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Germany’s GDP Drop Ignites Fears of Economic Contagion

Germany’s economy shrinks, fuelling risks of a recession and fears of economic contagion throughout Europe. Unfortunately, central banks have limited resources to reduce the effects of broad-based economic decline. Failures of the ‘New Normal’ Over the last ten years, economic stagnation has prevai..

EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

Europe 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 state..

Market Outlook: Bitcoin Cash Spikes While Economic Fears Spread Worldwide

On 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 ..

Insurance Giant Allianz Is Working on a Token-Based Blockchain Ecosystem

News German financial services giant Allianz Global Corporate & Specialty SE (AGCS) is developing a blockchain-based ecosystem to facilitate cross-border insurance payments for its corporate customers. Experimentations with blockchain technologyAllianz is working on a token-based blockchain system..

Commerzbank Tests Blockchain Machine to Machine Payments with Daimler

News Frankfurt bank and financial services firm Commerzbank tested blockchain-based machine to machine payments with trucks produced by the firm behind the Mercedes-Benz auto brand, Daimler. Automated, human-free, paymentsAccording to a Commerzbank press release published on Aug. 8, the bank teste..

Owning Fiat Just Got More Expensive – NIRP Strikes Again

With 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..

More Signs the Next Big Financial Crisis May Begin in Germany

Germany, 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 a cold. This time, Germany may infect the rest of the world as well. Regulators in the country are busy drafting proh..

BitPay Suspends Services in Germany For The Time Being

Citizens of Germany will no longer be able to use BitPay after the payments processor pulled its service on the heels of new BaFin regulations set to go live on January 1, 2020. Nein BitPay On Thursday, cryptocurrency payments processor, BitPay updated a post detailing which countries the company o..

BitPay Says It Has ‘Paused’ Processing Bitcoin Payments in Germany

News Bitcoin (BTC) and Bitcoin Cash (BCH) payment processor BitPay confirmed that it suspended its operations in Germany in an email sent to Cointelegraph on Aug. 1. BitPay: “We have paused operations in Germany”In the aforementioned email, a BitPay PR rep. Jan Jahosky cited regulation coming into..

Sony Subsidiary Joins ~$14.5M Funding Round for Bitcoin Bank Bitwala

News Germany-based Bitcoin (BTC) bank Bitwala announced that it received €13 million (almost $14.5 million) in funding in a press release shared with Cointelegraph on July 31. Connecting Bitcoin and banksPer the release, an international investor consortium led by Sony Financial Ventures, Global B..

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