AdEx to Become the First DApp Based on NEO

Decentralized blockchain platform AdEx announces its technical partnership with NEO
16 August 2017   1731

The decentralized blockchain platform ad network AdEx will work closely with the NEO Smart Contracts System, often referred to as “the Chinese Ethereum”:

Thus, AdEx plans to implement a full transition to the NEO smart contracts system, which is very well thought through and effective, according to the AdEx representatives. They also believe that this cooperation will contribute to the development of the NEO ecosystem, and the new platform for the exchange of ads will become one of the first decentralized online services based on the blockchain.

We see the huge potential of NEO and this is why we are aiming at becoming the first NEO-based DApp. We are exciting about porting the AdEx core as we are convinced this will increase the efficiency of our advertising network.

Ivo Georgiev
CEO and founder of AdEx

According to Tony Tao, Secretary-general of NEO Council, this step will also have a positive effect on the further development of the so-called smart economy:

We are looking forward to AdEx moving its core to the NEO ecosystem. We are positive that DApps will help us push the Smart Economy further, and AdEx is an excellent trailblazer for this.

Tony Tao
Secretary-general of NEO Council

As reported, AdEx is currently working on releasing a prototype of their service. The prototype will be presented earlier than planned — the project’s white paper stipulates the first version of the platform will be released in February 2018, however the AdEx team is optimistic that it will be available to the general public a few months prior to that. The project is developing at a fast pace, and the ADX token is gaining a momentum on the various exchanges where it is traded.

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.