Tag Archives: deutsche bank

According to the Binance report, the crypto market saw declines across the board in Q3, as fundraising and developer activities tanked. Binance has called the third quarter of 2023 “a challenging quarter” for crypto. In its Q3 “Market Pulse” report, Binance highlighted a few drawbacks the crypto industry faced, adding insights and shedding light on the general state of the industry. The report revealed declines in the industry across several points. For instance, Binance notes that the...

Rashawn Russell, a former investment banker and registered broker who worked for Deutsche Bank, has pleaded guilty to charges relating to investment fraud, after orchestrating a cryptocurrency scheme to swindle investors. The ex-Deutsche executive could face a maximum sentence of 30 years in prison for his crimes. Russell to Pay Restitution of Over $1.5 Million The United States Department of Justice (DOJ) announced Russell’s guilty plea in a press release on Sept. 19, 2023....

According to the DOJ, Russell defrauded at least 29 investors from the scheme of around $1.5 million. The United States Department of Justice (DOJ) has announced that Rashawn Russell, a former Deutsche Bank investment banker and registered broker, has confessed to participating in a fraudulent crypto scheme called the ‘R3 Crypto Fund’. According to the September 19 announcement, the 27-year-old financier pleaded guilty to the crime before Judge Sanket J. Bulsara at a federal court in...

Former Deutsche Bank investment banker Rashawn Russell intends to plead guilty to cryptocurrency fraud charges.  Russell initially contested the allegations against him; however, the case has now been forwarded to a magistrate judge for a change of plea hearing, signifying a shift in Russell’s legal strategy. Rashawn Russel Set to Plead Guilty to Crypto Fraud Charges Russell, a licensed broker aged 27, had previously denied involvement in deceptive crypto transactions....

German financial giant Deutsche Bank announced signing a global partnership agreement with Swiss startup Taurus to establish digital asset custody and tokenization services for its clients. According to the official announcement, Deutsche Bank, boasting a total assets exceeding $1.4 trillion, plans to tap Taurus’ custody and tokenization technology to manage cryptocurrencies, tokenized assets, and digital currencies. In a statement, Taurus co-founder Lamine Brahimi said the...

Frankfurter Bankenviertel Foto CC 3.0 by Epizentrum Frankfurt am Main, eine Stadt mit einer reichen Geschichte und einer beeindruckenden Skyline, hat sich im Laufe der Jahrhunderte zu einem der wichtigsten Finanzplätze Europas entwickelt. Doch wie wurde Frankfurt zu diesem bedeutenden Finanzzentrum? In diesem Artikel werfen wir einen Blick auf die Geschichte und die Faktoren, die Frankfurt zu dem gemacht haben, was es heute ist. Die Anfänge des...

CoinspeakerBarclays Faces Challenges in UK Division as Inflation and High-Interest Rates Affect Margins To counter the margin pressure, Barclays announced plans for a share buyback of up to £750 million. Barclays Faces Challenges in UK Division as Inflation and High-Interest Rates Affect Margins

CoinspeakerDeutsche Bank Exceeds Expectations, Sees 763 Million Euros in Net Profit in Q2 2023 The latest report marks Deutsche Bank's 12th straight quarterly profit since it implemented a restructuring plan back in 2019. Deutsche Bank Exceeds Expectations, Sees 763 Million Euros in Net Profit in Q2 2023

The largest bank in Germany in terms of total assets – Deutsche Bank – has reportedly sought regulatory permission to start operating as a crypto custodian. DZ Bank – another leading financial institution in the country – has already progressed in that field, partnering with Metaco and Harmonize to offer digital asset custody to institutional clients.  Recent Bloomberg coverage informed that Deutsche Bank (the biggest German bank with millions of customers and total assets...

Deutsche Bank’s application for regulatory approval is a positive step toward the development of a regulatory framework for digital asset custody services in Germany. Deutsche Bank AG (ETR: DBK), one of the leading financial institutions in the world, is seeking regulatory approval from Germany’s financial market regulator, BaFin, to operate a custody service for crypto assets, including cryptocurrencies. Interestingly, this move is a significant step towards the banks’ entry into the...