Waves launches Ether gateaway

Waves introduces a gateway allowing for trading of Ether on its lite client
20 July 2017   3016
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Waves, one of the largest Russian blockchain projects, having successfully launched Bitcoin, USD and EUR gateways, has implemented an Ether gateway within the lite client, opening more possibilities for decentralised trading. 

Ethereum

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

As reported, the gateway will enable users to store ETH and trade it against other tokens on the DEX, Waves' decentralized peer-to-peer exchange.

According to an announcement made by Gleb Kostarev, PR Manager at Waves, the Ethereum gateway will work in a similar way to the existing Bitcoin gateway: users will send ETH to the given address within the client and will receive a Waves token in return. These tokens will be backed 1:1 with Ether, and can be withdrawn and exchanged for ETH at any time.

While stored on the Waves blockchain, the Waves ETH tokens may also be traded for other existing Waves tokens, such as WBTC, or WAVES itself.

Ethereum is the foremost blockchain platform after Bitcoin itself, and it’s important to be able to offer users the opportunity to trade ETH on a decentralised exchange. In due course we’ll be adding more coin gateways, broadening our appeal and allowing not only trading but Waves crowdsales that collect a whole range of cryptocurrencies directly.
 

Sasha Ivanov
Waves CEO

This new trading feature on Waves gives investors yet another means to access and store value in Ether. The Ethereum (ETH) gateway is now live in the lite client.

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.