Slovenia’s BTC City to become a ‘Genuine Bitcoin City’

The largest shopping area in Slovenia is to become a “genuine Bitcoin City”: BTC City stretches 475,000 square meters and is filled with 500 stores
04 June 2018   561

Recently Miro Cerar, the Prime Minister of Slovenia, visited BTC City, a wide business and shopping center in the capital city of Ljubljana. Fintech startup Eligma has constructed a point-of-sale system that is being used in a number of retailers in BTC City, in order to convert it into a “Bitcoin City.” 

The purpose of his visit was to open the Beyond 4.0 international conference, dedicated to digital society and blockchain, as well as to get acquainted with BTC City’s strategy to become Bitcoin City.
Eligma
AI‐Driven and Blockchain‐Based Cognitive Commerce Platform

The startup reported thet during the morning meeting, Cerar received “a cup of ‘crypto coffee’ bought for him by Slovenian State Secretary Tadej Slapnik through the Elipay cryptocurrency transaction system”. In April, the first efficient use of the Elipay wallet at the city was to pay with bitcoin at the complex’s waterpark. Eligma also declared that in the near future the app would also be able to use bitcoin cash and Elipay’s own loyalty rewards token.

With over 500 retail shops, BTC City’s website characterizes itself as “famous for being the largest and most popular European business, shopping, recreational/leisure and cultural center” in the country. BTC company supposes that “Bitcoin City will create an open society which will enable users to pursue their missions as well as develop their business environments in line with their wishes, needs, and operating policies.” 

The development of BTC City into a Bitcoin City is an important step towards the realisation of BTC’s openness-oriented strategy, providing its customers and business partners with freedom and choice regarding their purchases with new forms of payment.
BTC City,
Company, Ljubljana, Slovenia

As claimed on BTC City’s website, Eligma’s Elipay is set in some shops within the city such as Atlantis water park, Al Capone, Babadu, Bijoux modni dodatki, Big Bang, istyle, Vodno mesto San Martino, Sneakers, Minicity, and Kibuba. One-way cryptocurrency ATMs on the premises are also presented in the trading area, as well as a Blockchain Think Tank.

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.