T.Mickauskas:Bitcoinus Will Rule the Blockchain Payment in 2 Yrs 81

Global e-commerce revenues rise at around 20% annually and the pace should continue this way for at least several years to come. This year the numbers should exceed $3 trillion level when we combine all worldwide sales expectations.

Now if we look at currently absolutely astonishing increase in capitalization of cryptocurrencies, there are a few assumptions to be made. Since 2017, Bitcoin alone rose over 1400% in value it gets very tempting and obvious that more and more retail consumers going to switch to cryptocurrencies. Most of them will maintain the focus on the growth of their capital. However, a very common practice is to spend a little bit of gain on small retail purchases and the trend has only started to appear.

E-commerce continues to skyrocket

Online purchases in most cases compile to around 10% of all global retail sales. The number is also growing every year and the future is clear – the e-commerce will eventually dominate the market. While according to Statista, over 19% of all sales were online based in China it only adds up to around 6,7% in Japan. The numbers are projected to increase at least 15% every year.

Switching back to cryptocurrencies, it is important to note that only a tiny fraction of e-commerce companies offer payments in Bitcoin, Ethereum or any other altcoin. The overall industry of online crypto payments is far away from exceeding 1% of all transactions.

Bitcoinus is an online crypto processing company targeting this – once in a lifetime – market opportunity to expand at an incredible pace.

“Media attention to blockchain based products and specifically cryptocurrencies like Bitcoin is overwhelming. The reality, on the other hand, is that the real revolution and the switch to this form of financial freedom is yet to happen. We started Bitcoinus to help people and businesses to maximize their gains by utilizing blockchain technology. It is now or never and between the two, we chose NOW.” – Says Tomas Mickauskas, the founder of Bitcoinus.

Crypto Payments in Every E-Shop

The main idea beyond Bitcoinus is to make all types of cryptocurrencies available to retail customers wishing to buy any item online with their bank cards. Beyond the complex process of transaction lies the simplicity of two click payment.  An individual will no longer need to go through a long and exhausting process of buying cryptos, storing them safely and then sometimes losing in cases of unfortunate events or scams.

Bitcoinus will introduce the merchant reputation system where all of the online businesses will be rated according to their performance levels and transparency. Ensuring commercial trust between the two parties is the key when we speak about the immediate adoption of the technology.

Another reason why Bitcoinus will make its way to dominating the industry is its relatively low cost to any of the existing competitors. 0.5% transaction cost is what the standard package of Bicoinus payment processing will be. In comparison to any credit card processing gateway companies, the commission sometimes only adds to as little as 10% of the regular pricing. Getting 90% discount for the service clearly brings strong opportunities for cost optimization and lower prices to the end retail clients.

Financial ICOs Bring Overwhelming Returns

2017 was a year of many successful ICOs and impressive capital gains. The infrastructure of blockchain based technology for retail user is only on its way and many of the ICOs were suggesting their outlook on many industries.

When it comes to financing, there was no shortage of great success stories, some of which are worth mentioning to make a point of where the market is headed. Tezos ICO attracted over $232 million and the return on their token has already brought over 1100% rate to the contributors. The example is impressive and shows how much the community is into new promising blockchain projects.

Tezos is not alone with this level of short-term return to its supporters. Another great example could be Status which generated an even higher rate of around 1500% returns.

When we speak about financial companies, one of the most shining stars will have to be TenX. The ICO campaign claimed to simplify the everyday use of cryptocurrencies. They succeeded to attract a lot of international attention with the service and their new approach to crypto. The returns to this day amount to roughly 550%.

“Bitcoinus will deliver the much-needed infrastructure for all global online-based businesses and retail clients. Having in mind the fact that there is no industry leader as we speak it will certainly be interesting to get involved in the formation of this new market segment. We are ready to dedicate all our resources to make it to the top and I am sure we will. The need for the quality cryptocurrency processing will continue to increase at an overwhelming pace. Everyone, business or individual, will look to find the best way to pay or get paid in crypto. Bitcoinus will be exactly what they will be looking for.”– says Povilas Ruzgaila, the head of business development of Bitcoinus.

