ECB paper claims older Bitcoin holders are exploiting new holders
Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation. Go to Source
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German Authority Seizes 13 Unauthorized Crypto ATMs
Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal transactions and posed money laundering risks. Under German law, trading currencies, including cryptocurrencies, without proper authorization is illegal, with violators facing up to five … Read more
Moscow Exchange Stops Trading in Dollar and Euro Due to US Sanctions
On Wednesday, the Moscow Exchange (MOEX) announced new restrictions on its trading activities. The exchange revealed that, due to the enactment of U.S. sanctions against its platform, it would stop activity in all trading pairs involving the U.S. dollar and the euro. These measures came into effect on June 13th and affected FX, precious metals, … Read more
Crypto exchange Binance restores euro services after new fiat partners
Euro payments, deposits, and withdrawals are back on for European Binance users months after the severance of services by PaySafe. Go to Source
Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical
Cathie Wood thinks Bitcoin and Ether are acting as “risk-off” assets and as a “flight to safety” for investors amid macroeconomic uncertainty. Go to Source Powered by WPeMatico
The Number of Euro-Pegged Stablecoins Has Swelled 1,683% Since 2020
While the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% from $31.9 million worth of euro-based tokens on January 3, 2020, to today’s $569 million. Since November 2021, the number of euro stablecoins swelled by 85.34%, but from January 2022 to today, euro stablecoin numbers dropped 14.17% during the … Read more
Binance Fully Resumes EUR and GBP Deposits and Withdrawals via SEPA, Faster Payments
Cryptocurrency exchange Binance has fully resumed EUR and GBP deposits and withdrawals via the SEPA payment network and Faster Payments Services (FPS). Binance is also offering all verified users zero fees for depositing EUR via SEPA and GBP via FPS to “celebrate the return of SEPA and FPS.” SEPA and FPS Back on Binance Cryptocurrency … Read more
80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany
Amid the coronavirus pandemic and deepening financial crisis, the number of banks charging customers negative interest rates in Germany has accelerated. At least 80 banks now reportedly charge negative interest rates, 16 of which apply this policy to even small deposits. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed … Read more
Maduro Opens Crypto Casino in Venezuela
Venezuela’s President Nicolas Maduro has authorized the opening of a casino at a luxury hotel in Caracas where bets must be placed in petros, the country’s national oil-backed digital currency. Several cryptocurrencies and fiat currencies can be exchanged into petros to wager in the casino. The proceeds are expected to be used for healthcare and … Read more
Liechtenstein Bank Offers Account Holders Direct Crypto Investments
This week the private bank headquartered in the Principality of Liechtenstein, Bank Frick, announced its customers will now have the ability to directly invest in cryptocurrencies. According to the financial institution, the company will offer account holders the means to purchase fives different cryptocurrencies that will be held in cold storage using the bank’s platform. … Read more
