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A blockchain software technology company that develops a variety of applications which operate on the global distributed computing platform.

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ConsenSys’ Joe Lubin was brought to court by former employee for $13 million

ConsenSys founder Joseph Lubin was sued by his former employee for allegedly committing fraud, breach of contract, unpaid profits, among other things, according to several documents filed to the New York County Supreme Court.  The plaintiff, Harrison Hines, previously worked with Lubin at his ethereum-focus studio as the head of Token Foundry. In the documents filed to the court, he was seeking more than $13 million in relief over Lubin’s alleged legal violations, among which $12,827,000 will be for monetary damages on the contract breach and fraud claims, while the remaining will be for unpaid profits.  The court sent out the summons to Lubin on June 5, to which the defendant's team demanded a complaint be filed from Hines’ end. However, the date for Hines to follow up with this demand has already expired without any complaint being displayed on the New York County court website. It is unclear at this point what steps Hines will take in terms of moving forward with his legal action.  Token Foundry was a ConsenSys-incubated startup that helps blockchain companies launch new tokens. During the 2018 bear market, the firm experienced a mass exodus of staff, among which Hines was included. The platform also struggled in conducting new token sales, completing only four sales between its launch in April 2018 and November of the same year.   To some, Hines' action may not come in as a surprise, because concerns surrounding ConsenSys' equity disbursements have been haunting ConsenSys. Per a CoinDesk report, the firm was said to mislead some employees about their share options, which had triggered complaints and dissent among employees of the company.  
The Block Crypto

ConsenSys Announces Ethereal Summit Tel Aviv

TEL AVIV – July 17, 2019 – ​ConsenSys​, the global blockchain company, is excited to announce tickets are on sale for the first-ever Ethereal Summit taking place in Tel Aviv on September 15, 2019. The Ethereal Summit is the nexus between technology and the people who change the world, bringing together futurists, technologists, entrepreneurs, investors, enterprises, humanitarians and creatives for a day of storytelling and knowledge sharing. The Ethereal Summit provides a platform for the cultural and humanistic aspects of the decentralization movement. Israel has a rich history of technological innovation, and ConsenSys is thrilled to bring the Ethereal Summit to such a vibrant and dynamic ecosystem. Ethereal Summit Tel Aviv will take place in the heart of the city at Cultura / Sheva. The Ethereal Summit will bookend the inaugural Tel Aviv Blockchain Week, an industry gathering where leading Israeli and international blockchain and crypto companies will convene to explore networking opportunities and push the industry forward. Ethereum will be at the forefront of the blockchain conversation. For the first time, Vitalik Buterin, founder of the Ethereum blockchain, will be speaking at the Ethereal Summit and he will be joined by ConsenSys founder and Ethereum co-founder Joseph Lubin. Additional speakers include Dovey Wan, Founding Partner of Primitive Ventures, Eli Ben-Sasson, Co-founder of Tel Aviv-based StarkWare, Chen Zur of Ernst & Young’s Blockchain Practice, and Ethereal Summit founder Amanda Gutterman. More speakers to be announced in the coming weeks. Joseph Lubin, Founder of ConsenSys and Co-Founder of Ethereum added, “Israel is a hotbed of technology advancement and central to the development of modern cryptography. Blockchain technology and Ethereum has blossomed in a decentralized fashion, and in the year since launching ConsenSys Israel, we have witnessed incredible traction amongst developers, enterprises, and individuals who are passionate about our shared vision of decentralized technology. We are proud to be a catalyst for Ethereum development in Tel Aviv and look forward to ConsenSys’ first international Ethereal Summit.” ConsenSys is honored to be supported by event sponsors eToro, VMware, Orbs and Quorum. MarketAcross and BlockTV will be official media partners of the Ethereal Summit. “As one of the leading Web3 events, the Ethereal Summit has always been a space for collaboration, experimentation, and thoughtful debate amongst industry leaders. We are dedicated to bringing this ethos to Tel Aviv and are actively engaging local partners to showcase the excellence of the Israeli blockchain ecosystem,” said Dror Avieli, Head of ConsenSys Israel. For information on event sponsorships, media partnerships, speaking opportunities, and tickets, please visit. Be sure to follow @EtherealSummit on Twitter and Instagram for the latest updates on speakers and event details. Check out our latest post on the Ethereal Summit Tel Aviv on ConsenSys Media. If you are a member of the press interested in attending the Ethereal Summit, please reach out to PR@consensys.net to request press credentials. About Ethereal Summit: Ethereal Summit is a global series of conferences, championing those building the infrastructure and applications driving blockchain tech, in addition to providing a platform for the cultural and humanistic aspects of the decentralization movement. About ConsenSys: ConsenSys is a blockchain company dedicated to transforming the world’s digital architecture toward a more open, inclusive, and secure internet of value, commonly called Web3. With a more trustworthy internet architecture, ConsenSys is helping enterprises and governments unlock new business models and value, gain efficiencies through a shared IT infrastructure, and utilize modern cryptographic methods to safeguard private user data. Through our unique global business comprised of a startup incubator,Enterprise Ethereum ​consulting arm, and ​investment fund​, ConsenSys is building for the decentralized future. Fore more information, please visit www.consensys.net. Media Contacts: pr@consensys.net The post ConsenSys Announces Ethereal Summit Tel Aviv appeared first on CryptoPotato.
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Fan tokens draw new users to crypto with the latest club addition, AS Roma

