Russian hotels are accepting BTC during FIFA World Cup

Football fans will be able to pay for hotel stay with bitcoin during FIFA World Cup starting June 14
23 May 2018   579

One of the host cities for the 2018 FIFA World Cup Kaliningrad is expecting visitors and teams from Spain, Belgium, England, Croatia, Morocco and Nigeria. Hotel owners in the city started a campaign offering a bitcoin payment option for the hotel stay. A hotel chain has partnered with a payment processor to provide the service.

We are seeing increasing interest in cryptocurrencies. They will gradually come into use as a means of payment .We have decided that fans should be able to pay for our services with the help of this innovative technology.


Anna Subbotina

Manager, Apartments Malina

One of Russia's electronic payment provider that supports cryptocurrency transactions – Free-Kassa will act as the payment processor for the hotels. As the event is closing near, the accomodation have skyrocketed with Kaliningrad getting among the most expensive destinations.

This is an interesting experience for us – we haven’t worked with hotels so far. The hospitality industry is quite sensitive towards new trends.


Vitaliy Lavrov

Development Manager, Free-Kassa

Before the start of the World Cup 2 bills regulating different aspects of the crypto sphere are expected to be adopted, i.e. the law "On Digital Financial Assets" (legalizes blockchain technology, mining activity and ICO) and a draft for Russia Civil Code (regulation the use of cryptocurrencies and protection investors' rights). At the moment of publication, Bitcoin market indicators are as follows:

Average price 7,909.60 USD
Market cap 134,857,295,820 USD
Volume (24H) 5,711,080,000 USD

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   234

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.