions of dollars in cash payments and substantial loan modification relief. Visit www.law111.com for more info.
Oct 30th, 2017
The blockchain ecosystem has very few free and uncompromised media sites through which information flows. Due to a sharp increase in ICOs and the desire of many ICO issuers to generate publicity for their offerings, many blockchain “news” organizations have been increasingly willing to abandon their journalistic integrity by publishing paid promotional content, without disclosing the source of the content. ETHNews has never taken a cent for any content that it publishes, and we are hopeful that all other media sites in the blockchain community will do the same going forward.
Aug 18th, 2016
In light of the recent hacking incident that resulted in the theft of approximately $70 million, Bitfinex chose to reduce customer deposits by 36% to equally distribute the losses. This solution raises substantial concerns.
Aug 11th, 2016
Venmo and other web-based social-finance apps are growing in popularity, but they generally have substantial limitations because of the internet's functionality. Blockchain technology removes these limitations, and will be at the forefront of transforming the way in which value is transferred between individuals throughout the world.
Aug 6th, 2016
Iowa’s approach to creating an environment for attracting high density load companies to the state stands in stark contrast with Washington’s decision to raise electricity rates for them. Regulators should be mindful of balancing their short-term financial goals with the need to attract and maintain innovative businesses.
Aug 3rd, 2016
Bitfinex was recently hacked resulting in the theft of approximately 119,756 bitcoins. In June 2016, the CFTC issued an order against Bitfinex to protect consumers and comply with law and regulations, but achieved an opposite result.
Jul 30th, 2016
Media and governments are acting irresponsibly in tying virtual currency to recent wave of violent attacks.
Jul 26th, 2016
The AML Proposal, which would add virtual currency exchanges and custodial wallet providers to the existing AML framework, to “ensure increased transparency of financial transactions and of corporate entities,” requires exchanges and wallet providers to collect and monitor personal customer information as well as report suspicious transactions.
Jul 26th, 2016
Today the Ethereum community reached a consensus and implemented a successful “hard fork” of the Ethereum blockchain, which provides for the return of funds that were previously lost as a result of the exploitation of the DAO. There will unlikely be any legal consequences resulting from the implementation of this hard fork.
Jul 22nd, 2016
A bipartisan virtual currency resolution, House Resolution 835 (H.R. 835), was introduced by Rep. Adam Kinzinger and co-sponsored by Rep. Tony Cardenas on July 14, 2016. It represents one of the first federal legislative attempts in the U.S. to regulate this area of newly developing technology.
Jul 20th, 2016
EtherIndex LLC filed a Registration Statement and Prospectus with the SEC to offer an exchange traded fund based solely on the price of Ether. Actions like this continue to cement Ether’s standing in the Virtual Currency Community.
Jul 15th, 2016
The US government has provided guidance on the treatment of virtual currencies, which has resulted in controversy. However, new legislation is on the horizon which will have a positive effect on Ether and Bitcoin prices.
Jun 20th, 2016
Weighing in on the DAO Hack: This hack only impacts the DAO, and not the Ethereum blockchain. The blockchain does not have the same vulnerabilities as the DAO, but we as a community, need to decide how best to respond to this situation.
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