Tag Archives: germany

According to a study conducted by the digital asset exchange aggregator – Coincub – Germany is the most crypto-friendly country for Q1,2022. The previous leader – Singapore – holds the second position, while the USA took third place. Germany Emerges as a Crypto Hub Coincub noted that the ranking of the top digital asset-welcoming nations has changed over the past several months. “Germany’s acceptance of cryptocurrency and groundbreaking decision to allow crypto investments...

Die Inflation in Deutschland nimmt zu. Die Inflationsrate steigt derzeit in ungeahnte Höhen, die längst in Vergessenheit geraten waren. Während das Gespenst der Inflation vor Jahrzehnten noch allgegenwärtig war, schien man sich lange Zeit eingerichtet zu haben. Eingerichtet mit einem stetigen Anstieg der Preise, der sich jedoch nicht signifikant von der Erhöhung des Lohnniveaus unterschied. Mit der Entwicklung der letzten Monate und den neuesten...

Frankfurt’s Central Office for Combating Cybercrime (ZIT) and the Federal Criminal Police Office (BKA) conducted a joint operation against the Russian Darknet Marketplace “Hydra Market.” The authorities shut down its server infrastructure and seized over $25 million worth of bitcoin. ‘Hydra Market’ is Down According to a federal police statement, German law enforcement agents “secured the server infrastructure of the world’s largest illegal Darknet marketplace Hydra Market...

BXM Operations’, a subsidiary founded by BitMEX CEO Alexander Höptner and its CFO Stephan Lutz, failed to acquire the Munich private bank, Bankhaus von der Heydt. Both parties agreed to cancel the planned deal, German media reported on Thursday. The acquisition was greenlighted by German regulator BaFIN back in January when BXM Operations signed a purchase agreement with Dietrich von Boetticher, the bank’s current owner. A BitMEX spokesperson told the German media that “the...

Almost half of the German population is motivated to invest in cryptocurrency, as revealed by digital asset exchange KuCoin’s ‘Into the Cryptoverse 2022’ report. Crypto Adoption in Germany Grows According to the report, 44% of Germans are somewhat motivated to “invest in cryptocurrencies to be a part of the future of finance.” 35% of them would do it for the opportunities of earning passive income and 30% consider crypto to be a reliable store of value. Some also hope to...

The meme cryptocurrency project – Baby Doge Coin – disclosed a promotional partnership with the Bundesliga soccer team TSG Hoffenheim. The club will release non-fungible tokens (NFTs) for its fans as part of the agreement. Baby Doge’s Dive in Soccer In a recent announcement, the professional soccer team revealed it is “happy” to collaborate with Baby Doge, describing the latter as an “innovative and leading brand” in the crypto industry. Apart from offering an NFT collection,...

The leading German stock market operator – Deutsche Börse – noted that cryptocurrency exchange-traded products (ETPs) had been highly attractive options for investors over the past year. The company outlined that the average monthly trading turnover in crypto ETNs surged to more than $1 billion, or +922%, than in 2020 ($115 million). Crypto ETPs with a Record Performance Deutsche Börse presented the record numbers in its most recent report. To meet the growing demand for...

German Savings Banks Association – a network of over 400 savings banks throughout Germany – may allow customers to start trading cryptocurrencies from their accounts in 2022. As the market leader among Germany’s financial institutions, the service could give easy crypto access to more than 50 million people. Adopting Crypto Services As reported by the German magazine “Capital”, the concept is being prepared by a dedicated team at S-Payment – an IT service provider. It will...

Union Investment – the investment arm of the DZ bank group – takes another small step towards offering crypto investment services to private investors. They will make Bitcoin a small percentage of some of their funds.  Union Invest’s Experimentation With Crypto As reported to Bloomberg news, portfolio manager David Barthe said that the company was considering adding Bitcoin to their funds in small amounts, comprising 1-2% of their portfolios. This will be starting at an...

The Switzerland-based financial institution – Leonteq AG – announced it partnered with ICF BANK AG to introduce digital asset offerings to institutional investors as well as private clients in Germany and Austria. The initiative would grant investors exposure to 18 cryptocurrencies, including the leading ones, Bitcoin (BTC) and Ethereum (ETH). Leonteq Stretches out of Switzerland Leonteq AG – a Swiss firm specializing in structured financial products – announced it would...