U.K.-based multinational security services company G4S has developed a new service for protecting cryptocurrency assets, the firm announced in an official press release Thursday, Oct. 18. G4S, formerly Group 4 Securicor, has released an “innovative security solution” for holding crypto assets in a form of high-security offline storage protecting customers from hacks. G4S also runs both prisons and detention centers, as well as stores cash for “large companies,” the Financial Times notes. According to the senior risk analyst at G4S Consulting Dominic Maciver, the new crypto assets security solution is based on a foundation of “vault storage” that is inaccessible …
The self-regulatory Japan Virtual Currency Exchange Association (JVCEA) plans to stricten its customer asset management measures. The Japan Times outlet reported this news Sunday, September 30, citing “informed sources.” JVCEA is a self-regulatory group of some of the largest licensed exchange operators in Japan, established in April of this year. Now, the organization is reportedly planning to tighten its rules by establishing a limit on the amount of digital currencies that can be managed online by any exchange. According to The Japan Times’ sources, the limit will likely be set at around 10 to 20 percent of customer deposits. JVCEA …
Add artificial life extension to the list of things payable in cryptocurrency: an Arizona cryonics lab is taking donations in Bitcoin. Donors to the Alcor Life Extension Foundation, a non-profit organization based in Scottsdale, can now make one-time donations in Bitcoin in any monetary amount using the company’s Bitcoin donation page, which is powered by popular cryptocurrency service Bitpay. “The generosity of [Alcor’s] members and supporters…permits Alcor to do more than what would be possible with membership dues alone,” the company’s donation page says. “Your generous tax-deductible donation will help us preserve the future for all of our members.” The …