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CATEGORY: germany


Sep 22, 2024 01:00

Germany Shuts Down 47 Crypto Exchanges Over Money Laundering Activities

Authorities have obtained servers containing IP addresses of the criminals and are on the hunt for them.

German authorities shutdown 47 crypto exchanges facilitating crime, seize servers, data

Author: Oluwapelumi Adejumo
United States
Sep 21, 2024 01:10

German authorities shutdown 47 crypto exchanges facilitating crime, seize servers, data

German authorities have shut down 47 cryptocurrency exchanges for their role in facilitating criminal activities, according to a joint statement from the Central Office for Combating Internet Crime (ZIT) and the Federal Criminal Police Office (BKA). The exchanges were deactivated after the authorities determined they had been involved in money laundering. The ZIT and BKA […]

The post German authorities shutdown 47 crypto exchanges facilitating crime, seize servers, data appeared first on CryptoSlate.

DZ Bank partners with Boerse Stuttgart for crypto trading

Author: Cointelegraph by Josh O'Sullivan
United States
Sep 20, 2024 12:00

DZ Bank partners with Boerse Stuttgart for crypto trading

The partnership will bring cryptocurrency trading and custody solutions to around 700 cooperative banks, with an initial rollout planned for late 2024.

Sep 20, 2024 01:25

Germany's Commerzbank and DZ Bank To Offer Bitcoin and Crypto Trading

Germany's two large banks, Commerzbank and DZ Bank, are launching Bitcoin and crypto trading services amid growing demand.

Aug 25, 2024 01:00

German Crackdown on Crypto ATMs Nets $279,000: Report

Regulators seized 13 machines operating without permits, citing risks of money laundering and regulatory non-compliance.

German Authorities Seize $28 Million from Crypto ATM's in 35 Locations...

Author: noreply@blogger.com (Silicon Valley Newsroom)
United States
Aug 22, 2024 04:15

German Authorities Seize $28 Million from Crypto ATM's in 35 Locations...

In a sweeping operation across Germany, authorities have confiscated nearly 25 million ($28 million) in cash from cryptocurrency ATMs that were operating without proper permits, according to a statement issued by the countrys financial regulator, BaFin, on Tuesday.

The operation targeted cryptocurrency ATMs located in 35 different sites across the country. These machines were facilitating the trade of Bitcoin and other cryptocurrencies but lacked the necessary licensing, which raised concerns about their potential use in money laundering activities.

BaFin collaborated closely with law enforcement agencies and the German Bundesbank to carry out this extensive operation. The seizure of these ATMs marks a significant step in Germanys ongoing efforts to regulate the fast-growing cryptocurrency market, particularly in the wake of a global surge in Bitcoin ATM installations in 2024.

The crackdown also underscores Germany's commitment to stringent regulatory enforcement within the crypto space. ATM operators found to be in violation of licensing requirements face severe legal consequences, including penalties of up to five years in prison, according to AML Intelligence.

This recent action is part of a broader regulatory push by German authorities to manage the risks associated with cryptocurrencies. The German government has been under scrutiny for its approach to handling seized digital assets, particularly after it liquidated the last of its seized Bitcoins in July 2024. That sale included 3,846 Bitcoins, each valued at approximately $62,604, most of which had been confiscated in previous operations.

As Germany continues to tighten its grip on the cryptocurrency sector, this operation serves as a stark reminder to operators that compliance with regulatory requirements is not optional.

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Author: Mark Pippen
London Newsroom
GlobalCryptoPress | Breaking Crypto News

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German BaFin regulator cracks down on crypto ATMs

Author: Cointelegraph by Vince Quill
United States
Aug 21, 2024 12:00

German BaFin regulator cracks down on crypto ATMs

According to Coin ATM Radar, there are currently 38,725 crypto ATMs worldwide, with a vast majority located inside the United States.

Aug 17, 2024 03:00

BSI Urges Crypto Users to Secure Assets with Hardware Wallets

Germanys Federal Office for Information Security (BSI) has urged crypto users to store their funds in hardware wallets.…

Germany Federal Office urges use of hardware wallets as crypto theft rises

Author: Oluwapelumi Adejumo
United States
Aug 17, 2024 01:10

Germany Federal Office urges use of hardware wallets as crypto theft rises

Germany’s Federal Office for Information Security (BSI) advised crypto users to secure their digital assets with hardware wallets. In the LinkedIn post, the authorities declared hardware wallets the most secure method for storing digital assets, explaining that these devices can help to keep a user’s private cryptographic keys in offline or “cold” storage. This offline […]

The post Germany Federal Office urges use of hardware wallets as crypto theft rises appeared first on CryptoSlate.

