Skip to main content

Posts

Showing posts with the label opinion

LifeLock Sues Xapo Executives Over Bitcoin Wallet Intellectual Property

Bitcoin bank and payment processor Xapo faces uncertain waters as much of the company’s executive team is being sued for contract violations. The misgivings center on the last months that Xapo co-founder and CEO Wences Casares, along with other Xapo employees, worked for the mobile wallet Lemon. In December 2013, the $1.5 billion online security company LifeLock acquired the mobile wallet for $42.5 million (and rebranded it LifeLock Wallet). As reported by Fortune, the lawsuit is over whether Xapo was originally developed during his and other Xapo employees’ time working for Lemon. Or as LifeLock’s compliant puts it, “using a product developed by Lemon employees, in Lemon’s facilities, on Lemon’s computers, and on Lemon’s dime.” Several months before Lemon would be acquired by LifeLock, the mobile wallet startup started working on a Bitcoin product, but the project was quickly terminated by its board of directors. Casares, Lemon CEO at the time, pushed on with the digital currency...

crypto currency: full steam ahead or a sinking ship without a warning signal.

where is the iceberg in the darkness ahead? when will the next tragic mishap strike?? from allcrypt to coin-swap to cryptoine and to probably way more people than is reported for fear of embarrassment or public outcry and bad feedback/credibility. This poor, new voyager into an ancient art of human manipulation, subversion and influencing never knew what it was up against when it blew up in 2013 to the 1000 mark and stepped out of the basement and into the lime light for its 15 mins. a much abused, well beaten and misused form of trust, or to use the more understandable word most describe as, currency, Cryptocurrency or Bitcoin (the original starlet and main player of the bunch which forms the umbrella term cryptocoins) yes! bitcoin has taken its blows. I'll give it credit though where its due, it as taken its blows like a man and not like some wimp pleading for clemency. It rose. It rose high. It reached such glorious hight, but like Icarus's lofty flight or Ph...