China exchanges shutdown is just rumours?

Some cryptocurrency enthusiasts speculate that the China exchanges shutdown might be just a conjecture
08 September 2017   1018

Nowadays, China's cryptocurrency exchanges shutdown is a real hot potato. It is believed that the regulators are seeking a shutdown of exchanges as a part of the ICO ban imposed earlier this week. Due to this news, Bitcoin and other top ten cryptcoins are falling down.

However, some cryptocurrency enthusiasts, such as Charlie Lee and Samson Mow, speculate that the China exchanges shutdown might be just a conjecture.

Samson Mow, CSO of Blockstream and CEO of Pixelmatic, supports his statement saying that "PBOC [The People's Bank of China] isn't exactly shy about making official announcements", so if the news were correct, the community would know it from the firsthand.

Would you believe news on CNN saying Bitcoin is banned in the US without any statement or source from the SEC or CFTC? or NYDFS?

Samson Mow
CSO of Blockstream and CEO of Pixelmatic

The man concludes claiming that real or not, he doubts "anyone wants to go down in history as the person who tried to ban Bitcoin".

Whether the news is true or false, remains to be seen. 

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.