co-founder sold all BTC due to its riskiness co-founder and CTO Emil Oldenburg switched to Bitcoin Cash and sold all of his BTC explaining it by the high risk of investment in Bitcoin
19 December 2017   866

Emil Oldenburg, co-founder and Chief technology officer of, which is one of the world’s largest Bitcoin websites, has expressed his extremely sceptical concers about Bitcoin cryptocurrency and its future in an interview with Swedish tech website Breakit.

I would say an investment in Bitcoin is right now the riskiest investment you can make. There’s an extremely high risk.

Emil Oldenburg
Co-founder and CTO,

Mr. Oldenburg claimed that he had recently sold all the Bitcoins and switched to Bitcoin Cash due to the riskiness of Bitcoin investing, issues with Bitcoin high transaction costs, lead times, and lack of Bitcoin market liquidity

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $18 276,50
  • Marketcap: $306 156 962 100
  • 24h volume: $16 323 600 000

It is worth reminding that Cboe and CME exchanges have recently launched Bitcoin futures trading.

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.