Deutsche Telekom, Europe’s largest telecom provider, has entered the Bitcoin mining industry with an eco-conscious project leveraging surplus renewable energy. Named “Digital Monetary Photosynthesis,” the project aims to test how to utilize the surplus of Germany’s expanding yet unpredictable renewable energy resources, such as wind power, to power bitcoin mining ...
21Shares, a Zurich-based asset management and investment firm, is urging the European Securities and Markets Authority (ESMA) to introduce clearer guidelines regarding the inclusion of crypto assets in the UCITS (Undertakings for Collective Investment in Transferable Securities) framework. In a press release published on October 7, the firm pointed out ...
Sam Altman-led blockchain-based Universal ID project, Worldcoin, is reportedly shifting its focus from Europe to Asia. At a recent tech summit, Fabian Bodensteiner, managing director of Worldcoin's European subsidiary, explained that the project is now concentrating on markets more receptive to technological innovation. He emphasized that Europe is no longer ...
Stripe, the online payment behemoth, has expanded its digital asset services to European customers. As of July 16, 2024, consumers across the European Union can now purchase Bitcoin, Ethereum, and other cryptocurrencies using Stripe-issued credit or debit cards. According to a report from The Irish Independent, Stripe has introduced a ...
German Bitcoin mining and cloud computing firm Northern Data AG is reportedly planning an initial public offering (IPO) in the United States, with ambitions to achieve a valuation of up to $16 billion. This information comes from a Bloomberg report published on July 1, citing sources familiar with the matter. ...
The Turkish ruling party, the AK Party, has reportedly submitted a draft bill to parliament in a bid to update the laws governing the country's cryptocurrency market. According to Reuters, the bill aligns with international standards and emphasizes licensing and registration for crypto service providers. It also focuses on enhancing ...
On October 17, 2023, the European Union Council approved a crucial revision to the Directive on Administrative Cooperation (DAC) with the goal of simplifying tax reporting for cryptocurrency transactions. This latest update, referred to as "DAC8," marks the eighth revision, with each previous directive addressing distinct aspects of financial oversight. ...
