Breaking: Bitcoin price set new record

Bitcoin costs $3183 now, while Bitcoin Cash continues falling rapidly
05 August 2017   1427

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

On the morning of August 5, the price of the first digital currency beat the $ 3100 mark.

Below, on the Bitfinex exchange chart, you can see how for about two hours the price of bitcoin has made a dramatic upswing, reaching a maximum of $ 3,190. At the moment, the price of the crypto currency has already been adjusted a little and it's about $ 3120.

Bitfinex Bitcoin Chart
Bitfinex Bitcoin Chart

Over the past day, the weighted average price of bitcoin increased by 11.26%, and the capitalization of "digital gold" overcame the $ 52.5 billion mark:

Top ten cryptocurrencies chart
Top ten cryptocurrencies chart

Bitcoin Cash

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

Also, as you can see on the screenshot, the price of "alternative Bitcoin" hardfork Bitcoin Cash falls down rapidly. It lost almost 20% of it's price for last 24 hours.

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.