Germany closes 47 bitcoin and cryptocurrency exchanges

German authorities have closed 47 bitcoin (BTC) and other cryptocurrency exchanges, claiming they are linked to criminal activity. The operation was carried out by the Frankfurt am Main public prosecutor’s office in collaboration with the Central Office for Combating Cybercrime and the Federal Criminal Police Office. These exchanges, according to the authorities, facilitated anonymous transactionswhich … Read more

2 German banking giants offer services for bitcoin and cryptocurrencies

Two of Germany’s largest banks, DZ Bank and Commerzbank, recently announced the addition of bitcoin (BTC) and cryptocurrency-related services, marking a significant milestone in the adoption of digital assets by the traditional financial sector in the European country. DZ Bank, Germany’s second-largest bank based in Frankfurt and with USD 627 billion in assets under management, … Read more

“Economic collapse is closer than you think”: Spanish analysts

Key facts: Lacalle invites us to understand how the increase in the deficit impoverishes citizens. Europeans face an uncertain and expensive future, says Marc Vidal. “It is essential to prepare for the monetary destruction that is coming, which is much greater than what we have experienced in previous years,” warns economist Daniel Lacalle. The Spanish … Read more

UK court recognises USDT as a “distinct form of property”

Key facts: Since 2023, the United Kingdom recognizes the Bitcoin ecosystem as a financial activity. The court considers that USDT can constitute property, as is the case with other assets. The UK High Court has officially recognised USDT, the stablecoin of Tether Limited, as a form of property. In a court document In the case … Read more

Cryptocurrencies plummet as $700 million exits investment funds

Cryptocurrencies registered a significant drop last week, driven by the outflow of approximately USD 700 million from investment funds, according to data provided by CoinShares. This negative trend is center almost exclusively in the United States, where USD 721 million in outflows were recordedCanada also saw a withdrawal of funds, although to a lesser extent, … Read more