Makor Group to cooperate with New ICO Investre Network

The Makor Group declared that its crypto brokerage, Enigma securities, has started a strategic partnership with the Investre Network, a new ICO
28 June 2018   383

Makor mentioned the partnership in a company statement: “marks the beginning of an exciting collaboration between two major players in the cryptocurrency community.” Enigma securities supposes the alliance will let it provide better service to its institutional customers: “the collaboration will enable Enigma and Investre to deliver truly world-class crypto capabilities. This joint effort will be exceptional in the under-serviced, fast-growing cryptocurrency market.”

Being a part of the Makor Group, Enigma Securities is a specialised broker-dealer that provides the institutional investors with the access to the cryptocurrency market. Over the platform, its clients can sell and settle in crypto as well as in US dollars. The Investre Network is a cross-chain lending platform which is focused on crypto financing, powered by blockchain. The service is like securities lending but in a disintermediated manner. That means there is no involvement of intermediaries or centralised agencies.

The network customers can transact on standardised borrowing/lending contracts in disintermediated crossing networks. The investors are also able to transact on non-standardised and customised contracts with preliminary matching. These contracts are simplified by Investre and the bilateral negotiation is being held in a secured virtual meeting room.

The network also plans to facilitate the completeness of the crypto market. Its cross-token clearing technology makes an infrastructure that will let the future introduction of different cryptocurrency products. The network is stated for a full-scale launch in the second quarter of 2019.

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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.