Category: Germany

ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’

ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and of growth rather than the protection of savers?” Regarding former […]

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Germany’s Financial Crisis Invokes 5-Year Rent Freeze

Germany's Financial Crisis Invokes 5-Year Rent FreezeAll eyes are on the German economy which was once perceived as stable and strong. However, the financial state of affairs has been tumultuous and Berlin’s state cabinet recently agreed to a five-year rent freeze to help curb the rising housing costs in the country. Moreover, Bundesbank just published a monthly report that explains how […]

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How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise

How Fiat Money Fails: An Overview of Government's Paper-Thin PromiseFiat money has a surprisingly short lifespan. The almighty U.S. dollar currently serving as world reserve currency is not exempted, in spite of all proclamation that it cannot fail. Throughout history, fiat money has failed over and over again, where sound assets like gold have survived. Ruling out acts of god and unforeseen circumstance, the […]

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Major German Coop Bank Passes Negative Interest Rates to Customers

Major German Coop Bank Passes Negative Interest Rates to CustomersOne of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about passing on negative rates.” Also read: Massive […]

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Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide

Massive Layoffs: Banks Cutting Nearly 60,000 Jobs WorldwideBanks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000 Almost 60,000 Job […]

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Major German Stock Exchange Group Launches Crypto Trading

Major German Stock Exchange Group Launches Crypto TradingBoerse Stuttgart Group, which operates Germany’s second-largest stock exchange, has launched a regulated crypto trading platform, in partnership with Solarisbank. Customers can connect directly to the new exchange and trade bitcoin against the euro without a broker. Also read: Indian Parliament Member Helping Crypto Community Influence Regulation German Regulated Crypto Trading Platform The group which […]

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European Countries Step Up Response to Facebook’s Libra

European Countries Step Up Their Responses to Facebook’s LibraThe European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. As Facebook engages Switzerland’s financial regulator, the ECB clarifies how Libra can be regulated under EU laws. Also read: India’s Popular ‘Who […]

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Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will

Catering to Crypto Clients, Small Banks Embrace an Opportunity Big Players Are Missing Out OnCryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant to get their feet wet. Smaller banks, however, are more willing to occupy this […]

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Initiative to Curtail Negative Interest Rates Gains Traction in Germany

Ban on Negative Rates Initiative Gains Traction in GermanyNegative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden on to their customers. Some political factions in Germany, however, aren’t happy with the trend and are pushing for adequate protection for the ordinary small saver, […]

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Smokescreens and Mirrors: How Does a Country Do an ICO? They Call It QE

Smokescreens and Mirrors: How Does a Country Do an ICO? They Call It QEFinancial regulators all around the world have been cracking down hard on ICOs for promising more than they can deliver. At the same time governments and central banks are pulling off far worse scams, such as QE, wiping out the savings of everyone that depends on them. To hide this fact they use obscure economic […]

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EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

EU Members Adopt Tougher Crypto Rules Than AML Directive RequiresEurope is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive (AMLD5) […]

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Market Outlook: Bitcoin Cash Spikes While Economic Fears Spread Worldwide

Market Outlook: Bitcoin Cash Prices Spike While Economic Fears Spread WorldwideOn Tuesday, August 13, most digital currency prices have dropped in value between 2-5% while crypto trade volumes globally have fallen to $46 billion in the last 48 hours. Despite the downturns across the board, bitcoin cash (BCH) is holding steady, up 2% today and now commanding the fourth largest market valuation. Also read: Twitter […]

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Owning Fiat Just Got More Expensive – NIRP Strikes Again

Owning Fiat Just Got More Expensive - NIRP Strikes AgainWith the recent Union Bank of Switzerland (UBS) announcement that even more customers will be charged to hold money in their banks, people are scrambling to find ways to preserve their wealth, while USB and others scramble to dam the losses resulting from national negative interest rate policy (NIRP). The relatively recent experiments with NIRP […]

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More Signs the Next Big Financial Crisis May Begin in Germany

More Signs the Next Big Crisis May Begin in GermanyGermany, the locomotive of Europe’s huge economy, is entering a difficult period, various indicators suggest. And when the Federal Republic sneezes, the Old Continent usually catches cold. This time, Germany may infect the rest of the world as well. An economic and financial crisis there would be a seismic event of global proportions. The main […]

