Two recent decisions issued by an Italian Court of First Instance and, subsequently, by the Court of Appeal intervene in the debate around the qualification of cryptocurrencies as an asset or money that may be validly injected into a limited liability company’ s capital.Both decisions refer to the same question: can a company accept cryptocurrencies as a contribution in kind to the company’ s corporate capital? Both courts answered in the negative, however on different…
Japanese cryptocurrency exchange CoinCheck confirmed on 26 January 2018 that it has been the victim of a massive hack, resulting in what would appear to be the largest cryptocoin theft of all time. In a press conference CoinCheck admitted that the current understanding was that the hackers had stolen around 523 million of the exchange’s NEM coins which, at the time of detection, were worth around $534 million. This would surpass the $400 million worth of…
Political and military interest in cryptography is nothing new, but international controls on the sharing and export of information security technology is an ever more pressing concern for businesses.Ciphers have been used to obfuscate sensitive messages as far back as Julius Caesar, but cryptography’s importance for national security really grew following the decryption of Enigma and Lorenz. Today, robust cryptography is fundamental to meeting the demands of customers and governments. Businesses are heavily exposed to…