Enigma to Join Forces with Intel

Enigma plans to work with Intel and other partners to develop applications that will support its protocol and Intel's Software Guard Extensions (SGX) 
21 June 2018   355

Blockchain start-up Enigma will use Intel's SGX technology to improve the "secret contracts" focused on increased privacy. Secret contracts are a type of smart contract for public blockchains that use cryptographic tricks to keep transaction data hidden from view This is reported by Coindesk.

Privacy is currently the biggest barrier to smart contract adoption. Blockchains are good at correctness, but bad at privacy by design. Smart contracts and decentralized applications will need to be able to use private and sensitive data to see global adoption.
 

Enigma's Spokeperson

Enigma plans to work with Intel and other partners to develop applications that will support its protocol and SGX.

Intel is committed to enabling business transformation by shortening the time-to-value from blockchain implementations and working with the industry to address privacy, security and scalability challenges. Enigma’s protocol approach is helping solve the challenges on public blockchain networks and improving data privacy and smart contract security.
 

Rick Echevarria

Vice President, Software and Services Group and General Manager, Platforms Security Division, Intel Corporation

This year, it will launch a pilot project designed to test its technology and demonstrate the potential of the joint work of SGX and the Enigma protocol.

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.