La Grange Office: 1022 S La Grange Rd, La Grange, IL 60525
Hinsdale Office: 15 Salt Creek Ln, Hinsdale, IL 60521

Phil Fornaro Cryptocon 2018 Presentation

On February 15th, Phil Fornaro will be presenting in the morning session of Cryptocon 2018 on how lawyers can bring clarity to the cybercurrency space. Here is a link to the Facebook event.

Bitcoin Is Not Fiat Currency In Florida!

A recent case entitled “State of Florida v. Espinoza, No. F14-2923” finds that Bitcoin is not fiat currency. Website designer Michell Espinoza was charged with illegally transmitting $1,500 worth of bitcoins to undercover detectives. The detectives told Espinoza that they wanted to use the Bitcoin to buy stolen credit card numbers. Miami-Dade Circuit Judge Teresa … Continued

Can I Seek My Bitcoin Fortune in the Clouds?!

So, you want to mine Bitcoin, but you are not interested in converting your home into a Bitcoin mining rig, what are your options? Well, you could try Bitcoin cloud mining. Bitcoin cloud mining enables people to earn Bitcoins without bitcoin mining hardware, Bitcoin mining software, electricity, bandwidth or other online issues. Bitcoin cloud mining, … Continued

Will I get rich mining Bitcoin in 2018?

Do you feel like the last of the ‘49ers because you didn’t start mining Bitcoin years ago? Are you considering whether it is even worth getting into Bitcoin mining at this point? The simple answer is “How much am I willing to spend.” Bitcoin mining has gotten more difficult than it was in its infancy. … Continued

Bitcoin Profits Are Now Under Attack By The IRS!

SHOULD WE BE HAPPY AS IT GIVES CREDIBILITY TO THE WORLD OF CYBERCURRENCY OR SHOULD WE BE SAD AS THE REGULATION IS COMING? No matter whether it is troubling news or great news, at Fornaro Law we are always happy when we get to talk about Bitcoin and the world of cybercurrency. Fornaro law is … Continued

Technology and the Law Presentation by Phil Fornaro

Below are a couple recent photos of Phil Fornaro speaking to 70 residential real estate attorneys regarding the future of attorneys, technology, the Blockchain and Bitcoin. Thank you Nancy Kroll from Chicago Title and Trust for the platform to educate the attorneys in our legal industry.   

Let’s define Bitcoin. That is simple enough. Right?

The struggle to define Bitcoin has begun in so many different arenas.  The securities and exchange commission, the IRS, the state and appellate courts, congressional committees, federal and state regulators, coders, relatives, bankers, and everyone else that has heard of this fabulous cybercurrency all have given it a try. What has resulted is shocking.   By … Continued

Cybercurrency and the world we live in

If only I would have known the Internet was going to be so life changing…. Do not make the same mistake when it comes to the next significant revolution—Bitcoin, Cybercurrency and the Blockchain. Have you heard of Bitcoin, Ethereum, Ripple and Dash? What about the Blockchain? If you have not heard of any of these … Continued