SunContract is set to launch its P2P electricity trading platform

SunContract is finalizing Stage 2 of the platform and prepared to release it on time on April 13
27 March 2018   407

SunContract developers team has shared the news concerning the Stage 2 of its platform for peer-to-peer retail electricity trading: as the troubleshooting and testing phases are coming to the conclusion, it is reported that a partner company in Slovenia SONCE completed the contracts signing with the platform Pioneers. Thus, the launch of the platform is on schedule - April 13. The upgrade process will go as follows: on April 1 Stage 1 platform will be deactivated, Pioneers registration and on-site purchases will be disabled for the time being - the so-called 'Hideaway Period'. The period ends on April 13 with the official reveal and activation of the Stage 2 of the platform.

Also, on April 1 the production and supply of P2P energy will begin to Slovenian households, and the Pioneers will be able to enjoy the unique automatized algorithm that makes the engine of the renewed platform. After the presentation at the Smart Villages (high guests and speakers from all of the EU are attending) in the morning of April 13, the working version of the Stage 2 will come online at 3pm and the update of mobile apps (users will be able to check hourly consumption, production and transactions through the app) will be necessary - the web version will update automatically.

At the moment of the publication, the market parameters for SunContract are as follows:

Average price: $0.180142

Market cap: $20,738,882

Volume (24h): $6,862,600

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.