Enjoy Prizes until Christmas and New Provably Fair Games at Cloudbet and Fortune Jack

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If you want to earn some extra coins in time for the holidays, we’re bringing you some great news. Two of our top-rated Bitcoin casinos have recently added some new offers that could significantly boost your cryptocurrency wallet right before Christmas. No matter whether you like to play fresh provably fair games or would rather snag some new and lucrative promotions, Fortune Jack Casino and Cloudbet will have your back this month.

Daily Free Spins, Cash Bonuses and More

Starting off the festivities early this year, Cloudbet Casino is launching a new holiday promotion that will last until Christmas. Forget about getting cards, sweaters, and chocolate, because Cloudbet has other exciting presents in mind. On a daily basis, the casino will be giving its registered members a variety of rewards worth a whopping 100 BTC right until Christmas starts!

The rewards can only be claimed once logged in, through the special Advent Calendar page at Cloudbet casino or via your registered e-mail address. Open the daily Christmas cards to uncover anything from free spins and reload bonuses to tickets for exclusive Christmas-themed slot tournaments, table game promos, and more. On the menu today you have a special slot tournament with prizes of up to 260 free spins per player but who knows what the casino will have in store for tomorrow. If you can’t wait to find out, make sure to visit Cloudbet Casino to open your daily Christmas present.

 Provably Fair “Mines” and “Plinko” Now Live

In the past couple of months, the team at Fortune Jack introduced a variety of novelties to the casino as a response to their players’ demands. New slot machines, live games, promo offers and tournaments have all been added to Fortune Jack’s offer, giving members of the site a more varied and profitable casino. Not a site to stop there, the casino has also introduced new provably fair games recently that offer punters a classic Bitcoin gambling experience.

Apart from Fortune Jack’s Dice game, which has been active on the site for months now, the casino now offers provably fair games of Plinko and Mines as well.  In Plinko, you’ll get to drop a ball onto 8 to 16 rows of pins and win prizes up to 1,000x your bet should the ball fall down in the right position. With betting limits of up to 200 Bitcoins and the option to send an unlimited balls at a time, this game gives you a rare chance to load up your crypto-wallet with some serious amount of coins.

And the second game, Mines, is a classic game of minesweeper where you’ll get to pick between 25 boxes on your screen to uncover mines and cash prizes. The casino lets you choose the number of hidden mines which range from 1 to a total of 24. The more mines on your screen – the bigger your payouts. Play the game without stepping on a mine and you can cash out up to 24.750 mBTC on a single bet. If you think you have what it takes, head down to Fortune Jack and take your shot!

December 14, 2018: • No Comments

Bitcasino’s New Platform Becomes Fastest Launching Casino site

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One of the best and most popular Bitcoin casino sites online – Bitcasino – just got better. In an official press release last week, the casino announced the official launch of its new platform which was hinted a few weeks back, one that surpasses the efficiency of other competing operators. And according to performance tests, the new site is now the fastest-loading BTC casino platform online.

Faster by 13 Seconds

Ever since its start, Bitcasino set out to differentiate itself from other competitors by offering better speed, convenience, and ease of use to its players. The work of renowned operators Coingaming Group, Bitcasino has been at the forefront of cryptocurrency gambling for a while now, providing game diversity, fresh promotions, and banking like a few other casinos can. It takes approximately 2 minutes to cash out your money at the casino – a speed you won’t get even at most fiat money operators.

The casino’s latest platform is a new move towards dominating the market and it is a site that outshines others when it comes to speed of use. As explained in the press release, the new platform is a “mobile-first” website that loads in only two seconds, or eight times faster (app. 13 seconds less) than the sites of other competing casinos. It took about two months for Bitcasino’s design and development team to create a better version of the site and it has finally arrived to offer punters the “most advanced, mobile-first, and customer-friendly casino product.”

Other than improved speed, the re-launched platform also offers users a number of features that can enhance and personalize their experience. By employing machine learning, the development team has created a new extensive range of search filters that will help players find games that suit their preferences easier by allowing them to search products by name, type, genre, and provider. A new user-friendly wallet was also included in the website alongside a new range of attractive player promotions.

Filter Slots by Hit Ratio in the Future

Reportedly, Bitcasino isn’t stopping here and is planning to add more improvements to its site over the upcoming weeks. One of the most convenient ones will be an even more enhanced search tool that will allow members of Bitcasino to filter games by RTP (Return to Player), volatility, and even hit frequency, i.e. how often they trigger a payout or a feature. These new tools will especially come handy to  slot players at the casino as the site has over 1,400 games in its collection, a large portion of which are Bitcoin-friendly online slot machines.

