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Block Consult provides no verifiable information on their web about who owns or runs the company.

On the “About Us” section of Block Consult’s website, if you scroll right to the bottom, the following executives are presented:

“Sean Alexander” on the left is an actor named Evgeny Savvin. Savvin recently featured on BehindMLM as Trading Insight’s Boris CEO:

Trading Insight was part of the great Boris CEO Ponzi collapse that started last month.

Whether the same scammers are behind Block Consult, or whether Savvin’s photo has been recycled by other scammers is unclear.

Whereas Trading Insight provided us with staged Boris CEO marketing videos, Block Consult cheaps out with stock footage over a robo voiceover.

It appears there was a plan to feature Evgeny Savvin in Block Consult marketing videos, however the linked to video doesn’t work.

I’m guessing SmartDesign was either Block Consult’s original planned name or a placeholder.

In any event, it’s safe to assume all executive and testimonial information presented on Block Consult’s website are bogus.

In an attempt to appear legitimate, Block Consult provides shell incorporation documents for Hong Kong and the UK.

For the purpose of MLM due-diligence, these documents are meaningless and should be ignored.

Block Consult’s website domain (“blockconsult.net”) was privately registered on April 26th, 2021. This is about a week prior to Trading Insight collapsing.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Block Consult’s Products

Block Consult has no retailable products or services, with affiliates only able to market Block Consult affiliate membership itself.

Block Consult’s Compensation Plan

Block Consult affiliates invest funds on the promise of advertised returns:

  • Average Contract – invest $200 to $19,000 and receive 10% a week for four weeks (140% ROI)
  • Premium Contact – invest $20,000 to $99,000 and receive 15% a week for four weeks (160% ROI)
  • Pro Contract – invest $100,000 to $1,000,000 and receive 20% a week for four weeks (180% ROI)
  • NFP Contract – invest $200,000 or more and receive 20% to 40% a month for three months (160% to 180%)

In addition to USD, Block Consult solicits investment in various cryptocurrency equivalent amounts.

The MLM side of Block Consult pays on recruitment of new affiliate investors.

Block Consult Affiliate Ranks

There are eight affiliate ranks within Block Consult’s compensation plan.

Along with their respective qualification criteria, they are as follows:

  • Agent – sign up as a Block Consult affiliate
  • Seller – invest $50 and convince others to invest $1000 (note minimum investment amount is $200)
  • Master – invest $250 and convince others to invest $5000
  • Major – invest $1000 and convince others to invest $20,000
  • Expert – invest $3750 and convince others to invest $75,000
  • Superior – invest $10,000 and convince others to invest $200,000
  • Leader – invest $25,000 and convince others to invest $500,000
  • Ambassador – invest $50,000 and convince others to invest $1,000,000

Referral Commissions

Block Consult pays referral commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Block Consult caps referral commissions at seven.

Referral commissions are paid out as a percentage of funds invested across these seven levels based on rank:

  • Agents earn 3% on level 1 (personally recruited affiliates
  • Sellers earn 4.5% on level 1
  • Masters earn 6% on level 1, 1% on level 2 and 0.5% on level 3
  • Majors earn 8% on level 1, 1.5% on level 2, 1% on level 3 and 0.5% on level 4
  • Experts earn 10% on level 1, 2% on level 2, 1.5% on level 3, 1% on level 4 and 0.5% on level 5
  • Superiors earn 12% on level 1, 2.5% on level 2, 2% on level 3, 1% on level 4 and 0.5% on level 5
  • Leaders earn 16% on level 1, 3% on level 2, 2.5% on level 3, 1.5% on level 4, 1% on level 5 and 0.5% on level 6
  • Ambassadors earn 20% on level 1, 3.5% on level 2, 3% on level 3, 2.5% on level 4, 2% on level 5, 1.5% on level 6 and 0.5% on level 7

ROI Match

Block Consult pays a ROI match using the same unilevel compensation structure used to pay referral commissions (see above).

Block Consult caps the ROI match at eight unilevel team levels, again based on rank:

  • Agents earn a 6% ROI match on level 1
  • Sellers earn a 9% ROI match on level 1
  • Masters earn a 12% ROI match on level 1, 2% on level 2 and 1% on elvel 3
  • Majors earn a 16% ROI match on level 1, 3% on level 2, 2% on level 3 and 1% on level 4
  • Experts earn a 20% ROI match on level 1, 4% on level 2, 3% on level 3, 2% on level 4 and 1% on level 5
  • Superiors earn a 24% ROI match on level 1, 5% on level 2, 4% on level 3, 3% on level 4, 2% on level 5 and 1% on level 6
  • Leaders earn a 32% ROI match on level 1, 6% on level 2, 8% on level 3, 5% on level 4, 3% on level 5, 2% on level 6 and 1% on level 7
  • Ambassadors earn a 40% ROI match on level 1, 7% on level 2, 6% on level 3, 5% on level 4, 4% on level 5, 3% on level 6, 2% on level 7 and 1% on level 8

Rank Achievement Bonus

Block Consult pays a Rank Achievement Bonus starting at the Seller rank:

  • qualify at Seller and receive $20
  • qualify at Master and receive $100
  • qualify at Major and receive $400
  • qualify at Expert and receive $1500
  • qualify at Superior and receive $4000
  • qualify at Leader and receive $10,000
  • qualify at Ambassador and receive $20,000

Joining Block Consult

Block Consult affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $200 investment.

Block Consult solicits investment in USD and a number of cryptocurrencies.

Conclusion

If Block Consult is a reboot run by the same scammers, it’s a pretty lazy effort.

