Bitcoin Trader Robbed During an In-Person Transaction, Kicked Out of Car in H...
An unnamed 37-year-old man was a victim of a theft from a gang of robbers who fled with 15 bitcoin (BTC), worth HKD 3 million ($387,000) in cash. They had agreed to meet in person for a crypto exchange transaction. Six Non-Chinese Suspects Allegedly Involved in the Theft Per the South China Morning Post, the bitcoin trader intended to meet in person in Hong Kong with the alleged buyers after an online conversation. Initially, the unnamed victim was paid the HKD 3 million in cash as agreed while in the robbers’ car, as he previously transferred 15 BTC to the buyers, outside a hotel in....
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The trader exchanged 15 bitcoin for HK$3 million before being robbed of both.
“This is a big setback For us,” Jason King says in a Facebook post notifying followers of a robbery committed against the Unsung.org “Hacker House.” Hacker House Robbed. The hacker house of Unsung.org, an application which seeks to deliver unwanted food from local caterers and restaurants to the homeless, powered by bitcoin, was robbed today. The....
Hong Kong police are investigating the second incident in the year involving an offline cryptocurrency transaction. A female trader is reportedly the latest victim of robbers who stole her HKD 3.5 million ($451,000) worth in tether (USDT) tokens. One of the Robbers Gained Female’s Trust by Performing Three Successful Transactions According to the South China Morning Post, thieves lured the female crypto trader to an office for arranging the deal. The incident took place at the Ricky Centre on Chong Yip Street in Kwun Tong, said the authorities. Initially, the robber allegedly gained....
One of the crucial features for a digital transaction medium to be viable for payments made in person is that it should be reliable, and nearly instant. A transaction, once created by the sender, should appear on the receiver's device within one to three seconds. Even five seconds may be acceptable, but from the point of view of an average user requiring a customer and merchant to awkwardly wait for fifteen seconds while a transaction makes its way over the network is an embarrassment - especially when competing platforms like Square can accomplish the same (albeit without Bitcoin's low....
The Mycelium Bitcoin Wallet has a new feature available that will make the acquisition and sale of bitcoin a whole lot easier for existing users. Dubbed Local Trader, the feature will allow bitcoin buyers and sellers who are local to each other to transact, similar to LocalBitcoins.com. Trades made are done person-to-person using cash and, well, bitcoin. A seller using the feature can make "geographically pinned sell orders" where they can sell at a chosen exchange rate. Buyers can look for sellers geographically and/or scout for the best deals available nearby. According to the....