Blockchain is stepping further into the sports arena, as cryptocurrency company Socios partners with soccer team AS Roma to offer a fan token, according to a statement from the club.  The token will find its way to fans through the Socios app. There, it'll be tradeable against the Socios native token, $CHZ, currently listed on BitMax and KuCoin, as well as Binance DEX - Binance's decentralized exchange. The tokens are accessed on Socios.com, but housed on a separate permissioned side chain, where each club becomes a Node with Proof Of Authority (POA) from $CHZ. In order to access the club token through a Fan Token Offering, fans must first hold $CHZ. The move could open crypto to a wider user base, since the tokens allow fans to have a voice in their club. The tokens five supporters the right to vote on certain club decisions. They'll be set at a price of two euros, but fans can also earn them by interacting with AS Roma on the Socios app. Fans can also "hunt" tokens for free through the app's augmented-reality geo-location feature Token Hunt. However, AS Roma isn't the only club interacting with fans through crypto. Indeed, clubs from different leagues including Paris Saint-Germain, Juventus and West Ham United have all created fan tokens for supporters. Alexandre Dreyfus, chief executive & founder of Socios.com, said AS Roma's fan base along with other participating clubs draw hundreds of millions of users.
The Block Crypto

What does it take to be part of the next wave of Bitcoin Billionaires? Tim Draper answers

As crypto ecosystem consistently redefines its new peak in terms of adoption, fiat investors and new players are seeking opportunities to be a part of the next wave of Bitcoin Billionaires. One of the early birds, Tim Draper leads this space in terms of making sizable investments and returns in Bitcoin. Having complete faith in Bitcoin’s […] The post What does it take to be part of the next wave of Bitcoin Billionaires? Tim Draper answers appeared first on AMBCrypto.
AMBCrypto

