Ripple price surge amidst Asian expansion

Ripple price soars following the FinTech startup’s announcement on opening an office in Singapore 
28 September 2017   1331

This Wednesday, the FinTech startup announced that it had opened an office in Singapore as part of its continuing plan to penetrate the Asian markets. The news had a great resonance in the cryptocurrency community, e.g. Ripple's price has increased significantly.

It's also noteworthy, that Ripple itself has been making a concerted effort to establish a significant footprint in the Asian banking sector recently. Thus, the company opened an office in India, as well as a base in Singapore.

Now, the Ripple price has begun growing. According to coinmarketcap.com data, following Wednesday’s 9% rally, the Ripple price has climbed to $0.204. Ripple now has a market cap of $7.8 billion which has enabled XRP to come back into the 3rd-place position in the market cap rankings, leaving Bitcoin Cash behind.

XRP on coinmarketcap.com
XRP on coinmarketcap.com

On top of that, the vast majority of Ripple trading is concentrated on the three Korean exchanges that list XRP pairs, as cryptocoinsnews.com details.

XRP trading volume chart on coinmarketcap.com XRP trading volume chart on coinmarketcap.com

As shown, Bithumb’s XRP/KRW pair accounts for more than half of Ripple’s daily volume, and traders on Korbit and Coinone added another $57 million of liquidity to that currency pair.

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.