Category Archives: Germany

Auto Added by WPeMatico

Blockchain Defender Reports Distrust In Crypto Industry Is Still An Issue

Blockchain Defender Reports Distrust In Crypto Industry Is Still An Issue

A recent Blockchain Defender report claims that despite cryptocurrencies increasing market capitalization there is still a prevailing lack of public trust in the industry as a whole.

Despite the market cap hitting nearly $800 billion in January 2018, the report cited negative sentiments in many areas. The report essentially focused on market sentiments, trends, capitalization and comparisons with traditional exchanges in order to get an overall picture of how the industry is perceived.

To analyze market sentiment the report called upon search results in each country’s native language, finding that the most negative search results were found in the United States, followed by Germany, the United Arab Emirates and Japan. The actual sources of negative content were found to include social media platforms, blogs, crypto industry news websites, discussion forums, crypto review websites, and crypto company directories and websites.

The report also found that cryptocurrency exchanges had far less control over online sentiment than traditional exchanges. This was due to the level of ownership of the content with traditional exchanges own 34.38% of content compared to only 17.75% by cryptocurrency exchanges.

Blockchain Defender examined the data for a cryptocurrency which had been hacked last year with an examination of its popularity both before and after the hack and surmised that globally, the digital currency experienced an increase in negative content as a result of the hack and a drop in positive sentiments.

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Blockchain Defender Reports Distrust In Crypto Industry Is Still An Issue appeared first on BitcoinNews.com.

Germany’s #2 Stock Exchange Launches Bison Crypto Trading App

Germanys No. 2 Stock Exchange Lunches Crypto Trading App, Bison

The second largest stock exchange in Germany has announced the official launch of its new cryptocurrency trading platform called Bison.

Börse Stuttgart Group enlisted developers from its digital ventures subsidiary FinTech Sowa Labs to create the exchange, citing its goal as an attempt to make cryptocurrency trading easy for investors that are used to traditional marketplaces.

In this initial launch, the smartphone application allows zero-fee trading of Bitcoin, Litecoin, Ethereum, and Ripple, offering a custodial service and escrow system from an additional subsidiary group, Blocknox.

Bison was first announced in May 2018. Its ambitious target launch date of fall 2018 was missed by months.

Users will need a German checking account to access Bison services, which for right now, will only be accessible from 6:00 a.m. to 12:00 a.m. CET. Stuttgart Börse shared ambitions of opening up access to European countries towards the end of the year.

Other major stock exchanges have also shared ambitions of launching simal platforms; both the Stock Exchange of Thailand and the New York Stock Exchange have plans in motion to develop their own products. The London  Stock Exchange Group is aiding Hong Kong officials to develop their own digit asset exchange.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Germany’s #2 Stock Exchange Launches Bison Crypto Trading App appeared first on BitcoinNews.com.

Belarus Turns up the Heat on Crypto as Business on Fire in Minsk

Belarus is alive and well in the world of cryptocurrency as high tech and crypto companies choose the former Soviet Republic as the new place to do business in the region.

The Belarus Hi-Tech park in Minsk is fast becoming a fintech center with 388 companies now registered as conducting business there. Much of the new interest in fintech in the country has been put down to Belarus President Lukashenko’s Decree №8 signed in December of 2017 called “On the Development of the Digital Economy” which has attracted new business to Belarus firmly set as its main aim.

Now that Belarus has legalized cryptocurrency trading for residents, many related businesses have been attracted to the park despite the majority of companies working in the IT and software sectors. Blockchain company Aetsoft, which provided services to ICOs and exchanges since 2014, is one of such businesses dealing with clients in the US, Germany, and Denmark. Another company, Biggico, whose international team has built an advertising platform for crypto projects, was established by Belarusian and Latvian entrepreneurs.

Other companies now operating out of Belarus, currently developing cloud-based crypto mining facilities include Pm Pool and Smartpool. Another company, Aiscom offers cryptocurrency payment solutions to exchanges, wallet providers and ICO projects.

