With the kickoff event ‘Bitcoin im Bundestag,’ Bitcoin has entered the political discourse in Germany. Roman Reher of Blocktrainer, the largest German-speaking Bitcoin YouTube channel, and Kristian Kläger, CEO and founder of terahash.energy GmbH, delivered two formidable introductory presentations in the German Parliament. Since German politicians still mainly associate Bitcoin with criminal activities, money laundering,…
Today, Volksbank Raiffeisenbank Bayern Mitte eG, a Bavarian cooperative bank with an ~130-year history, has entered into a long-term partnership with terahash.energy GmbH, according to a press release sent to Bitcoin Magazine. The Ingolstadt-based cooperative bank and the young startup, terahash, will collaborate on promoting topics related to Bitcoin and develop new offerings. “We are…
Stay informed with free updates Simply sign up to the German politics myFT Digest — delivered directly to your inbox. German rightwing populists have suffered a surprise defeat in a widely watched regional election that has followed a fortnight of nationwide protests. The Alternative for Germany (AfD) party lost a district election in the state…
To uphold the token’s value, stablecoin issuers often reserve cash or liquid assets. Amid rising interest rates, DWS is poised to manage the reserves for the new stablecoin. Deutsche Bank’s DWS Group, along with Dutch market maker Flow Traders Ltd. and crypto fund manager Galaxy Digital Holdings Ltd, is set to establish a new entity…
A member of the German Bundestag (federal parliament), Joana Cotar, has expressed her support for making Bitcoin a legal tender in Germany, in an exclusive interview with Cointelegraph. Cotar told the publication that she wants to initiate a “preliminary examination” for legal framework to officially recognize Bitcoin as legal tender in the country. “This includes ensuring the…
FIOR Digital GmbH, the company behind 21bitcoin, one of Europe’s leading Bitcoin platforms, has announced that it has secured a €2.1 million financing round, with the funding being provided by Volksbank Raiffeisenbank Bayern Mitte eG, one of Germany’s most established banks, according to a press release sent to Bitcoin Magazine. “We are investing in this…
According to the Worldcoin team, the project was fully compliant with European data rules and was supervised by the Bavarian State Office for Data Protection Supervision. Last week, OpenAI CEO Sam Altman announced the launch of Worldcoin (WLD) – a crypto project that aims to establish universal access to the global economy regardless of country…
skynesher/E+ via Getty Images By Carsten Brzeski German unemployment increased by 62,000 in July, raising the number of unemployed to 2.617 million. The seasonally adjusted unemployment rate, however, dropped to 5.6%, from 5.7% in June. For those who want to find some sign of weakening in the labour market, today’s report brought some reassurance: the…
Receive free French economy updates We’ll send you a myFT Daily Digest email rounding up the latest French economy news every morning. German and French inflation slowed this month to the lowest annual rates since Russia’s full-scale invasion of Ukraine, prompting investors to pare back their bets of another interest rate rise from the European…