Tezos founders: "Development is moving forward"

Founders of Tezos project, Arthur and Kathleen Breitman, visited Money2020 in Las Vegas and assured investors that the future of the project is safe
26 October 2017   1364

The founders of the Tezos start-up Arthur and Kathleen Breitman assured investors that the future of the project is not threatened. This was announced at the Money2020 conference in Las Vegas, CoinDesk reports.

Tezos Founders
Tezos Founders

The Breitmanns claim that, despite temporary difficulties, the development of the project continues. At the same time, the conflict situation may be resolved in the near future.

They also advised investors who invested $ 232 million in their project, not to panic and "rely on them."

Kathleen Breitman still noted the difficulties of the situation.

I mean, it stinks. It stinks. We're both really embarrassed about the situation. But we trust the process that we put in place, and I think it will be resolved in due course.
 

Kathleen Breitman

Co-Founder, Tezos

The conflict arose between Arthur and Keitlin Breitman, who owns the project code, and Johann Giewers, president of the fund that controls the funds raised during the ICO.

The Breitmanns accused Gavers of acting in their own interests, while Gevers himself argues that the organizers have entered into a criminal conspiracy and are trying to eliminate it. This situation led to significant drop of Tezos price - up to 75% in few hours.

It worth reminding that at the beginning of the week due to this conflict Tezos became the object of an official investigation initiated by a number of investors in the ICO of this project.

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Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   196

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.