Bitcoin Cash price surge

A close up of Bitcoin Cash price surge and possible volatility
02 August 2017   2106
Bitcoin

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

Bitcoin Cash (BCH, BCC) is a hard forked version of the original Bitcoin, which is similar to the original cryptocurrency regarding to its protocol, same block times and reward system. However, the main difference is the blocksize limits, as from now on Bitcoin has a 1MB blocksize limit whereas BCC proposes 8MB blocks. 

Blockchain

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

As the Bitcoin blockchain hardfork was successfully launched on August 1st, a new cryptocurrency has entered the market. 

The community’s attitude to BCC remains a bit diverse. Thus, while some exchanges are not going to rush to add BCC trading to their lists, the others give a warm welcome to BCC tokens. 

Bitcoin Cash

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

One of the main reasons for such an ambiguous attitude towards Bitcoin Cash is BCC potential volatility. Although the cryptocurrency becomes the third-biggest cryptocurrency on the first day of creation, some experts predict extreme volatility for Bitcoin Cash. Firstly, it surged to $422 just after the first block was mined. Afterwards it dropped to $383. Then the price rose again up to $433.

Bitcoin Cash price chart on coinmarketcap.com Bitcoin Cash price chart on coinmarketcap.com

As the chart shows, BCC's price reached its peak so far at 13:50 UTC, that was 691 USD (so that the price has increased by more than 100% according to coinmarketcap.com). 

However, at the time of writing the price is again on the decline. It goes without saying that that's intriguing to observe the roller coaster of the brand new cryptocurrency, so we are lucky to be present at such a historical moment.

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.