Bitcoin Private Merchant Platform Beta to be Launched

The current ETA for phase 1 roll-out is Friday, April 13, 2018
31 March 2018   753

Bitcoin Private uses the same privacy technology as ZClassic, and the payments are published on a public blockchain, but the sender, recipient and other transactional metadata remain unidentifiable. Just like Bitcoin, Bitcoin Private supports peer-to-peer transactions without an intermediary. Unlike Bitcoin, Bitcoin Private supports a slightly increased block size while being more anonymous and secure than any existing Bitcoin-based currency without sacrificing transaction speeds.

Quite recently Bitcoin Private has published the merchant platform roadmap, and you have a chance to have a look at it  below.

Bitcoin Private Merchant Platform Phase 1 BetaBitcoin Private Merchant Platform Phase 1 Beta

Bitcoin Private team reported that it didn’t initially expect to deliver a payment solution this soon, however, given how quickly business vendors across the world are beginning to accept BTCP as payment, they decided to expedite the internal planning and development process so that these vendors would have something safe and user friendly to use for now. The current ETA for phase 1 roll-out is Friday, April 13.

Further on, Bitcoin Private plans to signup a base of merchant vendors who will serve as beta users of their phase 1 merchant platform. Moreover, Bitcoin Private has assembled a partnerships team that works on signing up merchant vendors, onboarding them with the first version of our payment solution, and supporting them on any questions they may have. 

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.