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Japanese Crypto Exchange GMO Vows to Improve After Regulator Orders Upgrades

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The cryptocurrency exchange subsidiary of the Japanese internet giant GMO has detailed its plans to improve its operations. GMO Coin has submitted a business improvement report to the country’s financial regulator. GMO Internet has also set up an information security audit office for the entire group. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With … Read more

Ford to Use Cryptocurrency for Inter-Vehicle Communication System

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Ford has been issued a patent for “Apparatus and methods […] for vehicle-to-vehicle cooperation to marshal traffic.” The patent indicates that Ford is seeking to use cryptocurrency technology as a means for cars to communicate with each other whilst on the road – with the patent describing a “Cooperatively Managed Merge and Pass (CMMP) system” … Read more

South Korean Exchange Paying Users to Report Illegal Crypto Schemes

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The Kakao-backed cryptocurrency exchange Upbit has launched a system to reward users for identifying fraudulent multi-level schemes related to cryptocurrencies. The exchange has already identified and reported 20 such schemes to the police. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Reporting Illegal Schemes South Korea’s largest cryptocurrency exchange Upbit has invited … Read more

Venezuela Picks FX Platform to Auction Petro ‘Oil-Backed Cryptocurrency’

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Venezuela has chosen a platform on which to auction its “oil-backed cryptocurrency”, the petro. While the country’s National Assembly has repeatedly declared this new currency illegal, the Venezuelan government will proceed with the auction of the petro on the country’s official foreign exchange platform. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies … Read more