Despite the intense volatility seen on the crypto market in recent weeks, overall sentiment towards Bitcoin and other cryptocurrencies remains bullish. Most major cryptos have already smashed their all-time high prices since the bull run of 2017 but there is something distinctly different about the market surge this time around. Retail investors. Retail investors, with their growing concerns about the U.S. dollar, increased intelligence in blockchain technology and a little help from Elon Musk, have taken the crypto market by storm and it seems like they are just getting started.

The US dollar is at risk and it’s scaring retail investors away from fiat currency

It’s not a coincidence that the end of the long “Crypto Winter” of the past three years started right around February of 2020. From the 27 of February until the 16th of March 2020, the Dow Jones saw several record-setting days for the most negative point changes in market history. These few weeks, now infamously known as the “Coronavirus Crash of 2020” signified the beginning of a new era in many ways.
Following the crash, the U.S. government, and many governments around the world, initiated stimulus packages like the $1.9 trillion stimuli from the U.S. Congress with more soon to follow in 2021. While that may be beneficial for equities, it’s cause for concern for retail investors who are losing confidence in the long-term value of the dollar and worrying about hyperinflation scenarios.​ Even with the low-interest rates seen all over the world, government loans still hurt productive sections of the economy and this increased, record-setting deficit spending will likely cause major inflation for the dollar. Perhaps, even threatening its status as the world’s reserve currency. These valid concerns certainly play a huge role in retail investors expressing increased interest in Bitcoin and other popular cryptocurrencies. However, it’s not just your friendly neighbors getting in on it, major corporations now want a piece of the pie as well.

Elon Musk and Wall Street inspire crypto retail investors

In 2020, we saw the early signs of major corporations put their money forward with an investment in the crypto industry. However, it didn’t have a large impact like we are seeing in 2021. Perhaps you could say companies like Grayscale and IBM just weren’t exciting enough. To get retail investors really “hyped” on cryptocurrency, a voice of a generation had to speak up. Enter Elon Musk. Recently, Mr. Musk drove the market with news saying the world’s top electric car manufacturer, Tesla, filed with the Securities and Exchange Commission (SEC) to state it will​ become one of the first major corporations to put Bitcoin on its balance sheet and in the future, accept it as a payment method for its products. Further adding fuel to the flame, Musk pushed the market even higher with his polarizing tweets on popular social media platform Twitter. The tweets got significant media coverage all around the world and suddenly (by design or by accident) Elon Musk became the voice of cryptocurrency. Less robust but still important were other large corporations like MicroStrategy, the Bank of New York Mellon, The Chicago Mercantile Exchange, CashApp, PayPal, and HFinance all coming forward with large announcements regarding their support or purchase of cryptocurrency. Coincidentally, these big market entries have had a trickle-down effect on some of the world’s premier cryptocurrency exchange, wallets, and lending platforms. The European-based FinTech and crypto-lending platform YouHodler ​ saw trading/conversion volumes, client activations and crypto-interest account balances increase dramatically over the past few months. The company states that these numbers are expected to grow exponentially in 2021. “The last bull run in 2017 was based on nothing more than hype and a fascination with getting rich quick. However now, we have entered a much more stable phase of adoption which is built on retail investors looking to hedge their hard-earned money against the potential inflation of their fiat currency.” YouHodler CEO Ilya Volkov said in a statement. “Retail investors are tired of earning 0% interest on their traditional savings accounts and when they see new opportunities coming from crypto-finance, naturally it’s an easy migration to make. These investors are looking for new ways to make their crypto work for them and save for the future. Cryptocurrency offers that opportunity and right now, it’s far more effective than mutual funds or anything found on the stock market.” News of such platforms like YouHodler is spreading rapidly thanks to an increased interest in investing in popular social media outliers like Reddit and Twitter.

Retail investing is not fringe any more (thanks to social media)

It wasn’t long ago when social media took an aggressive stance towards cryptocurrency, treating it in the same vein as it treats gambling content. For that reason, online crypto communities were small and close-knit, far from the eyes of the mainstream. However, with Twitter founder Jack Dorsey recently loosening restrictions on crypto-related Twitter posts and Reddit subreddits like r/WallStreetBets exploding in popularity, there are now endless channels to access information about cryptocurrency and meet like-minded investors. Some may say these channels opened the door for retail investors who before lacked the knowledge of basic investing principles. In many ways, that is a positive effect of the internet. Connecting and educating groups of people who before, never would have met. However, at the same time, it’s also introducing millions of people to something they may not have the skills or temperament for. Investing, as many know, comes with some high risks and without expertise, it’s possible to incur life-changing losses in the crypto market. For that reason, we are seeing some countries take a hard stance towards retail investors, in some cases, even banning them from trading cryptocurrency. Hong Kong for example is currently drafting a proposal that will effectively ban all retail investors from buying and selling crypto in addition to requiring all digital asset trading platforms to provide specific licenses to operate in Hong Kong. Meanwhile, in Sweden, the Financial Supervisory Authority ​ in Stockholm essentially threatened companies that attempt to sell high-risk and complicated instruments to certain investors who may not understand what they are getting themselves into. While yes, it’s a sad fact of reality that a small percentage of retail investors are losing their life savings from investing without intelligence, in many ways it is a necessary aspect of market maturity.