Bitcoinus ICO 

The ICO of Bitcoinus will commence on 22nd of January. All contributors will be able to get generous 47% discount on BIU tokens. Some of the best examples of future benefits are free transactions to B2B clients who will be interested in adopting the cryptocurrencies as their additional new payment method.

All individuals who will support the Bitcoinus project will also be able to get a variety of discounts while shopping at Bitcoinus retail partners’ online platforms and e-shops. BIU tokens will be traded in all major exchanges to provide the liquidity, therefore, it will create all conditions for the token to be accepted as a payment method to all Bitcoinus partners.

Bitcoinus ICO presale will offer 8M tokens 47% off the regular price, starts on 22nd of January.

Website: www.bitcoinus.io

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Huobi Tech’s Subsidiary Huobi Asset Management Got the Approval to Launch 100% Virtual Asset Funds and Plans to Launch 3 Virtual Asset Funds 4232

Huobi Technology Holdings Limited (“Huobi Tech” or the “Company”, stock code: 1611), is pleased to announce that Huobi Asset Management (Hong Kong) Limited (the “Huobi Asset Management”), a wholly-owned subsidiary of the Company, has obtained the Securities and Futures Commission’s (the “SFC”) approval to manage and distribute 100% virtual asset funds with effect from 3 March 2021. Huobi Asset is the second licensed virtual asset manager in Hong Kong to fall under the SFC’s “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets” (“T&C”) since October 2019.

As the first licensed virtual asset fund manager approved by the SFC to issue virtual asset funds with an active investment strategy, it is the first virtual asset fund manager in the Hong Kong market to accept fiat currency or virtual asset subscription channels. Huobi Asset Management plans to launch three virtual asset funds: BTC tracker fund, ETH tracker fund, and multi-strategy virtual asset fund. Besides, Huobi Asset Management is launching its multi-asset fund with 10% allocation to virtual assets whilst 90% into traditional assets such as equities and fixed income.

A senior investment team will manage Huobi Asset Management’s virtual asset funds. The main business partners include Sidley Austin, Mourant, DBS, Fidelity Digital, and other world-renowned institutions. Ms. Gillian Wu, CEO of Huobi Asset Management, said, “We aim to provide various choices to investors with different risk appetites. We have covered comprehensive perspectives through in-depth dialogues with SFC and made full preparations on corresponding solutions. We are confident that our funds could offer one of the most secure and reliable channels for Professional Investors to access this novel asset class conveniently.”

The management of Huobi Tech said, “We are delighted that Huobi Asset Management team has secured such a breakthrough. The approval’s timing is perfect, coinciding with the mainstream institutional adoption of virtual assets starting from this year. We will continue to explore the possibility of diversifying our businesses in relevant areas to enhance our growth prospects and bring long-term sustainable returns to our shareholders.”

Max Dilendorf Serves as a Bitcoin Expert Witness in USCIS EB-5 Green Card Adjudication Proceedings 4653

The United States Citizenship and Immigration Services (USCIS) has frequently denied EB-5 applications that list Bitcoin exchange-traded-funds as a legitimate “source of funds”. Yet, in an unprecedented approach that included forensic reporting analysis, attorney Max Dilendorf provided an expert legal opinion and due diligence report proving that a green card applicants’ source of funds met the standards to be qualified under this program.

Because USCIS only requires a “preponderance of evidence” showing the legal acquisition of investment funds in EB-5 petitions and offers little guidance for applicants whose funds originated in cryptocurrency, Dilendorf’s confirming evidence was a significant achievement.

The Dilendorf Law Firm, NYC’s top law firm for the digital age, represented several clients in EB-5 matters with the USCIS concerning the clients’ EB-5 investments funded with cryptocurrencies. By submitting blockchain and cryptocurrency expert reports in these cases, the firm has provided evidence to support the legitimate “source of funds”.