Bitcoin Law Review - Blockstack's Reg A+, CFTC vs Bitmex, Gov't vs Libra/Crypto

https://ToneVays.com by @ToneVays https://twitter.com/ToneVays Topic 1: Reg A+ & Blockstack https://www.sec.gov/Archives/edgar/data/1719379/000110465919020748/a18-15736_1ex1a15addexhbd6.htm https://www.theblockcrypto.com/2019/07/12/blockstack-garners-reg-a-approval-but-that-doesnt-mean-crypto-icos-will-boom/ Leads into Topic 1a on Broker-Dealers & Custody https://twitter.com/philipliu/status/1149907881061302272?s=12 https://www.sec.gov/news/public-statement/joint-staff-statement-broker-dealer-custody-digital-asset-securities https://bitcoinmagazine.com/articles/op-ed-latest-finra-sec-security-token-custody-rules Topic 2: Government vs Libra/Crypto https://twitter.com/realDonaldTrump/status/1149472282584072192?s=09 https://www.cnbc.com/2019/07/18/first-on-cnbc-cnbc-transcript-treasury-secretary-steven-mnuchin-speaks-with-cnbcs-squawk-box-today.html https://www.cnbc.com/2019/07/18/mnuchin-says-us-will-ensure-bitcoin-doesnt-become-like-anonymous.html https://www.cnbc.com/2019/07/18/first-on-cnbc-cnbc-transcript-treasury-secretary-steven-mnuchin-speaks-with-cnbcs-squawk-box-today.html https://brianoflondon.me/2019/07/facebook-lied-about-the-cryptocurrency-industry-to-destroy-it/ https://www.youtube.com/watch?v=9-ZTkCNW0w8 https://www.cnbc.com/2019/07/16/i-like-bitcoin-says-house-gop-leader-mccarthy-hits-facebook-libra.html Topic 3: Crypto Exchanges https://www.bloomberg.com/news/articles/2019-07-19/u-s-regulator-probing-crypto-exchange-bitmex-over-client-trades https://twitter.com/notsofast/status/1151864421414838274?s=21 https://www.coindesk.com/ex-ceo-of-crypto-exchange-wex-arrested-in-italy https://www.coindesk.com/mt-gox-founder-hit-with-lawsuit-over-alleged-fraudulent-misrepresentation https://www.scribd.com/document/414569311/Steinmetz-Jones-v-s-McCaleb#from_embed https://www.thedailybeast.com/behind-the-biggest-bitcoin-heist-in-history-inside-the-implosion-of-mt-gox?ref=scroll Topic 3a - Update on Bitfinex vs NYAG https://ambcrypto.com/new-york-ags-court-filings-written-in-bad-faith-and-riddled-with-false-assertions-says-bitfinexs-rebuttal/ https://www.coindesk.com/bitfinex-ny-prosecutors-tether-850-million-allege https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=vIexA1b0spKOnK_PLUS_ZUGTJ3A==&system=prod https://breakermag.com/crypto-capital-is-the-common-thread-between-bitfinex-quadrigacx-and-other-troubled-exchanges/ https://decrypt.co/6824/crypto-capital-follow-up-article Topic 4: Crypto & Taxes (Time Permitting) https://www.carltonfields.com/insights/publications/2019/how-state-remote-sales-and-use-tax-statutes-may-im https://twitter.com/cryptotaxgirl/status/1148370522775797760?s=21 Topic 5: Other - Time Permitting https://www.journalofaccountancy.com/news/2019/jun/virtual-currency-not-fbar-reportable-201921479.html https://www.justice.gov/usao-sdny/pr/us-attorney-announces-arrest-and-money-laundering-charges-against-dark-web-narcotics https://cryptoslate.com/chinese-court-upholds-legal-bitcoin-ownership-btc-protected-china-property-law/ Closing Moment of Zen: https://twitter.com/Horsebox_1/status/1117955111219867648 Honorable Mention: https://www.sec.gov/corpfin/framework-investment-contract-analysis-digital-assets Please Support via Affiliate Codes: Unlimited Trading for $9 a Month at LVL: https://lvl.co/?r=kDpHhBmS Deribit to save 10% on Trading: https://www.deribit.com/reg-3221.4686 Buy/Sell Bitcoin at Paxful: https://paxful.com/?r=or4dNEDBBQX Trading View: http://tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=4905&url_id=3 TorGuard VPN 50% off code & link = tone50: https://torguard.net/aff.php?aff=3782 Ugly's Lifetime Subscription: https://uglyoldgoat.com/?rid=4xyuzu Audio Podcast: https://itunes.apple.com/us/podcast/the-tone-vays-podcast/id1390209454?mt=2 See Regulation overview in each state here: https://www.carltonfields.com/state-regulations-on-virtual-currency-and-blockchain-technologies/ Tone Vays is available for Corporate Consulting at the rate of 0.3 btc per hour. Please email Tone@protonmail.ch for additional info.
Tones Vays
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