An interview with ETC’s Donald McIntyre, Bitfinex struggles, AT&T and T-Mobile lawsuits, and Bitcoin comments and predictions filled crypto headlines today. Take a minute to brush up on the news.
Interview: Donald McIntyre (ETC Dev Team) On The Advantages Of Ethereum Classic
Crypto Insider recently got the chance to interview Donald McIntyre of the ETC development team.
Ethereum is a much talked about crypto asset and platform. But ETC sees less conversation.
“If you follow him on Twitter, you will discover that he is one of the most vocal advocates of the original Ethereum blockchain, and he can go as far as calling other crypto community members out in order to point out his perspective on the subject matter”, explained Crypto Insider about McIntyre.
McIntyre disagrees with the move to Proof-of-Stake (PoS) for ETH. McIntrye sees ETC as a one-of-a-kind cryptocurrency and even lobbies for ETC over ETH.
For Bitfinex Users, Dollar Withdrawals Are Now A Weeks-Long Struggle
Bitfinex has made headlines over the past many months. Today sees an article chronicling users struggling with exchange withdrawals – still.
News dates back almost a month for this ordeal, with users facing asset withdrawal difficulties. CoinDesk reports of Bitfinex customer Jamie West stating – “I am still waiting for my money – 17 business days after the event,” … “[t]hey even had the cheek to charge £309 for 24-hour express service”.
CoinDesk also details the struggles of several other customers as well.
Bitcoin Trailblazer Jeff Garzik Says Bitcoin ‘Unquestionably A Success’ As Store Of Value
Bloq CEO and Co-Founder Jeff Garzik is known for his time spent in the crypto space, dating back many years.
A recent interview with Bloomberg showed Garzik stating of Bitcoin – “It hasn’t evolved in the direction of high-volume payments, which is something we thought about in the very early days: getting merchants to accept Bitcoins. But on the store-of-value side it’s unquestionably a success”.
CoinDesk explains Garzik’s history in crypto, stating: “In Bitcoin’s infancy, Garzik, now 44, reportedly corresponded privately with Nakamoto via email and the Bitcointalk forum, ahead of the Nakamoto’s much-mythologized, abrupt disappearance in 2011”.
U.S. Law Firm Files Claims Against AT&T, T-Mobile Over SIM Swap-Enabled Crypto Thefts
News yesterday showed accusations against T-Mobile and AT&T regarding stolen funds.
“SIM-swapping – also known as a ‘port-out scam’ – involves the theft of a cell phone number in order to hijack online financial and social media accounts, enabled by the fact that many firms use automated messages or phone calls to handle customer authentication” reported CoinTelegraph.
One crypto asset holder was reportedly hijacked for more than $621,000, via the above tactics. AT&T had previously stated the safety of the customer’s account prior to the theft.
T-Mobile was also listed in association with similar customer thefts and difficulties.
Bitcoin To $250k By 2023 Prediction Is ‘Absolutely Solid,’ Says Tim Draper
Recent news shows crypto figure Tim Draper still backs his prediction of a $250k Bitcoin by the year 2023, with the possibility for even 2022.
Bitcoinist reported Draper explaining during the recent Web Summit conference -“I have a pretty good sense of what’s going on four, five, six ten years from now because that’s my business – to meet with young entrepreneurs who are putting a future into my mind”.