The firm’s clients were software engineers and early cryptocurrency adopters who, in the opinion of the crypto compliance law firm, are legally qualified for obtaining EB-5 investor green-cards, as there was little doubt on the legality of the source of the clients’ cryptocurrency funds.

Dilendorf’s legal opinions and blockchain forensic reports, as submitted to the USCIS, included an expert assessment of the following:

  • legality of the specific digital assets and regulatory framework for the involved financial institutions dealing with cryptocurrencies;
  • origin and flow of cryptocurrencies funding the EB-5 investments;
  • mechanism and sufficiency of digital wallets, private cryptographic keys, crypto trading platforms and accounts establishing ownership of the clients’ cryptocurrency funds;
  • KYC/AML compliance measures taken at each point of the funds’ journey by clients and third parties, including crypto exchanges and OTC traders.

Max Dilendorf, Esq. is also a top forensic Bitcoin and crypto expert witness. His expertise has also made him one of the top cryptocurrency consultants for Fortune 500 companies.  Mr. Dilendorf’s recent speaking engagements have included the Thailand SEC, IBM, Berkshire Hathaway, and New York University, to name a few.

The9 Appointed Cai ZhiFang as the CEO of NBTC Limited to Lead the Development of Blockchain and Cryptocurrency Business 4570

The9 Limited (Nasdaq: NCTY) (“The9”), an established Internet company, today announced the appointment of Cai Zhifang as the Chief Executive Officer of NBTC Limited (hereinafter referred to as “NBTC”), a wholly-owned subsidiary of The9, to lead the development of blockchain and cryptocurrency business in NBTC. Mr. Cai has been on board.

Mr. Cai is an early pioneer in the blockchain industry. In 2013, Mr. Cai co-founded YiBit Digital Technology Company Limited, one of the earliest integrated platforms in blockchain industry in China. In 2015, Mr. Cai served as the general manager of WeiTui Technology Limited Company, which self-operated Bitcoin mining by the purchase of AvalonMiners from Canaan. The peak hash rate managed by Mr. Cai at that time accounted for nearly 4% of the global hash rate of Bitcoin. Afterwards Mr. Cai established a strategic partnership with Canaan, responsible for assisting its customers in establishing, operating and maintaining AvalonMiners. At that time Mr. Cai managed and operated more than 300,000 AvalonMiners, with an accumulative hash rate exceeding 5,000 PH/S, accounted for nearly 5% of the global hash rate of Bitcoin at that time.

After joining the NBTC team, Mr. Cai will be responsible for leading the expansion of NBTC blockchain and cryptocurrency business, making full use of his industry experience and resources to formulate and execute NBTC’s business strategy, and to implement the cooperation between NBTC and worldwide cryptocurrency ecosystem partners with the goal to accelerate the establishment of The9’s global leadership in the cryptocurrency industry.

In January this year, The9 announced the establishment of the wholly-owned subsidiary NBTC to engage in blockchain and cryptocurrency related businesses. Immediately within two months, Bitcoin and Filecoin mining machines had been acquired as the first step to build The9’s cryptocurrencies mining business.

About The9 Limited

The9 Limited (The9) is an Internet company based in China listed on Nasdaq in 2004. The9 aims to become a diversified high-tech Internet company.

Online Blockchain plc: Umbria DeFi Platform Announces First Airdrop of its UMBR Token 4947

Decentralised Finance (DeFi) protocol Umbria is airdropping 100,000 of its governance utility tokens to its users. Umbria, an opensource project on a mission to demystify and simplify DeFi and get people earning income on their crypto, will be rewarding eligible crypto enthusiasts with its tokens. Holders of UMBR tokens – available on Uniswap – or UMBR-ETH Liquidity Pool tokens (tokens issued for adding liquidity to the UMBR-ETH pool on decentralized cryptocurrency exchange Uniswap) on March 1st, 2021 will be able to participate in the airdrop. They will need to have a Metamask wallet.