According to Bitcasino’s Head of Casino, Tauri Tiitsaar, the site’s philosophy has always been to place their users “at the center of the universe”, which is exactly what they are trying to achieve with the new and improved website. By responding to players’ demands for a faster and more personalized website, the operator has created the “ultimate, player-centric, mobile-first product”. If you want to see how fast and personalized the site now is, make sure to pay a visit to Bitcasino’s new platform today.

December 12, 2018: • No Comments

Win a Free Trip to Bora Bora or Daily Presents Until the New Year at BitStarz and mBit Casinos

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It’s that time of the year again when the best of Bitcoin casinos will start competing against each other by coming up with the most exciting bonus offers they can. Like always, we bring you the best Bitcoin casino promotions as they arrive fresh of the oven so that you can get a head start on everyone else. To launch this holiday season, we’re starting with a two new lucrative promotions from mBit Casino and BitStarz, which you can join to win a free trip to Bora Bora or dozens of other casino prizes. So read on and get ready to snatch up some juicy holiday treats!

BitStarz Takes You to Bora Bora… and Gives you iPhones Again

As is the custom, BitStarz Casino has opened a new adventure island promotion to mark the holiday season and give players something exciting to look forward to. This time, the casino is taking the most fervid punter and one partner/friend for an exotic holiday that will warm them up just right during winter time.

Dubbed the Bora Bora Adventure, BitStarz new promo consists of four small islands, each representing one of the seasons. To join the competition, you just have to be a member of the casino and play any of its available games for real cash. As you play, you will be loading your bonus bar to reach various levels and uncover prizes along your way. There are 40 different levels you’ll need to reach to win the holiday and each offers special prizes like casino bonuses, BitStarz hoodies, Amazon vouchers, and even iPhones XS.

Whoever gets to the 40th position first, will get to win a trip to Bora Bora for themselves and one partner. The travel package includes a 6-night stay in a luxury hotel at the destination plus 2 airplane tickets, while any required Visa is up to the winner to pay for. If you think you have what it takes, make sure to pay a visit to BitStarz Casino today! After all, only the first 12 levels have been conquered so far.

31 Days of Prizes at mBit Casino

Just like BitStarz, mBit Casino is also running a new holiday promo campaign which players can join to win some holiday treats. Simply called the Christmas Promotion, mBit Casino’s promo is another adventure offer where you’ll need to participate actively to win all sorts of prizes. But instead of playing games to level up, you will simply need to log in at selected days and complete straightforward tasks to get a bonus.

Per the rules, only the first seven offers were uncovered by the casino while the remainder of the bonuses will be revealed as each new day passes. Kicking off with a 15% cashback on slots, mBit has thus far handed out a variety of treats, including free spins prizes, reload bonuses, table game cashbacks, tournaments, and more. There will be daily prizes given until the 31st of December when the casino will give away its final and very special bonus. If you want to see what’s on the menu today, just check out mBit Casino.

December 7, 2018: • No Comments

Land-Based Bitcoin Slots Suggested by New Industry Report; German Casino Leads BTM Adoption

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The number of Bitcoin casino games is expanding at the speed of light in the online industry, but when it comes to the traditional gambling sector, the adoption has sadly not been as fast. But according to a recent white paper from a reputable gaming testing laboratory, the prospect of introducing Bitcoin slot machines or other table games might not be as bleak in the future as a new generation of gamblers dominates land-based casinos.

Bitcoin Slot Games for the New Generation ?

As reported by GGR Asia, a new white paper from BMM International LLC – an international company that deals in technical consultancy and gaming testing – suggests that casinos should make some big changes to their slot machines if they are to attract a new generation of punters. The white paper, which was geared towards the Asian gambling industry, particularly Macau, makes a few suggestions on how land-based gambling should change, based on market research.

According to the report, slot manufacturers should consider adding biometric identification devices that could allow gamblers to wager without any cash, since they could be wary of whom they are providing their personal information to. In line with this opinion, BMM also suggests that new forms of cashless gaming should be introduced by adopting Bitcoin and other similar virtual currencies.

Other ways of improving the land-based casino experience is to change the way slot machines are played. Reportedly, the new generation of players will be looking for skill-based games rather than just luck-based machines, which is why BMM are suggesting that manufacturers introduce terminals that could allow for multiple betting options. Allowing simultaneous wagering on stadium table games, e-Sports, slots, and sports could be one way of drawing in more players.

