Breadwallet will support BCH sending from 14.08

Breadwallet will be one of the first mobile cryptocurrency wallets with this feature
14 August 2017   2229

The Breadwallet cryptocurrency wallet will start to support the BitcoinCash (BCH) from 14 August. Thus, Breadwallet will become one of the first mobile wallets with Bitcoin Cash support. This is reported by the

In the meantime, the application will provide a one-time send function for users who want to move their coins to the time of the full implementation of the start-up. The project team believes that the BCH network must withstand, and in the future plans to introduce full support for BCH.

Our current plan is to add a simple feature to the existing Breadwallet app, that will let users send their entire balance of BCH to an address of their choosing. This operation can only be done once, and your entire BCH balance will be sent to the address provided. Your BTC will not be affected in any way.

James MacWhyte
Chief Product Officer, Breadwallet

The company informs users that along with the new functionality there will be certain shortcomings, for example, when sending a BCH balance, the transaction will be publicly associated with all addresses in the wallet. In addition, the announcement says that the company does not recommend sending BCH to the address in the Breadwallet application itself.

So far, not many mobile wallet operators have expressed their desire to introduce BCH support. Nevertheless, companies such as Jaxx and Airbitz are going to add it soon.

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.