Business

Crypto News From Asia: Sept. 9–15

[ad_1] In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, government and industry officials secured important appointments, while new data shows the popularity of cryptocurrencies and their favored uses in Japan and China. Expert: Bitcoin is most commonly used for remittances in ChinaOn Sept. 11, Cointelegraph Japan reported that Sunny Wang, Japan's representative of Chinese cryptocurrency fund Longmen Capital, said that the most common application of Bitcoin (BTC) in
BLOCKCHAIN

Crypto News From the German-Speaking World: Sept. 9–15 in Review

[ad_1] The German-speaking world continues to see lots of developments in the crypto industry, as a Liechtenstein-based exchange is tokenizing a $25 million movie fund with actor Wesley Snipes, Austrian textile manufacturers use blockchain to go green and a Swiss crypto finance company expands its business into Asia. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch.A Liechtenstein exchange is tokenizing
BLOCKCHAIN

Philippine Police Raid Alleged Cryptocurrency Scam, Arrest 277

[ad_1] Philippine police have reportedly raided the offices of an alleged cryptocurrency scam that was targeting investors in China.According to a Sept. 15 report by local news outlet Inquirer.net, agents from the Bureau of Immigration, the Presidential Anti-Corruption Commission and the National Police’s Integrity Monitoring and Enforcement Group raided the offices of Grapefruit Services Inc. in Pasig City on Sept. 11. Authorities reportedly received a tip from the Chinese Embassy, which
EXCHANGES

At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows

[ad_1] In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession. Also Read: Money and Democracy: Why You Never Get to Vote on the Most Important Part of Society A Large
BLOCKCHAIN

Germany’s Largest Bank Joins JPMorgan’s Blockchain Network

[ad_1] Germany’s largest bank, Deutsche Bank, has joined JPMorgan’s blockchain-based network, the Interbank Information Network (IIN).Two years in operationLaunched as a pilot in 2017, the JPMorgan-led blockchain initiative now has a network of 320 banks that have entered the platform to swap global payments data using the Ethereum network, the Financial Times reported on Sept. 15.Takis Georgakopoulos, head of payments at JPMorgan, expressed hope that Deutsche Bank will be the
BLOCKCHAIN

Crypto News From Brazil: Sept. 9–15 in Review

[ad_1] Brazil has seen another tumultuous week in the cryptocurrency industry. Several courts are going after crypto companies accused of being pyramid schemes, the country’s Securities and Exchange Commission (CVM) stated that crypto exchanges need authorization from local authorities, while a former Brazilan soccer star has become an ambassador for a newly launched cryptocurrency. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph
ALTCOIN

XRP Fork Unlikely to Succeed, Ripple Continues to Face Angry Investors

[ad_1] The threat of an XRP fork is looming over Ripple, the San Francisco-headquartered startup behind the third-largest asset on the cryptocurrency market. Twitter user @Crypto_Bitlord, who has over 100,000 followers and claims to own XRP, is rallying XRP investors disappointed with the token’s performance to split from the original ledger due to Ripple’s alleged XRP dumping. The plan follows a moderately popular Change.org petition submitted by the same Twitter persona
BLOCKCHAIN

Libra Confident, France Angry, Domino’s BTC Prize: Hodler’s Digest, Sept. 9–15

[ad_1] Top Stories This WeekFacebook’s crypto launching in H2 2020, says Libra Association chiefThe head of the not-for-profit driving Facebook’s Libra digital currency has said he is confident that seemingly endless regulatory difficulties can be ironed out — paving the way for the token to launch in the second half of 2020. Bertrand Perez’s comments came on Thursday — the same day French Finance Minister Bruno Le Maire warned “we
Business

Central Banks to Meet With Libra Founders in Switzerland on Monday

[ad_1] Officials from the European Central Bank (ECB) and 25 global central banks will meet with Libra to assess the financial stability risks of the project.Central bank forum to challenge LibraOn Sept. 16, Libra representatives will meet with the Committee on Payments and Market Infrastructure (CPMI), a part of the Bank of International Settlements (BIS), in Switzerland, the Financial Times reports on Sept. 14.The CPMI, a BIS international standard setter
BLOCKCHAIN

Nigeria and Kenya, Part One

[ad_1] Blockchain adoption in Africa is on the rise. From transportation to the gaming and lottery industries, reports of companies utilizing decentralized ledger technology (DLT) across the continent are emerging. Several stakeholders in the African blockchain scene say DLT is the key to solving the developmental issues plaguing the continent as a whole. They also believe the technology provides a platform for Africa to elevate itself to a position of