According to official reports, the number of slots in Macau has grown by more than 4,000 units since 2014 to reach a total of 17,200 this September. But at the same time, slot machine revenue grew by only 2.6% year-on-year while the total slot machine revenue accounted for no more than 5% of the overall gross gaming revenue generated by Macau casinos. Tapping into the Bitcoin slots market could help drive those numbers up, the report believes.

Casino’s Bravery Leads to Second Bitcoin ATM in Germany

In other interesting news, Germany has just received its second Bitcoin ATM machine in the town of Frankfurt, only a month after a Munich casino installed the first one. As reported by local media outlets, last week a local Bitcoin company called Bitcoin-Store had successfully installed a new Bitcoin ATM (BTM) terminal in Frankfurt – a city that’s also home to the ECB (European Central Bank).

Reportedly, the installation of the BTM was inspired by Monte 24 – a local casino in Munich that fought the country’s financial regulator BaFin for the right to install its own cryptocurrency ATM. After a ruling by the High Court of Berlin (Kammergericht) that, technically, cryptocurrencies aren’t classified as money and don’t fall under the jurisdiction of BaFin, Monte 24 was allowed to install a BTM in its food court. This was the first step towards a wider Bitcoin adoption in a country that seriously falls behind on cryptocurrency enthusiasm when compared to its neighbours.

December 5, 2018: • No Comments

Win BTC With a Fiat Money Review at Cloudbet Casino; or New Tournaments at Fortune Jack

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If you want to earn some extra Bitcoins during the following days, there are two new offers from two of our favourite Bitcoin casinos that can help you do so while having fun at the same time. The first recently went live at Cloudbet Casino and it doesn’t involve playing any Bitcoin slot games or spending cash but simply making a fake review on an online forum. And the second is your classic casino tournament where you’ll get to play top card games or pokies to win a portion of a juicy tournament prize pool. Learn more about both offers by reading our full scoop.

Get Up to 0.043 BTC with a Fake Fiat Money Review

Cloudbet Casino has been on a roll lately with its promotions that offer players an opportunity to earn some nice cash by using their sense of humour. After giving away prizes for the best memes about Bitcoin, the casino has now decided to award members with some Bitcoins for writing a spoof review of a fiat currency to mark the “not-made-up” tradition of crazy Black Friday spending.

As the casino explains, following the “Black Friday/Cyber Monday bonanza”, people usually spill out their passive-aggressiveness by writing reviews of the “useless rubbish” they purchased around Thanksgiving. To make light of this trend, the casino launched a good-spirited promotion on the Bitcoin Talk forum where members can post pretend reviews of any fiat money product, be they US dollars, banks, credit cards, of Zimbabwean dollars, to earn BTC.

The most hilarious review will get a prize of 0.043 Bitcoins while the next four runners-up will each be getting 0.017 BTC, and that’s not all. Ten special mentions will also be sent a physical Bitcoin trough the post and all entries will get tickets to a 0.029 BTC raffle. The prizes will be drawn on the 4th of December, so you’ll have to make your entry by then. If you feel creative enough, go and visit Cloudbet Casino to learn more about the rules of the competition.

Wager-free Prizes up to 200 mBTC for Blackjack and Slot Players

Starting this Sunday, Fortune Jack Casino is running two separate promotions for its players, each offering a separate prize pool of 750 mBTC + 500 free spins. The first tournament, LeaderJack, is reserved for Blackjack players only while the second is open only to slot punters. The objective is the same in both competitions – bet as much as you can on Blackjack or slot games to earn points and climb to one of the 50 positions on the leaderboard.

Whoever gets to climb to the top gets a prize of 200 mBTC wager-free while the next three runner ups get 150 mBTC, 100 mBTC, and 60 mBTC, respectively. Even the lowest prize is not that bad, being 10 free spins that are given with no strings attached. If you want to see all the available rewards, or read more about the rules of the tournament, feel free to check out Fortune Jack Casino.

November 30, 2018: • No Comments

New Bitcoin Casino Games are About to Hit the Market

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The cryptocurrency gambling industry has come a really long way since a few years ago when some of the first Bitcoin-friendly casinos appeared on the web. Through a relatively short amount of time, BTC casino operators went from being just small casino platforms to full-blown gambling hubs, offering Bitcoin holders a chance to gamble on anything from slots to sportbetting and more.

