Posts in category

Germany


Blockchain startup Bitwala is aiming to launch Germany’s first “blockchain bank account” – and it’s struck a strategic partnership with Berlin-based fintech company solarisBank in order to pull it off. Built as part of solarisBank’s “Blockchain Factory” initiative, the partnership will enable Bitwala to offer banking services by way of solarisBank’s German banking license, spokesperson …

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Felix Hufeld, chief of Germany’s financial watchdog, has said blockchain technology is “revolutionary” and its applications could turn the entire financial sector “upside down.” Hufeld, who is president of the German Financial Supervisory Authority (BaFin), made the remarks during a speech at an event in Berlin last week in which he described the regulator’s thinking …

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The fintech arm of Germany’s second-largest stock exchange is set to launch a cryptocurrency trading app later this year. Sowa Labs, a subsidiary of Börse Stuttgart, unveiled the app on Friday, which it said would be available for use in September and will initially offer trading support for bitcoin, ether, XRP and litecoin. According to the …

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The German fintech incubator FinLab AG and Block.one, developer of the Blockchain software platform EOS.IO, announced a $100 mln joint venture to develop projects that use EOS’ software, Cointelegraph auf Deutsch reported today, March 21. The FinLab-run fund aims to further distribute the EOS.IO platform, run by Cayman islands-registered Block.one. The company has promised $1 …

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Late last year, when interest in Bitcoin and its price was at its peak, France’s finance minister suggested that there be a public debate of Bitcoin at the G20 summit which concluded this week. The conclusion of this meeting, in regards to where the nations now stand on cryptocurrencies, is that a firm July deadline …

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Researchers from two German universities have uncovered data in the Bitcoin Blockchain which could mean anyone who downloads it is breaking the law, The Guardian reports March 20. In a paper published by two groups from Aachen and Frankfurt University, authors claim sexual images and links to child pornography attached to Bitcoin transactions has the …

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The G20 is set to hold two separate discussions on cryptocurrencies next week in an effort to seek what representatives call a “common response” on regulation. A media representative for next week’s summit, to be hosted by Argentina, which currently holds the G20 presidency said that the first meeting will take place Monday. The talks …

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Blockchain is coming up to its 10th birthday, having been born conjoined to Bitcoin. The issue is that in these years of evolving technology Blockchain has not yet found its killer app or been picked up as a disruptive technology that has led to another technology becoming obsolete. Cryptocurrencies have grown and expanded, with a …

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German car manufacturer BMW has allegedly closed a second partnership with a Blockchain startup, this time to source ethical cobalt for its products, Reuters reports March 5, citing the startup’s CEO. Just a week after the automotive giant unveiled a deal with Chinese Blockchain supply firm VEChain, Douglas Johnson-Poensgen, the CEO of little-known UK-based startup …

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Germany-headquartered car manufacturing giant Daimler AG, famous for its Mercedes-Benz and Smart brands, presented its own Blockchain-based digital currency MobiCoin at the Mobile World Congress 2018 in Barcelona, Cointelegraph auf Deutsch reported on March 5.   The project, which started in February 2018, was created to reward drivers for environmentally-friendly driving habits, i.e. smooth and …

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The Swiss-based Credit Suisse and Dutch-based ING financial service groups have successfully completed the first live transaction of 25 mln euros (around $30 mln) in securities on R3’s Corda Blockchain platform, according to Credit Suisse’s March 1 press release. Credit Suisse and ING transferred the legal ownership of Dutch and German government securities using HQLAX …

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The German Federal Ministry of Finances considers Bitcoin as tax-exempt so long as it is used as a means of payment, Cointelegraph Deutsch reported Thursday, March 1. The German federal authority published its decision to not subject purchases with Bitcoin and other cryptocurrency to taxes on Feb. 27, citing the European Court’s 2015 decision, which …

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The German Blockchain-based payment service provider Bitwala announced that it is launching a new “crypto-first” banking service for German customers, complete with accounts, international bank account numbers (IBAN), SWIFT codes, and corresponding MasterCard debit cards, Cointelegraph Deutsch reported Tuesday, Feb. 27. An application process is currently underway with the German Federal Financial Supervisory Authority (BaFin) …

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Automobile manufacturer Porsche is exploring Blockchain apps in its vehicles in cooperation with the Berlin-based startup XAIN, Cointelegraph auf Deutsch reported yesterday, Feb. 27. In their press release published Feb. 22, Porsche stated that the company is “the first automobile manufacturer to implement and successfully test Blockchain in a car.” Possible applications for Blockchain technology …

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Germany won’t tax bitcoin users for using the cryptocurrency as a means of payment, the Ministry of Finance has said. The guidance, published Tuesday, sets Germany apart from the U.S., where the Internal Revenue Service treats bitcoin as property for tax purposes – which means that if an American buys a cup of coffee with …

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The Fraunhofer Institute for Photonic Microsystems (IPMS), based in Dresden, Germany, intends to use Blockchain concepts for the development of wireless radio-frequency identification (RFID) sensor systems in the logistics sector, according to a Feb. 22 press release. The use of Blockchain solutions for the decentralized storage of data generated by RFID sensors could be made …

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Cointelegraph proudly unveils the launch of its German version, CT Deutsch today, Feb. 23. Starting today, both the most important news from our main page as well as local updates from Germany, Austria and Switzerland will be available in German, making for convenient reading for our German-speaking visitors everywhere. With powerful regional crypto communities, fueled …

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Germany’s financial markets regulator has issued new guidance on how it will classify tokens sold during initial coin offerings (ICOs), including those it will consider securities. On Feb. 20, the Federal Financial Supervisory Authority (BaFin) issued a letter of advice, announcing the move in light of an influx of inquiries from businesses looking to host token …

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Germany’s Federal Financial Supervisory Authority (BaFin) has clarified obligations for Initial Coin Offering (ICO) tokens after receiving “increased queries” about their legal status in a note issued Tuesday, Feb. 20. The note from BaFin is a follow-up on its warning to investors from November 2017, in which it discussed the potential “risks” of ICOs. The …

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A survey published Feb. 15 by the German Federal Association for Information Technology, Telecommunications and New Media (Bitkom), found that just over two thirds of Germans are aware of Bitcoin (BTC). Awareness of the most popular cryptocurrency has doubled since 2016, when 36 percent of German citizens were familiar with Bitcoin, and quadrupled since 2013, …

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