O-Systems will release it's own cryptocurrency exchange

Cryptency is created to provide a complete solution for online traders 
08 July 2017   1551

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

O-Systems, widely known developer company of binary options, currencies and CFD software, is going to release a new solution - crypto-currency exchange platform. Project named Cryptency.

Vista Brokers, a world-wide international investment and brokerage company with license from the Cyprus Securities and Exchange Commision, will be a partner for a Cryptency start.

Users of Cryptency will be able to trade 860 crypto-currencies, which are supported by Bitfinex, Kraken and Poloniex. Platform will support only Crypto-currency / Crypto-currency trading.

Cryptency is developed as a complete solution for online traders. According to the developers, it will integrate exchange markets, margin trading and exchange trading functionality. After the six months of development, developers claim to provide "built-in KYC compliance", custom relationship and risk management systems. Such features as charts, indicators, widget and dynamic content as news streaming will also be provided.

The fast rising of the crypto-currency led to a growth of interest from online brokers. Trading platforms for bitcoin and its counterparts have already been offered by Alpari, Panda Trading Systems, Henry Capital Markets Group, Ayondo, Plus500, Avatrade, FXOpen, XTB, JFD Brokers, Instaforex and other brokers.

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.