Retail investors are speeding up mass adoption

As seen in the examples from Sweden and Hong Kong, retail investors are speeding up-regulation through their uncontrollable desire for cryptocurrency. Whether governments know it or not,  hastily creating new regulations for cryptocurrency investors is helping to speed up mass adoption. By creating the necessary legal framework, more legitimate crypto companies and investors can thrive safely. More retail investors and big corporations are likely to enter the market when they feel their investment is safe. Safe investments only happen in a regulated industry, and we are currently on the fast track to becoming that. We’re still a long way from Bitcoin being a stable store of value like gold, and there will be plenty of 30%+ market corrections throughout this bull run. However, forward progress is being made daily and this industry is healthier than it’s ever been. Cryptocurrency is not a fad or a get-rich-quick scheme like many thought in 2017. It’s the future of finance and we’re witnessing its rise to power at this very moment.

While the virtues of digital assets and platforms get extolled regularly, there’s a hideous side to this virtual space: the criminally-minded roam free looking for investors to devour.

With unsuspecting investors not doing enough due diligence, many scammers masquerading as businessmen fleece them of their investments by selling them worthless tokens. The lack of regulation hasn’t helped as no one is ever held responsible for the loss of funds suffered by investors to these scammers.

Since cryptocurrency became a thing, many investors have lost huge sums through scams, exploits, and frauds orchestrated by a collection of people that are fully conscious of the loopholes in the digital space.

The Man, the Myth, the Scammer

From the perspective of a naïve investor, Andrei Khovratov’s profile matches the description of a reputable businessman, which is no surprise as Andrei runs a slick sinister organization with far-reaching tentacles.

The wolf in a sheep’s clothing disguises his nefarious activities by diversifying the proceeds of his wealth into verifiable models while fronting other legal ventures such as consulting. This keeps the unscrupulous and fraudulent activities of the scammer away from public scrutiny.

The Butchering Project called CryptoUnit

Andrei Khovratov and his goons masquerading as crypto experts run an elaborate scheme called the CryptoUnit. Through the project, they register investors as owners of the CRU token, given to these holders as authentication of their ownership of specific shares in some sort of investment portfolio that Andrei Khovratov taunts as the next big thing.

Since fraud is always going to be eventually found out, Andrei Khovratov found a way to delay the inevitable through the stringent registration process. Newbies are carefully selected for the slaughter to avoid their financial demise being traced to Andrei Khovratov.

Typical of most fraudulent outfits, Andrei Khovratov executes his illicit trade through shady companies created solely to perpetuate these fraudulent actions. These companies have changed names multiple times – from SWIG to NEEW – a sign of a suspicious company. Things get interesting when you probe further and discover its one address hosting all Andrei Khovratov’s list of companies.

CryptoUnit: An MMM styled project

While the MMM founder might be dead and buried, others are getting ready to take his throne. Andrei Khovratov looks to be right in the mix with his CryptoUnit project.

This Andrei Khovratov pet project follows the same approach but with a firm grip on who gets in. Members of the unit bring fresh meat into the fold through tasty promises that are never fulfilled.

To guarantee this hook always catches a fish or two, the project is available in multiple languages, so investors of diverse races are adequately targeted.

Members are expected to upgrade on a routine basis to a new package with bogus promises attached. Of course, these promises are never fulfilled as these members are the fattened cows being milked.

The Cover

Keeping such a scheme under wraps can be tough, but Andrei found a way to do it: using a cover. The sleazy conman uses the cover of offering courses to investors interested in becoming financially free to entrap victims. His fraudulent establishment, NEEW has a website that hosts several courses meant to empower users but they can only be purchased using the CRU tokens. This often piques the interests of readers, as the bait has been set. Unfortunately, most of the courses are worthless as they provide no real value to the reader.

The CRU Tokens

Supposedly, efforts were made to ensure the CRU tokens were listed as a security token, but that never materialized. And despite the failure of the token to meet the required stipulations for listing, Andrei Khovratov has continued to ensure the sales of the worthless cryptocurrency to unsuspecting investors.

How has this gone on for so long?

Andrei Khovratov’s scheme had gone on long enough due to a stage-managed marketing ploy. He throws a few crumbs at older members, so the foot soldiers keep doing his dirty work. It’s a well-thought-out strategy that has continued to pay forward for the fraudster.

Due Diligence Is Needed

With Andrei Khovratov still on the prowl for more victims, investors have to be mindful of his schemes. He has recently NEEW has gathered over a hundred million dollars in funding, but there’s no confirmation of such claims.

