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Treats Bitcoin as legal tender. Does not tax small purchases made with bitcoin. Last updated: June 3, 2018.

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Germany: Leading Airline Issues Blockchain-Enabled Air Ticket

In a press release issued on November 18, 2019, Germany-based Hahn Air announced that it had issued a real-world ticket enabled by blockchain technology on an open-source travel distribution platform named Winding Tree. First Blockchain-Ticket Issued Distributed ledger technology (DLT) has often been dubbed as a game-changer for myriad industries across the world – mostRead MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Crypto Finance AG expands its crypto-asset storage business to Germany

Crypto Finance AG, a blockchain asset-related holding company founded in June 2017, announced that it has expanded its Crypto Storage AG subsidiary into Germany with a new office in Frankfurt. With a base in Frankfurt in 2019, Crypto Storage is establishing its technical infrastructure in Germany to enable an offering of secure digital asset storage […] CryptoNinjas: Crypto Finance AG expands its crypto-asset storage business to Germany
CryptoNinjas

Why Germany Is a Terrible Choice for the Newest Tesla Gigafactory

Elon Musk said the company will be opening its new Gigafactory in Germany. Manufacturing in Germany is expensive and European car sales are weakening. Tesla doesn’t have enough cash to fund its product pipeline. In typical Elon Musk fashion, the billionaire tech mogul took to Twitter to announce that Tesla will be setting up a […] The post Why Germany Is a Terrible Choice for the Newest Tesla Gigafactory appeared first on CCN Markets
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Germany Forces Apple to Allow Mobile Payment Competition on iPhones

In the technology industry, Apple has built up a reputation for being protective of its NFC hardware. In Germany, that attitude will no longer fly, as a new law has been introduced.  Apple is not intent on giving third parties access to the NFC chips inside of its iPhone models. Apple Faces a Setback in Germany That has been the case for many years now, and might not necessarily change in the future.  In Germany, however, the company will have to adhere to the law. A new law, dedicated to the NFC chip in iPhones, has passed this week. As part of the law, the technology giant will have to let other mobile payment services access the NFC chip. This will, in return, allow these companies to properly compete with Apple Pay.  This decision is remarkable for many different reasons. Apple initially decided to let some third-party apps use its NFC chip. That list has never included mobile payment apps, as they would directly compete with Apple’s own payment solution.  As a result, there is a degree of unfair competition when it comes to conducting mobile payments with an iPhone.  This new law marks an important milestone, as this “struggle” for control has gone on since early 2016.  Three years later, some noteworthy progress has been made at last.  In a response, the technology giant indicates how this process can be harmful.  They are also surprised as to how quickly this piece of legislation has been passed.  It is now up to other countries – both in Europe and the rest of the world – to follow Germany’s suit in this regard. The post Germany Forces Apple to Allow Mobile Payment Competition on iPhones appeared first on NullTX.
NullTX

