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German Government Collapses, Plunging Economy Into Unprecedented Uncertainty

German Government Collapses, Plunging Economy Into Unprecedented UncertaintyGermany’s economic troubles deepen as the ruling coalition disintegrates, exacerbating issues like shrinking investment and consumer confidence. Chancellor Olaf Scholz dismissed Finance Minister Christian Lindner, signaling a potential snap election. Germany’s economy, already struggling with high energy costs and lagging EU growth since 2018, is expected to contract for a second consecutive year, making it […]

Polter hit by flash loan attack, man gets 24 years for scam: Crypto-Sec

Boerse Stuttgart Unveils Insured Ethereum Staking on Bison Platform

Boerse Stuttgart Unveils Insured Ethereum Staking on Bison PlatformEuropean exchange group Boerse Stuttgart has announced a major step into Ethereum staking, offering users a secure, insured way to earn passive income through its Bison trading platform. By partnering with top German firms, Bison enables staking for as little as 0.005 ETH with weekly rewards. The service, currently only in Germany, promises annual returns […]

Polter hit by flash loan attack, man gets 24 years for scam: Crypto-Sec

Commerzbank Partners With Deutsche Börse’s Crypto Finance to Expand Crypto Services

Commerzbank Partners With Deutsche Börse’s Crypto Finance to Expand Crypto ServicesCommerzbank, one of Germany’s largest banks, has partnered with Deutsche Börse subsidiary Crypto Finance to offer secure bitcoin and ether services to its corporate clients. The collaboration focuses on seamless trading and custody solutions, ensuring regulated access to digital assets for select clients in Germany. This marks an important step towards broadening institutional crypto services […]

Polter hit by flash loan attack, man gets 24 years for scam: Crypto-Sec

Boerse Stuttgart Digital, DZ Bank Expand Crypto Access to 700 German Banks

Boerse Stuttgart Digital, DZ Bank Expand Crypto Access to 700 German BanksBoerse Stuttgart Digital is collaborating with DZ Bank to bring secure cryptocurrency trading and storage to over 700 cooperative banks across Germany. The move marks a significant step toward mainstream crypto adoption in Europe, with banks now offering regulated crypto services to retail customers. This collaboration will help meet the growing demand for digital assets, […]

Polter hit by flash loan attack, man gets 24 years for scam: Crypto-Sec

German Authorities Shut Down 47 Crypto Exchange Services in Cybercrime Crackdown

German Authorities Shut Down 47 Crypto Exchange Services in Cybercrime CrackdownGerman authorities have dismantled 47 exchange services involved in facilitating anonymous crypto transactions for criminal activities. These platforms bypassed anti-money laundering protocols, enabling cybercriminals to exchange digital currencies without identity verification. The takedown follows a series of other operations targeting major cybercrime networks. With seized user and transaction data, authorities are set to pursue further […]

Polter hit by flash loan attack, man gets 24 years for scam: Crypto-Sec

German Authority Seizes 13 Unauthorized Crypto ATMs

German Authority Seizes 13 Unauthorized Crypto ATMsGermany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal transactions and posed money laundering risks. Under German law, trading currencies, including cryptocurrencies, without proper authorization is illegal, with violators facing up to five […]

Polter hit by flash loan attack, man gets 24 years for scam: Crypto-Sec

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.

Germany’s Federal Financial Supervisory Authority (BaFin) has launched a crackdown on crypto ATMs and seized 13 of these automated cash kiosks from 35 locations, the government regulator announced on Aug. 20.

The German financial regulator conducted the seizures in conjunction with the Federal Criminal Police Office, local law enforcement and Germany’s Bundesbank.

According to the government bureau, the ATM operators “illegally installed” the machines and failed to register them under Section 32 of the Banking Act. BaFin claimed that the exchange of euros to cryptocurrencies or vice versa breached the Banking Act.

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Polter hit by flash loan attack, man gets 24 years for scam: Crypto-Sec

Privacy Concerns Worry Germany About the Possible Implementation of a Digital Euro

Privacy Concerns Worry Germany About the Possible Implementation of a Digital EuroWhile the European Central Bank is studying the possible issuance of a Europe-wide CBDC, the digital euro, not all Europeans are fully behind this idea. Germany is particularly concerned about the privacy aspects of this implementation, as most transactions and payments are still made using cash, and citizens are reluctant to share their personal information. […]

Polter hit by flash loan attack, man gets 24 years for scam: Crypto-Sec

Privacy Fears Undermine Support for Digital Euro in Germany

Privacy Fears Undermine Support for Digital Euro in GermanySkepticism about the digital euro is strong in Germany, especially among older citizens who prioritize privacy and security in financial transactions. Many Germans remain resistant to the idea of a digital currency, with about half unable to imagine using it. Bundesbank President Joachim Nagel has called cash “sacred” in Germany, reflecting deep-rooted concerns about losing […]

Polter hit by flash loan attack, man gets 24 years for scam: Crypto-Sec

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

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

Nudge is launching a new decentralized finance (DeFi) protocol on Ethereum designed to unlock the economic value hidden in users’ wallets, it told Cointelegraph on Aug. 15. 

It aims to create a two-sided marketplace where Web3 protocols pay users incentives — or “Nudges” — to redirect onchain assets, liquidity and engagement.

Nudge will unleash a new DeFi primitive called “Re: allocation Value” that represents the economic value of users’ onchain activities, according to the company.

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Polter hit by flash loan attack, man gets 24 years for scam: Crypto-Sec