IOTA Foundation Undergoes Overhaul After Founders Shut Out of Directors Board
- August 13, 2018
- Posted by: P2PEP
- Category: Altcoin, AML, Australia, Banks, Bitcoin, Bitcoin Cash, Bitcoin Price, Bitcoin Regulation, Bitcoin Scams, Blockchain, Cardano, CFTC, Coinbase, Crimes, Cryptocurrencies, Cryptocurrency Exchange, EOS, Ethereum, Ethereum Price, Facebook, Germany, IBM, ICO, Investments, IOTA, IRS, Jamie Dimon, Japan, Litecoin, Markets, Mining, Nvidia, P2PEP NEWS, Price Analysis, Ripple, Russia, SEC, Stellar, Tezos, TRON, UK, USA
The IOTA Foundation released a public statement August 8 in order to quell fears of a major disagreement among senior management after a transcript of a discussion between the founders and the Board of Directors was leaked.
A statement seen by Cointelegraph explains that following a period of uncertainty over IOTA founders Serguei Popov and Sergey Ivancheglo’s access to the Foundation’s Board of Directors, a Memorandum of Understanding (MoU) would now allow them access.
As a German-registered non-profit, the IOTA Foundation needed to act within the law, meaning changing its statute is possible “only by a supervisory board resolution,” the statement says. IOTA’s Supervisory Board had not yet met, despite Popov and Ivancheglo waiting for Board of Directors’ access.
The statement notes that the “circumstances lead to a situation, where two of the IOTA founders have been ‘waiting for board seats’ for more than four months,” adding:
“Unfortunately, sufficient priority was not given to t..
Blockchain Startup Enables Litecoin Transactions via Telegram Messenger
- August 12, 2018
- Posted by: P2PEP
- Category: Adoption, Altcoin, AML, Banks, Barclays, Bitcoin Scams, Blockchain, Charlie Lee, Crimes, Cryptocurrencies, DApps, Deloitte, Government, Investments, Litecoin, Overstock, P2PEP NEWS, Politics, Switzerland, Thailand, Tokens, UK, USA
Litecoin (LTC) transactions are now available via encrypted messenger app Telegram, Litecoin founder Charlie Lee tweeted today, Aug. 9.
A bear market is the best time for people to work on adoption.
Check out https://t.co/Ua8LQz9f4h. Send and recieve LTC on telegram. Eventually, it will support SMS also. Great work @ztxrepublic team! ?
We build it and they will come. Adoption is key!
— Charlie Lee [LTC⚡] (@SatoshiLite) August 9, 2018 The new Litecoin feature Lite.im was developed by blockchain startup Zulu Republic. Based in Zug, Switzerland, the firm develops decentralized applications (DApps) and “is an ecosystem of digital platforms built on the Ethereum (ETH) blockchain.”
According to a Zulu blog post, the new Litecoin feature will enable users to use Litecoin services with text queries via Zulu’s backend LTC API system. Zulu stressed that private key data is not managed by the the company, and instead secured with RSA encryption and the user’s private password.
In the announce..