Top manager left Tezos

Guido Schmitz-Krummacher, member of the Board of Directors of the Tezos Foundation resigned because he was frustrated by the infighting
15 December 2017   3992

Member of the Board of Directors of the Tezos Foundation Guido Schmitz-Krummacher resigned. This decision was made against the backdrop of a conflict between the founders of the project, Cryptomarkets. pro reports.

According to the publication, Schmitz-Krummacher left the organization, because he was tired of the strife between the couple Arthur and Kathleen Breitman and the president of the Swiss fund Johann Gevers. In accordance with the internal charter, Gevers can now nominate a candidate to fill the vacated position, and the decisive vote remains for him if the third member of the council protests.

Note that the company headed by Breitmans from the US state of Delaware currently owns the source code of the Tezos crypto currency project, while under the management of the Swiss fund Tezos Foundation there are all funds raised during the ICO - about $ 232 million.

Meanwhile, three collective lawsuits have been filed against the founders of Tezos in the United States. Spouses are suspected of violating the securities laws and deceiving the participants in the crowd-banding campaign.

In particular, Breitmans are accused of fraudulent sales of Tezzies tokens under the guise of charitable contributions and the misappropriation of "tens of millions of dollars." Previously, they intended to cover legal costs at the expense of investors, but were refused.

Breitmans both have active Twitter accounts.

Last own Kathleen Twitter post is regarding "cheesy Christmas gift".

Arthur posted the developer's diary update. It is worth noting that there were no posts related to lawsuits in their Twitter accounts earlier. 

Dogethereum Coin Launching in 2018

Dogethereum is a new digital currency, which will be founded on snapshot of Dogecoin and based on ETH algorithm with fastest speed of transactions and smart contracts
21 March 2018   75

Bitcointalk forum is well-known for being one of the fastest sourses of news regarding cryptocurrecnies and digital assets. In February of 2018 the thread about Dogethereum, a new decentralized digital currency, which will be founded on snapshot of Dogecoin and based on ETH algorithm with fastest speed of transactions, smart contracts, appeared on Bitcointalk.

As it was stated in the announcement, the goal of the project is to push Doge currency to the brand new direction, with no ASIC mining, speed and simplicity. The project is stated to be community driven, and there will be no ICOs, premines or other manipulations. DOGX is developed by professional team of engineers and economists who are passionate about crypto currensies, so there are no extra commissions, fees or predefined stakes.

Roadmap of Dogethereum:

  • Establish secure stable network -  DONE 
  • Warm up and prepare network for public access - IN PROGRESS
  • Fork of all coins DOGE 1:1 DOGX - DATE TO BE ANNOUNCED
  • Public advertisement and promo - SOON
  • Listing on crypto Exchanges 
  • Research and development of faster algorithm with better scalability - 2019

The exact fork date has not been announced yet, but it is reportedly scheduled for winter 2018.