And as the industry expanded, so did the number of game developers who were working hard to bring new and relevant content to Bitcoin online casinos. One of the latest to add something fresh to the scene are software developers Casino Web Scripts, who recently released a few Bitcoin-friendly games that might get your interest.

Multiplayer Bitcoin Casino Games on the Menu

You may not have heard about Casino Web Scripts but the software company has been quietly working for a few years now on developing Bitcoin casino software and games. A big part of the studio’s portfolio is consisted of modern slot machines and classic table games, most of which can be played on both mobile and desktop devices. But its latest additions to the game collection bring something you don’t get to see every day.

Released only a few days back, Casino Web Script’s Multiplayer Baccarat is a rare sight in the world of Bitcoin casinos, especially when it comes to virtual games as the only Multiplayer Baccarat table you could play for BTC is a live dealer game. But this particular product gives players a chance to join a virtual 3D table with realistic graphics alongside other Bitcoin punters to enjoy a classic game of Baccarat.  And not only can it be played in multiplayer mode, but the game also lets you customize the color of your cards, felt, as well as choose the type of board that displays the previous results.

Other exciting games Casino Web Scripts is releasing are the exotic Dragon Tiger game, a Horse Racing product, as well as a new slot machine called Bitcoin billion. The Dragon Tiger is a particularly interesting choice because it offers punters the simplicity of a Baccarat game but with added betting options. But if you’re a fan of sports, the Horse Racing game will be more to your liking, especially since it features very realistic gameplay.  All four new releases are already live on Casino Web Scripts’ website and all of them offer provably fair gambling which you can test any time you want.

A Long History in the Gaming Business

Although not a name most players will instantly recognize, this doesn’t mean that Casino Web Scripts hasn’t had its fair share of experience in the industry. The people behind the company originally started out in the online casino sector back in 2003 by developing custom apps and interactive games. After a few years of software development, Casino Web Scripts was officially launched in January 2010. Over the course of 8 years until 2018, the software company developed a full-scale solution for Bitcoin casino operators and more than 200 Bitcoin casino games with innovative features, realistic graphics, and, in some cases, multiplayer support.

November 28, 2018: • No Comments

BitStarz Player Wins $70,000 on Bitcoin Slots; Bitcasino Promotes New Site with a Competition

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There are some Bitcoin casinos out there that have little to show for even after years of being online and there are those who continuously prove just how great a Bitcoin gambling site they can be. Confirming they are proud members of the latter group one more time are BitStarz and Bitcasino. The first casino recently celebrated another big payout to a lucky player this year while the second just launched an attractive bonus offer to promote its new, sleeker and faster gaming platform.

Seventh Big Payout in 2018 Alone!

BitStarz is a name that’s familiar to any punter who’s looking for Bitcoin casino games online. The casino has become one of the most successful BTC gambling sites in the industry thanks to its strong player support, great game offer, and attractive bonuses and competitions. And a big part of that success is owed to its string of lucky players which BitStarz promotes proudly.

In this year alone, the casino paid several big prizes, cashing out payouts of $300,000, $265,000, $206,000, $148,000, $59,000 and $45,000 during the course of 10 months. Not one to stop there, BitStarz recently inducted another player to its hall of fame – a punter who was lucky enough to bank $70,000 in BTC. The player will remain anonymous but what isn’t a secret is the game s/he played – the 5 Mariachis slot by Habanero!

Apart from the 5 Mariachis video slot, the casino has around 1,600 more games to offer, some of which can also be played with the 5 BTC bonus all new players get on sign up. And what’s even better than the game diversity is that any money won can be cashed out in only 10 minutes. So, if you feel lucky enough to win, feel free to give BitStarz a visit and try out one of the many top casino games that await you there.

New Website – New Player Promos

This week also brought us Bitcasino’s new and improved website which specifically caters to mobile players. To celebrate the occasion, Bitcasino launched a new player competition for all registered members – one that can be joined by playing any game, be it a table game, slot, or a live dealer option. The competition will run from November 21st to November 25th, during which the casino will give you a chance to win a portion of a μɃ 350,000 prize pool, which will be distributed as follows:

  • Position 1 – μɃ 175,000
  • Position 2 – μɃ 85,000
  • Position 3 – μɃ 45,000
  • Position 4 – μɃ 17,000
  • Position 5 – μɃ 8,500
  • Position 6 – μɃ 4,500
  • Position 7 – μɃ 4,000
  • Positions 8-9 – μɃ 1,500
  • Positions 10-15 – μɃ 800

To earn points for the official tournament leaderboard, you just have to play any game you want and the casino will give you 1 point for every μɃ 5,000 wagered on table and live games, 2 points for every μɃ 5,000 spent on slots, and 5 points for every deposit you make during the period. If you want to find out more information about this special new offer, make sure to check out Bitcasino.