Germany Barely Avoids Recession, Economy Remains Stagnated

The German economy, the largest and most influential in Europe, narrowly missed falling into recession last quarter. But with quarterly GDP growth averaging a little over 0% since the third quarter of last year, the Old Continent’s economic powerhouse is facing stagnation. Also read: Germany’s Financial Crisis Invokes 5-Year Rent Freeze Dodging Recession by a Hair With a seasonally adjusted 0.1% gross domestic product (GDP) growth in Q3 over the previous quarter, the German economy has surprised analysts who expected it to shrink by 0.1%. The good news comes on top of a revised estimate for Q2, from 0.2 to 0.1% contraction. In Europe, the generally accepted definition of a recession refers to two consecutive quarters of negative growth, measured on a quarter-on-quarter basis. About the same time last year, Germany barely escaped recession when its GDP fell by 0.2% in the third quarter but then stopped at exactly 0% in the fourth. According to the country’s official statistics, increased spending by German consumers and the government has helped the economy stay afloat this time. Between July and September, both household and government expenditure rose, the Federal Statistical Office Destatis announced. The agency also noted that exports have increased, despite continuing trade tensions, while imports pretty much remained at the levels from the previous quarter. At the same time, construction registered positive indicators. All this was just enough to compensate for the lower German industry figures. Any positive developments in Germany inevitably affect the rest of Europe. The Eurozone, the area of the monetary union of 19 EU member states, grew by 0.2% in Q3, according to Eurostat. This growth equals the one in the second quarter of 2019 but is still weaker than the growth recorded during the first three months of the year, 0.4%. China is a different story, however, one that overshadows the modest German recovery. The ongoing trade war with the U.S. is taking a toll on the People’s Republic and the Chinese economy continues to slow down. China’s fixed-asset investment growth was only 5.2% year-on-year in the first 10 months of 2019, the National Bureau of Statistics announced Thursday quoted by Xinhua. The indicator, which reflects capital spent on infrastructure, property, and machinery, is at a record low level. Meanwhile, investment in the private sector increased 4.4% in October, or 0.3 percentage points less than during the first nine months, which suggests that Chinese companies are more reluctant to make new investments. Industrial production rose 4.7% year-on-year last month, compared to 5.8% in September. Yearly growth in retail sales was 7.2% in October, a 16-year low. Stagnation Still an Issue Germany’s narrow escape from recession is not a reason for too much optimism. With an annual growth of only 0.5% in Q3, the German economy is effectively stagnating. Since the third quarter of last year, GDP growth has been averaging around 0.1% quarter-on-quarter. And after maintaining the lowest unemployment rate in the past four decades for the better part of this year, at 3.1 – 3.2%, unemployment in October has been estimated to reach 5%. According to Carsten Brzeski, chief economist at ING Germany, the country’s economy “can still be divided into two worlds: the depressive world and the happy-go-lucky one. In the depressive world, there are very few signs of an imminent bottoming or recovery of the manufacturing sector since the summer of 2018. The sector is facing and will continue to face cyclical challenges, as ongoing trade conflicts, Brexit uncertainty and slower Chinese growth, along with structural challenges, disrupt the automotive industry,” he predicted in an article published by the Dutch banking giant. “In the happy-go-lucky world, private consumption remains solid on the back of low inflation, low interest rates and a still-strong labour market. The construction sector keeps on booming and the government is also inserting some fiscal stimulus,” Brzeski added, quoted by the Guardian. “The main question, however, is how long the happy-go-lucky world can resist the negative impact from the depressive world. The latest developments suggest that the protective shield has started to crumble,” the expert warned. Do you think Germany will enter into recession in 2020? Share your expectations about the future of Europe’s largest economy in the comments section below. Images courtesy of Shutterstock. Are you looking for a secure way to buy bitcoin online? Start by downloading your free bitcoin wallet from us and then head over to our Purchase Bitcoin page where you can easily buy BTC and BCH. The post Germany Barely Avoids Recession, Economy Remains Stagnated appeared first on Bitcoin News.
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DIGEST

Updates on Shift Card, Bank of Lithuania and ETF rules in Indonesia, police to tackle some crimes in Canada India and Turkey, IIT Bombay to join Ripple's UBRI, UAE waste permit portal on blockchain, Germany's interest and Spain's skepticism, Oracle for Czech SDK.finance

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DIGEST

All in this week’s News Digest: McAfee still has a lot of faith in crypto, Robert Shiller explains the roots of this faith, more new exchanges are coming, an investigation into Bitcoin price manipulation, and Verge is hacked again.

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Bitcoin Gold Rush, ShapeShift FOX, Binance In India, CFTC + Libra & Ripple + Oxford

