Bcash scam alert

Scammers are developing an altcoin with the same name as Bcash
07 August 2017   1900

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

The Bitcoin blockchain hard fork finally happened: SegWit opponents launched a user-activated hard fork (UAHF) to create Bitcoin Cash, a cryptocurrency competing with Bitcoin. 

However, the vast majority of the community is still confused by the abbreviation to use in order to refer to the brand new cryptocurrency: whether it is BCC, BCH, BTX, Bcash, etc.

Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

Thus, as Vitalik Buterin notices on his Twitter, it is profitable to create a cryptocurrency with the name like this in such a situation: 

A great deal of jokes has been played upon the Bitcoin Cash abbreviation:

Bitcoin Cash abbreviation debates on Vitalik Buterin's Twitter account Bitcoin Cash abbreviation debates on Vitalik Buterin's Twitter account


Zcash is the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography

Thus, as the report on Bcash (referring to the Bitcoin and Zcach collaboration) argues, "Bcash is a new cryptocurrency that uses the existing Bitcoin ledger combined with Zcash privacy technology" and it is to be launched in the first quarter of 2018. The authors of the article also claim that Bcash is not related to Bitcoin Cash by any means and it is the entirely different project. The Bcash developers also warn their potential customers:

There are a number of scammers trying to cash in on the Bcash name. Be very cautious of anyone using the ‘Bcash’ name at this time. Bcash is not available for purchase or sale at this time.

Bcash team

A popular Internet-resource @WhalePanda also sheds light upon such a problem by retweeting this post concerning some scams alert as soon as scammers, of course, did not hesitate to take their chance to confuse people even more and make some profit of it: 

Whether Bcash is scammers' tricks or a real new cryptocurrency, as always, remains to be seen. The only thing known for sure is that the community has to finally come up with the single idea about Bitcoin Cash abbreviation to avoid the mass confusion. 

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.