November 23, 2018: • No Comments

Bitcoin Cash Split; What Does it Mean for Bitcoin Casino Players?

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If you’re using Bitcoin Cash (BCH) to enjoy cryptocurrency casino games online, you must have heard about the “civil war” that caused the coin to split into two new crypto assets last week. The “war” got so many people in the crypto community nervous that some believe it to be one of the main reasons for Bitcoin’s recent price drop.  But what’s important to BCH gamblers is the aftermath, i.e. how will cryptocurrency casinos handle the split from now on?

Fight for Power Leads to Split

Bitcoin Cash officially split from Bitcoin in August 2017 to become a new and better version of the cryptocurrency that started it all. After a full year of trading, the coin even went on to become quite successful, earning a spot among the top 3 crypto-assets by market capitalization and finding its way into a number of top-rated cryptocurrency casinos. However, since last week, Bitcoin Cash lost over 50% in value, dropping to a market capitalization of only $4 billion and a current price near $240.

The main reason for this price correction was the split of the coin, which finally happened last week after a heated debate between two camps. At one side, there’s Roger “Bitcoin Jesus” Ver and Bitmain – the biggest manufacturer of crypto-mining equipment in the world – who held the largest control over the BCH network and are backing a new version of the coin called Bitcoin ABC. And on the other, there’s Craig Wright, the man who claimed to be Satoshi Nakamoto, who is opposing Bitcoin ABC’s control and changes and is supporting Bitcoin SV (Satoshi’s Vision).

Will BCH Casino Players Be Affected?

Just like when Bitcoin Cash split off from Bitcoin, all players who held BCH coins in their wallets should now hold the same amount of coins on both chains: BCH-SV and BCH-ABC. However, like it happened with Bitcoin’s split, your wallet will have to have supported the fork to be given access to new coins. Thus far, several exchanges backed up the split, including Coinbase, Binance, and Huobi, among others. If you held your coins there, you should have doubled them by now.

But when it comes to casinos, nothing has changed explicitly. Most of the cryptocurrency casinos that began accepting Bitcoin Cash last year haven’t changed anything and are still allowing deposits and withdrawals to be made with the cryptocurrency. One of the leaders in BCH adoption, Cloudbet Casino and Sportsbook, proceeded to accept BCH deposits, and so did BitStarz Casino. Other operators have likewise taken no action to stop BCH transfers like some exchanges did during the past several days.

However, the question remains as to which coin will casinos take to be Bitcoin Cash: BCH ABC or BCH SV? Some exchanges have already labeled BCH ABC as the real Bitcoin Cash coin while others are labeling each coin as is. Thus, it’s best to check which of the coins are accepted with your casino operator before making any new deposits in BCH.

November 21, 2018: • No Comments

Get Real Bitcoin Prizes and Free Spins in the Hot Slots Tournaments at Fortune Jack!

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If you’re free for the weekend and are planning to spend some time playing BTC slot games at your favorite casino, we have just the news for you. Starting this Sunday, Fortune Jack will be running a new leg of its fresh Hot Slots tournament that was recently introduced to the site. Free spins prizes and BTC payouts will be given to dozens of players who rank higher on the leaderboard and you have a whole week to earn your spot. And if that’s not enough competition for you, BetChain is also running a slot tour on its own.

Wager-Free Bitcoin Prizes!

One of a few casinos that always tries to give something back to its players, Fortune Jack Casino has had many great competitions through the years, but a few were as enticing to slot players as the Hot Slots tournament. Opening on Sunday at 00:01 AM, the competition will run for nearly a full week until next Saturday 23:59 AM – a time during which any member of the casino will get a chance to scoop one of 50 tournament prizes:

  • 1st place – 200 mBTC
  • 2nd place – 150 mBTC
  • 3rd place – 100 mBTC
  • 4th place – 60 mBTC
  • 5th place – 50 mBTC
  • Places 6-8 – 30 mBTC
  • 9th place – 15 mBTC
  • Places 10-15 – 10 mBTC
  • Places 16-20 – 5 mBTC
  • Places 21-30 – 25 Free Spins
  • Places 31-40 – 15 Free Spins
  • Places 41-50 – 10 Free Spins

If you want to join the tournament, you need only to be a member of Fortune Jack and play any slot game from any provider that’s available at the casino. Each time you wager real money on a slot machine, you will earn points for the leaderboard, climbing higher the more you spend. After the tournament ends, the casino will pay out all prizes within24 hours. And the best part is that any prize won, no matter if it’s free spins or a BTC prize, will be given without any wagering requirements!  So, if you’re up for some competition during next week, make sure to pay a visit to Fortune Jack Casino.

