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Legal Insights

Educational Articles Written By Members Of The Firm
Ross Pitcoff Law > Legal Insights

Potential Blockchain Frauds

The underlying technology behind Cryptocurrency is Blockchain, by which many users or "nodes" all hold a complete record of all transactions that have ever occurred on the platform. Because the full ledger of historic transactions exist across all computers on the Blockchain, it is very difficult to forge fraudulent transactions; every user has access to a complete, verified record and could see any discrepancies that arise from foul play. This is referred to as a "distributed ledger". For more information or to speak with an attorney today, email: ross@rosspitcofflaw.com or call: (646) 386-0990. We'd be happy to help! ...

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How To: Prepare for your Attorney Consultation

How to prepare for your Attorney Consultation: One of the most important questions you can ask your Attorney is about the strategy that will be used for your specific case -- Be sure to ask for an evaluation of the outcome(s) and also, get details about what to expect from the legal procedure itself. For more information or to speak with an attorney about your legal matter, email: ross@rosspitcofflaw.com or call: (646) 386-0990. We'd be happy to help! ...

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BEWARE OF: Current Industry Events

Since Cryptocurrency and the Blockchain Industry are still both widely unregulated, it is imperative to know about the current events in the field, so you can ensure that you do not make any mistakes. For more information or to speak with an attorney email: ross@rosspitcofflaw.com or call: (646) 386-0990. We'd be happy to help answer any of your questions! ...

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Compromising Agreements

Why a compromising agreement is the way to go. There is no point in demanding immediate payment in full if the customer cannot pay. Negotiating part payment and rescheduling the debt - confirmed in writing - can help you recover some of the money you are owed and improve the chances of maintaining a good relationship if the customer's problems are only temporary. A compromising agreement could allow for interest and enable you to avoid the effort and expense of taking further action. To learn more about compromising agreements, email: ross@rosspitcofflaw.com or call our office at: (646) 386-0990 to set up a consultation. ...

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Venture Capitalists 101

Are you in need of a Venture Capitalist, but are looking for more information? We're here to help! Venture Capitalists provide equity financing in return for a minority stake in a business. Sometimes, a venture capitalist will take a seat on the board of directors for its portfolio companies, ensuring an active role in guiding the company. Venture Capitalists look to hit big early on and exit investments within five to seven years. To speak with an attorney today about your business or a legal matter, email: ross@rosspitcofflaw.com or call: (646) 386-0990. ...

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BitLicense Regulations

The BitLicense, a landmark cryptocurrency regulation, is a term used for a business license of virtual currency activities, issued by the New York State Department of Financial Services (NYSDFS) under regulations designed for companies or individuals that engage in Virtual Currency Business Activity. The BitLicense regulations establish a number of requirements for licensees, including: appointing a Chief Information Security Officer (CISO) to establish and maintain an effective cybersecurity program to protect the confidentiality, integrity and accessibility of the data; providing an annual report to the NYDFS; and submitting quarterly financial statements and audited annual financial statements. To speak with a lawyer today, call: (646) 386-0990...

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Cryptocurrency Risks

Cryptocurrency has been a major asset for a lot of businesses out there, but accepting Cryptocurrency still comes with risks. Among these is the price volatility, which could result in some Cryptocurrencies drastically changing value moments after the transfer. If a Cryptocurrency crashes before a business can convert the coins into dollars, it could result in a loss. In addition, the support infrastructure for Cryptocurrency simply is not in place yet.  For more information or to speak with an attorney today, email: ross@rosspitcofflaw.com or call: (646) 386-0990. We'd be happy to help! ...

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Arbitration Process 101

If you are a company that has a lot of eyes on you, you will want to have a properly drafted arbitration clause in all of your agreements. Why? Because litigation in court can be messy and is entirely public, meaning your lawsuit is accessible online and could even wind up in Google searches. Having a mandatory arbitration (or international arbitration) provision almost ensures that your matter will avoid the public court system and public relations nightmare that could ensue. Your next step will be working with a great law firm to get results in your dispute --Contact Ross Pitcoff Law today...

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Shareholders VS. Stakeholders

Shareholders are also stakeholders in a corporation, but stakeholders are not always shareholders. A shareholder owns part of a public company through shares of stock (and can buy and sell them), while stakeholders have an interest in the performance of a company for reasons other than stock performance or appreciation (they are bound to the company long-term). To speak with a lawyer today, call: (646) 386-0990 or email: ross@rosspitcofflaw.com to set-up a free consultation. ...

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