New DeFi protocol Nudge aims to unlock hidden value in users wallets

Author: Cointelegraph by Alex O’Donnell
United States
Aug 16, 2024 12:00

New DeFi protocol Nudge aims to unlock hidden value in users wallets

Nudge seeks to unleash a new DeFi primitive called Re: allocation Value.

Aug 12, 2024 01:45

Report: Ark Invest Says Bitcoin Appears Oversold After Germanys Massive Selloff

After surviving a torrid start to Q3 2024, asset manager ARK Invest believes that Bitcoin (BTC) is prime for a price rebound in the near term as miners try to remain afloat in the ecosystem. The investment firm observed a July 18 report stating that the largest digital asset appears oversold following a series of […]

Jul 10, 2024 12:05

Bitcoin Trending Below Crucial Support: Do BTC Bulls Have What It Takes?

Based on the formation in the daily chart, Bitcoin is at a critical point, price-wise. As the battle between bulls and bears progresses, it is clear that sellers have the upper hand for now despite the recent price stability. BTC Prices At A Crucial Price Level: Will Bulls Take Over? As BTC bulls attempt to reverse losses posted last week, one analyst, citing technical candlestick formation and the reaction at the 200-day moving average, thinks how prices react for now will be consequential in the coming days. In a post on X, the analyst noted that the coin dipped and closed below the 200-day moving average following last week’s losses. This formation was crucial. Over the months, this dynamic line had acted as critical support, anchoring buyers throughout the last bull cycle from October through mid-March. The rally was sustained, and though the level was not retested until late June, when prices were weak across the board, the break last week was decisive. Related Reading: If History Repeats, Bitcoin Price Could Crash 33% Again: Heres Why While bearish, the analyst acknowledged that last week’s break was clear. However, as it is, there is hope for bears because there has been no confirming bear bar. For this to happen, prices must break below $56,500 and sink below $53,500, marking last week’s low. When this happens, it will be official that bears are back, and sellers will likely continue pushing lower in a bear trend continuation formation. If Bitcoin is to turn around, it is imperative that prices reject last week’s losses and break higher, closing above the 200-day moving average. This recovery will be the bullish signal that may mark the start of a leg up, resuming the uptrend of Q1 2024. For now, traders are watching the psychological line at $60,000 and, ideally, the close above $66,000. In that event, Bitcoin might find the momentum to retest $72,000–an important liquidation level. Eyes On Spot Bitcoin ETF Inflows Even amid the optimism, traders are closely watching inflows to spot Bitcoin exchange-traded funds (ETFs), especially in light of the sustained dump by the German government. The sell-off has been heaping more pressure on BTC, capping gains, and deflating the upside momentum. If sellers are persistent and mirror recent trends, there could be more blood, and spot Bitcoin ETF issuers might register outflows. Related Reading: Can Solana Hit $160? SOLs Resilience Sparks Rally Optimism In the past few weeks, especially in June, when prices fell, BlackRock, Fidelity, Grayscale, and other top issuers posted outflows, accelerating the downtrend. Feature image from DALLE, chart from TradingView

Bitcoin Fear & Greed Index hits lowest level since January 2023

Author: Cointelegraph by Vince Quill
United States
Jul 10, 2024 12:00

Bitcoin Fear & Greed Index hits lowest level since January 2023

Lower levels on the Crypto Fear & Greed Index indicate negative investor sentiment, while higher levels indicate a fear of missing out.

Jul 10, 2024 12:05

German Triggers Bitcoin Crash With Rapid Selling: Heres How Much BTC They Have Left

