Japanese Company GMO to run In-game Bitcoin Rewards

Japanese internet services giant GMO Internet Inc. reveiled its plans to launch a bitcoin-based application for in-game rewards in August of 2018
01 June 2018   411

Named CryptoChips, this new application will provide a way of rewarding players who achieve a certain advance or milestone, will start with bitcoin support for now. As reported, the product will be piloted in the GMO-developed game Whimsical War.

The company in its press release in both English and Japanese had this to add:

CryptoChips can be mounted on the game application and allows players to receive cryptocurrency as remuneration within the game – like a ‘secret pocket money’ – depending on the players’ rankings or when players have achieved missions or acquired items.
GMO Internet Group
Company, Japan

This step is the latest measure into the cryptocurrency sphere for GMO, that already launches its own crypto exchange, mining operation and even pays a portion of staff wages in Bitcoin.

Earlier this year, in March, the GMO firm’s exchange promised to develop and refine  data safety after regulators found its security lacking. That fact was confirmed during cross-industry inspections that were held on the heels of January’s $530 million hack of fellow Japanese crypto exchange Coincheck.

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   256

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.