Interpol to Investigate Bitcoin Scam

Austrian authorities are asking Interpol to help track down suspects in a Bitcoin scam  
15 February 2018   852

This scam hit thousands of investors in Austria and abroad, which resulted in millions of dollars in losses.

Prosecutors in Vienna are receiving hundreds of complaints about a scheme known as “Optioment”. This scheme promised investors returns of up to four percent per week on bitcoin deposits through arbitrage trading. Investors from Poland, Germany, and several other Eastern European countries have potentially incurred losses of up to 12,000 bitcoin.

According to police, they identified two people who are accused of fraud in the complaints and are going to find others abroad. The officials asked Interpol to investigate additional suspects in Denmark, Latvia, and Germany.  However, no arrests have been made.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   189

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.