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Large Regulated Token Sales Indicate ICOs May Be Coming Back

Large Regulated Token Sales Indicate ICOs May Be Coming BackInitial coin offerings have seen a significant decline in popularity, but they are not to be written off completely. Although you don’t hear the term “ICO” so often nowadays, some recent regulatory developments indicate they have a place in the digital economy realm. Crowdfunding through token sales has a chance of becoming a mainstream instrument […]

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G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra

G7 Agrees on Crypto Action Plan Spurred by Facebook's LibraG7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their […]

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Coinbase Launches Crypto Debit Card in 6 European Countries

Coinbase Launches Its Crypto Debit Card in Six European CountriesCoinbase Card is being made available in six new countries across Europe. The service enables users to spend their digital funds in-store and online, supporting all crypto assets available to trade on the Coinbase platform such as bitcoin cash. Also Read: How to Buy a Cryptocurrency Hardware Wallet With Bitcoin Cash Coinbase Card Expands Across […]

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Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs

Crypto Spring Brings Promising Profits for Next-Generation and Older Mining RigsOver the last few weeks, cryptocurrency markets have been on a tear accumulating considerable gains following the notorious ‘crypto winter.’ Since the recent price hike this spring, mining digital assets with next-generation miners has allowed participants to secure significant gains and even older mining devices are turning a profit. Also read: Bitcoin Cash Protocol Successfully […]

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How the EU and 5 European Nations Regulate Cryptocurrency

How the EU and 5 European Nations Regulate CryptocurrencyLeading up to the G20 summit in June, the Financial Stability Board has detailed how the European Union and its member countries are regulating crypto assets, who the regulators are in each country and the scope of their oversight. In most cases, crypto assets are overseen by several regulators. Also read: Indian Supreme Court Postpones […]

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German Derivatives Exchange Rumored to Be Launching Crypto Futures

German Derivatives Exchange Rumored to be Launching Crypto FuturesEurex, a derivatives exchange that is operated by German exchange organization Deutsche Börse, has announced its intention to launch several crypto futures contracts. The company is reportedly planning to introduce contracts for BTC, ETH, and XRP. Also Read: US ETF Ruling to Inform South Korean Cryptocurrency Market Eurex Expected to Launch Crypto Futures Contracts Deutsche […]

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‘Bitcoin Killer’ Onecoin Is Ashes But Investigations Continue to This Day

The So-Called 'Bitcoin Killer' Onecoin is Left in Ashes, But Investigations Still ContinueBack in 2014, a group led by a woman named Ruja Ignatova created a Ponzi scheme called Onecoin which, together with the organization Onelife, defrauded billions from 3 million people. At peak popularity, the group declared that Onecoin would be a “Bitcoin killer” but the pyramid scheme is now in ashes and many of its […]

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Bitwala Begins Offering Bank Accounts With Bitcoin Wallet and Debit Card

Bitwala Begins Providing Bank Accounts With Bitcoin Wallet and Debit CardCryptocurrency banking provider Bitwala has started offering its banking service to cryptocurrency users in Germany, starting with 40,000 pre-registered customers. A spokesperson for the company has shared details with news.Bitcoin.com about this new service which will soon add support for additional countries and cryptocurrencies. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive […]

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Deutsche Bank Headquarters Raided by 170 Police Officers Over Money Laundering

Deutsche Bank Headquarters Raided by 170 Police Officers Over Money LaunderingDeutsche Bank’s headquarters and five other offices have been raided by 170 police officers, prosecutors, and tax inspectors over money laundering allegations. The bank’s written and electronic business documents were reportedly seized. Its employees allegedly helped clients set up offshore companies to launder money. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive […]

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Bitcoin Group SE Buys Investment Bank Tremmel for Undisclosed Figure

Bitcoin Group SE Buys Investment Bank Tremmel for Undisclosed FigureBitcoin Group SE has bought 100 percent shares of investment bank Tremmel for an undisclosed amount. This is the German digital currency exchange operator’s second acquisition in 2018. Bitcoin Group, which holds current assets of $40 million, said Tremmel allows it to issue its own cryptocurrency-related products, conduct proprietary trading and operate bitcoin ATMs. Also […]

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