Fake MyEtherWallet is in the AppStore top

The "unofficial" MyEtherWallet app burst to top three in the "Finance" category at AppStore
11 December 2017   2101

The fake app doesn't have any relation to the electronic purse for storing ETH and other coins. This is reported by TechCrunch.

Before fake MyEtherWallet app Nam Le created two gaming applications about combat pandas, but never had anything to do with electronic wallets or other crypto-currency applications.

The application allows users to create or import wallets for storing crypto-currency assets outside the exchanges. At the same time, an unknown developer is more likely to gain control over private keys to manage wallets.

In addition, the application is built on the basis of open source, but the developer made it paid, trying to monetize public technology.

It's not clear how the application managed to get through the AppStore check and get into the top rating.

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   200

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.