Bitcoin Robbers to be Busted in Singapore

Two 36-year-old men have been arrested in Singapore after allegedly stealing $365,000 in cash from a Malaysian man who wanted to buy BTC from them
13 April 2018   261

Pang Joon Hau in Singapore was robbed at $ 365,000 during a personal meeting with the prospective seller. This is reported by Cointelegraph.

According to the announcement of the Singapore Police, the crime was committed on April 8. After the victims appealed to the police, the law enforcement officers managed to establish the identity of the suspects and detain them.

One of the suspected, Mohd Abdul Rahman Mohama, allegedly said he was a part-time Bitcoin broker. He is reported to have given his accomplice Syed Mokhtar Syed Yusope about $10,000 and himself spent around $80,000 on luxury staff, including a Rolex watch worth $45,800. The remaining $271,000 are yet to be accounted for.

Detainees face punishment in the form of imprisonment for up to 5 to 20 years and at least 12 strokes with sticks. The authorities do not say whether they managed to return the cash, which became the prey of intruders.

The Police will not condone anyone committing such serious offences and profiting from the proceeds of the crime.  We will spare no efforts in pursuing such criminals and deal with them in accordance with the law.
 

Arthur Law

Commander of Central Police Division and Assistant Commissioner, Police 

This case marks one of the first crimes associated with bitcoin, committed in Singapore.

Australia joins the crypto-discussions arena with Bitcoin & Blockchain Fair

The inaugural Bitcoin and Blockchain Fair will be presented at the Sydney Showgrounds on May 12-13 with an all-round program about cryptocurrency and blockchain
21 April 2018   36

A high profile event in cryptocurrency and blockchain is coming to Sydney, Australia on May 12-13 – Bitcoin and Blockchain Fair. The conference will provide a platform to interact and discuss on all areas of the cryptocurrency and blockchain technology sectors (fintech, investment, venture capital, regulation, ICO, etc.), current opportunities and perspectives in the form of a Forum and an Exhibition Showcases.

The Exhibition Showcase that will allow to exhibit showcases and engage with crypto services providers, government and fintech startups. Forum is the bulk of the conference and is comprised of 2-day sessions to allow international speakers and industry leaders of the crypto and blockchain sectors a chance to share their expertise. May 12 is focusing on cryptocurrency and ICO engagement; May 13 wil cover blockchain technology overview, case studies, solutions and future trends.

The fair is organized by ABF Business and Principal Sponsor Coinspot. Exhibitors and Speakers include attendees from Asia, Europe and USA together with key Australian high profile crypto & blockchain enterprises. The full agenda of the event can be found here.