Author: Konrad

The creator of the ICO scam for $25 million supported by DJ Khaled and Floyd Mayweather was convicted. Fraud of the Centra Tech Robert Farkas, the founder of Centra Tech’s crypto company, which raised more than $25 million from ICO (Initial Coin Offering), a method of raising capital in the form of cryptocurrency or token to finance the venture, has been convicted of fraud. On Tuesday, June 16th, a court hearing was held in Manhattan declaring Farkas guilty after his confession, giving him 87 months in prison and a fine of $250,000. In an official statement, Farkas was accused of…

Read More

Maybe Bitcoin is not as independent from the rest of the traditional markets as we thought Bitcoin independence One of the most popular and at the same time the biggest narrative about Bitcoin is its lack of correlation with traditional global markets. Many investors bought BTC only because of its independence from fiduciary money markets. Such a narrative became so popular that it was the subject of the latest research by Fidelity, an American multinational corporation providing financial services and managing almost 2.5 trillion dollars. The company stated that about 30% of the respondents are interested in the Bitcoin because…

Read More

Research carried out by Deloitte shows that blockchain has become a priority for companies that can make good use of it. Deloitte’s research Deloitte is one of the so-called Big Four financial auditing companies in the international network of trading companies providing consulting and auditing services. Founded by William Welch Deloitte, the company has generated more than $46 billion in revenue in 2019 and this figure is growing year on year. The survey conducted by the audit giant shows that 39% of the world’s largest technology companies are currently working on the development of blockchain technology, and 9 out of…

Read More

The investment fund manager explains to the investors at BTC to be patient when the price is at $9,000. Traditional market, and Bitcoin Currently, the stock market is growing very dramatically, approaching record levels, while Bitcoin is seeing fluctuations of between $8,000 and 9,500. Bitcoin’s relative weakness compared to shares raises some concerns among investors, to the extent that some of them started to expect strong price collapses. According to one of the best investors in the industry, it is more important than ever to “arm yourself with patience” while the Bitcoin course stands. Whoever waits, wins Analysts over the…

Read More

Kraken founder Jesse Powell believes that Bitcoin will be even easier to use and will outperform gold as a value storehouse in the long term. Powell’s opinion In an Bloomberg’s interview on 16 June, the founder of the Kraken crypto exchange, Jesse Powell, said that layer 2 of the network can make Bitcoin as easy to use as the US dollar.  In addition to new features on the Bitcoin network and the numerous improvements discussed in the interview, Powell suggests investing in BTC as a safeguard against the manipulation of the dollar value by the United States Federal Reserve (FED),…

Read More

Data from the Blockchain Center show that Brazilian and Kenyan citizens are most interested in Bitcoin. Popularity of BTC  An interactive analytical map based on data from Google Trends shows the level of interest in Bitcoin around the world, showing that searches for Bitcoin-related phrases are the highest in Africa and South America. Kenya, Brazil and Chile are on the podium in the number of searches for topics related to the world’s largest crypto. source: BlockChainCenter Crypto adaptation in Africa Search data indicate that African countries may become key cryptic players. Cryptos in those areas are developing very fast and…

Read More

What is the plan of a Central Asian country to attract almost a billion dollars from cryptocurrency investments? Plans of Kazakhstan  The government of Kazakhstan has a plan to attract almost 750 million dollars from various investments in crypto mining activities over the next 3 years.  The Minister of Digital Development and Innovation, Askar Zhumagaliyev, revealed his plans at a speech to the Higher Chamber of the Kazakh Parliament. A state of almost 20 million people debated the ban on the mining and trading of cryptocurrencies so that the state could take care of this entirely. Zhumagaliyev noted the progress…

Read More