Crypto Payroll Service Bitwage to Lunch ICO Advisory Firm

Bitwage, started in 2011 as a Bitcoin payroll and payment service, has now established an ICO advisory firm Inwage after recognizing the importance of ICOs
31 May 2018   577

The firm is going to suggest technical services and marketing services such as smart contract development and auditing and website creation as well as PR and event marketing. It overcame the initial fundraising target of the first customer, Moria Token, by 40%, raising $50 million in the ICO for the project that is aimed to provide an investment platform for the mining of precious metals as well as aiding with IT and security compliance.

While ICOs provide a unique opportunity for companies to raise money from a wide range of individuals and entities around the globe, it is often seen as a complex, expensive and risky process. Having launched Bitwage back in 2014, Inwage leverages our experience in Blockchain to build a highly secure turnkey solution for companies of all sizes to launch ICOs.
Crytpo Payroll Company (in their blogpost)

Bitwage ran a second service together with the Inwage company called Ether Inputs, citing the inability of definite companies running ICOs to obtain bank account for paying the workers. The firm suggests bitcoin and now ethereum as payroll funding options, with employees being able to select to gain a part of the wage in local currency as well through Bitwage and Ether Inputs.

Aragon and Status are 2 startups that have already been applying the service since the start of 2018 following the soft launch in January. So, the field of ICOs and crpyto regulation can be difficult for startup firms, and the Inwage is the latest in a series of new advisory companies standing by to guide new projects. 

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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   269

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.