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Showing posts from June, 2020

Russian National Pleads Guilty for $568 Million Cyber Fraud

He was also running a crypto exchange and authorities confiscated around 1,000 BTC from him. Sergey Medvedev, a Russian national, has pleaded guilty in the United States for his in cybercrime with an actual loss of $568 million. The 33-year old pleaded guilty last week before the US District Court for Nevada.  He admitted that he founded and operated Infraud Organization, an international cybercrime organization offering the sale of credit cards and other theft equipment. “One of the leaders of the Infraud Organisation pleaded guilty today to RICO conspiracy,” the US justice department said in a statement. “Infraud was an Internet-based cybercriminal enterprise engaged in the large-scale acquisition, sale, and dissemination of stolen identities, compromised debit and credit cards, personally identifiable information, financial and banking information, computer malware, and other contraband.” He ran the cybercrime front for seven years and, according to the US authorities, it is the la

GBP Bank Transfer Now Available via FPS on

Today, adds support for  zero-fee  GBP Bank Transfer via the Faster Payment Service (FPS) for customers with bank accounts in the UK.  Users are now able to directly top-up their App Fiat Wallets with GBP and transfer funds back to their bank accounts anytime. does not charge any fees on GBP transfers in/out. To set up GBP Bank Transfer via FPS, follow the instructions: Transfer in: Transfer out: *Requires Version 3.60 iOS/Android or later.

Consilium Crypto Saves 10% On Transactions For Institutional Digital Asset Traders

Consilium Crypto , provider of Institutional-grade trading &  risk management  tools for  digital asset  markets, today launches its Liquidity Routing System for  cryptocurrency  exchanges, Consilium ORS.  This product has multiple one of a kind features built in, designed to meet the needs of high-volume crypto traders (hedge funds, miners, OTC trading desks). High-volume clients can save 10% and more on transactions of select coins including Ethereum, Litecoin and Zcash. Consilium ORS also significantly improves pricing on  Bitcoin  and other digital assets, spreading orders across multiple exchanges to avoid disrupting prices, enabling users to get more for their money.  Furthermore, there is no fixed cost for this service.  Costs are a function of the trader’s savings. If customers don’t save on a transaction, they pay $0! We offer a streamlined Liquidity Routing System that does not require custody of funds, a new concept in this type of trading.  Consilium Crypto users keep

Crypto Long & Short: What Trends in Volatility Could Mean for Bitcoin

By this stage, pretty much everyone knows that bitcoin ’s volatility is well above that of equity markets. This is still true, even after the ructions of March. What is less well-known is that the balance of power when it comes to volatility is shifting. Market data indicates that bitcoin markets are becoming less volatile, and equity markets more so. This seems to be unrelated to the crash in markets earlier this year.  You’re reading  Crypto Long & Short , a newsletter that looks closely at the forces driving cryptocurrency markets. Authored by CoinDesk’s head of research, Noelle Acheson, it goes out every Sunday and offers a recap of the week – with insights and analysis – from a professional investor’s point of view.  Of course, it’s possible that this trend turns again. On the other hand, it could point to a broadening interest in bitcoin as an investment asset, as well as a new role for the cryptocurrency in portfolios. Let’s look at the details. It’s all relative First, bitc

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