Japanese retailer Bic Camera accepts Bitcoin in all stores

Bic Camera, a Japanese retailer of electronics, was accepting Bitcoin in a few stores since April 2017, and in December 2017 it announced BTC payments available in all stores  
26 December 2017   534

Bic Camera Inc, a consumer electronics retailer chain which has 41 stores in Japan, was accepting Bitcoin only at certain stores in Tokyo starting from April 2017, with the help of the Japanese bitcoin exchange bitFlyer. The spreading popularity of BTC currency made Bic Camera think of expansion of BTC payments to all the existing stores in summer of 2017, and finally the function was launched.

Bic Camera official website screenshot regarding BitcoinBic Camera official website statement regarding Bitcoin

The biggest amount of yens worth Bitcoin which can be spent at one time is stated to be 300,000.

Previously, we have reported that Idom Inc., one of Japan’s used car automotive groups has partnered with bitFlyer to enable Bitcoin payments across Japan.

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

  • Average Price: $15 267,70
  • Market Cap: $255 945 814 338
  • 24h Volume: $12 198 400 000

First real-life cryptocurrency robbery reported in Taiwan

Four men stole 5 million Taiwanese dollar worth of Bitcoin, the police has already arrested the suspects
22 February 2018   55

Bitcoin has attracted lots of unwanted attention from hackers and scammers alike. Recently not a week passes without news of an exchange or user being hacked or some company's computers being hijacked to mine cryptocurrency. And now Taiwanese news outlets report first real-life robbery of Bitcoin in their country.

The robbery took place in Taichung, Taiwan's central city. The police reports three men being involved in the robbery itself and one as a planner. Criminals persuaded the victim to meet with them face-to-face under the guise of being interested in buying Bitcoin from him. After the victim showed the robbers the proof of his bitcoins on his phone, the men attacked him and his friend and transferred 18 bitcoins worth 5 million Taiwanese dollar via the phone wallet.

The suspects then forced the unfortunate seller to drink strong local liquor to make everything look like a drunken fight had taken place. The police arrived at the scene after receiving the reports of a fight and found two victims. Two of the offenders had fled, but the third has been arrested at the scene of the crime. He later provided investigation with information about his accomplices. They were arrested soon after.

The police later apprehended the man believed to be the mastermind behind the plan. All this was released in the yesterday's report by the Taiwanese law enforcement and the case is already viewed as “the first domestic case of bitcoin robbery”. The report doesn't mention if the crypto was returned to the rightful owner.

Similar cases has been rumored to happen in the US, but no records are released as of yet. So the unofficial governmental advice is to be more cautious of the buyers requesting face to face meetings in the light of this event.