As the last week of February kicks into gear, several events may be worth watching. Here’s what’s coming up:
Litepay will debut in 41 countries today, giving consumers and businesses the ability to use Litecoin (LTC) for various transactions, Inverse Innovation reports. This may be giving a boost to Litecoin’s recent jump in value, along with its reported hard fork that spawned Litecoin Cash on Feb. 18. (Editor’s Note: Litecoin grounded LitePay’s launch Monday, after this roundup initially posted, citing problems with card issuers according to its blog post on Reddit.)
Other upcoming events include Blockchain in Healthcare West Conference, scheduled for Feb. 27 in San Francisco. The conference aims to inform healthcare professionals about blockchain technology such as cryptocurrency, public ledgers, distributed databases, smart contracts and other areas that are poised to transform their industry.
And in Belarus, Smile-Expo will hold its first large blockchain and bitcoin conference on Feb. 27. The conference will cover how to launch a successful ICO, develop a blockchain-based business and examine pending legislation for this virtual currency economy.
Last Week’s Events
Venezuela launched its own token, el petro, while other countries like Turkey reportedly are eyeing a similar move. In a 22-page report, Turkey outlined various policy recommendations to prepare for developing that country’s own cryptocurrency.
Bitcoin (BTC), which dropped about 8% during the week to end at $9,570.14 on Sunday, received some love from Julian Hosp, a cryptocurrencies author and president of TenX. Hosp, in his CNBC report, predicted Bitcoin’s dominance in the cryptocurrency market and its large user base will help push the virtual currency up by 150%. He also cited the emergence of more second-layer networks to handle cryptocurrency transactions as another driver of Bitcoin’s value.
South Korea’s financial regulator announced the government will allow “normal transactions” of cryptocurrency, reversing an earlier stance on the virtual currency. On Jan. 30, South Korea debuted a cryptocurrency trading system that required users to submit their real names to conduct transactions, a move that the country designed to reduce money laundering and other crimes.