Bitcoin 

$250K Bitcoin Price Prediction Is Now ‘Conservative,’ Says Tim Draper

Major Bitcoin (BTC) bull Tim Draper now thinks that his own prediction that BTC price will hit $250,000 by 2022 may be understating the power of Bitcoin. BTC price to grow with adoption In an interview with crypto news network Blocktv on Sept. 13, the famous American venture capital investor has once again expressed his bullish stance to Bitcoin, forecasting the soon-to-come mass global adoption that will push the price of Bitcoin higher and higher. Draper stated in the interview: “$250,000 means that Bitcoin would then have about a 5%…

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Ethereum 

Galatasaray Is the Latest Big-Name Football Club to Launch a Fan Token

Turkish Football Club Galatasaray Spor Kulübü plans to launch fan Ethereum-based fan tokens in partnership with blockchain sports fan startup Socios based on sports tokenization platform Chiliz. Socios announces in a press release published on Sept. 16 that as a result of the partnership, The Lions (Aslanlar) — the only Turkish club to have won a major UEFA competition — will release its fan tokens on its platform. A blockchain sports platform Furthermore, the team will also be present on the firm’s blockchain-based, influence and rewards mobile app for football…

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Bitcoin 

Bitcoin Is a Hedge Against Gov’t ‘Fiscal Irresponsibility’ — Analyst

Equities portfolio manager turned crypto fund executive Travis Kling has argued that Bitcoin (BTC) has come into its own as a unique hedge within the current macroeconomic climate. In an interview with CNN on Sept. 15, Kling argued that the specific properties of Bitcoin make it an exceptional insurance policy against monetary and fiscal irresponsibility from central banks and governments globally. “Crypto has been created for such a time as this” Kling — a veteran of the multi-billion-dollar hedge fund Point72 —  outlined how his interest in cryptocurrencies had evolved…

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Bitcoin 

Bitcoin Futures Platform ‘SAFU’ After Attack False Alarm

The CEO of cryptocurrency exchange Binance has dispelled fears a bad actor had attacked its newly-launched Bitcoin futures platform. Technical error crashed Bitcoin price In a series of tweets on Sept. 16, Changpeng Zhao, also known as CZ, initially warned that the exchange’s futures were under attack from one of its own market makers.  The perpetrator allegedly crashed the BTC/USD order book from $10,324 to $10,024, in what Zhao said was the second such attempt at an attack.  Binance launched its futures platform in invite-only mode following a user testing period…

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Blockchain 

Queensland’s Real Estate Institute to Launch Blockchain Tenancy Platform

The Real Estate Institute of Queensland (REIQ) teamed up with local tech startup Igloo to launch a blockchain-based tenancy agreement platform by the end of 2019. As news outlet ZDNet reported on Sept. 15, REIQ general manager Josh Callaghan stated that the new platform will use smart contracts to create “a simple and secure transaction for each tenancy agreement to leverage the benefits of the technology as an irrefutable source of truth,” adding: “All parties will have visibility over the contract at any time from the palm of their hand.…

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Bitcoin 

Crypto News From Asia: Sept. 9–15

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 easier and cheaper to conduct remittances with Bitcoin, adding that…

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Blockchain 

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…

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Blockchain 

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…

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Blockchain 

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…

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Blockchain 

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…

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