Two AI lawyers successfully agreed on a legally-binding non-disclosure agreement. Yep the AI lawyer bots negotiated a deal, in record time, and sent it to the humans to sign.  Nicole Buckler provides the following article. https://thechainsaw.com/business/two-ai-lawyers-negotiated-a-contract-without-the-help-of-humans/ The post Two AI Lawyers Negotiated a Contract Without the Help of Humans appeared first on Salerno Law ..read more

Cryptocurrencies may have been originally created to operate free from control, but the lack of regulation has been harmful for the sector, innovation, and consumer protection. Only with proper regulation to normalise crypto use, will crypto become a widely accepted component of financial trading, wealth retention and financing. THE WORLD IS REGULATING CRYPTO As can be seen from the below chart, many nations are taking the steps to regulate crypto: Countries like Hong Kong and Singapore are out in front in developing and implementing a regulatory framework around crypto. The United States an ..read more

Fool’s Gold: Unveiling the Cryptocurrency Mirage Disgraced NRL star Jarryd Hayne has allegedly recently fallen victim to a significant fraud scheme involving bitcoin investments where he was defrauded by fellow inmate Ishan Sappideen, while serving time in Cooma Jail. The Daily Mail reported that Hayne recently lost $780,000 to con artist Ishan Sappideen, with this incident highlighting the dangers of investment fraud and emphasising the importance of being vigilant while engaging in any types of financial transactions, particularly in the world of cryptocurrency. Mr Sappideen operated a sche ..read more

Pikachu caught up in Federal Court matter between Pokémon Company International and Australian gaming platform PokeWorld The use of non-fungible tokens (NFTs) in the gaming industry has risen in popularity exponentially in recent years, as it allows for unique digital assets to be bought and sold on blockchain platforms. However, with this new technology comes potential risks, specifically in the areas of copyright and trademark infringement. One issue with launching a game using NFTs is that creators may unknowingly use copyrighted or trademarked content in their game, leading to legal issues ..read more

There has been an increase in the freezing of digital assets held in centralised exchanges, with token holders demanding answers. The recent FTX saga has only exacerbated the instances of centralised exchanges freezing assets. Understanding why your wallet is frozen requires an exploration of crypto exchanges, arbitrage, and their legal requirements. Both centralised and decentralised exchanges are platforms which enable investors to trade cryptocurrencies and facilitate price discovery. On a decentralised exchange (DEX), transactions occur directly between crypto traders using smart contract ..read more

We acknowledge the people united by the Yugambeh language who are the original custodians of the local land, rivers, mountains, and sea. We pay our respects to their past and current Elders and look to a positive future for their young people. We acknowledge their continued care of land, their wisdom, their laws and their passing on of knowledge. First Nations cultural expression is firmly connected to over 75,000 years of heritage and continuing practice in Australia. Their art has been recognised both within Australia and internationally. Despite the artistic recognition, current intellectu ..read more

DEBT RECOVERY INa CRYPTOCURRENCY MATTERS – RETRIEVING ERRONEOUS TRANSFERS CASE: FORIS GFS AUSTRALIA PTY LTD V MANIVEL [2022] VSC 482 Brief Facts Foris GFS Australia Pty Ltd and Foris AU Pty Ltd (Plaintiffs) are part of the corporate group that operates the cryptocurrency trading platform, Crypto.com. The proceeding related to a mistaken payment allegedly made to one of its customers, the first defendant (Manivel). It was alleged that in May 2021, instead of refunding $100.00 as intended, $10,474,143.00 was erroneously transferred (the Wrongful Payment) to Manivel after an account numbe ..read more

Terra was once hailed as a promising blockchain ecosystem, with a price-stable global payments system and a utility blockchain that allowed third-parties to launch DApps; such as the revered Anchor Protocol, which offered UST staking returns of up to 20% per annum. In the last week, the Terra native governance token, LUNA, and algorithmic stablecoin, TerraUSD (UST), have crashed, with LUNA currently trading at $0.00018, down from its all-time high of $119.18, and UST trading at $0.12, a fraction of the purported 1:1 peg to the US Dollar. How did this happen? Unlike other stablecoins, which ar ..read more

 On 21 March 2022, the Australian corporate watchdog, the Australian Securities and Investments Commissions (ASIC), published an information sheet (INFO269) indicating that it was turning its attention to unlicenced financial advice put forward by social media influencers (FinFluencer). In reference to Prince Hamlet’s opening phrase as he contemplates between life and death, the FinFluencer may ask, to financially advise, or not to financially advise? The answer to that simple, yet complex question rests on understanding how ASIC interprets the provision of financial product advice and t ..read more

The popularity of cryptocurrency has begun to permeate every area of modern life and it seems that Friday night footy is no exception. The NRL recently announced its entry into a minimum three-year deal with Brisbane-based digital currency exchange Swyftx which will include naming rights to the in-game video referee review system known as ‘The Bunker’. The NRL are almost late to the party with notable recent sporting-cryptocurrency collaborations in Australia including: Salerno Law Partner TrigonX Trading signed on as an Executive Partner with the Gold Coast Titans over the next two seasons ..read more