My Second Channel: https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA ---------------------------------------------------------------------------- Support Me On Patreon! https://www.patreon.com/TheModernInvestor ---------------------------------------------------------------------------- Protect And Store Your Crypto With A Ledger Nano: https://www.ledger.com?r=8af3ed38d3b7 ----------------------------------------------------------------------------- Want To Send Me A Tip? Bitcoin Donations Address: 1BYhrLpntMYW97sd8K6fquTcr5MYwPAe2y Ripple (XRP) Donation Address: rsoKR5VHJx84oMTYbS7tWg7g5aFebYirVi Ethereum / KIN / OmiseGo Donation Address: 0x0e5f5CEFaA9A0713AB6D8F79E6679E22d86C21f6 ----------------------------------------------------------------------------- Open An Account With Binance! https://www.binance.com/?ref=22170588 ------------------------------------------------------------------------------ Buy Bitcoin And Ethereum With Fiat On Binance! https://www.binance.je/?ref=35009618 -------------------------------------------------------------------------------- Follow Me On Facebook ! https://www.facebook.com/TheModernInvestor https://www.youtube.com/channel/UC-5HLi3buMzdxjdTdic3Aig Follow Me On Twitter: https://twitter.com/ModernInvest ---------------------------------------------------------------------------------- Very Special Thanks To My Patreon Supporters: Professor Wally From Gunbot University Liam O'Cashidey Cory Stevens RTC 2021 Forex Lens Inc Auspicious Agile & Blockchain Yet Another Nick Bitsource AML Solutions Chris Charles Roman Geber David Chosrova Stuart Niven Larry Gooch Tyler Winklevoss NBKrypto Steven Harper Ulf Fatman Josefsson Mohammad Tabbaa Brian Vaci Jeffrey Pete Mozar Cryptocurrency Logic Jonathan Robert Kraus Josh Gorcyca K9 Ytrup Crypto Jedi Truls Lee 3000 O. Tom Chhuong Kaneko Tomonori Sir Thomas11_11 Mike McCarty Crypto And Beer Shipmate ZEN Lunacy VV Nicola Kenny Mr. Smith Joey The Happy Farmer Damien Walker ---------------------------------------------------------------------------------- Photo Credit To: https://blog.providentmetals.com/wp-content/uploads/2017/03/shutterstock_537448696.jpg
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ShapeShift Launching FOX Coin to Compete on ERC-20 Market

Coinspeaker ShapeShift Launching FOX Coin to Compete on ERC-20 MarketThere are many utility tokens on the market, some of them left from the “golden ICO era” of 2017, some of them came later. Every time a smart investor is looking at a new project, he thinks – a token again? Yes, one more token, this time coming from the veterans of the industry.To compete with Binance‘s Binance Coin and Bithumb Coin that has been recently officially launched by Bithumb, you need something special. Since Erik Voorhees, CEO and founder of ShapeShift, is not an ordinary person, having connections all over the industry, he has prepared a gift so unique you won’t be able to resist it. When registering on the platform, a user automatically gets 100 FOX tokens. He then can hold them within the account, which will grant $10 in free trading volume per token per month.Voorhees says that his company was thinking about launching their coin since 2017. No wonder, considering this year can be named the most profitable to scammers, thieves, and even idiots. You cannot trade with losses when the market is rising all year long, right? Finally, after 2,5 years of thinking about the creation of coin, ShapeShift made it.FOX Token Won’t Use Own BlockchainAs you may already notice, the new cryptocurrency – ERC-20 Ethereum token, is some token with high liquidity and a small area of using. It touches the lives of bitcoiners around the globe in a speedy, hardcore manner to make them leave custodial exchanges. The company will gather everything around being a non-custodial wallet. Erik noted:“We’re hoping that this will help marginally move some people away from custodians and be more comfortable with the non-custodial model.”Voorhees thinks that it is OK that the new coin won’t have its own blockchain. Its purpose is pretty limited, so there is no need for expensive mining equipment or video blades to perform well in mining, trading or staking this new asset. He also claims that Shapeshift will allow you to claim more benefits from staking in the future months, using the FOX. The service says that the new money will be used in different use cases, including the goal of shifting users from centralized exchanges to this new ideology. “ShapeShift’s goal is to make self-custody a seamless and enjoyable experience because this will help the world move toward self-sovereign finance and away from fiat,” added he.ShapeShift Can Provide the Liquidity You NeedThere is no other crypto custodian that will let you hold your coins as a self-custodian and trade for free at the same time. Only SS can process large amount of clients on their servers. Thousands of people are fleeing to the company every day, but many leave due to the KYC measures. What made this “fleeing” so special is that they buy cryptocurrencies and sell them so that the market moves somewhere.“This has nothing to do with establishing a new chain. Basically, we’re trying to get people away from custodial exchanges. This is an endemic problem in the crypto world that was a problem in 2011 when I first got involved, and it’s still a problem. So, we realized that to solve that, we had to provide all that stuff in one place,” said Voorhees.ShapeShift Launching FOX Coin to Compete on ERC-20 Market
Coinspeaker

