Ted Livingston, the founder and the head of Kik interactive, and who also created the eponymous messenger, considers blockchain as a dead-end technology. According to Livingston, "blockchain is useless for you, unless you are trying to create one of the world’s most popular cryptos." He is sure that blockchain can be used only in the crypto sphere. It is interesting that this statement was made less than a year after a successfully conducted ICO.
Tezos investors can’t access their tokens because of a “password”, that was not previously required. The problem occurred when Tezos developers, at the time of launching the platform’s beta version, asked users to insert the public key’s hash into a special cell. However, documents given to ICO participants didn’t contain such data. This demand was unexpected for all the community members, one of them even tweeted if Tim Draper, a venture capitalist, remembered his password.
6 German financial institutions, including banks and other companies, have already been working with cryptos under the German FCA’s control. The names of these organizations are not specified, but it is known, that they are engaged in crypto operations. In its report, the FCA has noted, that it did not receive complaints about money laundering or other suspicious crypto activities from these institutions. It is interesting, that companies deal with cryptos despite the fact, that Germany has not decided yet on its position on crypto regulations.
Mary Jo White, former chairman of the US SEC and a current representative of Debevoise & Plimpton, an international law firm, will defend the interests of Ripple Labs on a collective lawsuit. The claim is filed on behalf of all investors, who purchased XRP tokens since the foundation of Ripple Labs. Ripple is accused of violating the federal securities law, some California laws and "carrying out an endless ICO."
Samsung SDS, a subsidiary of the Samsung Group, is launching a new electronic financial platform, based on blockchain with artificial intelligence. Nexfinance users will be provided with automatic insurance payments, financial concierge services and digital identity management. Blockchain will be used for more secure personal data transfers to the digital identification service.