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NordikCoin Expanding To Asian Markets

Leading Estonian high-tech cryptocurrency exchange service, NordikCoin, is announcing that it will start accepting customers from Asian markets. The company will first begin accepting customers in selected jurisdictions, while further expansion is expected to continue in 2021. Whilst expanding its global reach, the company itself and its day-to-day operations will continue to be domiciled in global cryptocurrency haven Tallinn, Estonia.

Bitcoin on the rise

Bitcoin has been in the limelight for over a decade now, rapidly expanding its scope of applications, and continuously rising in value. On January 8th 2021, Bitcoin hit a new milestone by surpassing $42,000 in value, proving that its popularity is steadily increasing.

To support the rise in demand, Estonian cryptocurrency exchange NordikCoin will apply its European KYC and AML rules to customers from new Asian jurisdictions, with the main focus on security and compliance. NordikCoin’s AML/KYC policy stands for Anti-Money Laundering and Know Your Customer and was designed to prevent and mitigate possible risks of money laundering and terrorism financing.

NordikCoin aims to be one of the fastest and most hassle-free ways of buying Bitcoin. The exchange supports all major credit cards, whilst crypto wallets are provided free of charge to its customers. Due to the innovative use of electronic ID solutions, users from supported jurisdictions can set up their accounts in under five minutes – after which they can start trading Bitcoin immediately. The company is known for bringing innovation into the cryptocurrency space, being one of the first Bitcoin exchanges with Lightning Network protocol support. 

Inevitably, one of NordikCoin’s main priorities has been to follow all the latest cybersecurity standards and best practices, ensuring that the cryptocurrency exchange environment is safe and reliable for all users across the globe. This is, in part, due to the fact that the team behind NordikCoin is comprised of experienced lawyers, auditors and technologists from around the world.

Japan next for rapid expansion

One jurisdiction which is being considered for NordikCoin’s Asian expansion is Japan. The country has witnessed a notable surge in Bitcoin holdings by 11%, suggesting that it’s the perfect launchpad. Several crypto exchanges are already present and thriving in the Japanese market, regardless of current COVID-19 restrictions and difficulties. Key exchanges include Okcoin, Bitflyer, Bitbank and Btcbox, among others.

David De Marco, CEO of Omni Matrix Ltd, the parent company of NordikCoin.com, shares his excitement for the Asian expansion plans:

– Our expansion into the Asian market marks a unique opportunity for the company to present its innovative cryptocurrency trading services globally. We are thrilled to announce that we will be expanding our customer onboarding processes to facilitate clients from Asian markets. We are confident that this is the perfect stepping stone for the new era of cryptocurrency exchange with NordikCoin leading the way.

Asia has been dominating the cryptocurrency market in the past couple of years, with financial giant SBI taking a lead. The company made a series of crypto moves recently including a planned 2022 launch of a digital exchange with Switzerland’s SIX, a partnership with Ripple and, most recently, the acquisition of U.K.-based cryptocurrency trading firm B2C2. Asia has been found to adopt blockchain technology much faster than many Western countries, incorporating innovations quickly and efficiently. NordikCoin’s expansion plans seem to be a great way for Europe and Asia to join forces and increase efforts of pushing Bitcoin and cryptocurrency into the limelight. 

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Blockchain News Cryptocurrency News

Major European Cryptocurrency Payments Processor Expands To U.S.

Mercuryo.io, via a partnership with Zero Hash, begins providing access to its cryptocurrency payment services for businesses and individuals in the United States.

Mercuryo offers seamless fiat-to-crypto payment gateway solutions to corporate and consumer clients. Since its launch, Mercuryo has been serving over 600,000 users and 180 crypto projects and prominent enterprises, becoming a leading digital asset payment gateway provider in Europe.

Mercuryo features two flagship solutions: a digital asset wallet and a widget service. While the wallet provides access to seamless crypto-to-fiat and fiat-to-crypto transactions, businesses can integrate the widget directly into their apps or websites. With just a few clicks customers can purchase digital assets in their local currencies via Visa and Mastercard cards. The widget also supports Apple Pay and Google Pay services, so clients can buy cryptocurrency this way too.

“We are excited about entering the US market. We are observing an interest from this region – 41% of payments on our platform are made in US dollars. Our vision is to build a financial infrastructure that provides customers worldwide with easy and fast access to cryptocurrencies,” says Petr Kozyakov, Mercuryo’s CBDO and co-founder.

