BitBay Partners With Crypto Exchange and Major Retailer

BitBay has announced two exciting partnerships: with Pi Supply and Indacoin exchange
02 April 2018   546

BitBay is a decentralized marketplace, which aims to enable users to buy and sell goods and services securely and anonymously, without the need for middlemen. 

According to the announcements in the official Twitter account of BitBay, it has two exciting partnerships to announce. The first one is with Pi Supply, a major retailer of Raspberry Pi and accessories, which reportedly will list their products in the BitBay Marketplace. Later, they will release a special BitBay Staking Box, which will be available to buy this upcoming week.

Bitbay partnership pi supplyBitBay Partnership

Moreover, BitBay has officially partnered with the Indacoin exchange and are looking forward to integrating fiat purchases across the BitBay platforms. Indacoin lets its users buy over 100 different cryptocurrencies through credit/debit card payment without registration. More details on both of those partnerships will be published in the next few days.

BitBay Partnership indacoinBitBay Partnership

Previously, we have reported about the release of mobile version of Bitbay Wallet App which includes the multisignature account capabilities and advanced timelock payment options. At the moment of press, these are main market parameters of BitBay:

Average price: $0,036063
Market cap: $36 425 999
24h volume: $490 180

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   291

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.