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Cybercrime and Bankruptcy: The Crypto Winter
Cryptocurrency markets experienced significant losses during the first half of 2022 as the market's capitalization declined from $2.9 trillion at the end of 2021 to less than $900 billion at the beginning of June 2022. The most popular cryptocurrency, Bitcoin, was trading at about $21,493, down 54% from the start of the year. Ethereum, the second-biggest crypto by market cap, was down about 56% year-to-date, trading at $1,651.
While crypto has maintained its popularity and interest during the past few months, its value has moved in lockstep with the stock market. In March 2022, Bitcoin and the S&P 500 reached a high of 17 months, indicating that the two markets are moving in similar directions. For the crypto market, in particular, a number of factors ranging from crypto crimes and inflation to layoffs and an ongoing liquidity crisis, have plagued the industry, leading to the current cryptocurrency market crash and creating a "cryptocurrency winter."
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New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
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Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.