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‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament

‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU ParliamentLawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators Approve Draft Law Implementing the Basel III Capital Regulations for Banks Members of […]

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Binance Processed $346 Million for Crypto Exchange Bitzlato, Report Claims

Binance Processed 6 Million for Crypto Exchange Bitzlato, Report ClaimsCryptocurrency exchange Binance has reportedly processed nearly $346 million in crypto transactions for Bitzlato, the coin trading platform that was shut down in an international law enforcement operation. U.S. authorities say the world’s largest trading platform for digital assets was among Russian-owned Bitzlato’s major counterparties. Blockchain Data Indicates Binance Moved Over 20,000 BTC for Bitzlato […]

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Bitzlato Executives Arrested in Europe, Exchange Laundered €1 Billion, Europol Says

Bitzlato Executives Arrested in Europe, Exchange Laundered €1 Billion, Europol SaysEuropean law enforcement authorities have detained four more members of the executive team of crypto exchange Bitzlato, Europol announced. According to the police agency, nearly half of the funds processed through the platform were associated with various criminal activities. Bitzlato Senior Management Targeted in Europe, Exchange Infrastructure Dismantled High-ranking executives of the recently busted Bitzlato […]

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Bitcoin B logo lights up Germany’s tallest building in Berlin

Berliners could see the Bitcoin B projected onto the Berliner Fernsehturm tower on January 21.

The Bitcoin (BTC) logo lit up the night sky in Berlin this weekend, adorning Germany’s tallest building with a giant orange B.

Source: Twitter

On January 21, the Bitcoin logo illuminated the Berliner Fernsehturm tower–known as the TV Tower. German Bitcoiners took to Twitter and social media to share photos and videos of the illumination, then shared by prominent Bitcoin Twitter accounts.

The man behind the B, a German Bitcoiner called Tilo told Cointelegraph why the idea came to him:

 "We just want to call attention on bitcoin! We’re fans of Guerilla actions like this and will keep on track."

Tilo is CEO of an events agency that will host the "Best of Blockchain" conference this year. He explained that the process is simple for setting up light displays: “what you need is a mixer, power station, special Bitcoin logo,” in one of the comments.  Tilo had tried the process at the end of last year, "But the beamer I used was too weak," he explained. 

It’s not the first time the Bitcoin logo or themes have been projected onto iconic buildings. In May 2021 in London, “Fiat is the bubble, Bitcoin is the pin,” was projected onto the Bank of England.

Tilo had previously beamed Bitcoin slogans onto the iconic Berlin wall and had shared an inventory of products required to coordinate illuminations for those interested in trying it out. However, he insists that these kind of "advertisements" are not technically allowed, so it's best to tread with caution.

The Bitcoin B on the Berlin Wall. Source: Twitter

Whereas the Reddit group for Bitcoiners in Germany celebrated the event with a chain of comments saying “Noice,” the subreddit for Berlin residents took a different approach. One commenter criticized the light display as “Light pollution,” whereas another hope that “It [Bitcoin] never catches on.” They continued:

“Bitcoin is turbo capitalism without limits and morals, every six months disguised in a different guise and motto.”

The price per Bitcoin now sits comfortably in the $20k range having surged from the mid-teens, while network security recently hit all-time highs. The hash rate, or the number of searches performed by Bitcoin miners per second, recently punched through to 300 Exahash per second.

Related: Coinbase CEO urges Bitcoin legal tender for Brazil, Argentina — Reaction

Moreover, the number of Bitcoin users worldwide is into the millions, while the developing world is beginning to research and take advantage of Bitcoin’s decentralized and sovereign properties. In Germany’s capital, Berliners can use Bitcoin to pay for Subway sandwiches over the Lightning Network.

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Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy

Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk PrivacyThe ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure future users that the new currency will be “preserving privacy by default and by design.” Eurogroup to Remain Involved in […]

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Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says

Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official SaysInterest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the European Central Bank (ECB) has indicated. His statements follow the latest rate increase announced by the monetary authority last week and revised projections showing higher than previously expected inflation in Europe ahead. ‘We Have No Choice But […]

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Time for Serious Global Crypto Regulation, Germany Says

Time for Serious Global Crypto Regulation, Germany SaysGermany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin President Convinced Self-Regulation Won’t Work for Crypto The […]

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Brussels to Spur Rollout of Instant Payments in Euro, Proposes Legislation

Brussels to Spur Rollout of Instant Payments in Euro, Proposes LegislationThe European Commission has approved a proposal to accelerate the introduction of euro instant payments. The technology is there and Europeans should be able to send and receive money immediately, the executive body said, revealing its intentions to push the industry toward wide adoption. EU Moves to Make Instant Payments Widely Available Throughout Europe A […]

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EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy

EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian EnergyAuthorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying to lower. New energy efficiency labeling is to address the growing electricity usage in the crypto sector. EU to Develop Energy Efficiency Label for […]

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Localbitcoins, Crypto.com, Other Providers Suspend Services for Russians Under EU Rules

Localbitcoins, Crypto.com, Other Providers Suspend Services for Russians Under EU RulesComplying with the latest EU sanctions targeting Russia, well-known cryptocurrency platforms like Localbitcoins, Blockchain.com, and Crypto.com have started to restrict or terminate services for Russian accounts. The moves follow the adoption of new European penalties in response to Moscow’s military escalation in Ukraine. Major Crypto Platforms Conform to EU Measures, Restrict Services for Russian Users […]

Bybit Expands in CIS Region With Kazakhstan License for Crypto Services