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

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 is tokenizing a $25 million movie fund together with Hollywood actor…

Philippine Police Raid Alleged Cryptocurrency Scam, Arrest 277

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 claimed that the firm had already defrauded thousands of investors in mainland China. Immigration Commissioner Jaime Morente said that…

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 (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 large banks to join IIN. According to the report, Deutsche Bank is the world’s…

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

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 to pay $28,500 to client A court in Rio de Janeiro has…

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

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 titled “Stop Ripple Dumping,” which has amassed more than 3,500 signatures over the last four weeks.  Crypto Bitlord’s comment to…

Want Bitcoin to Moon? You’d Better Start Buying Stocks – CCN.com

Want the Bitcoin price to surge to new highs? You’d better start buying stocks – or at least invest in an S&P 500 index fund. | Source: Scott Olson / Getty Images / AFP It seems like a lifetime ago that the Bitcoin price grazed the $20,000 mark in late 2017, and bulls have been pining for a new breakneck rally ever since. According to Fundstart Global Advisors co-founder Tom Lee, the catalyst for BTC’s march to a new all-time high could come from an unlikely place: the stock market.…

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

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 French Finance Minister Bruno Le Maire warned “we cannot authorize the development of Libra on European soil.” He fears that the stablecoin puts monetary sovereignty of European…

Central Banks to Meet With Libra Founders in Switzerland on Monday

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, a BIS international standard setter and a member of the Financial Stability Board, consists of 28 member banks, including the Bank of England,…

Nigeria and Kenya, Part One

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 relevance in global affairs. While the general attention of governments still appears minimal, some countries are reportedly taking steps to…

Top-5 Crypto Performers: ATOM, EOS, ETH, DASH, TRX

Facebook’s Libra continues to face opposition from lawmakers and central banks around the world. French Finance Minister Bruno Le Maire said that Europe should consider a European public digital currency to counter the Libra. German Christian Democratic Union parliamentarian Thomas Heilmann said that the grand coalition in Germany has agreed that it will not allow “market-relevant private stablecoins.”  However, Bertrand Perez, the director general of the Libra Association, stated that the company will satisfy all regulatory requirements and that Libra might launch in the second half of 2020. He said…