BTCC launches DAX cryptocurrency-only exchange worldwide

Chinese bitcoin giant BTCC launches global crypto-to-crypto exchange ‘DAX’ with Bitcoin/Ethereum Classic as its first trading pair
28 June 2017   1478
Blockchain

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

The longest-running bitcoin exchange in the world, Chinese giant BTCC, introduces its first pure cryptocurrency exchange BTCC DAX, which allows customers to exchange their bitcoins for ethereum classic and other cryptocurrencies, and vice-versa.

BTCC webinterface

Ethereum

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

A Twitter-based poll conducted by CEO of BTCC Bobby Lee in May showed that ETC was the most desirable currency to start trading with. Thus, the new platform started accepting customer deposits on Monday (June 26th) and trading was set to go live on Tuesday at the same time. BTCC also plans to list new cryptocurrencies on DAX in coming weeks: the next currency to be listed on DAX will be ethereum (ETH), which is to be introduced during the week of July 3rd, 2017.

The new platform «has a simple and easy-to-use interface that ensures a straightforward trading experience for beginning and advanced traders», - BTCC reports, adding that “the exchange is also fully responsive”, meaning that it is available on all desktop and mobile browsers. Signing up for the exchange takes less than five minutes to complete. On top of that, BTCC provides DAX customers with support, which is available round-the-clock for customer inquiries, with guaranteed responses within 12 hours.

BTCC DAX also offers customers a secure trading experience, with customers’ funds held in cold-storage.

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.