Crypto News From Asia: Sept. 9–15

From Cointelegraph Japan: This week’s selected cryptocurrency and blockchain news. 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 China On 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 China is for international remittances. Wang said it is…

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

From Cointelegraph auf Deutsch: This week’s selected cryptocurrency and blockchain news. 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 a $25 million movie fund Liechtenstein Cryptoassets Exchange…

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Report: Philippine Police Raid Alleged Cryptocurrency Scam, Arrest 277

Philippine authorities have reportedly raided an alleged cryptocurrency scam and arrested 277 people following a tip from the Chinese government. 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,…

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

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 Number of Central Banks Slash Interest Rates Economists have been saying for a while now that the global economy is headed…

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Central Banks to Meet With Libra Founders in Switzerland on Monday

The European Central Bank and 25 global central banks will meet with Libra to assess the purported financial stability risks of the project. 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 Libra On 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,…

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Germany’s Largest Bank Joins JPMorgan’s Blockchain Network

Germany’s largest bank, Deutsche Bank, has joined JPMorgan’s blockchain-based network, the Interbank Information Network. Germany’s largest bank, Deutsche Bank, has joined JPMorgan’s blockchain-based network, the Interbank Information Network (IIN). Two years in operation Launched 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 first of several other…

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

Cointelegraph Brasil presents a weekly digest of selected cryptocurrency- and blockchain-related news. 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 Brasil. Rio de Janeiro court orders Unick Forex…

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

The threat of an XRP fork is looming over Ripple, the San Francisco-based startup behind the third-largest asset on the crypto market… 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…

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

Libra’s launch is predicted for the second half of 2020, France wants to create a “EuroCoin” to rival Facebook, and Domino’s is giving away Bitcoin worth $110,000. Top Stories This Week Facebook’s crypto launching in H2 2020, says Libra Association chief The 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…

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Africa Using Blockchain to Drive Change: Nigeria and Kenya, Part One

Blockchain technology is finding real-world utility across Africa via public-private partnership agreements in solving some of the continent’s burning issues. 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 greater…

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