IOTA enters Сhinese market

IOTA cryptocurrency starts its journey into the Сhinese market
24 July 2017   7219

A cryptocurrency designed for the Internet of Things, IOTA, enters the Сhinese market, as IOTA team reports on social media.

Blockchain

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

While Bitfinex, formerly the sole exchange of IOTA, operates in Hong Kong, and offers 3 trading pairs: BTC, ETH, USD, the chinese exchange Bit520 becomes the first exchange in mainland China to offer the CNY trading pare, hence "IOTA starts its journey into the Chinese market".

IOTA enters Bit520 exchange   IOTA enters Bit520 exchange  

That is another small, yet significant step for IOTA cryptocurrency, for which things have been going pretty good lately. 

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   125

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.