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ECB paper claims older Bitcoin holders are exploiting new holders
19.10.2024
Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation
German Authority Seizes 13 Unauthorized Crypto ATMs
22.8.2024
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...
EU to Send Ukraine 1.4 Billion Euros From Frozen Russian Assets
24.7.2024
The European Union (EU) is set to provide Ukraine with 1.4 billion euros ($1.52 billion) in military aid, sourced from the interest on frozen Russian assets. This decision, announced by EU High Representative for Foreign Affairs and Security Policy Josep Borrell during a Council on Foreign Affairs...
ECB Publishes Digital Euro’s First Progress Report
26.6.2024
The European Central Bank (ECB) has published its first progress report on the digital euro preparation phase, highlighting key design features and ongoing developments. The report emphasizes high privacy standards for both online and offline payments, aiming to provide users with a cash-like level...
Italy to Increase Surveillance of Crypto Market With Fines as High as 5M Euros: Reuters
20.6.2024
Italy is set to adopt measures that will include high fines for those who manipulate the crypto asset market as part of a wider scheme to beef up surveillance of risks tied to the sector
Moscow Exchange Stops Trading in Dollar and Euro Due to US Sanctions
14.6.2024
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...
Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops
13.6.2024
A report from the European Central Bank indicated that the euro’s share of foreign exchange reserves declined by one percentage point to 20% in 2023. According to the report, the continued diversification of global reserve portfolios into nontraditional currencies threatens to further erode...
Bitcoin Price Hits Record Highs in Euros and Pounds – Here’s Where BTC Is Headed Next
4.3.2024
The Bitcoin price just hit new record highs in euros and British pounds and is fasting heading to record highs in USD terms.
The post Bitcoin Price Hits Record Highs in Euros and Pounds – Here’s Where BTC Is Headed Next appeared first on Cryptonews
Iron Bank Euro’s Stablecoin Crisis: No Clear Path to Repeg After 60% Value Drop
20.12.2023
Source: Adobe / Skórzewiak Iron Bank Euro (IBEUR), a low-cap alternative stablecoin, has found itself in the midst of a crisis with no immediate route back to its stablecoin peg after experiencing a sharp 60% drop in value on Monday. The stablecoin, with a $3.7 million issuance, tumbled from...
SocGen’s Own Stablecoin Set to Debut Trading on Bitstamp Exchange
6.12.2023
Source: AdobeStock / AUFORT Jérome French banking giant Societe Generale is listing its stablecoin, dubbed EUR CoinVertible, on the Luxembourg-based Bitstamp crypto exchange. EUR CoinVertible will be fully backed by Euros and issued on the Ethereum public blockchain, SocGen said in a release....
Societe Generale Issues First Digital Green Bond as Security Token on Ethereum Blockchain
5.12.2023
Source: iStock/AdrianHancu Societe Generale, the third-largest bank in France, has marked a significant milestone by issuing its inaugural digital green bond on the Ethereum public blockchain. Societe Generale announced Monday that it issued its first green bond on the Ethereum blockchain....
ECB Chief Christine Lagarde Reveals Her Son Invests in Crypto Despite Her Warnings — ‘He Ignored Me Royally’
24.11.2023
The president of the European Central Bank (ECB), Christine Lagarde, has reportedly revealed that her son invested in crypto despite her warnings. “He ignored me royally,” Lagarde shared, noting that after he lost 60% of the money he invested, she had another talk with him about crypto investing....
Germany’s Third-Largest Bank Unveils Blockchain-Based Digital Custody Platform for Institutional Investors
6.11.2023
DZ Bank, one of Germany’s leading financial institutions with assets totaling 300 billion euros, has launched its own blockchain-powered custody platform. According to an announcement by the bank, the platform is specifically designed to cater to institutional clients, enabling them to engage...
Euroclear Unveils RWA Tokenization Service With World Bank's 100M Euros Digital Bond Issuance
24.10.2023
The digital bond was issued on R3's Corda blockchain, while global bank Citi and investment manager TD Securities assisted in the issuance
Crypto exchange Binance restores euro services after new fiat partners
20.10.2023
Euro payments, deposits, and withdrawals are back on for European Binance users months after the severance of services by PaySafe
Banking Scams Overtake Crypto Frauds in Ireland
16.10.2023
Fraudsters targeting victims in Ireland are increasingly posing as bank officials rather than crypto promoters, the local press reported quoting police. Amid the growing trend, Irish investors have lost millions of euros to this type of schemes this year, with law enforcement authorities having...
Binance urges users to convert Euros to USDT after Paysafe debank
28.9.2023
Binance’s European debanking woes continue as it urges Paysafe users to convert their Euros to digital dollars
Binance to Lose Euro Transfers as Paysafe Drops Support
30.6.2023
Paysafe will discontinue support for bank transfers of euros to and from Binance, the payments provider announced. The news comes when the world’s largest cryptocurrency exchange finds itself under pressure from regulators and banking partners in Europe and elsewhere. Paysafe to Stop Euro Deposits...
PlayStation Has To Pay Back Some Loot Boxes After Court Ruling
17.5.2023
Over the past few years EA’s FIFA series has been the target of multiple investigations and government hearings across Europe, with some countries concerned that the game’s flagship Ultimate Team mode is basically gambling, and others convinced that it is and taking action.Read more
Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar
24.4.2023
Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak noted there is a great interest in acquiring Russian energy resources, leading Russia to accept...