The price of Bitcoin has crashed again as the German government continues its BTC selling spree. The government has already sold millions of dollars worth of Bitcoin, putting immense pressure on the pioneer cryptocurrency amidst broader market volatility.  German Government Initiates Massive BTC Sell-Off Bitcoins consistent price decline has been driven by multiple factors including outflows from Spot Bitcoin ETFs, unfavorable market conditions and Mt Goxs BTC redistribution plans. Lately, the cryptocurrencys price has been further pressured by the substantial BTC sell-offs executed by the German government.  Related Reading: Dogecoin Vs. Shiba Inu Vs. PEPE: Comparing The Profitability Of The Top Meme Coins For weeks, Germany has sold thousands of Bitcoin worth hundreds of millions of dollars. On June 25, blockchain analytics platform Arkham Intelligence reported that the government sold 900 BTC worth about $52 million. They moved 400 BTC to Coinbase and Kraken and transferred the rest to an unidentified address.  Additionally, last week the German government executed another major Bitcoin sell-off, transferring a whopping 3,000 BTC valued roughly at $172 million to exchanges. The government moved 1,300 BTC to Kraken, Bitstamp, and Coinbase and sold the rest to an unknown wallet address.  The most recent BTC transaction was on Monday, June 8, when the German police sold an additional 2,738.7 BTC worth approximately $155.3 million. Arkham Intelligence revealed that the Bitcoin was likely sold to crypto exchanges or market makers, including Kraken, Cumberland, 139Po, and address bc1qu.  As of writing, the German government still holds a staggering amount of Bitcoin. Arkhams data has revealed that the governments holdings amount to 26,053 BTC valued at approximately $1.49 billion.  Despite the BTCs recent crash, the German government Bitcoin continues to sell their BTC holdings at a rapid pace. Joanna Cotar, a member of the German Bundestag, the National parliament of the Federal Republic of Germany, has shown her displeasure with the governments decision to sell off their BTC holdings. Cotar disclosed that the government should be strategically holding BTC and not selling them off. She disclosed that their recent BTC sell-offs were counterproductive and not sensible, urging the government to utilize their BTC as a strategic reserve currency.   Bitcoin Price Update After Crash Over the past week, Bitcoins price fell by a substantial 8.71% after crashing by 17.10% in the past month. This decline has been attributed to unabating selling pressures and recent bearish trends in the crypto market.  Related Reading: XRP Price: Crypto Analyst Identifies Point Of Control That Could See A Repeat Of 2017 Since the beginning of June, Bitcoins price movements have been displaying weakness and underperforming significantly. Despite inflows into Spot Bitcoin ETFs, Bitcoin had remained volatile under the $60,000 price mark, showing minor upward momentum.  Including the German governments BTC sell-offs, crypto analyst, Ali Martinez has also revealed in an X post that Bitcoin whales have sold over 30,000 BTC worth approximately $1.8 billion in the past month. This 30,000 BTC sell-off which surpasses the German governments current Bitcoin holdings has contributed significantly to Bitcoins decline to its present price of $57,039, according to CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

German Government Prepares To Sell Another $900 Million In Bitcoin

Author: Andrew Throuvalas
Bulgaria
Jul 09, 2024 01:00

German Government Prepares To Sell Another $900 Million In Bitcoin

Monday marks Germanys largest single day for Bitcoin sales, going by on-chain data.

German Government Dumped $419,286,862 in Bitcoin Today, But Prices Surge Instead

Author: Abdulkarim Abdulwahab
United States
Jul 09, 2024 03:35

German Government Dumped $419,286,862 in Bitcoin Today, But Prices Surge Instead

The German government is showing no signs of relaxing its ongoing Bitcoin selloffs via crypto exchanges, market makers, and some…

The post German Government Dumped $419,286,862 in Bitcoin Today, But Prices Surge Instead first appeared on The Crypto Basic.

Jul 09, 2024 01:25

The German Government Is Selling More Bitcoin $28 Million Moves to Exchanges

The German government shifted another $56 million in Bitcoin to different platforms, continuing to offload portions of its massive Bitcoin trove and fueling volatility amid creditor payouts from Mt. Gox.

Altcoins Strategy Amid Crypto Market Crash: Analyst Insights

Author: Arslan Tabish
Estonia
Jul 08, 2024 02:30

Altcoins Strategy Amid Crypto Market Crash: Analyst Insights

Popular Youtuber and Crypto Analyst Michael recently released a video in which he explained the current crash in the crypto market and how it affects Bitcoin as well as Altcoins. Michaels observations are intended to help investors navigate through these challenging periods with the focus on the need to make sound decisions and understand markets. […]

Jul 06, 2024 01:45

German MP Criticizes The Governments Hasty Bitcoin Sell-Offs, Urges HODLing BTC As A Strategic Reserve

Joana Cotar, a pro-Bitcoin member of the German Bundestag, has publicly slammed the government's decision to hastily sell off its substantial BTC stack.

Jul 06, 2024 01:00

HODL Instead of Sell: German MP Criticizes Governments Approach of Selling Bitcoin

Cotar criticized the German government for selling Bitcoin, contrasting it with the US considering Bitcoin as a strategic reserve currency.

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