- 1 To 13,000 atms in South Korea will be able to use Litecoin withdrawals and remittances
- 2 The Fed has seen to cut rates in the midst of the threat of the virus, low inflation
- 3 The exchanges of cryptocurrencies OKEx and Bitfinex are suffering from multiple attacks
- 4 Chen Weigang: the trade of digital currencies must be repressed
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To 13,000 atms in South Korea will be able to use Litecoin withdrawals and remittances
The Foundation Litecoin announced a partnership with MeconCash to launch Litecoin (LTC) to withdrawals and remittances earned in 13,000 atms in South Korea. The partnership will see LTC integrated in the platform of payment M. Pay of MeconCash. Litecoin will also be accepted as payment on the retail platform MeconCash, MeconMall, and to pay for games that accept rewards from M. Pay. According to CryptoCompare, the trade of 24 hours between Litecoin and won produced nearly $ 4.3 billion in trade, which represent 0,82% of the total trade at the time of publication. Charlie Lee, the managing director of the Foundation, Litecoin, described the partnership as “a great step towards the expansion of the footprint of Litecoin in the south Korean market”. In 2018, South Korea produced a record volume of remittances with $ 6.25 billion of the value of the transfers.
The Fed has seen to cut rates in the midst of the threat of the virus, low inflation
Traders believe that the Federal Reserve of the united States will reduce its target interest rate to compete with Bitcoin (BTC) after the half. As Reuters reported on 28 February, the merchants of Wall Street already believe that the probability that the rates of trimming the Fed to boost the economy on the coronavirus is greater than 75%. For September, the cuts could amount to 0.75%, what would be the interest rate in the short term to below 1% for the first time in three years. The Fed doesn’t seemed shocked by the coronavirus, which is now spreading more rapidly out of your epicenter of China than within it. “I think that it would be premature until we have more data and we have an idea of what the prognosis is to think about the action of monetary policy,” he said on Thursday, Charles Evans, president of the Fed of Chicago. “But we are monitoring very closely and if we see something that requires adjustment, I am sure that we will have in account all the consideration it needs.” Earlier, the president of the united States, Donald Trump, described the threat of the coronavirus to the country was still “very low.
The exchanges of cryptocurrencies OKEx and Bitfinex are suffering from multiple attacks
The exchanges of cryptocurrencies OKEx and Bitfinex are to suffer from multiple denial of service attacks. Until the moment it is not clear if the attacks are connected, although the CEO of OKEx blamed the competitors in your personal page of Weibo. OKEx suffered for the first time, a denial of service attack (DDoS) on the 27th of February at approximately 11:30 AM EST. The CEO Jay Hao published in your personal page of Weibo, while developing the attack, blaming the competitors not identified in the attack. The attack enrutó up to 200 gigabytes per second of traffic, which put pressure on the systems OKEx. At approximately 4:30.m.EST February 28, resumed denial of service attacks. This time, Bitfinex will also be affected, as announced on the Twitter account of the bag. The status page of Bitfinex shows that the attack lasted an hour until 5:30.m., cripple severely the activity of the exchange during that period as the performance fell close to zero.
Chen Weigang: the trade of digital currencies must be repressed
Chen Weigang, former vice president of the Insurance Regulatory Commission of China’s Communist Party, met with the media on blockchain of Yiben the 27 of February to talk about the regulations of the ICO and the trade of digital currencies in China. Told the media that a digital currency of the central bank (CBDC) is a strategic plan important for the chinese RMB to gain advantage in the international economic development. During the interview, they asked Chen to comment on the current schemes of IC Ponzi in China. Chen believed that the ICO and the trade of cryptocurrencies should be banned completely in the future. He added that: “I Always believe that the speculation in the criptomoneda and the ICO is not the direction of financial development, and must be resolutely”. Although Chen thought that the speculation cryptocurrencies was illegal, he pointed out that the trade of digital assets was a different story. He said that the digital assets were tradable with coins trust. He commented that: “In the case of transactions in digital currency, I think that the oversight of several departments in the country will be increasingly strict, without leaving a market for transactions. For example, the banks and institutions pay formal will be prohibited to provide channels for transactions in digital currency. Private agreements may continue, but will not be the mainstream.” The following two tabs change content below. Venezuelan, student of the last semester of Social Communication. Attracted by the new technologies and the development that they offer to humanity.