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Germany Enters Recession as Over 100 Banks Charge Negative Interest Rates


Germany has plunged into a recession with the worst quarterly contraction since the global financial and economic crisis of 2008, according to official data. Over 100 banks in the country are now charging customers negative interest rates. Germany Enters Recession The German economy is now in...

Bitwala Launches Bitcoin Interest Account With up to 4.3% Annual Rate


Neobanking service provider Bitwala on Thursday introduced a new account that offers its 80,000 European customers passive bitcoin (BTC) income. The Bitwala Interest Account allows users to earn up to 4.3% interest per annum for BTC held at the bank. According to the Berlin-based company, account...

90 Million More People Can Now Spend Crypto With TenX


TenX’s popular Visa debit card—which lets you spend cryptocurrency without having to manually top up—has launched in Germany and Austria. It supports Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), all of which can be spent anywhere that accepts Visa thanks to the card’s unique auto-convert...

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...

10 Countries Actively Regulating Cryptocurrency Despite Global Crisis


Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South...

US Cash Crisis: Withdrawal Limits Spark Bank Run Fear


The entire world has been focused on the economy as the coronavirus outbreak has devastated global markets. While stocks, commodities, and barrels of oil plunge in value, there’s been considerable demand for cold hard cash in certain countries. According to reports, Wall Street’s elite...

CoinTracking.info Helps Crypto Traders Avoid Costly Tax Mistakes


CoinTracking.info, the world’s most popular cryptocurrency tax software, is announcing the launch of a new service aimed at helping crypto traders avoid a common tax-time mistake: submitting incomplete or incorrect data to the IRS. The post CoinTracking.info Helps Crypto Traders Avoid Costly...

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