Germany Financial News

03.05 / 16:15

Law regulation Dark Web Global Dark Web Crackdown: 288 Arrested, Drugs, Guns, and Crypto Seized

The US and international law enforcement have made 288 arrests and seized over $53 million in cash and cryptocurrency as part of a major dark web crackdown.

02.05 / 19:39

business Ethereum Investments Altcoin Federal Reserve Bitcoin Crypto Investment Products Speculation Interest rate hike speculation triggers outflows from crypto investment products: Report

On May 2, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Weekly Report,” which stated that the digital asset market experienced bearish sentiment for the second consecutive week, resulting in outflows totaling $72 million. The report noted that the bearish sentiment could be attributed to the probability of further interest rate hikes by the United States Federal Reserve this week.

02.05 / 13:17

markets Ethereum Ether price Federal Reserve inflation Futures Ethereum price outlook weakens, but ETH derivatives suggests $1.6K is unlikely

Ether (ETH) price has shown weakness after failing to break above the $1,950 resistance on April 26. The subsequent correction drove ETH to $1,810 on May 1, nearing its lowest level in four weeks. Curiously, the movement happened while the First Republic Bank (FRB) was closed by the California Department of Financial Protection and Innovation.

01.05 / 20:29

regulation Europe Apple European Union Kraken Framework European Union pushes forward with first AI framework: Law Decoded, April 24–May 1

Legislators in the European Union have pushed forward with a draft of a new bill designed to keep artificial intelligence technology in check. According to the bill, the high-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures. In particular, generative AI tools, including ChatGPT and Midjourney, will be obliged to disclose any use of copyrighted materials in AI training.

01.05 / 10:29

business regulation ChatGPT chatbot AI chatbot usage causes concern among 70% of Japanese adults

Artificial intelligence (AI) chatbots are not new. However, the rapid emergence of AI chatbots as integrations into emerging technology and society have been raising concerns among the public.

28.04 / 11:29

business Adoption Survey Research 46% of millennials across major economies own crypto: Bitget research

A new survey suggests that 46% of millennials across major population countries, such as the United States, China, Japan, Germany, Indonesia and Nigeria, own cryptocurrencies.

28.04 / 06:39

Citi Deal Broker Deutsche Bank swoops on biggest City broker Numis in £410m deal

Deutsche Bank has acquired the City's biggest broker, Numis, in a £410m deal that will hand the German lender 170 UK corporate clients in one fell swoop.

27.04 / 23:05

COST Time Time to revisit bank regulation

Andreas Dombret is a former executive at Germany's central bank and a global senior adviser at Oliver Wyman

27.04 / 06:39

COST Deutsche Bank to cut 800 jobs as fixed income trading splutters

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27.04 / 06:23

COST UPS Reuters Strategy UBS Deutsche Bank logs 11th straight quarterly profit, reveals job cuts

Deutsche Bank on Thursday reported a net profit of 1.158 billion euros ($1.28 billion) for the first quarter, emerging from a turbulent month that saw it swept up in market fears of a global banking crisis.

26.04 / 13:41

UPS Digital DWS to offer crypto ETPs via Galaxy Digital tie-up

25.04 / 17:53

business Government Europe European Union AI companies EU data watchdog warns of ‘hell on Earth’ scenario for US AI companies

Europe’s data watchdog, Wojciech Wiewiórowski, predicts a sour predicament for United States-based artificial intelligence (AI) companies currently being investigated for alleged GDPR violations.

25.04 / 14:11

Blockchain UPS Ethereum BTC Digital Platform Bitcoin Can You Buy a House With Bitcoin? How to Buy Property With Crypto

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

24.04 / 20:13

business regulation Europe European Union compliance German regulators launch inquiry into ChatGPT GDPR compliance

OpenAI faces another hurdle in its quest to continue doing business in the European Union as German authorities have launched an inquiry into the company’s privacy practices and GDPR compliance.

21.04 / 21:37

regulation AML decentralized marketplace compliance Innovate some compliance mechanisms, US Treasury official tells DeFi community

The United States Treasury did a risk assessment of decentralized finance (DeFi) and found the sector lacking in several ways, Assistant Treasury Secretary for Terrorist Financing and Financial Crime Elizabeth Rosenberg reminded an audience at the Atlantic Council think tank on April 21. Get ready for more regulation, she said.

21.04 / 06:51

business European Union interview Michael Schumacher’s family to pursue legal action over AI interview

A German magazine has used artificial intelligence (AI) to simulate an interview with former Formula One driver Michael Schumacher and now his family said they’ll pursue legal action over the matter.

21.04 / 05:19

UPS Citi Target CEO Volkswagen Highways end Volkswagen takes on China's EV market with a higher-end car and $1 billion investment

BEIJING — German automaker Volkswagen is investing about $1 billion in China for electric car development, and releasing a vehicle targeted at a higher end of the market.

20.04 / 13:59

Law Adoption Europe European Union What’s next for EU’s crypto industry as European Parliament passes MiCA?

On April 20, the European Parliament voted to pass the Markets in Crypto-Assets (MiCA) regulation, the European Union’s main legislative proposal to oversee the crypto industry in its member countries.

20.04 / 10:07

Adoption Investment Custody Bitcoin services Financial Bitcoin Financial Services Provider Unchained Raises $60 Million Amid More Bullish Market Sentiment – Bull Market Starting?

As the bullish sentiment slowly returns to the crypto markets, the Unchained platform announced its latest funding round, raising millions to expand its Bitcoin (BTC) financial services.

18.04 / 12:36

Credit Suisse faces $160m claim in London court over ‘systemic fraud’

Credit Suisse will face a $160m claim in London's High Court on 20 April that it made fraudulent misrepresentations around a mortgage-backed security deal.

14.04 / 15:37

Stablecoin Adoption Europe Tether European Union Usd Coin Future Crypto in Europe: Economist breaks down MiCA and future of stablecoins

In October 2022, the European Union finalized the text of its regulatory framework called Markets in Crypto-Assets or MiCA. The final vote on the new regulation is scheduled for April 19, 2023, meaning the days of an unregulated crypto market in the EU may soon be over. The MiCA regulations introduce clear guidelines for handling cryptocurrencies and consumer protection, and divide crypto assets into different sectors, each subject to specific rules.

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