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Social media has lit up with condolences for top OneCoin scammer Juha Parhiala.

Thus far there hasn’t been any official confirmation of Parhiala’s death, reportedly overnight across May 10th/11th.

Born in 1958 and hailing from Finland, Parhiala is best known for co-owning the OneCoin Master Distributor position with Sebastian Greenwood.

Through the position Parhiala and Greenwood stole millions of dollars from OneCoin victims.

When BehindMLM last checked in on Parhiala in 2017, he had just purchased a bar in Cambodia.

At the time Parhiala was living in Thailand. According to his personal Facebook profile, Parhiala at some point fled Asia for Dubai.

Dubai is currently the MLM crime capital of the world. The UAE has no significant extradition treaties and MLM regulation is non-existent.

Parhiala’s reported death follows the arrest of Frank Schneider. In addition to overseeing money laundering within OneCoin, Schneider worked as Ruja Ignatova’s fixxer.

His arrest is a major coup for US authorities, who are slowly apprehending key OneCoin figures.

Parhiala’s partner in crime, Sebastian Greenwood, was arrested in Thailand at the behest of US authorities in 2018.

Whether US authorities were pursuing Parhiala is unclear. Between Schneider and Greenwood, they’d have certainly had enough intel to push for an indictment.

I suppose it comes down to the extent Parhiala was involved in running OneCoin versus just stealing money.

After OneCoin Parhiala attached himself to the short-lived clone Ponzi Solidus Global.

Living off the money he stole from OneCoin victims, in his later years Parhiala attempted to rebrand himself as a charitable “motivational speaker and independent coach”.

Parhiala’s last social media post was made on May 6th.

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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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‘Be Patient- Bitcoin Price To Recover’ Says A Popular Analyst

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The global market capitalization for the past couple of days is experiencing an extreme drain. Most of teh crypto assets are registering a consecutive 5 red daily candles in a row. The huge selling pressure accumulated on the Bitcoin price has compelled it to bottom below $38,000. By trending very close to the support levels around $37,000, the fear of BTC price revisiting levels around $34,000 hovers. 

Despite the bearish sentiments surrounds the assets, yet it is believed that the price will recover very soon. A popular analyst Alan Santana, suggests his followers to patiently wait until the price flips the bears. He also said that some people are already giving up Bitcoin, falling into the trap of ‘Panic Selling’. And also asked his followers not to join them, rather wait until the next pump.

Also Read: Dogecoin Price Feared To Continue With A Bearish Trend, Is $0.2 At Stake?

btcchart

The price seems to be following the path led by the analyst as it bounced significantly on visiting the support zone at $37,978. With a significant bounce, the price could surge close to $40,000 or above. However, yet the chances of forming lower lows still hover the rally. And in such a case, the price could even visit the lower support at $35,700 and rebound. 

However, $35,700 are among the strong support levels and if in case, the Bitcoin price fails to sustain, then a plunge below $34,000 may be imminent. But considering the indicators, the RSI has already bounced back and MACD showcases ease in the selling volume. And hence considering the factors a bounce above $40,000 may be on the way for BTC price.

Also Read: Cardano(ADA) Price Spikes As Bitcoin & Ethereum Yet To Manage The Trembled Situation!

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