The country has no intention of being left behind in the region. As reported by local news outlet Korea JoongAng Daily, the deputy foreign minister and ambassador of Belarus Andrei Dapkiunas told reporters that the European nation is open to investment into Fourth Industrial Revolution (4IR) technologies; this includes blockchain, Artificial Intelligence (AI), Robotics and the Internet of Things (IoT).

Belarus recently expressed interest in strengthening economic and business ties during a recent working visit to Seoul, particularity in the fields of fintech and blockchain technology. Diplomats from Belarus are keen to extend the cooperation between the two counties to promote new projects in the country.

Although the Hi-Tech park currently lacks cryptocurrency exchanges, what has been called “the first Belarusian cryptocurrency exchange” launched by crypto platform Crexby, is ironically based in New York City rather than its natural home of Minsk. The platform was started by Belarusian immigrants living in the US.

The main reason behind a lack of exchanges operating out of Belarus has been put down to the government’s lukewarm attitude toward digital currency, combined with local financial institutions’ reluctance to support cryptocurrency transactions and work with exchanges. More government clarity regarding cryptocurrency has been called for by both cryptocurrency exchanges and companies selling related products.

 

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Belarus Turns up the Heat on Crypto as Business on Fire in Minsk appeared first on BitcoinNews.com.

German Central Bank Hails “Success” of Two Blockchain Trials

Germany’s central bank, Deutsche Bundesbank, has successfully completed two blockchain trials during its collaboration with Deutsche Börse, owner of the Frankfurt Stock Exchange.

The two blockchain prototypes were designed to test the technology’s potential in securities settlements, transactions, and payments, as well as bond repayments.

A joint press release on Thursday reveals that these aims were ”successfully” achieved, with the prototypes facilitating “productive operation of a realistic financial market infrastructure”.

Developed on Hyperledger Fabric and created by Digital Asset, the prototypes come from a joint blockchain research project dubbed BLOCKBASTER. The collaboration came together with the goal of developing a blockchain framework to transfer and settle securities and fiat currency.

The press release pointed to the recent upgrades on both Hyperledger Fabric and Digital Assets, saying they may well benefit the performance or the prototypes further if they are updated.

Berthold Kracke, CEO of Clearstream Banking and head of Clearstream Global Operations at Deutsche Börse Group, praised the tests for proving that blockchain can be the basis for financial settlement applications, as well as potentially for other financial infrastructures.

Burkhard Balz, member of the executive board at Deutsche Bundesbank, said that the positive results have encouraged them to continue experimenting with relevant blockchain use cases and pursue the implementation of the two prototypes further, citing that in particular, he sees a future use for them in processing ”high-volume applications”.

Blaz noted that permissioned blockchains have proven to serve the needs of the financial sector well, while Kracke finished, ”We are very happy with the results of the project… we were able to tailor the product to the needs of the industry.”

Deutsche Bundesbank is not the only central bank conducting blockchain tests, with the likes of Canada and South Africa already hosting similar trials.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post German Central Bank Hails “Success” of Two Blockchain Trials appeared first on BitcoinNews.com.

LocalBitcoins Takes off in Argentina and Venezuela as Inflation Rockets

October 2018 has seen record Bitcoin trading volumes on peer-to-peer platform LocalBitcoins in Argentina and Venezuela.

Given the economic crisis in both of these South American countries, BTC has fast become a financial refuge for many nationals, with the governments of both Mauricio Macri and Nicolás Maduro struggling to save their economies from going under from highly unsustainable inflationary situations.

Such is Bitcoin’s current impact on both of these nations at present, blockchain voting project Democracy Earth developer Santiago Siri, has suggested that the Argentinian Central Bank should place up to one percent of its national reserves in Bitcoin.  BTC has become a veritable safe haven with ATMs now becoming widespread to cater for demand, and significantly more merchants across the country accepting Bitcoin as payment

Argentina, which is now on the IMF help list of struggling economies needing financial aid, has seen LocalBitcoins recently post a record trading volume of almost $9 million BTC on its platform as the peso continues its nosedive against the US dollar.  Since April, the number of bitcoins transacted using LocalBitcoins increased from 13 to 33, 153% in just a few months.

The inflation rate in Venezuela under Maduro is almost impossible to keep up with, such is its persistent decline. The Petro, brought in as a panac