BTCC mines first SegWit block

Segregated Witness protocol activated in the Bitcoin blockchain: BTCC pool mines the first SegWit block
24 August 2017   3446

Segregated Witness is the process by which the block size limit on a blockchain is increased by removing signature data from Bitcoin transactions. When certain parts of a transaction are removed, this frees up space or capacity to add more transactions to the chain. 

Today, on August 24th, the activation of the protocol finally took place at 01:57 UTC on the block 481,824 found by the BTCC pool.

SegWit activation: block details on coin.dance SegWit activation: block details on coin.dance

The community seems to be pretty excited about the news. Thus, Charlie Lee, the Litecoin creator and an active Twitter user also known as one of the most honest developers in the cryptocurrency world, congratulated Bobby Lee, Co-founder and CEO of YourBTCC, on the social media:

With the activation of SegWit, a number of problems connected with Bitcoin are to be eliminated. On top of that, the activation will enable the opportunities for significant network scaling and the implementation of various innovative projects. 

In addition, now it is possible to launch the Lightning Network protocol, a solution designed to perform microtransactions.

Is this it for Bitcoin drama, remains to be seen. At least there's still the possibility of SegWit2x hard-fork in November. 

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   125

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.