LITEX

LITEX

Based on Layer2 decentralized value exchange ecology.

Ukrainian boxer Wladimir Klitschko issues NFTs to support Ukrainian rescue efforts: On March 8, Ukrainian boxing legend and two-time heavyweight world champion Wladimir Klitschko issued a series of NFTs to support Ukraine.

Proceeds from the sale of this NFT collection will be donated to the Ukrainian Red Cross and UNICEF.

The series, titled "Vandalz for Ukraine: WhIsBe x wladdimir Klitschko," is a collaboration with artist WhIsBe and will be available in three pricing models: $100, $1,000, and $10,000. (CoinDesk) [2022/3/9 13:45:25]

News | The court said that the plaintiff who sued AT&T Mobility must revise the lawsuit because the security breach did not cause cryptocurrency losses: According to The Block, in the case of encryption investor Michael Terpin suing telecommunications giant AT&T Mobility, AT&T according to the "Federal Rules of Civil Procedure" Section 12(b)(6) filed a motion to dismiss on the grounds that plaintiff failed to present a claim for which compensation could be awarded. The court largely agreed with AT&T. On the one hand, the court agreed that the plaintiffs "sufficiently allege that AT&T reasonably foresaw the third party's criminal conduct." On the other hand, the court said Terpin failed to adequately demonstrate proximate cause. Terpin did not say how allowing hackers access to his phone number cost him $24 million. According to the indictment, Terpin claims AT&T assisted the hackers in swapping SIM cards, which allowed the hackers to access his phone number, which resulted in him losing $24 million in cryptocurrency. However, Terpin did not explain how the hackers accessed his cryptocurrency account, whether they sold Terpin's cryptocurrency and then transferred it, or transferred the cryptocurrency to a cold wallet. Because of this fundamental defense flaw, the court dismissed all causes of action in the original complaint except declaratory judgment and allowed 20 days to amend it. [2019/7/27]

News | ING Confirms Participation in Fnality’s Utility Settlement Token (USC) Project: According to FinTech Futures, ING has confirmed its participation in the Utility Settlement Token (USC) project. Annerie Vreugdenhil, Head of Innovation at ING Wholesale Banking, said, “We see asset tokenization and the use of distributed ledger technology offering enormous potential for our industry. Together with Fnality, we are setting the stage for the financial market infrastructure of the future.” standards. Our shared goal is to make the settlement process as easy as possible, and we are very pleased to be part of this industry-wide effort.” [2019/6/6]

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