Commerzbank: Future of Bitcoin is an 'Open Question'
Blockchain technology constitutes a "genuine revolution" in how decentralized systems are run, Commerzbank said in a March report. Authored by global equities economist Peter Dixon, the report touches on both bitcoin as well as its underlying blockchain technology. Exploring both the benefits and risks of the emerging technology, Dixon writes: "From a systems perspective, the blockchain is a genuine revolution. In theory, therefore, it offers the possibility of eliminating many of the risks associated with the conventional ledger system." Because one of....
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Deutsche Boerse invests $12 million in new holding company 360X to develop blockchain-based digital marketplaces featuring NFTs. German securities marketplace Deutsche Boerse and major bank Commerzbank have jointly invested in a new holding company which plans to focus on blockchain technology and digital assets.Deutsche Boerse announced Thursday that the company and Commerzbank entered a strategic partnership with fintech firm 360X to develop new blockchain-based digital marketplaces and existing real asset classes like art and real estate.A representative from Deutsche Boerse confirmed....
A spokesperson for Commerzbank confirmed to local media that it applied for the license with BaFin earlier this year in a first for a major bank in Germany. One of the largest banking institutions in Germany has confirmed it applied for a local crypto license earlier this year, marking the first time a major bank has made a move toward cryptocurrencies in the country.A spokesperson from Commerzbank confirmed to local media outlet Börsen-Zeitung on April 14 that it “applied for the crypto custody license in the first quarter of 2022.” If approved it would be authorized to offer exchange....
A new report reveals that more than 300 banks in Germany are now charging some customers negative interest rates. Some are big global banks, including Deutsche Bank, Commerzbank, and ING. 300 Banks Pass on the Burden of Negative Interest Rates to Customers Banks in Germany have been increasingly passing on the burden of negative interest rates to their clients after the European Central Bank (ECB) adopted a negative interest rate policy. After lowering one of its key interest rates into negative territory in June 2014, the ECB then lowered the deposit facility rate incrementally until it....
As DeFi sees its first M&A, we’re left with a big question: How do you value an open-source project in a very new industry?
The bitcoin price reached a new "high" over the weekend at $260 per coin, and all one can do is ask the age old question, "Now what?" It's a strange thing to ask, when one really thinks about it. Do we ask it because we believe the person next to us is a fortune teller or a psychic who can predict the future? Is it because we assume they are more knowledgeable and can therefore steer us in the right direction? Well, regardless of why one asks the question, it can be rather exasperating when we discover that the person or persons we're asking don't know the answer. This is a question we're....