USDT Transfers in Ethereum Up 6,000% in 2019

Tether (USDT) dominance in Ethereum is on the rise according to GlassNode, an on-chain market intelligence firm. Cumulatively, the amount of USDT transacted in Ethereum exceeds $100 billion, a 6,000% rise since early 2019. USDT is a stablecoin that is pegged 1:1 against the USD and several fiat currencies. It is officially issued by Tether Limited, a company that has links with Bitfinex, a Hong Kong-based cryptocurrency exchange. USDT Statistics in Ethereum #Tether adoption on #Ethereum still on the rise: $USDT cumulative on–chain volume just surpassed 100 billion USD. That's an increase of more than 6000% since the beginning of 2019. pic.twitter.com/eoPKG9pEfq — glassnode (@glassnode) November 19, 2019 With the shift to Ethereum, USDT transactions are now more active and even harder to track. Combined, Tether’s smart contracts have spent over 2,000 ETHs in Gas as per data from ETHGas Station. This translates to $367k paid as fees with each transaction billed at 21.1 GWei. It is over 10X more than those paid by IDEX smart contracts. There are 562,969 USDT holders generating 11,734,646 transfers pushing Tether’s diluted market cap to $2.03 billion. Overall, the token circulating supply stands at $4.12 billion with a market cap of $4.124 billion at the time of press. USDT Token Holders At this rate, USDT smart contracts burn 10.49% of all Gas with average GWei fluctuating depending on supply and demand forces. When there is a noticeable rise or fall in Bitcoin prices, USDT activity tends to spike. Tether Limited’s Objective According to a circular from Tether Limited, the company has made headway in allowing users to send value over the blockchain without the inherent risk of volatility and complexity associated with free floating cryptocurrencies. By rolling out a stablecoin on Ethereum and complying with the ERC-20 standard, a guide used by most fungible tokens generated on the smart contracting platform, users enjoy faster confirmation times, low transaction fees than they would have on the Omni Protocol. ETH Falls to Third Place Earlier, a report by Bloomberg revealed that USDT was rapidly catching up with ETH and BTC as a preferable means of payment. Statistics published by CoinPayment showed that USDT popularity surged 30% as merchants were attracted to the token’s non-volatility and low transaction fees. BTC related payment shrunk to 60% from 80% with ETH dropping to third as USDT climbed to second. The post USDT Transfers in Ethereum Up 6,000% in 2019 appeared first on Coingape.
CoinGape

Bitfinex Announces Strategic Collaboration with ODEM to Expand Cryptocurrency and Blockchain Education

Zug, Switzerland, Nov. 21, 2019 (GLOBE NEWSWIRE) -- (via Blockchain Wire) ODEM SA and Bitfinex, a state-of-the-art digital asset platform, are excited to announce a strategic cooperation introducing a new model of education on the role of digital tokens in the blockchain-enabled economy. The idea is to provide an innovative token transaction simulation model, designed and operated by ODEM, using Bitfinex as its premier liquidity platform. Together, they will launch a series of programs and courses aiming at increasing the level of education of both novice and advanced Bitfinex users who are interested in obtaining more knowledge about the technical features of digital tokens. In conjunction with these educational programs, ODEM will launch a full simulation of its education marketplace. Bitfinex will provide the liquidity for ODEM transactions, reflected through ODEM's smart contracts. This way, Bitfinex users purchasing educational programs on the ODEM Marketplace using the same credentials as on Bitfinex will be able to view their ODEM Token transactions on Bitfinex's order book. "We're excited to be the first to market with completely mirrored fiat-to-crypto trades in our education and employment marketplace," said Richard Maaghul, CEO at ODEM. "Mirroring blockchain transactions allows users to view their payment activity reflected through our smart contracts in real-time and viewable through Etherscan.io. Transactions conducted by ODEM's Token simulation are fueled by liquidity provided by Bitfinex. With their support ...Full story available on Benzinga.com
Benzinga

Polymath building new security token blockchain platform on Substrate

The team of Polymath, a platform for security token issuance and management, declared back in back in March of this year during Consensus New York, that it had begun work on building a new base layer public blockchain from the ground up – codenamed Polymesh. Now, Polymath has announced that it is building Polymesh on […] CryptoNinjas: Polymath building new security token blockchain platform on Substrate
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