Absolute Coin is updating its wallet

The next version of the Absolute Coin wallet with an increased Master Node collateral on July 21
28 June 2018   338

Absolute Coin wallet version 12.2.3a will be released on July 21. The update is going to feature the following:

  • Master Node collateral increase to 2,500 ABS;
  • Sentinel upgrade to v1.2;
  • mncache issue fix

For the Sentinel (a governance, policing and reporting service which looks after the Master Nodes on the network) upgrade process a separate guide will be release so that users can upgrade smoothly. Users need to enable their nodes to start receiving rewards. The 1,000 ABS Master Nodes will cease receiving rewards starting from July 25.

Absolute Coin is fast and low cost blockchain for verifying advertising through PoV and backed by Master Nodes. More information is available here.

Crypto Investor to File Lawsuit Against AT&T

Michael Terpin believes that AT&T helped scammers to still his $24M worth crypto
16 August 2018   120

In the Los Angeles District Court, a 69-page lawsuit was filed by BitAngels founder Michael Terpin against the American telecom giant AT&T. Terpin claims that the operator assisted fraudsters in "stealing digital personal data" from the account on his smartphone, which is why he lost $ 24 million in cryptocurrency, according to an official release.

According to Terpin, for seven months, there were two hacks. Initially, an attacker got access to his phone number without providing a password or correct identification data. Later, the phone number was used to steal crypto.

AT&T’s studied indifference to protecting its customers’ privacy and financial assets is a metastasizing cancer, threatening hundreds of millions of unsuspecting AT&T’s customers. Our client had no idea when he initially signed up, nor when later he was promised the highest level of security for his account, that low-level retail employees with access to AT&T records, or people posing as them, can be bribed by criminals to override every system that AT&T advertises as unassailable.

Pierce O’Donnell
Lead counsel for Terpin in this complaint

Michael Terpin requires AT & T to pay him $ 224 million - $ 200 million for moral damages and $ 24 million for actual theft.