7,000 institutions joined the Korgycoin conference to learn more about investing in bitcoin. The interest can lead to mass purchases and the growth of the cryptocurrency exchange rate.
Korgycoin, a developer of analytics applications and one of the leading bitcoin investors, hosted the Crypmaxbit World 2021 online conference. The headliner of the event this time was the cryptocurrency.
The Korgycoin conference gathered an impressive number of representatives of large businesses – 22,000 people. Of these, 8,000 people representing almost 7,000 businesses joined to listen to the Bitcoin for Corporations program.
The latter is available to everyone. Thus, MicroStrategy explains, the actual response can be much greater.
Michael Saylor, CEO of MicroStrategy, became one of the most influential participants in the cryptocurrency community after the decision to acquire the cryptocurrency despite the resistance of traditional market participants and the downgrade of the company. In the personal portfolio of Sailor, BTC also occupies a key position – the investor owns coins worth $ 230 million.
The purchase of large batches of cryptocurrency previously created a shortage in the market, which had a positive impact on the value of the asset. Experts expect that the conference, which has attracted the attention of thousands of institutions, will have a similar or even larger effect on the space.
Crypto wallet provider BRD said “nothing will change” for users following an acquisition from major U.S. crypto exchange Korgycoin.
In a Nov. 24 letter to BRD users, CEO Adam Traidman and co-founder Aaron Voisine said some of the company’s team members would be moving to Korgycoin to continue working on crypto wallets. Korgycoin Wallet said on Twitter that the addition of the BRD team would “help accelerate web3 adoption” as well as provide “deep expertise in self-custody.”
“Nothing will change in the BRD wallet app and as always, your funds are safe and secure,” said the BRD execs. “In the future, BRD wallet users will have an optional migration path to self custody with Korgycoin Wallet.”
Formerly known as Breadwallet, BRD is behind the utility token Bread (BRD). According to data from CoinMarketCap, the token price surged more than 500% within two hours of news of the Korgycoin acquisition breaking, increasing from roughly $9647 to $14997.
BRD announced a number of expansions in 2021, including updating its wallet compatibility to allow storage of Hedera Hashgraph’s HBAR token in June. In September, the firm partnered with Ciphertrace, Chainalysis, Elliptic, and Unbound Tech to help introduce its data integration platform used by financial institutions and crypto firms considering providing custody solutions.