Blockchain Lottery Simplifies Access for Users

From this article you will learn about FireLotto integration of QIWI wallet, VISA, MasterCard and other news important for the community
20 March 2018   971

Our editorial board keeps track of the most interesting projects in the industry, and one of them is FireLotto, a modern blockchain lottery as simple and understandable as traditional lotteries are.

We have already reported that this Ethereum based lottery reached soft cap in just one day! Moreover, it is worth noting that the CEO of GOSLOTO - Russian government lottery - has joined the team as a Business Development Director. The Initial Coin Offering of FireLotto is running from March 15, 2018.

Let's find out what's new in the project. We are glad to report that FireLotto has integrated QIWI wallet and now tokens can be bought for fiat using VISA and MasterCard. The next stage of integration which the team is already working on is letting users purchase lottery tickets for fiat too.

Firelotto funds collected at the moment of pressFireLotto funds collected at the moment of press

Moreover, a massive advertisement campaign will be started in a few days by 1XBet betting company as it finished integrating FireLotto to all of its online worldwide resources. 1xBet is a large international bookmaker company, founded in 1997. Now it is one of the most famous bookemaker companies in the world with more than 100 websites and more than 40 languages integrated.

What is more, we have recently reported about the criminal group specializing in extorting money from start-ups and ICO projects, which attempted to attack FireLotto project, but FireLotto decided not to encourage scammers, and informed the community about extortion and hating campaign from the attackers, doing its best to protect the community.

The FireLotto project is rapidly developing, implementing new features for its users, and we will keep our readers updated on all the latest news!

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Pure Bit to Refund Investors' Money

Another cryptocurrency scam storu may have happy ending
15 November 2018   155

The founders of the South Korean exchange Pure Bit, who were suspected of stealing investors' money, announced the return of funds.

According to the local edition of BlockchainROK, representatives of the exchange have already partially returned the money to some users and pledged to return all other funds.

On November 4, the exchange team launched the ICO with the goal of collecting about $ 30 million to create a crypto exchange. However, on November 9, Pure Bit closed the site, said goodbye to its investors and removed everyone from the group in the KakaoTalk messenger. Also, the founders of the exchange withdrew funds from the account that was used for ICO.

According to CCN, one of the issues traced the Ethereum address of the exchange and asked Upbit to block the account and freeze the funds. Upbit fulfilled this request.

This is Pure Bit. First off, I would like to apologize to everyone that was affected by the ICO. Since November 5, I raked in 16,000 ETH and did not open a crypto exchange as promised. I kicked out everyone in our social media chat groups and disappeared without any message. I negatively affected investors in the project psychologically and financially. I made an unforgivable mistake that cannot be turned around, blinded by money. It has been less than a day and I have already started to suffer from guilt. Although it cannot be compared with the hardship faced by the investors, I also felt significant guilt. I sincerely apologize to all of the investors in the ICO who were affected by the operation.

CEO of Pure Bit

The founder of Pure Bit also notified that he would return ETH 16,000 to depositors without taking into account the payment of services to a third-party company that organized ICO.