Block Consult’s compensation plan is just a copy and paste of Trading Insight. They’ve even left out elements that make no sense.

In addition to the compensation example above, Seller rank qualification requires only $50. The minimum Block Consult investment amount is $200.

The ruse behind Block Consult is the usual trading bot bullshit. Same as Trading Insight.

Based on Trading Insight and all the other Boris CEO Ponzi schemes, you know how this ends.

The math behind Ponzi schemes guarantees that the majority of participants lose money.

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Review

Bitcoin had a unstable Tuesday, for a short time

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Bitcoin’s near 50% reduction from all-time highs surprised analysts as China’s crackdown fueled bearish sentiment. Bitcoin had a unstable Tuesday, for a short time it was dipping below $30,000. That was for the first time since January before settling around $33,000 at press time. The world’s largest cryptocurrency by market value, is Bitcoin.  It is still up about 11% year to date, according to CoinDesk 20 data.

“The primary reason for the sell-off has been the crackdown in China on mining operations and banking services,”. The analyst at multi-investment platform eToro who is Simon Peters, talked about this.

Regulatory forces from China is always a very big problem for cryptocurrencies. Which is why the near-50% reduction from all-time highs surprised some analysts.

“The news out of China regarding mining and trading crypto may seem dramatic to newer investors, while those with experience should used to the progression of this news over the past several years,” . This was by Sean Rooney, head of research at crypto asset manager Valkyrie Investments.

The effect of regulatory crackdown

Maybe an exasperated regulatory crackdown was not fully priced in given how the price of bitcoin almost doubled over the past year.

“Today we polled our 950+ person community to gauge their opinion on where the bitcoin bottom may be, and we received split answers for $28,600 and $25,500,” . Nick Mancini wrote about it. He is also the research analyst at crypto sentiment data provider Trade the Chain.

In addition, others stay more hopeful and confident about the future, where bitcoin’s price is going. “Bitcoin is currently trading approximately one-third below its long-term exponential trend line,”. A phenomenon that it has only exhibited for 20% of the time in bitcoin’s history, according to Stephen Kelso.

As the head of markets at ITI Capital said. “Given the market forces and demand for scarcity assets to protect wealth, ITI believes this is an attractive buying opportunity for investors.”

For now, $30,000 remains a key support level, even though technicals show limited upside towards $34,000-$36,000.

MicroStrategy

MicroStrategy’s newest relationship to finance the company’s additional buying of bitcoin is now trading under its face value as the cryptocurrency keep falling and decreasing.

Prices on the $500 million bond, which closed on June 15, fell almost three points after the company said on Monday. That it completed its purchase of 13,005 bitcoin at an average price of $37,617. Bitcoin was trading at around $32,542 as of press time.

At last count, MicroStrategy held 105,085 bitcoins. The company so far issued more than $1.5 billion in changeable notes and junk bonds to fund such purchases. Blockchain data shows low request for transactions over the past few months.

Bitcoin and Ethereum Transfer

“Both Bitcoin and Ethereum experienced dramatic slowdowns in on-chain activity, with active addresses and total transfer volume falling back to 2020 and early 2021 levels,” .Mentioned Glassnode in a newsletter published on Monday.

Bitcoin’s active addresses decreased 24% from the March peak. While Ethereum’s share in falling in active addresses was more. It dropped 30% from peak levels.

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Review

Bitcoin Holds $30K Support After Unstable Tremble; Resistance at $36K

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Bitcoin (BTC) went back to above the $30,000 level on Tuesday. After an unstable trading session this happened. Buyers started stepping in with a fast speed. As oversold conditions appeared on intraday charts. The next level of resistance is around $36,000, which could limit further upside.

The world’s biggest cryptocurrency by market value was trading around $34,000 at press time. And it is up 9% over the past 24 hours.

The near-10% price fall on Tuesday was typical of a tremble. Which signals a period of market uncertainty when sellers surrender.

Bitcoin’s two-month decreasing movement appears exhausted after the relative strength index (RSI) on the daily chart registered a higher low. This means buyers can stay active towards upper resistance levels.

The RSI on the four-hour chart is not yet overbuy. Even though bitcoin is still under the 100-period moving average, offering resistance could be found at $36,000.

Stronger resistance is at $40,000 which is near the superior bound of a month-long range.

Bitcoin looks to have bottomed out

While bitcoin (BTC, +1.73%) looks to found a bottom, a quick rally to record highs looks unprobable. Analysts are talking about that the cryptocurrency now faces price consolidation.

“Bitcoin looks to have bottomed out, having digested most negative news during the recent sell-off from $41,000 to $29,000,” . The trader and analyst Alex Kruger said.

Prices went up to $41,000 early last week before turning south in the latter half after the Federal Reserve’s unexpected hawkish dip on interest rates. Market signal and market value of cryptocurrencies are showing major fall.

Bearish sentiment got stronger on Monday after the People’s Bank of China repeated its crypto banking ban in the wake of the Chinese government’s crackdown on crypto mining. Bitcoin expanded the previous week’s sell-off. It continued hitting five-month lows near $29,000 during early U.S. hours Tuesday.

Stack Funds is also keeping a careful stance in spite of signs of bargain hunting.

“We have noticed that whales (large investors) are re-entering the market as risk appetite returns,” it said in a research noted published Wednesday. Short-squeeze hunters are also exiting the market, it said.

“We believe bitcoin is very close to the bottom, at least in this current wave,” analysts are talking about it. But, “we will keep a close eye on bitcoin’s price post options expiry, and it will be interesting to see how this will unfold in the first week of July, the start of the third quarter.”

Bitcoin price is 33,322.70 at the time of this report.

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