Crypto Entrepreneur Michael Terpin Sues AT&T For Role In Alleged Theft of 3 Million Tokens

Crime, News | August 15, 2018 By:

Entrepreneur Michael Terpin has filed a $223.8 million lawsuit against AT&T, alleging 16 counts of fraud, gross negligence, invasion of privacy, unauthorized disclosure of confidential customer records, violation of a consent decree, failure to supervise its employees and investigate their criminal background, and related charges in US District Court in Los Angeles.

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Venezuela’s Petro Cryptocurrency To Be Used As Unit Of Account For Salaries, Goods And Services

Announcements, News | August 15, 2018 By:

Venezuela’s President Nicolas Maduro has announced that the country’s oil-backed cryptocurrency, the Petro, will be used as an official unit of account.

In a televised announcement, Maduro said that oil and gas company Petróleos de Venezuela (PDVSA) will begin using the oil-backed cryptocurrency as a mandatory unit of account.

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Blockchain Startup Sued By Playboy For Breach Of Contract

Blockchain, News | August 15, 2018 By:

Media and lifestyle company Playboy Enterprises, the parent company of Playboy Magazine, is suing a Canadian blockchain startup on allegations of fraud and breach of contract.

In March of this year, the adult entertainment publisher signed a memorandum of understanding (MOU) with Global Blockchain Technologies (GBT) to develop a digital wallet that will enable the integration of Vice Industry Token (VIT) into Playboy magazine’s online channels.

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