Ethereum reached new price height

At the moment of press, average Ethereum price is $526
12 December 2017   1822

After three weeks of consolidation, the average rate of Ethereum overcame the key resistance level at around $ 500 and reached a historic high of $ 553.19.

The average price of Ethereum is $ 533.92 (as of 09:00 UTC). The overall growth over the past day was more than 16%.

Ethereum Price chart
Ethereum Price chart

Earlier, the price of Ethereum already exceeded the level of $ 500 amid excitement around the game CryptoKitties, which led to network congestion due to a significant increase in the number of transactions for the purchase and sale of crypto kittens.

These are the main market parameters at the moment of press:

  • Average price: $526.88
  • Marketcap: $50 733 188 295
  • 24h volume: $2 731 970 000

 

dOrg to Become The First DAO With Legal Status in US

DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract
13 June 2019   194

The decentralized autonomous organization (DAO) dOrg based on the DAOstack framework registered dOrg LLC in Vermont, USA. This was the first precedent in the United States, according to law firm Gravel & Shea.

According to the company, the blockchain-based limited liability company (BBLLC) has a legal status, which allows it to enter into agreements and protect the interests of participants in accordance with applicable law.

Note that a DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract. Decisions in such organizations are made by voting by the participants, which provides consensus.

dOrg asked us to help design a DAO legal wrapper after discovering the potential of BBLLCs. We believe that dOrg is now the first legal entity that directly references blockchain code as its source of governance. Its material operations and ownership interests are managed entirely on-chain.
 

Oliver Goodenough

Law professor, Vermont Law School and special counsel, Gravel & Shea

dOrg believes that they have made the first step in integrating the DAO format into the existing economy.

Some time ago, Moloch DAO attracted 1000 ETH from Vitalik Buterin, Joseph Lubin, start-up ConsenSys and non-profit organization Ethereum Foundation.