Huobi exchange launches Ethereum Classic

Huobi, one of China’s largest exchanges, introduces ETC trading on July 13
12 July 2017   2222

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

Ethereum Classic finally gets the green light as one of China’s largest exchanges, Huobi, launches ETC trading later today.

Not only this might be considered to be great news for all ETC users, but also it indicates some significant changes in cryptocurrency market world since Huobi is not the first platform to recently add ETC trading.

Ethereum Classic

Is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions

Huobi provides a system of incentives. Thus, bonuses are given to those who make a deposit of more than 50 ETC from 12 to 17 July. In addition, Ethereum Classic will be traded with low commissions for a while (from July 12 to July 16 - 0.01% and 0.05% - from July 16 to July 21).

The market reacts positively to the news as for the last day Ethereum Classic has grown in price in comparison with other crypto-currencies:

Ethereum Classic on chart Ethereum Classic on chart

It is evident there is a global demand for Ethereum Classic right now. Whether or not this is due to the ongoing Ethereum network issues, remains to be seen.

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.