• eMusic launches digital token
    Will its touch of grey allow streaming pioneer eMusic use blockchain to revolutionize music a second time? (Photo: The Grateful Dead by Chris Stone/Flickr)
    Alt coins

    eMusic led the way with MP3 downloads. Can it do the same on blockchain?

    The 22-year-old music company has launched digital tokens so artists are fairly compensated when songs are bought… but there are a few drawbacks

    May 27, 2020 /

    eMusic was one of the first companies to bring song downloads to the internet—now, it’s attempting to be a trendsetter once again by embracing blockchain.

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  • 11 crypto firms sued illegal ICOs
    The Federal District Court for the Southern District of New York will see 11 crypto firms sued for ICOs (Photo: uscourts.gov)
    Cryptocurrencies,  People,  Regulation

    Crypto faces ‘The man who took on Wall Street’

    On the day before the statute of limitations expired, the lawyer who extracted $25 billion from banks over the subprime mortgage crisis sued 11 cryptocurrency firms for holding illegal ICOs

    April 9, 2020 /

    Eleven cryptocurrency issuers and exchanges including Tron, Block.one, and Binance were hit with class action lawsuits last week for holding or supporting initial coin offerings. Ominously, they were filed by a group of lawyers led by Philippe Selendy, who the Financial Times called “The man who took on Wall Street” after he forced 16 major banks including Citigroup, Goldman Sachs, and JPMorgan Chase to pay $25 billion for their part in the subprime mortgage crisis that sparked the Great Recession of 2007.

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