Prague Subway equipped Now with 10 New Bitcoin ATMs

Large Bitcoin ATM manufacturer, General Bytes, has lately set 10 new cryptocurrency ATMs throughout the Prague subway in the Czech Republic
28 May 2018   674

Presently commuters using the Prague Metro can buy digital assets at different  locations placed across the fifth busiest metro system in Europe. The Czech Republic-based company General Bytes has displayed the installation of 10 new crypto ATMs spread out across the Prague Metro. The subway gains more than 1.6 million people in daily foot traffic and is one of the intent metro systems in Europe. The General Bytes machines are situated at Můstek, Nádraží Veleslavín, Dejvická, Florenc, Černý Most, Zličín, Pankrác, Flora, Skalka, and Hlavní Nádraží. Moreover, General Bytes affords a detailed map and description of each location on the website.

The new equipment will supposed to get some use in the region as Prague is considered a booming crypto hub, as the area is filled with a numberof crypto-enthusiasts. For example, the area is home to the Crypto Anarchy Institute, Paralelní Polis, and a few cryptocurrency businesses including the ATM manufacturer General Bytes.

The Czech government is rather friendly to cryptocurrencies and politicians haven’t controlled digital currencies or determined them as a currency or commodity like other nation states. Just 3 days ago one of the largest energy suppliers in the Czech Republic, Pražská Plynárenská, declared it was accepting BTC for payments.  

Including the ten new machines, the Czech Republic will now have a total of 46 cryptocurrency ATMs and 27 of those devices are placed in Prague. According to Coinatmradar out of the 3,122 cryptocurrency ATMs, General Bytes now has 858 worldwide.

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   256

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.