BurstCoin to undergo a Hard fork

The second hard fork by BurstCoin is scheduled for block 500,000 and will take place on June 14
29 May 2018   473

BurstCoin's second hard fork will be executed on June 14. The first one took place in March. The activation block is set at 500,000 block. Official name of the upcoming hard fork is Pre-Dymaxion Hard Fork. Earlier, a FluxCapacitor was added to the code base to manage the activation of the features.

The hard fork is going to enable:

  • PoC2;
  • dynamic fees;
  • more transactions per block;
  • multi-out transactions

These changes will ensure the increase of on-chain transaction capacity and improve the overall scalability of the coin. In perspective, the new coin will be able to serve a market at least one order of magnitude bigger that it could before. At the moment of publication, BurstCoin parameters are as follows:

Average price 0.022740 USD
Market cap 44,185,524 USD
Volume (24H) 312,885 USD

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.