Blockchain Law: ICO Regulation and Other Legal Considerations in the Blockchain Ecosystem

Guest post by Dror Futter, Rimon PC

During 2017, blockchain and its progeny Bitcoin and initial coin offerings (ICOs) became “big news.” By the end of the year, news of new record highs for Bitcoin and eight- and nine-figure ICOs became almost daily events. As block-chain has entered the mainstream and the dollars at stake have exploded, it has become clear that this exciting technology has raised and will continue to raise issues across a broad range of legal disciplines.

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Coinbase Raises $75M, Valued at $471M

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Coinbase, a secure hosted Bitcoin wallet that makes it easy for anyone to purchase and use Bitcoin, has raised $75M from DFJ Growth, with participation from existing investors, including Andreessen Horowitz, Union Square Ventures, and Ribbit Capital. According to the Company’s blog – “Three of the world’s most respected financial institutions – The New York Stock Exchange, a subsidiary of USAA, and BBVA (a large multinational bank) also invested in the round alongside personal investments from former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer. This marks the first time that financial institutions have made a major investment in a Bitcoin company.

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 View the Amended and Restated Certificate of Incorporation filed December 1, 2014.