SelfKey launches Identity Wallet Beta

Desktop wallet of SelfKey will be released on June 28 to innovate the identity management industry
26 June 2018   307

SelfKey is releasing its Identity Wallet Beta for desktop on June 28. The application is meant to innovate the identity management industry. Users will be able to create their own SelfKey ID for the upcoming SelfKey Marketplace and different KYC processes.

The wallet can be used as an ordinary cryptocurrency wallet to store, receive and send ERH, KEY and other ERC20 tokens. The wallet is not tied to SelfKey ID so all the transactions remain anonymous. SelfKey is a blockchain based self-sovereign identity system that allows individuals and companies to truly own, control and manage their digital identity, securely manage their cryptocurrency portfolio and instantly onboard onto financial, immigration and cryptocurrency services. At the moment of publication, market characteristics of SelfKey (KEY) are as follows:

Average price 0.007050 USD
Market cap 14,203,565 USD
Volume (24H) 102,055 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   109

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.