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GIN Platform Launches a New Product – the Cloud Node

Gin platform launches a new product – the cloud node

GIN Platform Launches a New Product – the Cloud Node


Gin platform launches a new product – the cloud node
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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

bitcoin Press Release: The GIN Platform announces its newest product – the Cloud Node, designed to further increase accessibility to masternode deployment and management.

31st October, 2018. London, UK. The GIN Platform was created with the purpose of giving everyone access to creating and managing a masternode, regardless of technical skills. Following that direction, the team introduces a new product – the Cloud Node, designed to further increase accessibility.

Starting October 26th, 2018, the GIN Platform’s infrastructure core features two options: Dedicated Node and Cloud Node.

Cloud Node*
The price of this service is $4.5 per month ($0.15 per day)*. Its main characteristic is that masternodes launched under this option will be hosted alongside other masternodes on the same server, sharing the same IP. It was designed to support projects whose masternodes generate smaller rewards than the hosting price.

*This service is not available for DASH, PIVX, ZEN, and ANON.

Dedicated Node
The platform will maintain its original option as well, only adjusted to the financial changes that the billing component brings about (details below). This Premium service costs $12.6 per month ($0.42 per day)* and will continue to work on a dedicated server type of structure – one masternode per server.

GIN Platform fees are paid in GIN, on a daily basis.

Every user is able to choose the preferred product at any moment. This will be made possible through the implementation of two buttons in the Dashboard: an Upgrade button, and a Downgrade one. It’s very important to mention that choosing to Upgrade or Downgrade will trigger a setup process, since it basically means creating a new server for your masternode. More details on the platform.

Discounts Policy
Starting November, details about volume and commitment discounts will be available. The team chose not to disclose any information on this subject.

GIN Community is Engaging More and More Members
GIN has a very active community on Discord and Telegram. At the moment of writing, there are over 7,000 members in the Discord channel and more than 2,000 in the Telegram one. This adds to the 5,000 followers on Twitter. The members are constantly connected to the developers, support or other team representatives.

About GIN Platform
GIN Platform is the first masternode deployment platform meant to be used by the mass market; its mission is to make masternode investments (and subsequently passive income generation through MNs) easily accessible to everyone, regardless of technical skill.

At the moment of writing, GIN hosted almost 1.7% of all online masternodes.
*All prices exclude VAT.

Visit the website: https://p.gincoin.io
Chat on Telegram: https://t.me/gincoin
Discord: https://discord.gg/xgJ5TRr
Twitter: https://twitter.com/gincoin_crypto
Medium: https://medium.com/@gincoin

Media Contact
Name: Adrian Grigore
Email[email protected]

GIN Platform is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.

Published at Sat, 03 Nov 2018 13:22:33 +0000

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Programmer Gets 16 Months Jail Time for Bitcoin Laundering Scam

Yuri Lebedev, an immigrant from Ukraine, was sentenced to 16 months of jail for his role in a bitcoin scam that used an illegal bitcoin exchange, Coin.mx, for laundering money for a global hacking ring.


No matter how smart or lucky a criminal is, they usually end up facing the long arm of the law. The latest perpetrator to face justice is Yuri Lebedev, a Florida programmer who had emigrated to the US from Ukraine as an exchange student when he was 16. Now he’s being sentenced to 16 months in jail for his role in a bitcoin scam featuring the illegal exchange, Coin.mx.

Using Technology for Criminal Enterprise

Yuri Lebedev is 39, married, and the father of three children. He’s also the tech guru behind Coin.mx, an illegal bitcoin exchange that authorities say laundered money for a global hacking network. The court found that Yuri Lebedev did not actually launder any funds himself or be personally involved in any hacking, but he was found guilty of setting up and maintaining the illegal exchange.

The group behind Coin.mx targeted financial and publishing firms, such as JPMorgan and Dow Jones & Co., to steal customer data. They then targeted millions of victims to spam “pump and dump” penny stock schemes. The cryptocurrency they received for their attacks was then laundered through the Coin.mx exchange. Yuri Lebedev had set up an array of servers to process the transactions, which were disguised to banks as restaurant delivery charges and online purchases of collectible items in order to be converted into cash. The actual operator of Coin.mx was Anthony Murgio, who was sentenced to 5 1/2 years of prison. The man behind the hacking scheme itself is Gery Shalon, an Israeli citizen, who was recently released from jail after agreeing to pay of fine of $403 million USD.

Shining Opportunity Squandered

As for Yuri Lebedev, he explained his part in the scheme as wanting to create “cutting edge technology” and build something “that would make me exceptional.” He added that he “got carried away.” However, he is lucky in that he did not get the full ten years that he was facing.

It’s a sad twist as Yuri Lebedev had done a lot to improve his lot in life. He was born in Russia and raised in Ukraine. He was abandoned by his alcoholic father when he was 8 and raised by his mother, who was a scientist. He came to the US as an exchange student when he was 16. He graduated from Valdosta State University with degrees in physics and computer science, and he then went on to gain a Masters of Science and Physics from Florida State University. As one could see, Yuri Lebedev is an extremely bright individual and actually didn’t need to turn to crime for money.

An interesting twist on the federal case is that the judge ruled that Bitcoin is money. US District Judge Alison Nathan ruled:

Bitcoins are funds within the plain meaning of that term. Bitcoins can be accepted as a payment for goods and services or bought directly from an exchange with a bank account. They therefore function as pecuniary resources and are used as a medium of exchange and a means of payment.

Do you think that Yuri Lebedev squandered his opportunity by being part of a bitcoin scam? Does such laundering schemes hinder the wider acceptance of cryptocurrency? Let us know in the comments below.


Images courtesy of Pixabay, Flickr, and Public Domain Pictures.

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