Oyster is launching its Mainnet

The Oyster team has delayed the release if the Mainnet due to the technical complications in April and the launch is scheduled on May 29
28 May 2018   576

Back in April, the Oyster team has decided to postpone the Mainnet launch until May 29. The reason for the delay was due to the fact IOTA did not implement the Tangle features on time. The Tangle is supposed to be the backbone of the Internet-of-Things and provide Swarm Intelligence and sharding for the whole system.

Sharding is essential for the Oyster Mainnet because the Oyster protocol will serve large-scale redundant file storage. As the main Tangle lacked the sharding, the Oyster development moved to a private Tangle. This move resulted in re-architecting the backend already provided by the Oyster testnets.

Oyster is building a unique platform for anonymous decentralized storage and plans to revolutionize the way websites monetize their content. The Oyster Mainnet will involve the use of real funds. At the moment of publication, the Oyster market parameters are as follows:

Average price 0.547023 USD
Market cap 42,649,702 USD
Volume (24H) 548,263 USD

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   93

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.