October 2024 - cypherpunks - lists.cpunks.org

Insurer Launches UK's 1st Cybercrime Recovery Service
by Gunnar Larson 18 Oct '24

18 Oct '24

Insurer Launches UK's 1st Cybercrime Recovery Service <https://www.law360.co.uk/financial-services-uk/articles/1890948?nl_pk=a94fc…> By Tom Fish Digital risk insurer Coalition has launched what it says is the U.K.'s first dedicated service for recovering cash stolen from cyberattacks — and has already recouped £1.4 million ($1.8 million) for a law firm. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1890948?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1890948?nl_pk=a94fc…>

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Barclays, NCA Lead Data Project To Target Sexual Exploitation
by Gunnar Larson 18 Oct '24

18 Oct '24

Barclays, NCA Lead Data Project To Target Sexual Exploitation <https://www.law360.co.uk/financial-services-uk/articles/1890911?nl_pk=a94fc…> By Eddie Beaver Barclays Bank and the National Crime Agency are leading a project to tackle sexual exploitation in the U.K. that involves organizations across both the public and private sectors sharing information with the agency to disrupt organized crime. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1890911?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1890911?nl_pk=a94fc…>

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Daily Mail Withdraws Articles In Privacy Battle With Tax Pro
by Gunnar Larson 18 Oct '24

18 Oct '24

Daily Mail Withdraws Articles In Privacy Battle With Tax Pro <https://www.law360.co.uk/financial-services-uk/articles/1890935?nl_pk=a94fc…> By Ronan Barnard The publisher of the Daily Mail will withdraw articles about an Alvarez & Marsal managing director's relationship with a billionaire, a lawyer for the senior tax professional told a London court on Thursday. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1890935?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1890935?nl_pk=a94fc…>

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BOE To Simplify Banking Rules To Boost Growth
by Gunnar Larson 18 Oct '24

18 Oct '24

BOE To Simplify Banking Rules To Boost Growth <https://www.law360.co.uk/financial-services-uk/articles/1890902?nl_pk=a94fc…> By Sam Tabahriti The Prudential Regulation Authority said Thursday that it intends to simplify key policy reforms introduced after the 2008 financial crisis that were designed to make bankers more accountable for wrongdoing or failings under their watch. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1890902?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1890902?nl_pk=a94fc…>

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StanChart Libor Decision Splits Bank And Investor Interests
by Gunnar Larson 18 Oct '24

18 Oct '24

StanChart Libor Decision Splits Bank And Investor Interests <https://www.law360.co.uk/financial-services-uk/articles/1891001?nl_pk=a94fc…> By Alex Davidson The High Court's landmark decision allowing Standard Chartered to use an alternative to Libor has provided certainty to contracts that fail to provide for the abolition of the benchmark rate, but gives investors less flexibility than they might consider the wording provides. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1891001?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1891001?nl_pk=a94fc…>

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Re: [spam][crazy][fiction][random] Non-Canon MCBoss Spinoffs
by Undescribed Horrific Abuse, One Victim & Survivor of Many 18 Oct '24

18 Oct '24

traffick boss and cyborg torturer are pulling daisies, in carts, to daisy festivals cyborg torturer: “we hope your hearts are as excited as these flowers seem to be to bloom!” traffick bo— — 1956 in — T_T we asked the same old question on reddit and got the same old answer “if this stuff is triggering for you do grounding exercises” it came from a super mind controlled survivee! honestly there is no good answer to “my group/experience prepped me for all the current grounding techniques” (although you are expected to get a better answer if you say that) but something is missing :s :s :< :> abababa bababa i should relax because s— 1959 baba bag(a) i am sorry that i am your mind, your karl, and i do not make sense. i am sorry for this! it is because (?parens added after: there is a part of me that is preventing it! it is a describable part. but it only describes (when the describing is happening, kind of).)

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Coinbase Scores Victory with Supreme Court Ruling on Federal Arbitration Act - Litigation Finance Journal
by Gunnar Larson 18 Oct '24

18 Oct '24

Check out my new article: https://litigationfinancejournal.com/coinbase-scores-victory-with-supreme-c… Coinbase Scores Victory with Supreme Court Ruling on Federal Arbitration Act - Litigation Finance Journal Litigation Finance Journal recently reported that Coinbase became the first US-based cryptocurrency company to argue a case in front of the Supreme Court. The June decision has been announced, and with a 5-4 majority in favor of Coinbase, the high court ruled “that an interlocutory appeal about one matter (arbitrability) bars the district court from proceeding on another (the merits).” CoinDesk says the ruling is a distinct legal victory for Coinbase, one that could impact future lawsuits against all companies in the United States. For over a century, the Federal Arbitration Act (FAA) has been part of user agreements to protect corporations from risk and expense associated with court battles to resolve customer claims. The decision does not represent any high-court conclusions on cryptocurrencies, outside of Coinbase being one of the associated parties. A lower court decision from the U.S. District Court for the Northern District of California denied Coinbase’s arbitration agreement approach. On appeal, the Ninth Circuit denied Coinbase’s motion to halt hearings while appeal is in progress. The Supreme Court’s decision in favor of Coinbase effectively stays any trial proceedings while appeal is in progress.

