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Banks Turn Away Customer Deposits due to Negative Interest Rates in Germany
4.3.2021
Banks in Germany are reportedly turning customer deposits away due to the negative interest rate imposed on them by the European Central Bank (ECB). Some banks are even offering online tools to help customers take their deposits elsewhere. Negative Interest Rates Imposed by ECB Force Banks to Turn...
EU appoints major finserv firm to lead blockchain social media project
16.2.2021
The initiative will assess 450 proposals aimed at boosting the integrity of social media posts with the help of blockchain technology over the next three years
Darknet Market Joker’s Stash Retires After Raking in $1 Billion in Cryptocurrencies
14.2.2021
One of the largest darknet marketplaces for selling identity data and stolen credit card information, Joker’s Stash retired last month after making off with a cool $1 billion in cryptocurrencies. Weeks ago, U.S. and European officials seized some of the web portal’s servers tied...
Beyond Bitcoin? Little known project jumps 116% on €2.75M EU ‘new money’ grant
12.2.2021
A currency that gains value through abundance, not scarcity? That's the object of a $3.3 million EU research project which doubled the value of an associated token overnight
ECB President Christine Lagarde Says ‘It’s out of the Question’ That Central Banks Would Hold Bitcoin
11.2.2021
The president of the European Central Bank (ECB), Christine Lagarde, has clarified whether central banks will start holding bitcoin now that a growing number of companies, like Tesla, are embracing the cryptocurrency. Lagarde remains skeptical about bitcoin, having recently said it “has...
Europol Arrests 10 Members of a Sim Swapping Criminal Gang That Stole Cryptocurrencies Worth $100 Million
11.2.2021
The European law enforcement agency, Europol, has arrested 10 people believed to be members of the criminal gang that stole cryptocurrencies with an estimated value of $100 million. The arrests follow an international investigation into a series of sim swapping attacks that occurred in 2020....
Fed-Published DeFi Study By a European Professor Boosts Industry Morale
9.2.2021
Decentralized Finance (DeFi) remains a niche market, but its efficiency, transparency, accessibility, and composability make for interesting characteristics, enabling it to potentially contribute to a more robust and transparent global financial infrastructure, according to a study published by...
French official wants to change how Europe regulates crypto and blockchain
9.2.2021
According to one French official, crypto and blockchain projects should be supervised at the European level
European Commission, ECB Unite to Consider Potential Pitfalls of the Digital Euro
20.1.2021
The digital euro project may get underway in mid-2021 after a period of reviewing any "policy, legal and technical questions" by the two institutions
Economist Slams ECB Chief Lagarde’s Bitcoin Remarks as Dangerous for Cryptocurrency Regulation
20.1.2021
Responding to European Central Bank (ECB) President Christine Lagarde’s recent remarks about bitcoin, the chief economist at investment firm Tressis said what Lagarde implied was “outrageous” and “dangerous” for cryptocurrency regulation. Economist Says Governments...
European Parliament Petitioned to Create Crypto Crime Compensation Fund
19.1.2021
A petition has been submitted to the European Parliament, asking to implement a scheme to compensate crypto-related victims. The crimes mentioned in the petition 0421/2020 include fraud, piracy, and extortion. Petition’s Author Represents Victims in the Bitsane Alleged Scam Case According...
EU Seeks to Curb Reliance on US Dollar After American Sanctions Exposed Financial Infrastructure Vulnerabilities
19.1.2021
The European Union (EU) is reportedly planning to reduce its reliance on the U.S. dollar-based financial system, after American sanctions on Iran exposed the vulnerabilities of the bloc’s financial infrastructure. According to officials, who are now determined to challenge the dollar’s...
Huobi Global Connects to European Banking System via UK’s BCB Group
18.1.2021
The crypto exchange is partnering with BCB Group to get instant GBP and euro settlement for its customers
DeFi’s death by a thousand cuts
17.1.2021
They said that 2020 was the year of DeFi. Perhaps 2021 should be the year of DeFi’s sensible regulation
Bitcoin ETP Trading at Levels Seen by Top European ETFs: FT
15.1.2021
Only one major ETF was trading at volumes slightly higher than the BTCetc ETP in the first 11 days of January, says the FT
Coinbase Issues a Public Apology to EU and UK Customers — Did Not Address Its Global Issues
15.1.2021
Cryptocurrency exchange Coinbase published a statement addressing their U.K. and E.U. customers, apologizing for system outages and account restrictions. The company also recognized their customer support “has not been at the levels” expected. High Flow of Incoming Customers According...
EU Parliament Receives Petition Seeking to Establish Crypto Crime Victims’ Fund
15.1.2021
The petition asks the EU to take a tiny fee on crypto transactions to be pooled into a fund for victims of fraud and hacks
ECB Chief Christine Lagarde Calls for Global Bitcoin Regulation — Says BTC Conducts ‘Funny Business’
14.1.2021
The president of the European Central Bank (ECB), Christine Lagarde, has called for the global regulation of bitcoin. She said that bitcoin is a highly speculative asset and has “conducted some funny business.” Emphasizing the need for countries to work together to regulate bitcoin,...
ECB president Lagarde renews calls for global regulation of Bitcoin
13.1.2021
In a recent interview, Lagarde said that Bitcoin has been used to conduct "funny business" and "totally reprehensible money laundering activity."
Coinbase Apologizes To European Users For Missed Higher Profits
13.1.2021
In the aftermath of its recent connectivity issues that deprived numerous users of access to their cryptoassets amid skyrocketing prices, major crypto exchange Coinbase has issued an apology to its Europe-based customers. While putting the blame for the difficulties at the recent market rally...