Germany

Ford Uses Blockchain Tech to Track ‘Green Miles’ Driven By Vehicles

The Ford Motor Company is looking into blockchain technology and geofencing to accurately track the number of “green miles” driven by its energy-efficient vehicles. Analyzing real-world benefits of energy-efficient vehicles On Oct. 15, Ford announced that it is expanding its European plug-in hybrid electric vehicle (PHEV) pilot project to Cologne, Germany. The United States car …

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Major German Coop Bank Passes Negative Interest Rates to Customers

<header class=”article__header”> </header> <strong>One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about passing on negative rates.”</strong> …

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German Finance Minister Supports Digital Euro, But ‘Very Critical’ of Libra

Germany’s federal finance minister has come out in support of digitizing the euro, but is against private currency projects like Facebook’s Libra. Speaking with local business news source Wirtschafts Woche, Minister Olaf Scholz said he remains “very, very critical” of Libra. However, an e-euro would be good for Europe’s financial system, particularly in the wake of economic …

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Blockchain Firm Helps Congo Mine to Fight Against Blood Diamonds

Berlin-based blockchain company, RCS Global delivers mine-to-market technology solutions to help fight against conflict minerals in the Democratic Republic of Congo. Not part of a blood-stained supply chain On Oct.1 Reuters reported that government officials in the Societe Miniere de Bisunzu’s (SMB) mine in Congo are using blockchain technology to assure its clients that the …

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Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide

<header class=”article__header”> </header> <strong>Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany.</strong> Also read: Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000 …

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Crypto News From the German-Speaking World: Sept. 22–28 in Review

The German-speaking world has experienced another week full of exciting developments in the crypto industry, with a Berlin-based fintech startup receiving $1.5 million to develop its own blockchain, German experts warning about Facebook’s crypto coin, and the Federation of German Industries asking the government to create suitable conditions for blockchain. Here is the past week …

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Major German Stock Exchange Group Launches Crypto Trading

<header class=”article__header”> </header> <strong>Boerse Stuttgart Group, which operates Germany’s second-largest stock exchange, has launched a regulated crypto trading platform, in partnership with Solarisbank. Customers can connect directly to the new exchange and trade bitcoin against the euro without a broker.</strong> Also read: Indian Parliament Member Helping Crypto Community Influence Regulation German Regulated Crypto Trading Platform …

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Iota Launches Decentralized and Autonomous Industrial Marketplace

Non-profit blockchain organization Iota Foundation has released a platform enabling a decentralized and autonomous industrial marketplace. World’s first autonomous and decentralized virtual marketplace  Dubbed the Industry Marketplace, Iota’s new product is a joint initiative that aims to accelerate industrial automation and commercial machine interaction, the organization announced in a blog post on Sept. 19. Serving …

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Germany Passes National Policy to Explore Blockchain But Limit Stablecoins

Germany’s government has passed a new strategy outlining the ways the leading EU state is planning to use blockchains. Approved by Chancellor Angela Merkel’s cabinet on Wednesday, the strategy sets the government’s priorities in the blockchain space, such as the digital identity, securities and corporate finance. It also sets out that the state won’t tolerate …

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European Countries Step Up Response to Facebook’s Libra

<header class=”article__header”> </header> <strong>The European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. As Facebook engages Switzerland’s financial regulator, the ECB clarifies how Libra can be regulated under EU laws.</strong> Also read: …

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