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Binance and Coinbase vs. the SEC - Litigation Finance Journal
by Gunnar Larson 18 Oct '24

18 Oct '24

Check out my recent article: https://litigationfinancejournal.com/binance-and-coinbase-vs-the-sec/ On June 5, 2023, the United States Securities and Exchange Commission (SEC) sued the world’s largest cryptocurrency exchange, Binance, for allegedly misleading investors and regulators while operating an unregistered exchange. One day later, the SEC sued the largest cryptocurrency exchange in the United States, Coinbase, for similar allegations. Now, litigation financiers around the globe look on as top law firms organize to defend Binance and Coinbase against the SEC. Bloomberg Law reports that Binance and Coinbase have tapped some of the United States’ top law firms to defend their future to exchange nearly $120B in cryptocurrency token assets. The SEC claims that most of these tokens sum up to unregistered securities. Binance and Coinbase deny any wrongdoing. Agencies such as Lipton, Rosen & Katz, Milbank, Latham & Watkins, Wilmer Hale and Sullivan & Cromwell are among those said to bank upwards of $50M – $100M in legal fees for Binance’s and Coinbase’s defense against the SEC’s recent actions. Sullivan & Cromwell is reported to have billed over $80M in fees associated with the FTX Chapter 11 bankruptcy litigation, according to court documents. The SEC says that unregistered securities in the form of cryptocurrency violate US investor protection laws. Yet, former SEC leaders have joined Binance’s defense team. Richard Grime (of Gibson Dunn & Crutcher) has been hired by Binance. Mr. Grime formerly served as assistant director of the SEC’s enforcement division. William McLucas (of Wilmer Culter Pickering Hale and Dorr) formerly served as the SEC’s enforcement director. Mr. McLucus has been hired by BAM Trading Services, the operator of Binance.US. What does all of this mean for the litigation finance industry? Experts suggest that private actions could be explored by litigation investors and their clients in the wake of the SEC’s approach to cryptocurrency tokens being exchanged as unregistered securities. However, collectability remains a pertinent issue for litigation investors, as they consider whether to pursue crypto litigation funding.

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Fwd: Bloomberg Coinbase Interview
by Gunnar Larson 18 Oct '24