Mercuryo’s partner firm is a registered Money Service Business under the oversight of FinCEN and a licensed Money Transmitter in over 40 US states, allowing the company to offer regulated payments solutions for all its customers across the country.

“We are pleased that Mercuryo is leveraging the Zero Hash compliance and technology infrastructure to service US customers. We empower innovators such as Mercuryo who are building Finance 2.0 by providing a turnkey and totally customizable solution for transactions in a regulated ecosystem,” Edward Woodford, Zero Hash’s CEO, stated.

To kickstart the expansion, Mercuryo closed a €2.5m seed funding led by the international venture capital fund Target Global.

The company’s ecosystem has achieved significant growth last year. Its turnover went up 50 times, reaching $75.5M in Q4 2020. The number of employees has also doubled.

Founded in 2018, Mercuryo.io is a global cross-border payments network that allows businesses to send and receive transactions for products and services using cryptocurrencies. The firm operates a leading digital asset payment gateway in Europe and has partnerships with over 150 market makers.

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Blockchain News Cryptocurrency News

Ibanera Partners With Fireblocks

Ibanera, a licensed global fintech company, today announced a partnership with Fireblocks, a leading enterprise-grade platform delivering a secure infrastructure for moving, storing and issuing digital assets.

The Ibanera platform provides account issuance, cross-border transfers, and currency exchange services to both corporate and retail customers. Ibanera customers will now be able to leverage the Fireblocks Network to safely transfer cryptocurrency funds in real-time. Fireblocks’ technology uses multiparty computation (MPC) and patent-pending chip isolation technology (SGX) to protect users’ private keys, deposit addresses and API keys.

The rising adoption of cryptocurrency has led to demand for trusted digital wallet infrastructures that offer efficiencies in payments and managing assets. Fireblocks provides secure rails for funds to be easily transitioned from cold storage or any other storage solution. The platform currently supports twelve blockchain protocols and over 300 tokens.

“We are thrilled to have Ibanera join the Fireblocks Network,” said Michael Shaulov, CEO of Fireblocks. “Providing support for Ibanera gives us the opportunity to extend our secure MPC wallet services to an innovative, licensed provider that services a multitude of industries globally.”

“Fireblocks is a global leader in digital asset security. Our partnership provides another layer of protection for customers using various cryptocurrencies for cross-border payments and balance transfers,” said Bjorn Snorrason, General Manager of Ibanera.

Ibanera is a global fintech firm regulated in the United States, Canada, Europe and Singapore. As an innovative financial services platform, Ibanera provides businesses and individuals a seamless, user-friendly banking experience in a modern digital and global environment.

Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing and issuing digital assets. Fireblocks enables exchanges, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through patent-pending SGX & MPC technology. They have secured the transfer of over $9 billion in digital assets and have a unique insurance policy that covers assets in storage & in transit. 

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Bitcoin News Blockchain News Cryptocurrency News

Cryptocurrency Survey Reveals Intriguing Facts

The research, which analyzed exclusive survey results and public databases, discovered that males are more aware of Bitcoin than females, and that 67% of Millennials favor Bitcoin over gold.

The data encompasses results from November 2019 to January 2021 – making it the most comprehensive cryptocurrency study to date. Moreover, our data hits on topics that resonate with consumers, academia, and the private industry. The results shed light on a new narrative that has not been covered – one that reveals rampant disparity.

This SimpleMoneyLyfe Study also analyzed several other factors related to cryptocurrency and the broader blockchain industry.

Here is a quick snapshot of what the industry-leading research reveals:

Cryptocurrency Criminal Activity: Just 0.34% of Crypto’s Transaction Volume was Used for Criminal Activity. This equates to roughly 10 billion dollars. 

Bitcoin Hoarders are Prevalent: 2% of Crypto Wallets Control 95% of all Bitcoin. This includes numerous governments, financial institutions, and early Bitcoin investors/miners. 

Male vs Female Bitcoin Awareness: According to another survey, 78% of male survey respondents reported being aware of Bitcoin, while only 71% of females were aware of this particular digital asset (18+ or Older).

The Top 100 Richest Wallet Addresses Hold 13.56% of Bitcoin’s Total Supply: It’s common for whales to spread their ownership over several addresses, so it’s unclear the number of individuals who control the top 100 richest wallet addresses.

