Germany Financial News

19.06 / 18:35

markets Digital Currency Investments Altcoin Digital Asset Bitcoin Crypto Investment Products week Crypto investment products experience outflows for 9th consecutive week

On June 19, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows totaling $5.1 million last week. The outflows contributed to the continuation of a nine-week streak of outflows, resulting in a cumulative total of $423 million.

19.06 / 14:11

BNP Paribas Asset Management CEO Sandro Pierri elected Efama president

Sandro Pierri, the chief executive of BNP Paribas Asset Management, has been elected president of Europe’s main fund management trade body — months after the Brussels-headquartered association brokered a compromise to win back German members by removing corporates from its board.

16.06 / 19:43

business Technology privacy Analysis Opinion Tech Think AI tools aren't harvesting your data? Guess again

The meteoric ascent of generative artificial intelligence has created a bonafide technology sensation thanks to user-focused products such as OpenAI’s ChatGPT, Dall-E and Lensa. But the boom in user-friendly AI has arrived in conjunction with users seemingly ignoring or being left in the dark about the privacy risks imposed by these projects.

16.06 / 07:19

business Adoption ChatGPT ‘Hey Mercedes’ — Mercedes-Benz trials ChatGPT-powered voice control

Luxury car manufacturer Mercedes-Benz is integrating artificial intelligence into more than 900,000 vehicles as part of a new trial of a ChatGPT-powered voice assistant system.

16.06 / 06:55

Citi Citigroup dealmaking Deutsche Bank hires Plowman from Citigroup in consumer dealmaking push

Deutsche Bank has hired a senior dealmaker from Citigroup to cover consumer clients in Europe, as part of a series of new recruits in for the German bank in the sector.

16.06 / 04:45

Blockchain defi Payments Digital Asset Digital Asset Management FinTech Deal Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal

The payments subsidiary of crypto custodian Prime Trust, Banq, filed for bankruptcy protection in the United States on June 13, court documents show..

16.06 / 03:53

Citi Deutsche Bank poaches from Credit Suisse, Perella and Citi for top FIG roles

Deutsche Bank has recruited a trio of senior bankers for its financial institutions group, as the German lender continues a hiring spree of dealmakers.

14.06 / 01:12

Blockchain NFT wallet Metaverse Footwear conglomerate Puma launches 3D Web3 experience

On June 13, German footwear conglomerate Puma launched its 3D metaverse experience, Black Station. As told by developers, Black Station is an “experiential home” for product drops built to provide “unbridled access” for Puma Pass nonfungible token (NFT) holders.

12.06 / 19:27

markets business Investments Trading Digital Asset Bitcoin Crypto fund outflows reach $417M over 8 weeks as investor caution persists

On June 12, European cryptocurrency investment firm CoinShares published its latest weekly “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows of $88 million last week. The substantial drawdown added to the ongoing eight-week streak of outflows, which now total $417 million. Analysts at CoinShares have attributed this ongoing trend to monetary policy considerations, as interest rate hikes show no signs of slowing down, prompting investors to remain cautious.

12.06 / 09:47

Pool A16z crypto opens first overseas office in UK

In a blog post announcing the move, the firm states: "While there is still work to be done, we believe that the UK is on the right path to becoming a leader in crypto regulation. The UK also has deep pools of talent, world-leading academic institutions, and a strong entrepreneurial culture.

08.06 / 22:53

business wallet BitGo Crypto custodian BitGo signals intent to acquire Prime Trust

Wallet infrastructure provider and digital asset custodian BitGo have signed a non-binding letter of intent to acquire fintech infrastructure provider Prime Trust, according to an announcement on June 8.

08.06 / 12:29

Citi Berenberg hires M&A head from Peel Hunt in fresh push for new business

German bank Berenberg has hired a new head of M&A to lead a push into a new business line as part of a series of new recruits as it rebuilds its City operation after job cuts last year.

07.06 / 14:05

Blockchain Kucoin Binance CEO SoftBank Future Proof of Talk 2023 - 2 days to restore trust in Web3 and design the future of the industry

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

07.06 / 11:19

NFT Non-fungible tokens Metaverse Fashion Backed Louis Vuitton Set to Launch $42,000 Physical-Backed NFT Trunks

French luxury fashion house Louis Vuitton has announced its first non-fungible token (NFT) collection, with each iconic-trunk-turned-digital-collectible coming with a tag of nearly $42,000.

06.06 / 20:30

services Financial UK beats France, Germany to retain crown as Europe’s top destination for financial services investment

France and Germany have failed to topple the UK’s dominance in financial services investment as the latter sees a double-digit gain in new projects.

06.06 / 17:49

Adoption Research ChatGPT Returns AI-related crypto returns rose up to 41% after ChatGPT launched: Study

A recent study conducted by researchers at the Blockchain Research Lab in Hamburg, Germany, indicates that OpenAI’s launch of ChatGPT represented a rising tide scenario for cryptocurrency assets related to artificial intelligence.

02.06 / 13:21

Adoption Europe European Union Banks Euro Bitcoin Europe’s right-wing political groups find cause in crypto

The European crypto scene has gained significant traction over the past few years, with a surge in the interest in and adoption of cryptocurrencies and blockchain technology. While the crypto industry is often associated with decentralization, innovation and financial freedom, it is not immune to various political ideologies and influences, and right-wing movements are no exception.

01.06 / 08:39

Ethereum Adoption Polygon layer2 Telecommunications Germany's Deutsche Telekom plugs in as Polygon validator

One of Europe’s largest telecommunications companies uses its infrastructure to explore new revenue streams and boost network security as a validator for blockchain protocols.

01.06 / 06:07

Career Deutsche Bank, Barclays bankers happiest with pay as dealmaker bonuses were axed

Bankers at Deutsche Bank and Barclays were happiest with their pay packets this year as large investment banks took the axe to bonuses after a slump in deals.

01.06 / 05:05

UPS Platform TripAdvisor Citibank valuation TripAdvisor rival GetYourGuide nears $2 billion valuation as it raises fresh funds to invest in A.I.

German online travel startup GetYourGuide raised $194 million from investors, hoping to capitalize on a bump in demand for travel services in the summer, further an expansion into the U.S., and invest in large language models and other artificial intelligence tools.

31.05 / 09:55

Ethereum Art NFT Non-fungible tokens Mercedes-Benz's Web3 Arm Teams Up with Fingerprints DAO for New NFT Collection

Digital art organization Fingerprints DAO has teamed up with Dutch artist Harm van den Dorpel and German car giant Mercedes Benz on a generative art non-fungible token (NFT) collection.

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