Top Managers to Leave to Block.one

Six managers are going to launch own blockhain project StongBlock
26 September 2018   1750

Six people left the top management of the crypto start-up Block.one. As CoinDesk writes, top managers have teamed up to create their own blockchain project StrongBlock.

Senior Vice President of Technology Operations David Moss, vice president of product Thomas Cox, vice president of infrastructure Brian Abramson and senior technology director Cory Lederer joined Block.one in 2017. During this period, the company through raised $ 4 billion thru ICO to create a decentralized environment for running EOS applications.

Now, together with freelance developers John Eric-Cook and Michael Mason, they will work on the development of a blockchain marketplace, which they could not realize in Block.one.

In August, David Moss, CEO of StrongBlock, compared the EOS blockchain with
by plane Boeing 787, and StrongBlock called "a factory of 787-x, manufactured on an individual order."

Currently, StrongBlock works in secret mode. The date of release of the new product is not reported.

In July, Block.one, which controls 10% of the total emission of EOS tokens, announced participation in the voting for block producers.

California Court to Issue a Temporary Ban on Blockvest

SEC had found a lot of violations, including the "approval" of non-existed "Blockchain Exchange Commission"
15 February 2019   154

The Southern District of California Court, represented by Judge Gonzalo Kuriel, issued a preliminary ban against BlockOw ICO-startup Blockvest LLC and its founder Reginald Buddy Ringold (Rasul Abdul Rahim El), citing violations of securities laws in the past and possible violations in the future.

SEC Info
SEC Info

Court ruled that the BLV tokenail violated the norms of section 17 of the Securities Act of 1933, and recognized tokens as unregistered securities.

November last year, Judge Gonzalo Curiel refused to recognize the Blockvest project token as a security, because the SEC could not prove otherwise.