Cryptocurrency market capitalizations overview

Ethereum falls below $300 due to ICOs issues
26 June 2017   1606
Blockchain

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

Bitcoin and the most of the altcoins had a new downturn this weekend and left investors wondering what this week will bring to their capital.

This Monday, Bitcoin had fallen to an average $2530 on Coinmarketcap, -5.15% in 24 hours.

Ethereum (ETH), due to three ICOs with network issues last week, fell considerably even, returning below $300 to currently trade around $283.

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ETH’s sudden network issues meanwhile is leading analysts to forecast continued losses into this week.

Tone Vays highlighted weak lines of support versus BTC, and argued prices “might drop another 40%” before “strong support” appears.

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.