Indian Policeman Suspected in BTC Extorsion

Anisuddin Anwarali Saiyed of Umra police station was arrested on Sunday for his alleged involvement in kidnapping and BTC extortion case
12 March 2018   630

According to the case file, Saiyed, having teamed up with other policemen, including the head of the police station, Chintan Shah, kidnapped a businessman and extorted a ransom in Bitcoin. This is reported by Times of India.

Currently, the police are trying to identify whether Said and Shah were involved in such crimes, whose victims did not seek help.

The police department said that businessman Jinesh Patel was kidnapped from a shopping center parking lot on 12 February. Attackers demanded from him to transfer to their account all available tokens in exchange for freedom.

In response to threats from the kidnappers, Patel said that he refused to work with crypto-currencies, however, Saiyed did not believe him. Later, not having achieved the desired, the criminals threw an entrepreneur in the Jahangirpur district, from where he contacted the police.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   137

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.