А digital revolution is around the corner

Digital Revolution is around the corner
23 June 2017   2286

The two worldwide famous enterprises, namely an Estonian legal startup Agrello and Blockchain Development Corp ViewFin have recently declared their partnership on Digital Identity Implementation, that can be surely related to “smart agreements”.

The most strategically important reasons of their software success are following:

  • no coding or legal skills required
  • easy to set up
  • automated engine
  • legally binding agreements

During the “Blockchain and Finance Conference” (BFC2017)  Allegro announced that they were going to use an unique technology and graphical interface to develop a shared digital identity engine.

Among  key reasons for their choice to develop on Ethereum, Hando Rand, Agrello CEO listed several such as

-the maturity of the Ethereum ecosystem

-the continuous efforts by the Ethereum Foundation to overcome regulatory hurdles

According to the announcement on their unexpected clever agreement, Agrello will release an Ethereum-based token in its upcoming ICO but they are also going  to remain compatible with other blockchain environments, namely Metaverse, Antshares, Lisk, Qtum, RSK, Ethereum Classic and NEM at last but not least.

Thus, the optimised system for the Ethereum ecosystem by Allegro will definitely be a success.

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   109

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.