Roger Ver and Bitcoin.com under a threat of a lawsuit

More than 600 users have gathered to file a lawsuit against Roger Ver and his Bitcoin.com for fraud
27 April 2018   2054

The usual simmering scandal around Roger Ver's Bitcoin.com portal just got a lot more complicated. Now more than six hundred people have already gathered under the flag of a lawsuit against Ver's questionable actions.

First of all, Bitcoin.com, strangely enough, is owned by a Bitcoin Cash activist Roger Ver. And the whole layout and content of the site is, it seems, aimed at misleading people new to the crypto world, that Bitcoin Cash is, in fact “real Bitcoin” - from the placement of Bitcoin Cash above Bitcoin, to the non-existent monikers or color differentioation of BCH and BTC respectfully on the “Buy Bitcoin” page. But the most glaring insult to the community is that on the aforementioned page of Ver's site BTC somehow became “Bitcoin Core”, which is, in fact, just the name of the client app, not the currency itself. And Bitcoin.com is the only site to refer to BTC like that.

Oh, and let's not forget the most recent development – now the site presents BCH as Bitcoin. Throughout the site this change is the most prominent in the block explorer, which now has options of Bitcoin (BCH) and Bitcoin Core (BTC).

All of the above amounts to a serious case of fraud in the eyes of the community. So affected users have gathered in a Telegram group chat and are now planning to file a lawsuit against Bitcoin.com and Roger Ver. Already over 600 people have joined the group, including some notable personalities, such as Charlie Shrem, Richard Heart and Ibrea.org founder Ragnar Lifthrasir, who's long talked about reporting Bitcoin.com's wallet for being a fraud.

Right now the group doesn't disclose what legal steps will be made, just that the talks are on with the lawyers from Caribbean island of St. Kitts, where Bitcoin.com company is registered. The exact steps to be taken are purposefully omitted from the public discussion, because several people directly tied to the site in question have been banned from the chatroom.

Also, a website bitcoincomlawsuit.info was launched today so that all the people who've lost money due to the scheme can join in the lawsuit.

Rakuten to Allow to Convert Loyalty Points to Crypto

Rakuten Super Points can be exchanged for three cryptocurrencies: Bitcoin, Ethereum and Bitcoin Cash, but customers must have Rakuten Wallet
24 December 2019   271

The trading platform of the Japanese financial services giant Rakuten Wallet will allow Rakuten Group customers to convert loyalty points into digital assets.

According to the company this Tuesday, Rakuten Super Points can be exchanged for three cryptocurrencies: Bitcoin, Ethereum and Bitcoin Cash. Previously, customers will have to register an account with Rakuten Wallet. The minimum amount for an exchange is 100 points. During such operations, the rate of one “super point” will be set at the level of one yen ($ 0.0091).

Through the launch of the new service, Rakuten Wallet hopes to reduce the barriers of entry to crypto asset trading by providing an easy and more accessible way for new users to start, including novice users who are interested in crypto asset trading with no prior experience. The service also increases the range of uses for Rakuten Super Points across the Rakuten Group’s ecosystem of services, making the Rakuten loyalty membership program even more attractive and convenient.

 

Rakuten Wallet

Restrictions on the amount of one transaction apply, as well as the amount of points available for conversion per month - up to 500,000 ($ 4,570). Initially, the service will be available only to users of the Android application, but next month its support will be implemented in the iOS application.

The public launch of Rakuten Wallet took place this August. The exchange is one of the few regulated entities for cryptocurrency trading in Japan.