RChain to launch testnet

RChain is organizing RCon3 event on September 3-4 with a testnet launch as part of the event
19 June 2018   469

RCon3 assembles dApp developers, investors and researchers to introduce the RChain platform and the chance to participate in the launch of the RChain testnet on September 3. The event will feature 4 tracks:

  • technology;
  • blockchain solutions;
  • research;
  • development

Highlights of the program include practical workshops for dApp developers, launch of the RChain testnet, demonstration of the Rhoc/Rev swap and key signing parties. RChain testnet launch section is going to encompass informational sessions for validators and investors on PoS economics, infrastructure requirements and system engineering.

More information is available here. RChain market characteristics at the moment of publication are as follows:

Average price 1.02 USD
Market cap 367,919,886 USD
Volume (24H) 745,146 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   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.