Factom to hold blockchain hackathon

Factom is hosting a Blockchain vs Paper Hackathon Showdown on June 9 and 10 to create killer apps against paper
22 May 2018   377

A practical blockchain platform for digital assets Factom will organize a hackathon on June 9 through June 10. Blockchain experts and beginners alike will join forces to build exciting blockchain applications. Participants are going to be tasked to utilize Factom blockchain and data from it to create solutions instead of storing the data on paper.

Team members can participate remotely as long as at least one member is present in person. Prizes are as follows:

  • 1st place – USD 2,000;
  • 2st place – USD 1,000;
  • 3rd place – USD 500

A jury of industry experts and professionals at Factom will decide the winners. The demo sessions will have a structure of 5-minute pitch to a panel of judges followed by a 5-minute Q&A. Food and beverages will be provided at the venue that is Capital Factory. More details about the event can be found at Eventbrite page here. At the moment of publication, Factom market characteristics are as follows:

Average price 20.32 USD
Market cap 177,668,990 USD
Volume (24H) 1,432,480 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   93

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.