BTC and ZCL to co-fork into BTCA

Anonymous Bitcoin will be a fusion of Bitcoin and ZClassic with a fork scheduled on September 9
31 May 2018   1055

As forks become a trend in the crypto space, one has to wonder which ones are legitimate and which - fraudulent. The project Anonymous Bitcoin aims to succeed where previous forks have failed. The new forked coin will be the result of a co-fork of Bitcoin and ZClassic. Anonymous Bitcoin token will have a ticker of BTCA.

Jake Greenbaum, Ran NeuNer and Sam Abbassi

BTCA testnet will be launched on August 10. Roughly a month prior to the mainnet launch will give the exchanges time to test the wallets and infrastructure. The snapshot is scheduled for September 9 with the mainnet to be launched within 48 hours after the snapshot is taken.

Main features of BTCA are going to be as follows:

  • anonymity via zkSNARK technology;
  • increased transactions speed via increased block sizes;
  • coin staking via masternodes

More details about the event and the project's team composition can be found here.

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   272

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.