18 Oct '24

---------- Forwarded message --------- From: Michael Briody (BLOOMBERG/ 731 LEX) <mbriody4(a)bloomberg.net> Date: Thu, Oct 17, 2024, 6:48 PM Subject: Re: Bloomberg Coinbase Interview To: <g(a)xny.io> Cc: <ftonin5(a)bloomberg.net> I am not in the ny office at the moment and unclear of what you would like me to ask ? Sent from Bloomberg Professional for iPhone ----- Original Message ----- From: Gunnar Larson <g(a)xny.io> To: MICHAEL BRIODY CC: FRANCESCO TONIN, cypherpunks(a)lists.cpunks.org At: 10/17/24 18:45:36 UTC-04:00 Michael: Okay. Can you ask around the office and get back to me, given the event tonight in New York City? Thank you, Gunnar ✌ On Thu, Oct 17, 2024, 2:04 PM Michael Briody (BLOOMBERG/ 731 LEX) < mbriody4(a)bloomberg.net <#m_3058925448158357256_>> wrote: > Not that I am aware of.. > > Michael J. Briody > Bloomberg Financial L.P. > FX & Crypto Markets Specialist > Twitter: @BriodyMike > Linkedin: www.linkedin.com/in/michaeljbriody <#m_3058925448158357256_> > > From: g(a)xny.io <#m_3058925448158357256_> At: 10/17/24 13:41:12 UTC-4:00 > To: Michael Briody (BLOOMBERG/ 731 LEX ) <#m_3058925448158357256_> > Cc: Francesco Tonin (BLOOMBERG/ 731 LEX ) <#m_3058925448158357256_>, > cypherpunks(a)lists.cpunks.org <#m_3058925448158357256_> > Subject: Re: Bloomberg Coinbase Interview > > Michael: > > I am wondering if our last correspondence specific to the Bloomberg > Coinbase interview had anything to do with the Bloomberg event in Chicago > yesterday? > > All the best, > > Gunnar ✌ > -- > Gunnar Larson > xNY.io - Bank.org > 917-580-8053 > > > On Thu, Oct 17, 2024, 1:22 PM Michael Briody (BLOOMBERG/ 731 LEX) < > mbriody4(a)bloomberg.net <#m_3058925448158357256_>> wrote: > >> Hi Gunnar, >> >> If would like to be more specific on the nature of the catch up I can try >> to put you in touch with the appropriate person as I do not work in the >> news division. >> >> Regards, >> Mike >> >> Michael J. Briody >> Bloomberg Financial L.P. >> FX & Crypto Markets Specialist >> Twitter: @BriodyMike >> Linkedin: www.linkedin.com/in/michaeljbriody <#m_3058925448158357256_> >> >> From: g(a)xny.io <#m_3058925448158357256_> At: 10/17/24 11:50:24 UTC-4:00 >> To: Michael Briody (BLOOMBERG/ 731 LEX ) <#m_3058925448158357256_> >> Cc: cypherpunks(a)lists.cpunks.org <#m_3058925448158357256_> >> Subject: Re: Bloomberg Coinbase Interview >> >> Michael: >> >> I am watching this Bloomberg Live interview now (Former US President and >> Republican presidential nominee Donald Trump discusses his economic >> policies, immigration and the 2024 US presidential election. Bloomberg News >> Editor-in-Chief John Micklethwait speaks to Trump at an event with the >> Economic Club of Chicago): >> https://youtu.be/MyaHbUmVll4?si=d9P4EnfJu3NPajt0 >> <#m_3058925448158357256_>. >> >> Before I get ahead of myself in watching Bloomberg's journalism yesterday >> (and, for plausible deniability), I feel implored to re-investigate our >> last January 31, 2023 e-mail correspondence together. >> >> Michael, are you available to have a phone conversation today or tomorrow? >> >> Warm regards, >> >> Gunnar ✌ >> -- >> Gunnar Larson >> xNY.io - Bank.org >> 917-580-8053 >> >> >> On Tue, Jan 31, 2023, 8:09 PM Gunnar Larson <g(a)xny.io >> <#m_3058925448158357256_>> wrote: >> >>> No big deal. >>> >>> Was just a thought. >>> >>> Have a great night, >>> >>> Gunnar >>> >>> On Tue, Jan 31, 2023, 7:56 PM Michael Briody (BLOOMBERG/ 731 LEX) < >>> mbriody4(a)bloomberg.net <#m_3058925448158357256_>> wrote: >>> >>>> Yes I saw it, I thought it was a good conversation. I am on the product >>>> side of the the business you would have to reach out to legal via the >>>> website. >>>> >>>> best, >>>> Mike >>>> >>>> Michael J. Briody >>>> Bloomberg Financial L.P. >>>> FX & Crypto Markets Specialist >>>> Twitter: @BriodyMike >>>> Linkedin: www.linkedin.com/in/michaeljbriody <#m_3058925448158357256_> >>>> >>>> From: g(a)xny.io <#m_3058925448158357256_> At: 01/31/23 19:04:59 UTC-5:00 >>>> To: Michael Briody (BLOOMBERG/ 731 LEX ) <#m_3058925448158357256_> >>>> Subject: Bloomberg Coinbase Interview >>>> >>>> Dear Mike: >>>> >>>> Did you watch the interview on the David Rubenstein Show: Coinbase's >>>> Brian Armstrong Bloomberg.com: >>>> https://www.bloomberg.com/news/videos/2023-01-12/the-david-rubenstein-show-… >>>> <#m_3058925448158357256_> >>>> >>>> The interview was done last December, before the 100M settlement was >>>> done with NY-DFS. In the interview, Mr. Armstrong makes several false >>>> claims to Coinbase's compliance and overall integrity. >>>> >>>> This is somewhat problematic with overall integrity to their future of >>>> digital asset innovation cross border. xNY.io - Bank.org was thinking of >>>> exploring New York's false claims act on the interview. >>>> >>>> Wanted to see if Bloomberg wanted to join us on this pursuit? >>>> >>>> Thank you, >>>> >>>> Gunnar >>>> >>>> Gunnar Larson >>>> xNY.io - Bank.org >>>> 646-454-9107 >>>> >>>> >>>> >> >

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Pending US Supreme Court Decision is a Coinbase Class Action Cliffhange - Litigation Finance Journal
by Gunnar Larson 18 Oct '24

18 Oct '24

Check out my new article: https://litigationfinancejournal.com/pending-us-supreme-court-decision-is-a… Coinbase’s business has been seminal to the legacy of cryptocurrency innovation. As the global digital asset marketplace continues to mature, Coinbase is tiptoeing between a group of class action lawsuits. Now, the United States Supreme Court is deliberating if Coinbase should be protected by mandatory arbitration. Benzinga reports that in March 2023, the U.S. Supreme Court appeared uncertain regarding whether to allow Coinbase to move to arbitration over class actions which had been launched against the firm. Executives at Coinbase argued that private arbitration is a win for business. The June decision by the Supreme Court will spell a new dynamic for cryptocurrency sector litigation. Some digital asset scholars predict that a lack of mandatory arbitration may devastate business dynamics at Coinbase. Allowing class action lawsuits to continue is an expensive proposition that would inevitably impact the pace of cross-border crypto innovation. Meanwhile, U.S. and global regulatory uncertainty is stoking new legislation that could fuel litigation well into the future. The efficient nature of digital asset technology is at a crossroads. The Coinbase decision, commingled with upcoming regulatory requirements worldwide, will shape business dynamics for enterprise crypto software and the entrepreneurs behind future sector innovation.

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