Bitcoin Powered Coffee Machine to be Created in Brazil

Creator says that bitcoin-coffee machine was created to study the potential of the market
18 June 2018   460

The Brazilian businessman Ricardo Reis, wishing to demonstrate one more example of the potential use of the first cryptocurrency, created his own bitcoin-espresso machine. This is reported by CCN.

According to the businessman, he doesn't work directly with cryptocurrencies, but he has been investing in bitcoin since 2016. He also says that the bitcoin-coffee machine was created to study the potential of the market, and to show that the first cryptocurrency has various potential uses, including as real "programmable money."

I developed a device that powers the coffee machine with Bitcoin transactions to study and have fun. Dealing with technology, for me, besides work, is a hobby. My intention was not to create something to explore commercially, I wanted to simply explore the technology’s capability and show other people how BTC is ‘programmable money.

Ricardo Reis

BTC coffee machine creator

The machine starts when the bitcoins arrive at the purse connected to it. The device has a QR code that allows users to send money and pay for coffee.

As creator says, he used the Raspberry Pi processor and encoded the machine with PHP. At the moment, the coffee machine does not use the Lightning Network protocol, but in the future Reis plans to use this technology to create another device.

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   269

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.