UMBR and UMBR-ETH LP holders (minimum 100 UMBR or 2 UMBR-ETH LP) simply have to visit airdrop.umbria.network and press the “Claim Airdrop” button to get their share of the airdrop. The tokens will then be distributed directly into their Metamask wallets on April 2nd, 2021. The airdrop will be on chain facilitated by Ethereum Smart Contracts.

Users of the Umbria platform will soon be able to swap tokens and earn interest on their cryptocurrency positions on the Umbria website with other facilities coming online which will utilise the Umbria protocol and its utility token. UMBR tokens will give holders the ability to shape the future of the Umbria ecosystem itself.

“The Umbria project is a collective effort, which is already gaining good traction and seeing a lot of interest,” said Oscar Chambers, Co-Lead Developer at Umbria. “This first airdrop is a great way to reward existing participants and encourage more early adoption of Umbria, which will hopefully be a steppingstone to unlocking the mass adoption of DeFi.”

Margex Launches Globally and Announces $1,000,000 Bonus Giveaway Campaign Making Cryptocurrency Derivatives Trading More Accessible 6259

Margex announces its global launch. Along with the launch, every new client will be able to try Margex for free, with an included $100 bonus to settle trading commissions and funding fees on the platform. During the promotional campaign, Margex plans to distribute up to $1,000,000 in bonuses for a total of 10,000 users.

  • 100X scalable leverage for all of its trading pairs such as BTC, ETH, XRP, EOS, LTC, and YFI;
  • Combined liquidity of multiple liquidity aggregators, allowing for the best possible entry and exit prices;
  • AI-based Price Manipulation Protection systems, monitoring for irregularities across all trading pairs and mitigating the risk of accidental liquidations and short-squeezes;
  • Bank-grade security;
  • Scale-on-demand infrastructure, capable of handling up to 100,000 transactions per second;
  • High-Class User Interface.

Margex’s goal is to provide traders with a world-class user experience, a fair, secure, and easy-to-use trading platform with the highest class of financial technologies in the world. The platform has received a lot of positive feedback from various trading communities for the deep liquidity achieved through the combination of multiple liquidity providers, extremely fast order execution speeds, and an MP-Shield system that uses artificial intelligence to automatically detect irregularities in the trade feed submitted by liquidity pools, eliminating the risk of accidental liquidations.

ZK International Subsidiary, xSigma Corporation, Announces Dwight Howard from the Philadelphia 76ers to Join its DeFi Protocol as an Early LP 6502

ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZKIN”, “ZK International” or the “Company”), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, is pleased to announce that xSigma Corporation, a subsidiary of the Company, that is a blockchain R&D lab, is pleased to announce that Dwight Howard, a professional basketball player and NBA champion with the Los Angeles Lakers, has committed to joining the xSigma DeFi Protocol as an early liquidity provider (LP).

Mr. Howard committed to providing cryptocurrency for xSigma’s DeFi Protocol upon its launch. In addition, Mr. Howard has partnered with xSigma to advertise the project. Thus, it makes xSigma Protocol the first project of its kind to get a global sports influencer to the list of LPs. By doing this partnership, xSigma expects to bring more LPs and customers for its project.

xSigma Corporation is a blockchain R&D lab owned by ZK International Group Co., Ltd. xSigma’s team includes former Facebook, Google, Ripple, and Amazon engineers. xSigma’s DeFi Protocol is one of the first projects in the DeFi space backed by a public company. The DeFi industry keeps growing and now has over $36 billion of funds locked in the major DeFi protocols, according to defipulse.com.

Mr. Jiancong Huang, Chairman and Chief Executive Officer of ZK International, stated, “We are honored that Dwight Howard decided to participate in our decentralized finance platform. This is a huge step in mass-adoption of blockchain products. xSigma looks forward to bringing more opinion leaders onboard.”