You don’t always need an attorney for every legal matter you encounter. Going to small claims court and handling a speeding ticket are two prime examples of instances where representing yourself in court works just as well. There are, however, certain situations where going it alone could do more harm than good. Legal representation can help get you out of …
What Is a Homestead Exemption?
The homestead exemption is a provision in law designed to protect an individual’s principal residence from creditors following the declaration of bankruptcy or the homeowner’s death. The amount of equity the exemption can cover depends on several factors, including whether the homeowner is current on their mortgage, the type of homestead exemption available to them, and the amount of equity …
How Much Oil Is in the U.S. Strategic Petroleum Reserve?
Anytime you hear someone talking about “oil reserves,” what they’re actually referring to is the U.S. Strategic Petroleum Reserve (SPR). The SPR is the country’s stash of oil located along the Louisiana and Texas Gulf Coasts. The SPR’s highest-ever inventory was in December 2009, when it had 726.6 million barrels of crude oil. With looming fuel shortages expected this summer, …
Estate Planning with Cryptocurrency – How to Pass Assets After Death
According to CoinMarketCap data, there are currently more than 18,000 different types of cryptocurrencies, with Bitcoin and Ethereum being the most popular ones of the bunch. As crypto continues to evolve and become more mainstream, it only makes sense that its value in your investment portfolio will continue to rise as well. The only challenge this poses is—unlike traditional assets, …
Cryptocurrency and Taxes – What You Need to Know
2021 was a great year for cryptocurrency. It saw many first-time investors buying in, most of whom began investing in the last nine months or so. The market recorded several all-time highs and lows throughout the year, resulting in massive profits and losses in equal measure for many investors. If you’re part of this new crop of investors who got …
Can I Sue Coinbase for Inadequate Protection?
In November 2021, Coinbase, one of the world’s most popular digital currency exchanges, was slapped with a class action suit filed in the California Northern District Court. The plaintiff, Adam Alfia, alleged that Coinbase failed to protect customer accounts against data breaches and took unreasonable steps such as freezing customer accounts for extended durations to mitigate the cyberattacks. Adam Alfia …
How to Recover Stolen Cryptocurrency
The theft of cryptocurrencies such as Bitcoin and Ethereum is becoming increasingly common and has become a high priority target for fraudsters. According to a recent report compiled by Chainalysis, cybercriminals made away with a whopping $14 billion worth of crypto assets in 2021, translating to a 79% increase in crypto-related crime compared to the previous year. Scamming and hacking …
What to Do if You Are a Victim of a Crypto Scam or Fraud
It’s no secret that cryptocurrencies like Bitcoin, Ethereum, and several others are a highly sought-after commodity in the digital world of online trading. Many smart investors have made massive profits, with many others becoming millionaires overnight. Unfortunately, there is a dark side to it all that people hardly ever talk about – Crypto fraud. That’s right. The prospect of overnight …
How Many Points Can You Get on Your License?
Almost every state in the country adopts a traffic ticket points system designed to assign a point value for different types of traffic offenses. The system is used by the Department of Motor Vehicles (DMV) to monitor the licensed drivers in the state as well as to incentivize drivers to adhere to traffic laws. While the precise point allocation rules …
Legal Challenges With Starting a Crypto Business
Whether you’re looking to create a new blockchain technology or invest in it, starting a crypto business can be both lucrative and exciting. Like any new technology, navigating the murky regulatory and legal waters is a major concern for anyone looking to dive into the world of digital currencies and assets. This article takes an in-depth look at the three …