€500 in BTC + 4,000 Free Spins at BetChain

Another way to earn some extra prizes is with BetChain’s own Spin Fest and Slot Blitz tournaments. Coming tomorrow, the casino will launch a new leg of the Spin Fest competition which will give away 4,000 free spins to 20 different players who earn a higher spot on the leaderboard. To qualify, you can play any of your favorite casino games with real money and earn more points the more you spend. Climb up to the first three positions and you may earn yourself prizes of 600, 500, and 400 spins, respectively.

And for even more competition, you can also join the monthly Slot Blitz tournament, which has a prize pool of €500. This tournament is only played on selected slot machines and there are only five prizes to be won. The highest-ranking player will get to collect €200 in BTC equivalent while the next four will get two prizes of €100 and two of €50, respectively. If you want to get more information about the rules and payouts of either competition, just head down to BetChain Casino.

November 16, 2018: • No Comments

GSA Tests Blockchain Risk Assesment Tool; Thai Crypto Casino Scammers Plead Not Guilty

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GSA – the international Gaming Standards Association – has reportedly signed an agreement with crypto-asset risk mitigation service BlockRe to perform a trial on a risk assessment framework for blockchain-based technology. In an official statement from GSA, the Association revealed that the framework will help them conduct an in-depth review of how the global casino gaming industry might adopt distributed ledger technology for the purpose of gambling.

Gearing Up For Blockchain Tech in Traditional Casino Industry?

As GGR Asia reports, in a Tuesday announcement GSA, whose partners include high-profile game developers like Aristocrat, Novomatic, Playtech, Microgaming, and many more, revealed that it is teaming up with BlockRe to estimate the use of the company’s risk assessment framework. Reportedly, the objective is to determine how helpful will the framework – which was previously deployed in the financial sector – be to game development companies who want to use blockchain technology in their future products.

Peter DeRaedt, president of GSA, revealed that the framework includes risk mitigation strategies and technical guidance on blockchain technology but also that it conforms with “relevant regulatory regimes”. The partnership comes nine months after GSA’s announcement in February that it has formed a blockchain technical committee with a sole task of evaluating the development of a new gaming industry standard. According to the Association, blockchain-based technology could help the casino industry revolutionize security, data sharing, and increase transparency.

Mark Pace, the Managing Director for GSA Europe, commented on the partnership by saying that given their offices in Malta, which is leading the front on blockchain innovation, “the potential access to such a framework” for members of the European chapter of the Association, will be “very timely and exciting”. How useful will this new framework prove for the adoption of blockchain into the traditional gaming industry remains to be seen, but one thing’s for sure – if such an esteemed Association is taking matters into its own hands, it seems that there’s more than enough interest from gaming companies to enter the world of crypto gambling.

Main Suspects in $35 Million Cryptocurrency Casino Scam Plead “Not Guilty”

In other notable news from the crypto gambling community, the main suspects in the $35 million scam we reported on back in August plead “not guilty” in Bangkok’s Criminal Court. During the hearing, Supitcha, Jiratpisit and Prinya Jaravijit – three siblings who reportedly were at the core of the scam – were accused by prosecutors of duping Finnish entrepreneur Aamai Otava Saarimaa out of millions in BTC. After the opening statements, they have pleaded their innocence to the court.

As official reports outlined, Saarimaa was lead to invest in 500 million shares in the DNA Company, in Expay Software Co., but also in the infamous Dragon Coin Tokens so he can grow his cryptocurrency portfolio. But instead of holding their side of the bargain, the siblings reportedly took the money and put it in a private family account only to later invest it into plots of land around Thailand which have since been confiscated.  The estimated damage to Saarimaa is $5,564 Bitcoins, which at current value estimates to over USD $35 million, although at the time the funds were worth much less.

November 14, 2018: • No Comments