Another Bitcoin hard fork announced for December

Bitcoin GOD to be released on December 25th
06 December 2017   2721

Among tons of other bitcoin clones with flashy names like gold, ruby, diamond there always is a race to get flashier than the others. For a time, a new winner has been decided. The name is Bitcoin God with the obvious ticker GOD.

The developer behind this project is Chandler Guo, a well-know Chinese cryptocurrency investor, trader and propagandist. As of now, GOD is basically a clone of bitcoin blockchain, as many other hard forks. The notable point is that the fork will happen at the block height of 501225, and will be released on 25th of December, symbolical to giving all the bitcoin miners a Christmas gift of candy, Guo's Twitter says.

The information is a little scarce right now, but what is known is that there will be no pre-mine and the total amount will be fixed on 21 million.

And no, someone on Twitter already asked whether the announcement was a joke, and Guo promptly responded, that the fork is a real deal and will indeed come online on Christmas.

We've already covered several possible upcoming Bitcoin forks earlier. For a little recap, there’s the list:

  • Dec 15th: Super Bitcoin (498888 block)
  • Dec 23-24: Bitcoin Platinum (500000 block)
  • Dec 31st: Bitcoin Uranium (block unknown)
  • Jan 2nd: Bitcoin Cash Plus (501407 block)

Crypto Billionaire to Lost 5.5k BTC Due to Fraud

Thai scammers convinced 22 yo Finnish crypto billionaire to invest in their 'investment' scheme
13 August 2018   270

The 22-year-old cryptocurrency millionaire lost more than 5,500 bitcoins after taking part in the investment scheme in Thailand. The case attracted public attention because of the possible participation of a Thai actor. This is reported by Bangkok Post.

A group of scammers in June 2017 persuaded Finnish businessman Aarni Otawa Saarimaa to invest in several Thai securities, a casino in Macau and a crypto currency called Dragon Coin.

Scammers claimed that Dragon Coin could be used in Macau casinos. In addition, they brought Saarimaa to this casino to demonstrate the legitimacy of their project. Saarimaa transferred 5 564 BTC to fraudsters.

In January, without receiving any income for his investments, Saarimaa filed a complaint with the Crime Suppression Division's (CSD), along with his local business partner, who believed that this investment scheme was fraudulent.

CSD began to investigate the case and stated that the group made no investment for Saarimaa, instead transferring all the bitcoins to Thai baht and placing these funds on seven bank accounts.

Although it is not clear when exactly the scammers sold the bitcoins, CSD announced that they raised about 800 million baht or about 24 million dollars.

Then followed a months-long investigation, according to which CSD began to suspect that the Thai film actor Jiratkisit "Boom" Jaravijit also took part in the fraudulent scheme - he was arrested last Wednesday.

In addition, the CSD stated that it suspects the actor's brother, Princess Jaravijit, as the "instigator" of this entire scheme. He left Thailand, traveling to South Korea, and then to the United States. According to the Bangkok Post, CSD is currently working with the US to track him down.