Public Relations and Social Media Manager, Dechert LLP

Peggy Heffner

Public Relations and Social Media Manager

Dechert is a global specialist law firm

Dechert LLP

Dechert is a global specialist law firm.
Focused on sectors with the greatest complexities, legal intricacies and highest regulatory demands, we excel in delivering practical commercial judgment and deep legal expertise for high-stakes matters.

Our work is widely recognized. We have 20 standout practices noted by Chambers Global, including global-wide rankings for arbitration, corporate investigations, anti-corruption, investment funds and life sciences. Named Antitrust Team of the Year, Chambers USA commends our “accomplished group” as “routinely sought after to handle some of the most significant litigation and transactions in the antitrust world.” 

In an increasingly challenging environment, clients look to us to serve them in ways that are faster, sharper and leaner without compromising excellence. We developed a first-of-its kind legal project management department, which uses technology, people and processes to drive efficiency and deliver value for our clients.

We are innovators. Dechert ranked #7 in the Financial Times’ Top North American Innovative Law Firms. Financial Times also recognizes us among the Top European Innovative Law Firms and highly commends World Compass, our marketing compliance service, which offers investment firms advice in more than 100 jurisdictions.

Thematic (Sector/Industry)

The U.S. District Court for the Northern District of California, on November 28, 2017, ordered the international digital currency broker, Coinbase, Inc., to produce to the Internal Revenue Service (IRS) the records of Coinbase’s account holders, in connection with the IRS’s investigation of allegedly underreported virtual currency gains.1 As discussed below, after Coinbase refused to comply with the IRS’s initial summons to obtain information, the IRS issued a second summons with a significant reduction in the type and amount of information requested; pursuant to the order, the court even further narrowed the types of information to which the IRS would be entitled. The court’s decision raises the issue of balancing the privacy interests of virtual currency account holders with the IRS’s legitimate interest in investigating potential tax evasion and brings virtual currencies further into the regulatory scope of U.S. government agencies.

The U.S. District Court for the Northern District of California, on November 28, 2017, ordered the international digital currency broker, Coinbase, Inc., to produce to the Internal Revenue Service (IRS) the records of Coinbase’s account holders, in connection with the IRS’s investigation of allegedly underreported virtual currency gains.1 As discussed below, after Coinbase refused to comply with the IRS’s initial summons to obtain information, the IRS issued a second summons with a significant reduction in the type and amount of information requested; pursuant to the order, the court even further narrowed the types of information to which the IRS would be entitled. The court’s decision raises the issue of balancing the privacy interests of virtual currency account holders with the IRS’s legitimate interest in investigating potential tax evasion and brings virtual currencies further into the regulatory scope of U.S. government agencies.

U.S. V. Coinbase: Virtual Currency Holders Not Outside the IRS's Reach

Research Analyst, Zenprivex

Rohit Varma

Research Analyst

Zenprivex

We are a passionate team of investors, bankers, consultants and data scientists, working to bring efficiency and transparency to the fast-growing private markets. The ZPX leadership team has considerable global experience at the cutting edge of venture investing, technology, analytics and advisory.

Through ZPX's  research arm Satoshi & Co, we will exclusively focus on providing original, thought-provoking and actionable insights in all areas pertaining to the rapidly burgeoning Crypto asset class.

Decentralizing Markets using Blockchain

In our second module of the 'Understanding Cryptocurrencies' series, we discuss the potential benefits of blockchain technology and how it fundamentally differs from the Internet protocol of the late 90s.

In our second module of the 'Understanding Cryptocurrencies' series, we discuss the potential benefits of blockchain technology and how it fundamentally differs from the Internet protocol of the late 90s.  

Understanding Cryptocurrencies: Blockchain Use Cases (#Module 2)

FX Strategist

Greg Gibbs

Fundamental analysis of topical themes in FX

Amplifying Global FX Capital

Amplifying Global FX Capital was founded in 2015 and is fully owned by Greg Gibbs. It is a registered company both in Australia and Colorado, USA and is a licensed in Australia to provide financial services.

We are producing a regular trading view orientated macroeconomic analysis of topical themes in global financial markets, with a particular focus on foreign exchange. We invite you to view an “executive summary” of these reports in “AmpGFX Reports” under our “Research” menu.

These reports are drawn from the analysis of Greg Gibbs and inform the capital management he undertakes on behalf of the company. The trading performance is posted periodically on our website. We aim to build our company into both a research and capital management business. We are currently in the planning phase for managing capital for wholesale customers.

Greg Gibbs has spent his working life of more than 26 years in financial markets, beginning in 1989 at the Reserve Bank of Australia, after completing a Bachelor of Economics Degree (Honours) at the Australian National University. He has been a CFA Charterholder since 2005. He has worked in Sydney, Singapore, New York and London for major global banks and presented on foreign exchange markets to major financial institutions and companies around the world, and maintained a high profile in the financial media.

Before Amplifying Global FX Capital, Greg was the Head of Asia Pacific Market Strategy at the Royal Bank of Scotland based Singapore. He now resides in Breckenridge Colorado.