You can read the complete study results here: https://simplemoneylyfe.com/cryptocurrency-statistics

Simplemoneylyfe.com is a leading financial website that covers the blockchain, financial, and credit industries.

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Blockchain News Cryptocurrency News

Global Crypto Conference Available By Livestream January 27 – 29

Co-hosted by Delio, the Global Crypto Assets & Finance Conference 2021, where virtual asset companies from around the world gather to forecast the global virtual asset market in 2021, will be held online for 3 days from the 27th to the 29th.

The ‘Global Crypto Assets & Finance Conference 2021’ is a conference specializing in virtual asset finance in which global virtual asset finance companies such as Korea, the United States, China, Singapore, and the EU participate in the global virtual asset market. It is a place to share key information on the virtual asset financial ecosystem, as well as to discuss the future financial development direction of the virtual asset market to investors.

This conference is expected to hold a general discussion on virtual asset finance such as derivatives trading, Defi, custody, OTC, wallet, mining, traditional finance, investment, law and institution, and is divided into three sessions with in-depth.

The conference begins with congratulatory remarks from the Chairman Kwan-seok Yoon and Rep. Byung-Wook Kim, who initiated and passed the special money law, from the National Policy Committee.

At the session 1 presentation on the first day, Glenn Woo, CEO of APAC at Ledger, Ben Zhou, CEO of Bybit, Daehoon Han, Analyst at SK Securities, Kevin Huang, founder of Cabin VC, and Justin Kang, head of Delio Strategic Marketing, diagnose the trends and implications of the virtual asset industry under the theme of ‘The Current Status and Prospect of the Crypto Asset Financial Market in 2021’.

In the session 2, the topic is ‘Successful Crypto Asset Investment Plan’, starting with Annabelle Huang Vice President of Amber Group, Vice President of Chain-up Jade Chen, Hexlant CEO Jinwoo Ro, Huobi University Dr. Yu Jianing, former head of Huawei’s chief blockchain scientist Ken Huang, Hyun-woo Lee CEO of Xangle, and Seung-hwan Lee of Coinness, will present on the second day.

In the last session, the topic is “Institutions and Regulations Related to Virtual Real Estate”, Deputy Director Lee Hae-Boong of the Financial Supervisory Service will give a presentation on “Recent Regulations Related to Virtual assets.

Next, Samuel Yim from Kim&Chang talks ‘License requirements for virtual asset service providers in 2021’ and Eric Chan, attorney of ShookLin&Bok law firm talks ‘Regulation of cryptocurrency currency in Singapore’, In-Wook Kwon of IW Tax Office said ‘Tax of Investors and Virtual Asset Businesses’, Louise Shen, CEO of Wenergy,’Characteristics and Differences in the Markets of China, Korea and Indonesia’, Liyan Consulting Founder Gu Yan Xi announces ‘merging of the bank and the securities industry’.

This conference is hosted by Delio and the Korea Crypto Finance Association (KCFA) and will be conducted online in consideration of the Corona 19 prevention. Anyone who is interested in the cryptocurrency market, such as virtual asset investors, the general public, institutions, companies, financial investors can watch it through the official Delio YouTube channel without prior registration.

Justin Kang, Head of Strategic Marketing at Delio, said, “In 2021, the domestic virtual asset market is entering into full-scale institutionalization through the implementation of the Special Money Act. “This conference will share the current status of the virtual asset market and key financial issues with domestic and oversea virtual asset finance companies. It will be a meaningful place to present the message.”

In 2020, the Korea Virtual Real Estate Finance Association (KCFA) held a parliamentary seminar for the ‘enactment of a law specializing in virtual assets’ in cooperation with Democratic Party Rep. Kim Byeong-wook in to discuss the necessity of enacting a law specializing in virtual assets for the development of the blockchain industry. He has represented the voice of the industry.

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Blockchain News Cryptocurrency News

FinCen Extends Comment Period For Proposed New Crypto Wallet Rules

The Financial Crimes Enforcement Network (FinCEN) said Thursday it will reopen its proposed rulemaking period for an extra fifteen days for its crypto wallet reporting requirements, and another forty five days for a necessity on recordkeeping and counterparty reporting requirements.

First submitted Dec. 18, 2020, the proposals will require crypto exchanges to store name and address info for customers transferring more than $3,000 in cryptocurrency each day to private crypto wallets, and file currency transaction reports (CTRs) for customers transacting in more than $10,000 each day.

