Men

Forbes Billionaires List of 2020 Shows Four Crypto Proponents

Forbes has recently published its list of 2,095 billionaires.  Within this list, only four of these entries were in regards to entrepreneurs who made their fortune through crypto. As it stands now, the richest man in the crypto industry is Micree Zhan, the co-founder of Bitmain. Zhan appears at Number 690, clocking in at a net worth of $3.3 billion.The 1% Goes GlobalWhile it may not be to everyone’s taste, some good news has come amid these trying times of the COVID-19 pandemic. It’s already established that amid trying times,

OneCoin Co-Founder’s Sentence Postponed

The United States government’s request for a delay on the judgment of OneCoin co-founder Konstantin Ignatov has been granted New York Southern District Court.Reports confirmed earlier today that the District Court approved the request yesterday after the government had filed a motion to adjourn Ignatov’s sentencing a bit longer. The sentencing, which was initially to happen on April 8, 2020, will now be shifted to July 8, 2020. A Useful Part of the Government’s Campaign Against OneCoin Ignatov founded OneCoin in Bulgaria with his sister, Ruja Ignatova. Both oversaw the scam that

The crypto lending industry — a ticking time bomb, rather than a shortcut to mainstream adoption

In his book “Extraordinary Popular Delusions and the Madness of Crowds”, Charles Mackay says that men think in herds and go mad in herds, while they only recover their senses slowly, and one by one. That was written in 1841. Today, it is even more relevant.The most illustrious collective obsession in the past decade is cryptocurrencies. For the last couple of years, we witnessed industry-specific shocks with varying implications, be it exchange hacks, scam schemes, or else. Although covered in controversies, in the long-term, the rise of cryptocurrencies should be