Stellar Lumens goes down

Despite its recent optimistic developmet, Stellar Lumens fell 20% down during last week
31 October 2017   2494

Stellar Lumens tracked back by around 20% in the past 7 days reaching the price of $0,03 and market capitalisation of $488 million in comparison with $711 million marketcap on October 24.

Stellar Lumens Charts October 2017
Stellar Lumens Charts

Only two weeks ago the cryptocurrency saw 110% price jump which was linked to cooperation of IBM, Stellar.org and a number of banking partners announced on October 16. The cooperation aimed at cross border payments possible on the blockchain.

Within two weeks after the announcement it seems like the market euphoria in response to the news is calming, and the price of Lumens is going down.

Its price is expected to keep decreasing until the new Bitcoin fork Segwit2x which will be implemented in November 2017.

The coin price is currently remaining at the point of $0.029, which is far from the highest price it had in May 2017 costing $0.06, and it’s hard to predict if it will rise back or not in the nearest future.

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.