legal technology
Here's Why Harvey's $80M Funding is a Game Changer in Legal AI
Harvey raised $715 million in a $80 million Series B funding round, showcasing its advanced AI-powered workflow optimization technology.
Blockchain: Technology for Sustainability
The teams of AB InBev, IECISA and Rewire were the winners of the Global Blockchain Challenge, thanks to their innovative blockchain-based solutions that excelled for their technical, business and legal development, scalability and social impact.
China’s Central Bank Accelerates R&D of its Legal Digital Currency
People's Bank of China, the Central Bank of China made an announcement of the acceleration of the development of its legal digital currency.
HSBC Chief Legal Officer Stuart Levey Gets Appointed as Libra’s New CEO, Expert in Dealing with Regulatory Backlash
The Libra Association appointed its first CEO, Stuart Levey, the Chief Legal Officer at HSBC Holdings. Levey will be overseeing the Libra digital currency and payments system and holds a strong compliance track record and is expected to join Libra in the coming months. However, HSBC has not shown the same upright compliance record. Levey is also expected to “combine technology innovation with robust compliance and regulatory framework.” The Facebook-led project has invited scrutiny from global regulators, with concerns over its threat to national sovereignty with its potential launch. Many of Libra’s original members, including Vodafone, PayPal, and Visa have also chosen to leave the association.
Brazil Highlights Blockchain Technology as a Digital Strategy Goal
Last week, Brazil unveiled its Digital Government Strategy that highlighted the use of distributed ledger systems and blockchain technology to transform major parts of the economy, especially in a post-COVID-19 environment.
China Clarifies its Stance on Bitcoin: Legal if the Crypto Does Not Act as Alternative to Fiat
China has not always been friendly towards cryptocurrencies, however, the country has not completely banned Bitcoin, according to the Beijing Arbitration Commission.
Researchers of Japan’s Blockchain-Based Digital Court Face Backlash Due to its Decentralized and Unregulated Nature
Researchers in Japan have been looking into a blockchain-based mechanism to settle legal disputes in a “digital court,” aiming to perform legal actions with a more cost-efficient legal process.
Coinbase Welcomes New Chief Legal Officer from Facebook's Legal Team: Introducing Paul Grewal
Coinbase proudly announced in a July 8 blog post that a new addition will be made to the crypto exchange’s legal team. Paul Grewal, a former US magistrate judge in California and Deputy General Counsel for Facebook, will be joining the ranks of the digital currency exchange.
Ripple Fires Back at SEC over Its Legal Complaint of XRP as Pretrial Looms
Ripple has fought back against the Securities and Exchange Commission (SEC)’s legal complaint against XRP, hinting that the agency was overreaching.
Jihan Wu Regains Control Of China Bitcoin Miner Making Giant Bitmain
Jihan Wu has regained his status as legal representative and executive director of Bitmain stripping Micree Zhan of broad controlling powers.
Washington DC Lawyers Can Now Accept Cryptocurrency Payments for Legal Services
Lawyers working within the metropolitan area of Washington DC can now accept cryptocurrency payments for legal services so long as the fee agreement is reasonable and fair, and the lawyer is able to safeguard their digital assets, the District of Columbia Bar stated in an ethics opinion.
The Federal Council of Switzerland Opts For Better and Fair Blockchain Regulations
The Federal Council of Switzerland has opted for better and fair regulations for blockchain and distributed ledger technology (DLT) in the country, which is believed will minimize risk, increase legal certainty and abort blockages, which will prevent the possible applications of blockchain/distributed ledger technology.
Chinese Smart Courts Leveraging Blockchain and AI
Smart courts in China are reportedly leveraging a range of innovative technologies to settle legal cases. The online judiciary courts utilize big data, cloud computing, artificial intelligence, and blockchain.