Zimbabwe Golix added Ethereum and Bitcoin Gold

The Zimbabwean cryptocurrency exchange reports to traders and users about it
09 December 2017   2187

The Golix.com exchange platform sent an email about adding Etherium and Bitcoin Gold. Golix exchange platform already allows for trade in Bitcoin. Some times ago Golix had a two-day disruption to their order books after a technical problem on the platform. Now Golix also advised that the exchange platform was back up.

Golix reported the two-day outage on the exchange’s order book had been undertaken to protect traders and holders from price volatility pending finalization of the technical problem. It taken more time to resolve.

We decided to cancel all pending orders to protect you from cryptocurrency price volatility. It took so long to fix but when fixing problems in production it’s important to us that we take our time and be careful.

 

Grom Golix letter

Earlier, In October, Golix.com processed Bitcoin trade values amounting to $1 million when Zimbabwean banks fail international transactions on time.

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   183

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.