Siemens, a German industrial and technology behemoth, has issued a digital bond on a public blockchain. Making it one of the first firms in Germany to do so. In compliance with the German Electronic Securities Act, it has a value of 60 million euros ($64 million) and a maturity of
With the help of digital asset company Metaco, the 105-year-old German bank DekaBank plans to introduce a tokenization platform built on the blockchain. Digital asset custody executive at DekaBank Andreas Sack said the organization aims to deliver its blockchain platform in 2024. With the underlying infrastructure completed by 2023. Sack
Within a year, the pair processed 320M euros in payments from Onecoin users. Ignatova is now sought by Interpol, Europol, and the FBI. The first Europeans to face criminal prosecution for their involvement in the Onecoin crypto fraud are a married couple and a lawyer from Munich. Bloomberg said that
CEO Kristina Walcker-Mayer of the German firm announced the shutdown. The company first debuted in 2015 under the name Bitwala. As the CEO said, the trade will be possible on the platform until November 30th, 2022. Following a temporary insolvency filing by Nuri in August, the company has now made
There may be a bear market going on, but it hasn’t stopped businesses from entering the crypto sector. In reality, conventional financial institutions have begun dipping their toes into the crypto industry by providing products to meet the needs of market participants. On Thursday, European digital bank N26 said it
The raid happened in Frankfurt and comprised over 100 investigators. As of today’s inquiry, Deutsche is suspected of dividend stripping. On Tuesday, Deutsche Bank said that it is cooperating with authorities investigating a tax fraud case that dates back at least ten years. The biggest German bank is only one
It’s worth noting that inflation has been over 7% for the last seven months. The country in question had the biggest positive flows of crypto, totaling $2.9 million. Rising inflation has eroded the purchasing power of the average person throughout the globe, creating a cost-of-living issue. Inflation rates throughout the
Investors had to keep it for at least ten years before selling it out tax-free until now. The crypto market is recovering after the recent bloodbath. Because of the rising prominence of digital currencies like Bitcoin and Ethereum, the German Federal Ministry of Finance (BMF) has issued a letter that
Last year, Germany came in the fourth position in the world rankings. The United States is ranked third overall in domestic mining. According to Coincub, Germany is the most crypto-friendly nation globally, beating out countries like Singapore. For the first quarter of 2022, Coincub’s global crypto rankings placed Germany at
BitMEX turns a German Bank into a crypto powerhouse in Europe. The crypto exchange agreed to purchase Bankhaus von der Heydt of Germany. BitMEX plans to launch a crypto one-stop-shop in Germany, Austria and Switzerland. BitMEX is a cryptocurrency exchange and a P2P crypto-products trading platform. It stands unique in