FX & Rates

Bitcoin has exploded higher in recent weeks as futures trading draws near, slated for next week on the CME, and other mainstream financial products, like ETFs, are widely expected.  If it does grow in stature as a store of value, its fair value is conservatively $50,000 in our view.  It may not be a coincidence that as financial stress in China creeps up, and Trump throws Middle East peace under a bus, demand for bitcoin picks up.  There may even be evidence that investors are starting to rotate out of gold towards Bitcoin; a shift from the old world haven to the haven for the digital world.  The grumpy old men of finance are dismissing Bitcoin as a bubble.  It probably is, but one that is blowing up, and may do so much further.  The bearish consensus view for the USD is getting harder to square with its improved yield advantage and strong economic outlook.  Tighter USD short funding costs, position squaring and seasonal strength may propel the USD higher into year-end.  EM markets are tiring into year-end.

Bitcoin has exploded higher in recent weeks as futures trading draws near, slated for next week on the CME, and other mainstream financial products, like ETFs, are widely expected.  If it does grow in stature as a store of value, its fair value is conservatively $50,000 in our view.  It may not be a coincidence that as financial stress in China creeps up, and Trump throws Middle East peace under a bus, demand for bitcoin picks up.  There may even be evidence that investors are starting to rotate out of gold towards Bitcoin; a shift from the old world haven to the haven for the digital world.  The grumpy old men of finance are dismissing Bitcoin as a bubble.  It probably is, but one that is blowing up, and may do so much further.  The bearish consensus view for the USD is getting harder to square with its improved yield advantage and strong economic outlook.  Tighter USD short funding costs, position squaring and seasonal strength may propel the USD higher into year-end.  EM markets are tiring into year-end.

The meteoric rise in the valuations of bitcoin (BTC) and other Crypto assets has become a ubiquitous topic at dinner table discussions. The whole asset class surged by more than 15 times in value this year, dwarfing the low to high teen returns generated by the traditional asset classes. Cryptocurrencies as an asset class is gaining mainstream adoption at a dizzying pace as evidenced by the steep growth in trading volumes and wallet users, however, there is a growing concern among a few factions that cryptocurrencies are a bubble in the making and ominous comparisons to the 1600s 'Tulip bubble' have been made. Whether cryptocurrencies can truly transform and revolutionize the way in which value is transferred between individuals by disrupting the incumbent infrastructure of centralised banks is something that would take at least a few years to unfold.This is the first one in a series of 10-11 insightful articles on the foundational concepts of cryptocurrencies that we plan to publish in the coming weeks.

The meteoric rise in the valuations of bitcoin (BTC) and other Crypto assets has become a ubiquitous topic at dinner table discussions. The whole asset class surged by more than 15 times in value this year, dwarfing the low to high teen returns generated by the traditional asset classes. Cryptocurrencies as an asset class is gaining mainstream adoption at a dizzying pace as evidenced by the steep growth in trading volumes and wallet users, however, there is a growing concern among a few factions that cryptocurrencies are a bubble in the making and ominous comparisons to the 1600s 'Tulip bubble' have been made. Whether cryptocurrencies can truly transform and revolutionize the way in which value is transferred between individuals by disrupting the incumbent infrastructure of centralised banks is something that would take at least a few years to unfold.This is the first one in a series of 10-11 insightful articles on the foundational concepts of cryptocurrencies that we plan to publish in the coming weeks. 

Understanding Cryptocurrencies: Blockchain Technology (#Module 1)

We believe bitcoin is not a bubble, but is growing into a role as an important financial instrument that will be used as a significant store of value for global wealth.  Its whippy meteoric rise may be growing pains rather than an irrational mania.

We believe bitcoin is not a bubble, but is growing into a role as an important financial instrument that will be used as a significant store of value for global wealth.  Its whippy meteoric rise may be growing pains rather than an irrational mania. 

United States

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

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U.S. V. Coinbase: Virtual Currency Holders Not Outside the IRS's Reach

The U.S. District Court for the Northern District of California, on November 28, 2017, ordered the international digital currency broker, Coinbase,...

Dechert LLP

Understanding Cryptocurrencies: Blockchain Use Cases (#Module 2)

In our second module of the 'Understanding Cryptocurrencies' series, we discuss the potential benefits of blockchain technology and how it...

Rohit Varma

Rotation from Gold to Bitcoin

Bitcoin has exploded higher in recent weeks as futures trading draws near, slated for next week on the CME, and other mainstream financial...

Greg Gibbs

Understanding Cryptocurrencies: Blockchain Technology (#Module 1)

The meteoric rise in the valuations of bitcoin (BTC) and other Crypto assets has become a ubiquitous topic at dinner table discussions. The whole...

Rohit Varma

Bitcoin – Bubble or Growing Pains?

We believe bitcoin is not a bubble, but is growing into a role as an important financial instrument that will be used as a significant store of...

Greg Gibbs

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