All Things Alt: The Internet of Block Chains and an Injunction Against Moolah
The altcoin community has often been rocked by scandals and platform crises, and the past two weeks have been no exception. Despite the controversies and occasional market panics, however, project development soldiers on, aspiring toward ever more lofty goals in the face of this adversity. Emergency injunction granted against Moolah. The syscoin development team released a legal update in its ongoing battle for custody over the remainder of the 1,500 BTC it raised during a crowdsale managed by Moopay LTD, the embattled digital currency services company at the center of a scandal....
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Syscoin's emergency injunction against Moolah was granted by a UK High Court judge. On Friday, a UK judge granted Syscoin's emergency injunction against Moopay LTD and former Moolah CEO Ryan Kennedy (also known as Alex Green). The injunction bars Kennedy and Moolah from selling the 750 bitcoins Syscoin raised during its initial coin offering and entrusted to the company's escrow service. If Kennedy violates the injunction, he could face prison time. Also Read: Leaked Document Supports Theory that Moolah CEO Alex Green Changed Name. Syscoin Injunction Against Moolah Granted by UK Judge.....
Syscoin's emergency injunction against Moolah was granted by a UK High Court judge. Last week, a UK High Court judge granted Syscoin's emergency injunction against Moopay LTD and former CEO Ryan Kennedy (also known as Alex Green). On Monday, the High Court granted the final injunction and served it to Moolah. According to the Order, Moolah has until October 28 to return the 750 bitcoins Moolah was holding in escrow for Syscoin. Also Read: Bitcoin Exchange CEO Alex Green Exposes Himself as Scammer Ryan Kennedy. UK Judge Orders Bitcoin Exchange Moolah to Repay Syscoin's Escrow Fund. On....
On Monday, a United Kingdom High Court judge granted Syscoin's final injunction against Moopay LTD (more commonly known as Moolah) and former CEO Ryan Kennedy (also known as Alex Green). The injunction included a provision ordering Kennedy to repay the 750 bitcoins Syscoin had deposited in Moolah's escrow service. The Syscoin price rose 17% following the announcement. Also Read: United Kingdom Judge Orders Bitcoin Exchange Moolah to Repay Syscoin's Escrow Fund. Syscoin Price Rises After Judge Orders Moolah to Return Bitcoins. Syscoin. When the news first broke that Moolah had effectively....
Moopay LTD and ex-CEO Alex Green have been ordered by a UK court to hand over 750 BTC to the team that developed the syscoin cryptocurrency. The final injunction, issued by the High Court in London, was granted in response to a request from UK-based law firm Selachii LLP on behalf of syscoin. Moopay, known commonly as Moolah, and Green had been holding the money for the developers and have now been ordered to repay the 750 BTC before 16:00 (GMT) tomorrow. The move follows an emergency injunction granted on Friday by the High Court. At the time, the team's legal counsel advised the court....
Taking the block chain out of Bitcoin and applying it to concepts beyond currency will be a key part of 2015. Their trustless, decentralized nature and future smart contracts provide more than just currency. Today, block chains are the data structure core to decentralized cryptocurrencies. Block chains are bubbles of market-driven nascent economies and platforms of permissionless innovation. Block chains, the concept, are even more important than the bitcoins they safeguard. I'm a big believer that the Internet of Things will grow one very compelling use case - Paul Brody, IBM. For a....