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Tezos


Tezos, the blockchain project that sought to fix crypto’s broken governance models, is at the center of talk about how to handle decentralized politics – just not in the way its founders had hoped. On Sunday, the Tezos Foundation announced that it would be carrying out know-your-customer and anti-money laundering (KYC/AML) checks on investors who bought …

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Don’t call it a comeback. Tezos, the blockchain project backed by the largest ever initial coin offering (ICO) at the time of its 2017 launch, hasn’t exactly been able to translate its hype into success as yet. Hamstrung by series of legal woes, the open-source software, designed for blockchain governance, has spent months ironically held …

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The co-founder of Tezos, the cryptocurrency project that made headlines with its $232 million initial coin offering last year, has received a sanction order from a U.S. financial regulator. According to a report by Reuters, the Financial Industry Regulatory Authority (FINRA) prohibited Arthur Breitman from association with broker-dealers for two years and handed him a …

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“No one owns it, and no one uses it.” That’s how BlockTower Capital’s Ari Paul described bitcoin (and, really, cryptocurrency in general) multiple times during his keynote at PennBlockchain on Friday, the inaugural crypto conference by students at the University of Pennsylvania’s Wharton Business School. While it might not sound like it, Paul emphasized bitcoin’s …

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The silence is deafening. After rumors began to fly late last week that the SEC has been sending out subpoenas to initial coin offerings (ICOs), some of the biggest projects to yet utilize the funding mechanism have remained tight-lipped, refraining from public commentary. CoinDesk has so far reached out to the 14 best-known issuers that …

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The Tezos Foundation announced Friday that it is deploying resources in an effort to hire more developers to be based out of Paris. The new hires will help the Foundation “advance its primary objective” of developing the Tezos protocol, as well as to promote it to potential users, the group announced in a statement. “The …

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The Tezos blockchain project may finally get underway after two board members of the Tezos Foundation, including its founder and president Johann Gevers, voluntarily stepped down and were replaced by Tezos community members, according to a press release published Feb. 22. Newly appointed Ryan Jesperson and Michel Mauny join Lars Haussmann, appointed to the board …

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Two board members of the Switzerland-based Tezos Foundation, including its president Johann Gevers, have stepped down from their positions. The pair will be replaced by Tezos community member Ryan Jesperson – who will take over Gevers’ role as president of the board – and researcher Michel Mauny. The new members will join the recently-appointed Lars Haussmann …

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Kathleen Breitman, the co-founder of the self-governing Blockchain protocol Tezos, has promised to “go rogue” and launch the platform in several weeks, despite ongoing lawsuits plaguing the project. The announcement took place during the UCLA Blockchain Lab’s Cyber Days conference Feb. 17-18. Tezos raised a record-breaking $232 mln during its Initial Coin Offering (ICO) in …

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The U.S. Securities and Exchange Commission (SEC) declined to provide information on Blockchain project Tezos requested by attorney David Silver via the Freedom of Information Act (FOIA), Reuters reported Feb. 10. Silver represents plaintiffs in a lawsuit filed against Tezos back in November, 2017, the second of several lawsuits against the company since it gathered …

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The U.S. Securities and Exchange Commission (SEC) has denied a request for information regarding the Tezos blockchain project, citing an exemption typically applied to records gathered for law enforcement activities. The denial letter was addressed to attorney David Silver of the SilverMiller law firm and dated Feb. 6, in response to a Freedom of Information Act …

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Stephen Palley is a lawyer in private practice in Washington, D.C. with the firm of Anderson Kill. The views expressed are his alone. You can find him on Twitter at @stephendpalley. One day you’re a crypto-millionaire, the next you’re a crypto-defendant. Initial coin offerings (ICOs) made crypto-news throughout 2017. Announcements of new offerings became a …

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The on-chain governance protocol Tezos, long stalled by its own crisis of governance, lurched forward in several notable ways this week. To begin, Johann Gevers, president of the Swiss-based Tezos Foundation kicked off events by publishing a blog post outlining his intent to use the project’s proceeds to hire operational staff (before later deleting it). Then …

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Tezos Foundation president Johann Gevers has sparked new controversy over the project after deleting a rare post about its future plans Monday, Jan. 29. Tezos, which is at the center of several public lawsuits over delays issuing tokens from its $232mln ICO last year, continues to suffer from infighting between Gevers’ foundation and the project’s …

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Around $6 bln has been raised via ICOs in 2017. Almost 37 percent of that amount was made by only 20 ICOs. Names like Filecoin, Tezos or Bancor created lots of buzz, but what happened to their tokens afterwards? Can investors get higher returns by buying tokens a few months after initial offerings? The five …

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Another class-action complaint has been filed in the wake of this year’s $232 million Tezos initial coin offering (ICO). In what constitutes the fourth effort to launch a class-action lawsuit against the controversial blockchain project, new court filings from Dec. 13 on behalf of plaintiff Bruce MacDonald notably call for a temporary restraining order on …

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The stereotype of the early Bitcoin adopter is one of a techie camped out in his mom’s basement mining Bitcoin by the hundreds, and now living the high life off the profits. In those early days there was little room or scope for women in the burgeoning technology ecosystem. However, as the digital economy has …

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The husband-and-wife founders of Tezos are reportedly turning to the controversial blockchain project’s nonprofit foundation to help pay the couple’s legal bills as they fight a growing number of lawsuits. As previously reported, the lawsuits stem from Tezos’ $232 million initial coin offering (ICO), which was completed earlier this year. Yet months after the token …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The founders of blockchain startup Tezos have been hit with a second class action lawsuit related to the project’s initial coin offering (ICO). Filed by legal firm Silver Miller in the U.S. District Court in Florida, the suit alleges that Tezos founders …

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While startups launching initial coin offerings (ICOs) may be all too aware they’re working in a legal gray area, that might not be enough to stop lawsuits that could test their legality. At issue is that, although the U.S. agency tasked with enforcing securities law – the U.S. Securities and Exchange Commission (SEC) – has …

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