Antshares gained 400% in one week

Chinese blockchain platform received a "boom" growth
23 June 2017   1026

AntShares is a Chinese blockchain platform. It had big price spikes recently, now is at 9$.

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

AntShares Charts
AntShares Charts

This blockchain platform is not popular in the Western world now. It is due the fact that it is not targeted at western customers. It's about time to get familiar with this product.

What’s inside?

AntShares features:

  • It uses smart contract like Ethereum, but it is possible to held multiple classes asset in one chain.
  • Platform is Sino-centric.
  • It is focused on “digital asset registration,” and has successfully helped more than one firm.

Can AntShares become a Badu for Bitcoin's Google? Fact that AntShares is native for China and "knows" how to navigate in it's regulatory landscape can really help this platform to become successful. AntShares is far from Bitcoin and it can be it's plus too.

Local currencies and networks

The main factor of currencies' popularity is its social acceptability and social network effect. Facebook is not main social network in a lot of counties, for example, China and Russia have their own social networks. Facebook competes for users in this countries with local social networks.

Same with Bitcoin. Worldwide this currency is or not, Bitcoin is less popular in non english-speaking regions. It is much harder to learn about it in places like China. So, projects like AntShares have all chances to get its regional alcove. Same for Russia - instead of Bitcoin, russian users can get homegrown analogue. There are two variants, why AntShares received such a "boom" growth:

  1. Upcoming conference.
  2. Cryptocurrency enthusiasts are looking for other innovative projects which appear untapped.

If AntShares will become more widely used in China, it can get a many-fold value rise and at the moment we may be witnessing only the beginning.

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   109

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.