Falcon to add Ethereum, Litecoin and Bitcoin Cash

Falcon bank to add Ethereum, Litecoin and Bitcoin Cash to its current Bitcoin blockchain asset management services
16 August 2017   1492

Falcon Private Bank, a Swiss private banking boutique with 50 years of expertise in wealth management, will add Ethereum, Litecoin and Bitcoin Cash to its blockchain asset management services on August 22nd, 2017.

Thus, last month, Falcon announced that it is the first Swiss private bank to provide blockchain asset management solutions for its clients, enabling them to exchange and hold Bitcoins via Falcon by using their cash holdings.

We are pleased to add Ethereum, Litecoin and Bitcoin Cash to our services just a month after introducing blockchain asset  management solutions with Bitcoin. The first reactions to our Bitcoin services have been very encouraging and we are convinced that by adding three new blockchain assets we will fulfil our clients’ future needs.

Arthur Vayloyan
Global Head Products & Services, Falcon Private Bank

With the addition of Litecoin and Bitcoin Cash, Falcon’s clients will enjoy even broader portfolio diversification possibilities as well as the same easy access and convenient offline storage within the Bank, Falcon team reports.

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.