UnitedBitcoin: new Bitcoin fork scheduled for December

More and more Bitcoin hard forks are appearing and one of them, UnitedBitcoin, is scheduled to occur on December 12 of 2017
11 December 2017   1786

A lot of people who hold Bitcoin cryptocurrency are waiting for forks to happen to receive new coins for free. The new hard fork under the name UnitedBitcoin is announced to occur on December 12.

unitedBitcoin hard forkUnitedBitcoin hard fork logo

UnitedBitcoins’ s philosophy is to fork Bitcoin and upgrade the resulting network. All active Bitcoin addresses will receive corresponding balances on UnitedBitcoin’s chain. Balances of inactive addresses will be collected and used to serve the community.

UnitedBitcoin is stated to be the upgrade of Bitcoin implementing smart contracts. The features are listed as follows:

  • Proof-of-Work inherited from Bitcoin with brand new high-speed smart contracts
  • Faster transactions through the Lightning network
  • Asset Allocation of active addresses (1 Bitcoin = 1 UnitedBitcoin)
  • No-premining, stable system with fiat currency pegged reserves 
  • Block-size increase to 8 MB and support for SegWit
  • The fork will take place at BTC block height #498777
  • It will be possible to get UnitedBitcoins not only for Bitcoin holders, but also for the holders of one of more than 10 currencies (such as ETH, QTUM, LTC, HSR, etc.)

Blueprint of Bitcoin forks UnitedBitcoinThe blueprint of Bitcoin forks

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   270

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.