Critics of the rule said it will be technically out of the question for a few projects to comply because smart contracts and author decentralized tools don’t have name or perhaps address info to provide.

Maybe most important, the extension means Treasury Secretary Steven Mnuchin, who’s believed to be spearheading this effort, is going to be out of office by the time the comments period closes, perhaps allowing for FinCEN to better incorporate crypto industry feedback.

In the public notice, FinCEN wrote that the proposed CTR requirements “are essentially equivalent to the existing CTR reporting requirements that apply to transactions in currency,” and called the proposal “vital” to closing loopholes that terrorists or perhaps other malicious actors might use. This’s the part which is going to see a 15 day extension for comments.

FinCEN was less effusive about the recordkeeping and counterparty details, only writing, “FinCEN is actually providing a longer period in light of the relatively greater complexity of those elements of the proposed different issues and rule identified in comments received during the first comment period.”

This was the part that raised the most controversy from the blockchain industry , receiving more than 7,000 comments, with the vast majority of responders criticizing the pace or the rule by which it was being pushed through.

In a statement, the Chamber of Digital Commerce said if the proposed rule was implemented as is, “a series of unintended consequences that raise serious privacy concerns will have resulted from this rushed rulemaking process.”

The extension does not mean the rule won’t be implemented; it is still entirely possible that FinCEN is going to choose to run with the rule after the last version is actually published.

The clock for the comment period restarted when the document was posted in the Federal Register, the nation’s logbook, which was done yesterday, Friday, January 15.

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Blockchain News Cryptocurrency News

Pando Coin Launched On Bittrex

Pando Software Inc., whose Pando Browser ad blocking app has recorded more than 100,000 cumulative downloads on the Google Play Store within 3 weeks, has effectively launched their Pando Coin (PANDO) on the U.S. based exchange Bittrex and is currently available for purchase.

Pando Browser is actually a Web 3.0 browser which sports a large list of benefits when in contrast with existing browsers. Owners can simply make a decision to display or even block advertisements based on the preferences of theirs, all the while dealing with the information of theirs in a safer browsing environment. Sending and paying cash through the internet browser is made simple with the integrated Pando Browser wallet. Expansion into messengers and web browsers makes perfect sense strategically for the business to further recognize the perception of a “Transparent Internet.” The Pando Browser is strongly linked with a variety of business models and also has developed strong synergies in the area.

Pando Coin (PANDO) has also announced plans to grow the Pando ecosystem through advertising and technology growth cooperation based on numerous partnerships in Korea and abroad. Entering the U.S. industry through listing on the Bittrex global exchange was a big stepping stone to more development.

About Pando

The Pando Coin was engineered to make a groundbreaking new means of Rewards culture to the browsing environment. The world as we realize it’s always changing. Based on the present changes taking place in the fast shifting worldwide consumer and business engineering, we are aware that web culture is also changing. Blockchain technology is impacting the manner in which we have the web. PANDO coin is actually engineered to enable the subscribers of its to feel maximum financial benefits with transparency and the privacy protection level they deserve. Pando intends that the products of theirs like the internet browser and messenger will help support great change in the crypto community.

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Cryptocurrency News

The Ledger Wallet Database Hack

In the world of Cryptocurrency, the Ledger Wallet Database Hack is currently the most talked about. The news hit the web with a lot of headlines and images that scared many people into believing this was the next major financial scandal in America. But the truth is something totally different, this type of hack doesn’t involve Cryptocurrency itself. It’s all about password protection and keeping your information safe from unscrupulous people who want to use this for their own gain.

When the Ledger Wallet Database Hack first broke, many people were confused as to what exactly had happened and how it happened. But the real truth is that a group of hackers wanted to gain access to the database of some very important companies in order to find out information on where people were putting their money and what they were planning to do with it. They knew that some people wouldn’t be able to resist their dirty little tricks, so they made it even more difficult for them by hacking into people’s computer systems, taking personal information like passwords, usernames, and account numbers.

Thankfully, there were companies who took these hackers seriously enough to implement an effective system that protect against these types of attacks. These companies work by continuously monitoring the Ledger Wallet database to make sure that people are putting their information into the right places, and that no thieves are getting any information that they can steal. They also update the database on a regular basis to make sure that it stays secure and that people are still able to put their information into the program safely.