Waves Launched a Non-Profit Association Under German Law
The Waves Association was established in Frankfurt by representatives of the Waves community from six European countries Go to Source Powered by WPeMatico
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41 German Banks Now Charge Negative Interest Rates
The number of German banks charging negative interest rates has been rising rapidly. At least 41 banks now charge negative interest rates on deposits. According to reports, seven of them are imposing negative interest rates even for small deposit amounts. Also read: Survey: 58% of German Banks Charge Negative Interest Rates 41 Banks Charging Negative … Read more
Boerse Stuttgart’s Bison Trading App to Add Bitcoin Cash and Launch Desktop Version
Bison, the crypto trading application offered by Boerse Stuttgart, has seen a remarkable growth of users in the past 12 months, the group announced this week. Germany’s second-largest stock exchange is now planning to expand its features and offer traders in Europe another cryptocurrency option, bitcoin cash (BCH). Also read: Eastern Europe Sees More Fiat … Read more
Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring
A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related effects” such as compensation for sacked employees and devalued assets. Also read: US … Read more
Mercedes Will Use Blockchain to Track Carbon Emissions in Cobalt Supply Chain
A joint pilot by Mercedes Benz and Circulor will track carbon emissions in the cobalt supply chain Go to Source Powered by WPeMatico
Cambridge Analytica Whistleblower Eyes Blockchain to Solve Data-Privacy Crisis
Blockchain tech will solve lots of issues in the global data protection crisis, Cambridge Analytica whistleblower Brittany Kaiser believes Go to Source Powered by WPeMatico
Deutsche Bank: Cryptocurrencies Won’t Replace Cash ‘Anytime Soon’
Cash is unlikely to disappear anytime soon despite the decline of its use as a payment method and the surge of digital currencies, Germany’s largest bank believes Go to Source Powered by WPeMatico
Trump ‘Loves’ Negative Rates and ‘Could Get Used to’ Them, Criticizes Fed at World Economic Forum, China Trade Deal
U.S. President Donald Trump spoke at the World Economic Forum in Davos, Switzerland Tuesday saying the U.S. and other nations are “forced to compete … with nations that are getting negative rates, something very new.” Trump took direct shots at the U.S. Federal Reserve, claiming they’ve not lowered rates quickly enough. The harsh words echo … Read more
6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail
Former bank employees have received bonuses worth millions of euros in an illegal trading scheme that also involved a tax lawyer, prosecutors in Frankfurt revealed this week. The case is part of multiple investigations carried out across Germany, the hardest hit country in a notorious tax fraud scandal known as the Cum-ex Files. Also read: … Read more
EU Countries Commence Crypto Regulations as Mandated by New Directive
The European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws EU’s Regulatory Deadline: Jan. … Read more
