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Tezos News - Reuters Wanted to Kill Our ICO: Tezos’s Kathleen Breitman Shares Her Take on Major Controversy

  • Alex Morris
    📰 News

    No, Kathleen Breitman didn’t bury the hatchet with the media, but Tezos is doing just fine

Reuters Wanted to Kill Our ICO: Tezos’s Kathleen Breitman Shares Her Take on Major Controversy
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Breaker has recently interviewed Tezos cofounder Kathleen Breitman to find out her take on an infamous controversy. She didn’t bury the hatchet with Johann Gevers, but the young entrepreneur is currently focused on further growth.       

👉MUST READ Past ICO Review: Tezos, Crypto King for a Day

Too big to fail?  

Tezos, a Blockchain project that was marketed as a “self-amending” Blockchain, is a textbook definition of a frontloaded success. As of June 2017, the startup successfully completed the biggest ICO in history, raking in a whopping $232 mln in Bitcoin (BTC) and Ethereum (ETH). However, due to a schism between Johann Gevers, the president of the Tether Foundation, and its founders, Arthur and Kathleen  Breitman, the ambitious project appeared at an impasse, and investors wouldn’t get their tokens months after the ICO. Eventually, this delay led to a couple of class action lawsuits.

Talking Reuters and Gevers

In an interview with Breaker, Kathleen Breitman reveals that it was a rather stressful experience to constantly remain under pressure. However, she also says that she wasn’t that affected by the negative press coverage, and remaining in the spotlight requires “a thick skin.” Still, she admits that she became the media scapegoat along with her husband while pouring millions of dollars of their own money into the project. She accuses Reuters of trying to kill their ICO by misrepresenting her words and making it seem like Tezos will never take off.   

Breitman had some hard words for Gevers, calling him a “vile r****d.” Despite the fact that the cooperation with him was a stepping stone for their expansion in the Crypto Valley. As soon as he became the president of the foundation, they would start sparring over mundane things. Gevers’s irresponsibility — he wouldn’t show up at his work for weeks and almost lost of all their Ethereum funds after hiring a dyslexic person to compare hashes — contradicted with the project’s fundamental values.

Life goes on  

Despite the infighting and legal troubles, Tether is finally getting back on track, having launched its mainnet in September (the token immediately spiked by 25 percent). On top of that, there are new ecosystem developments that include TezosKit and TezBox.

Speaking of the network progress, Breitman reveals that there were “a few bugs,” but Tezos is improving.

She also reveals that her next project — a collectible card game that runs on Tezos — is already in the pipeline.

👉MUST READ Top 10 ICOs by Funds Raised, From Filecoin to TRON

 

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Tezos News - What Happened in September in the Cryptoverse?: Global Overview and Regulatory Headlines

  • Darryn Pollock
    ⭐ Features

    September showed a lot of intriguing developments in the city space with regards to global changes and regulatory movements.

What Happened in September in the Cryptoverse?: Global Overview and Regulatory Headlines
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September saw a few major occurrences across the Cryptocurrency universe in terms of its global impact and overview, as well as in regards to regulatory headlines. But September will probably be remembered as the month after the SEC denied a couple of ETF applications and kept the rest of the ecosystem on tenterhooks with regards to this product.

For this reason, September was a bearish month with Bitcoin’s price dropping substantially in the early parts of the month, and even Ethereum hitting a new low for 2018. However, there were some positives in other countries has Iran accepted cryptocurrency mining as a legitimate industry and the Winklevoss twins launched the Gemini Dollar.

Starting with a crash

On Sept. 5, after Bitcoin had recovered from the news of delayed and denied ETFs, the cryptocurrency market suddenly and rapidly plummeted. It was unknown as to what catalyzed this downturn, but there were a few theories thrown about.

At first, it was believed that Goldman Sachs’ decision about rolling back a trading desk affected the markets, as reported by multiple headlines. However, that was more an issue of coincidental timing as the Wall Street bank even denied their influence would have such an effect.

The lows emanating from this crash went into effect Ethereum hard. The second largest digital currency by market cap was overtaken twice by XRP as its price dropped substantially. Ethereum’s loss in terms of price was attributed to the bearish market as ICOs on the Blockchain decided to sell off their assets to stem the bleed.

Across the globe

There were a few positives across the globe for cryptocurrencies, such as in Iran, a country looking to build its own cryptocurrency to avoid sanctions. The Iranian government decided that cryptocurrency mining would be a legitimate industry in the middle east.

Additionally, India, a country with a chequered past when it comes to cryptocurrencies, decided to send officials to the US, Japan and Switzerland in order to study cryptocurrencies and ICOs further. This comes after India banned businesses using cryptocurrencies without out much more thorough research earlier in the year.

South Korea was also in the news in a positive way for Blockchain as the government started up a partnership with the aim to train over 40 Blockchain professionals. South Korea’s relationship with cryptocurrency has gone through a lot this year and while it is stringent in its regulation, it is also forward thinking for its potential.

Tezos was also back in the news after it had a massive breakdown following its ICO when the heads of the Blockchain company began infighting, threatening to scupper the entire operation. However, in September, they finally announced that the mainnet of their program was launched.

Regulatory steps in September

While the SEC did not make too many big steps in its approach to a Bitcoin-based ETF following decisions in July and August, it did seek further clarity and comment on VanEck’s ETF, a product which is being well regarded as a potential success with the SEC.

However, the SEC did also suspend trading of two crypto-based securities. Citing “confusion” among investors, the SEC issued a notice that these two ETNs — Bitcoin Tracker One (“CXBTF”) and Ether Tracker One (“CETHF”) — would cease trading until September 20.

Keeping in line with regulators though, the Winklevoss twins bounced back from their denial of an ETF by launching the Gemini Dollar. This was touted as a fully regulated and compliant ‘stablecoin’ which is pegged to the US dollar.

Impact of Telegram

The Gemini dollar also piqued some interesting chatter across Telegram with Sept. 10 seeing a spike in interest for this event. On that date and the following day, Gemini Dollar talk matched about four percent of talk about Bitcoin across Telegram, and its ripples were felt through until Sept. 21.

Tezos also saw a lot of chatter across Telegram in September as its mainnet launch approached. On Sept. 15, 18, and 21, the talk of Tezos reached between 7 and 12 percent of all talk of Bitcoin across the messaging app.

Tron Tracker

Tron is a project that a lot of people have been keeping their eye on as the long and complicated process keeps unwinding and making more and more strides. A big advancement for Tron, just heading into September, was the launch of its Tron Virtual Machine which it touted as a new chapter for the dApp ecosystem.

Hunters & Followers

In terms of the Blockchain space and the major cryptocurrencies, there was a definite and obvious game of hunting and following that took place right near the summit of the market cap. Ethereum had a very poor September and lost a lot of its price gains in its new 2018 low.

As Ethereum slunk away in terms of its price, it also lost a lot of its market dominance, and respectively, it lost its second-spot to Ripple on a few occasions. Ripple announced its own xRapid program and because of that saw some good gains even over a bearish month.

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