Germany News

Allianz Global Corporate & Specialty SE is developing a blockchain-based ecosystem to facilitate cross-border insurance payments for its corporate customers.

Commerzbank tested blockchain-based machine to machine payments with trucks produced by the firm behind the Mercedes-Benz auto brand, Daimler.

Bitcoin and Bitcoin Cash payment processor BitPay confirmed that it suspended its operations in Germany.

German Bitcoin bank Bitwala announced that it received €13 million (almost $14.5 million) in funding.

Per its first comprehensive report on the subject, the Senate of Hamburg expects blockchain tech to grow within the city.

About 71% of German citizens are skeptical towards Facebook’s Libra stablecoin, while only 12% welcome it.

Starting next year, new regulation will require German cryptocurrency businesses to hold a BaFin-issued license.

Fundament Group announced that the German Federal Financial Supervisory Authority approved its Ethereum-based real estate bond.

Germany’s central bank said that potential benefits of Facebook’s Libra should be made possible despite associated risks.

Bundesbank President Jens Weidmann spoke in favor of Facebook’s Libra during a recent G7 event, a report says.

A Tel Aviv resident has been arrested and accused of international phishing fraud, using a collection of websites to steal cryptocurrencies.

The platform is estimated to automate around 75 million processes each year and save about 12 million sheets of paper per year.

Central Bank of Germany representative Burkhard Balz says that cryptocurrencies do not pose a threat to financial stability.

Deutsche Bank winding down its investment banking arm paints a bleak picture of traditional finance at a time of booming growth for bitcoin and crypto.

Bitcoin miners now employ almost 70 quintillion hashes per second to maintain the blockchain.