Having being blacklisted in certain countries like New Zealand, Andrei Khovratov might be looking to test new waters in bigger countries like the US, Canada, and others. Investors are warned to protect themselves from the activities of this scammer by doing sufficient due diligence before investing their money in any venture.

Singapore, 2 November 2019 – Singapore-based Building Cities and Beyond (BCB) Blockchain announced that BCB will be listed in DOBI Crypto Asset Exchange starting November 5. BCB is a digital currency created to develop smart city solutions for the future, leveraging an infrastructure protocol and an ecosystem built on blockchain technology.

BCB Token’s listing on DOBI Digital Asset Exchange will further solidify its prominence and reputation in the crypto space.

Known for its strict evaluation on listing tokens to its platform, DOBI Trade Digital Asset Exchange is the one of the world’s most accessible cryptocurrency trading platform that aims to create a quick, convenient, and secure trading platform for all. DOBI is also the leading manufacturer and distributor of ready-to-assemble cryptocurrency ATMs.

“The listing will allow BCB to have DOBI’s 100+ countries user base. BCB is a leading smart city blockchain protocol that has good usage volume which matches with our proven track record in the crypto space, ” Jacky, Head of Business Development, DOBI Exchange said.

BCB’s projects are focused on incubating blockchain start-ups, product development and launch of smart city applications, leading to a higher potential of smart city projects. BCB’s protocol comes with APIs that are specifically optimized for the development of distributed smart city applications, such as secure eWallet, smart contracts and peer-to peer messaging applications. BCB aims to build a community of 10,000 developers in Asia. It has physical presence in 8 countries and BCB incubation hubs in 4 of them.

“Our partnership with DOBI provides the BCB community another top exchange for trade information and market capitalization. Dobi also has the blockchain research center in Shenzhen which BCB hopes to develop smart city technologies with blockchain together,” Vanessa Koh, BCB Chief Technology Officer said.

Moving forward, BCB Blockchain is gearing up its partnerships via hackathons and acceleration programs with universities to expand development of the BCB ecosystem to create smart city solutions.

About Building Cities Beyond (BCB) Blockchain

Building Cities Beyond (BCB) Blockchain is a blockchain protocol for the development and infrastructure of smart city solutions. With BCB safe, secure and scalable protocol, the APIs are ready for use for the development of a variety of distributed applications, such as eWallets, messaging applications, integrated payment and enterprise solutions, and many more

For more information, please refer to https://www.bcbchain.io

About DOBI Crypto Asset Exchange

DOBI Trade Digital Asset Exchange is the world’s most accessible cryptocurrency trading platform that aims to create a quick, convenient, and secure trading platform for all. Take advantage of our proven track record and user-friendly interface across all actively-traded token pairs. There’s no steep learning curve as registering an account on DOBI is straightforward and easy.

DOBI is also the leading manufacturer and distributor of ready-to-assemble cryptocurrency ATMs. Ranging from compact makes to premium industrial-grade modules, they can be designed and customised to fit most specifications while offering features such as FIAT acceptance and fingerprint recognition capabilities. For more information, visit https://www.dobiexchange.com.

Media Contact
Dean Bernales
R3d Global
Email: [email protected]
Tel: (65) 6259 3193

Binance is on the move and is apparently set to leave its adopted home of Malta. One of the largest cryptocurrency exchanges, Binance, has been in Malta since 2018, but now it seems the company is moving to France. 

Since the exchange was banned in its home of China, the headquarters have been in Malta. The island which was dubbed, ‘the blockchain island’ has long been known for its open regulations towards the industry.

The Malta government released three bills in June 2018, which established a framework for the industry. It gave guidelines for initial coin offerings (ICOs), exchanges and other aspects of the industry. 

It was these laws by the Malta government, that prompted Binance’s decision to move to Malta, along with other major exchanges like OkEx. However, the rumored new regulations have made Binance think of moving once again. 

The rumor comes from sources close to Binance who have claimed that the exchange does not plan to comply or sign the Malta VFA license. Instead they will look to attempt to sign a French license instead. What this means for the over 30 staff members at Binance in Malta is unclear. It may be that Malta turns into a European customer service hub. 

Binance also has exchanges in Liechtenstein and Singapore, along with offices in many other parts of the world. Malta is meant to be Binance’s pathway to Europe, but it appears the group now sees the major European nation of France as the best way.

However, it appears that much of the regulation for France and Malta depends on the European Union (EU). The European commission still needs to pass Malta’s framework, which would also be a similar case for France. 

This would ultimately mean that the sources initial rationale would not make much sense. Could Binance be unwilling to sign the license due to other reasons? Perhaps Binance and Malta regulators have been butting heads or a political issue may have arisen. 

Binance have often had controversies in the past. Claims of plagiarism and Binance JEX issues have made them less than perfect and this could cause a problem between themselves and Malta. 

This is all speculation, but it clearly there are whispers that Binance is on the move and may not be happy in their Malta home.