Day: February 28, 2020

13,000 ATMs in South Korea to Support Litecoin Withdrawal and Remittances

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On Feb. 28, the Litecoin Foundation announced a partnership with MeconCash to roll-out Litecoin (LTC) to Korean won withdrawals and remittances from 13,000 ATMs in South Korea. The partnership will see LTC integrated onto MeconCash’s M.Pay payments platform. Litecoin will also be accepted as payment on MeconCash’s retail platform MeconMall, and to pay for games that accept M.Pay rewards. According to CryptoCompare, 24-hour trade between Litcoin and won produced nearly $4.3 million in trade — comprising 0.82 percent of total trade at press time. Charlie Lee, the managing director of…

Bitcoin Fractal Indicates a Massive Price Crash to Below $3,000

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Bitcoin is at the risk of crashing below $3,000 as a historically accurate bearish indicator screams ‘sell’ for the first time since July 2019. Bitcoin eyeing deeper bearish correction after Death Cross formation | Source: CryptoHamster The benchmark cryptocurrency’s 50-weekly moving indicator slipped below its 20-weekly moving indicator on Thursday, leading to the formation of a Death Cross. Popular market analyst CryptoHamster noted that its formation last year prompted bitcoin to fall by 53 percent. In another instance from July 2015, traders had crashed the price by circa 67 percent.…

Dow Futures Nosedive 450 Points as Coronavirus Outbreak Shocks U.S. Markets

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The Dow Jones is set to open with a 450-point drop as coronavirus fears continue to grow. Historic levels of institutional sell-off led the pullback on February 27. The coronavirus outbreak is expected to peak in May and stock market remains vulnerable. The Dow Jones Industrial Average (DJIA) is set to open with a 450-point drop, after plummeting by more than 1,200 points on February 28. Fears of a local coronavirus epidemic in the U.S. has paralyzed the equities market. Coronavirus fears put Dow Jones in “correction territory” The World…

Japan’s Line Replaces Singapore Crypto Exchange With New US Platform

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Japanese messaging giant Line has shuttered its Singapore-based crypto exchange and relaunched it as a global, rebranded United States-based platform. On Feb. 27, the team of the exchange — which first launched as BitBox in Singapore back in 2018 — revealed that the new U.S. platform will take the new name BitFront. All changes to take immediate effect BitFront is operated by LVC USA, the U.S. subsidiary of LVC Corporation, Line’s digital asset- and blockchain-focused arm. As of today, users are automatically redirected from BitBox to the BitFront URL, where…

KLM Royal Dutch Airlines Uses R3’s Blockchain for Financial Processes

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As blockchain technology increasingly gains traction in the airline industry, another major international air company has announced a blockchain project. Flagship global airline KLM Royal Dutch Airlines is applying blockchain technology to facilitate intercompany settlements process with its subsidiaries. Part of one of the world’s biggest airlines, Air France-KLM, Royal Dutch Airlines has partnered with Dutch software startup Unchain.io in order to explore the potential benefits of blockchain technology for its business and internal processes. KLM’s Digital Studio was actively working on blockchain in recent years After close collaboration, Unchain…

Crypto Exchanges OKEx and Bitfinex Suffer Simultaneous DDoS Attacks

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Cryptocurrency exchanges OKEx and Bitfinex are suffering multiple denial of service attacks. It is unclear as of now if the attacks are connected, though OKEx CEO blamed competitors on his personal Weibo page. OKEx first suffered a distributed denial of service (DDoS) attack on Feb. 27 at approximately 11:30 AM EST. CEO Jay Hao posted on his personal Weibo page as the attack was unfolding, blaming unnamed competitors in the attack. The attack routed as much as 200 gigabytes per second of traffic, which put strain on OKEx systems. At…

Pokemon Remake Finally Hits Netflix and It’s a Terrible, Soulless CGI Mess

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Pokemon: Mewtwo Strikes Back – Evolution hit Netflix for Pokemon Day. The movie is a CGI remake of Pokemon: The First Movie. It manages to completely screw up everything the original did right. Pokemon: Mewtwo Strikes Back – Evolution is finally out on Netflix for all the world to see, and that’s a dang shame. There’s no beating around the bush, this is a horrible movie. This new take on Pokemon: The First Movie doesn’t have a reason to exist. There’s not a single scene or moment in this film…

Pokemon Remake Finally Hits Netflix and It’s a Terrible, Soulless CGI Mess

boss

Pokemon: Mewtwo Strikes Back – Evolution hit Netflix for Pokemon Day. The movie is a CGI remake of Pokemon: The First Movie. It manages to completely screw up everything the original did right. Pokemon: Mewtwo Strikes Back – Evolution is finally out on Netflix for all the world to see, and that’s a dang shame. There’s no beating around the bush, this is a horrible movie. This new take on Pokemon: The First Movie doesn’t have a reason to exist. There’s not a single scene or moment in this film…

The Importance of Passive Income in Today’s Economy and How Cryptocurrencies Can Help

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The current state of the economy has made it hard for people to rely on just the regular source of income to manage their finances. In order to have financial security it is very important to have supplemental income to take care of all the financial obligations and still maintain healthy savings. It may not be practical for everyone to work multiple jobs or make capital heavy investments that can earn a steady source of income in the near future. This is where cryptocurrencies come into the picture by providing…

World’s Largest Human Resources Firm Adopts Smart Contracts Platform

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Human resources firm Ranstad, which recently became global leader in the sector, has chosen to further automate its workflow using a smart contracts-focused blockchain. The firm’s 40,000 employees will be using an enterprise blockchain solution from New York-based Cypherium, which has struck partnerships with major cloud providers Google Cloud Wing, IBM Cloud, and Amazon Web Services. All of the paperwork-intensive processes involved in HR allocation, Randstad revealed on Feb. 28, will soon be automated using the platform in conjunction with Google Cloud. Automating verification  Cypherium has a hybrid design, combining…