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“# German asset manager Union Investment seeks BTC exposure for several funds ” Union Investment, a $500 billion asset manager, is planning to add Bitcoin (BTC) to several investment funds as part of a targeted pilot program for its institutional clients, offering compelling evidence that crypto is becoming more mainstream in Europe’s largest economy. The Frankfurt-based…
“#German ambassador to China dies less than two weeks into job” The German Ambassador to China, Jan Hecker, has died suddenly less than two weeks after taking up the job in Beijing. The 54-year-old’s death was confirmed by Germany’s Foreign Ministry on Monday. Hecker, who was a former foreign policy adviser to Chancellor Angela Merkel,…
“# Fintech company Leonteq expands crypto offering in Europe ” Following the successful expansion of its cryptocurrency service within its homeland of Switzerland, fintech firm Leonteq has now launched a collaborative effort with ICF Bank — one of Germany’s leading securities trading banks — to bring crypto to institutional investors throughout Germany and Austria. Well…
“# What the SEC can learn from the German regulator ” The United States Securities and Exchange Commission’s chairperson Gary Gensler announced this month that the crypto industry should not escape the purview of the regulator. He highlighted that decentralized finance (DeFi) trading and lending protocols need particular attention when it comes to investor protections….
“#Germany’s modern pentathlon coach disqualified after punching horse” TOKYO – Germany’s modern pentathlon coach Kim Raisner will not be part of Saturday’s men’s individual competition at the Tokyo Olympics after she hit a horse with her fist and urged rider Annika Schleu to “really hit” the horse when it refused to jump. The Modern Pentathlon…
“# German law allowing institutional funds to hold crypto comes into effect Aug. 2 ” Beginning on August 2, 2021, German institutional funds will be able to hold up to 20% of their assets in cryptocurrencies, possibly setting the stage for wider mainstream acceptance of Bitcoin (BTC) and other crypto assets by the nation’s pension…
“# Binance to shut down crypto derivatives trading in Europe ” Troubled global cryptocurrency exchange Binance continues moving fast in curbing services to respond to the ongoing regulatory scrutiny worldwide, partly shutting down derivatives trading. Binance officially announced Friday that it would suspend its derivatives trading across the European region, starting with Germany, Italy and…
“#German court faults Facebook’s past handling of hate speech” BERLIN — A German federal court on Thursday faulted aspects of Facebook’s handling of “hate speech,” at least in the past. It ruled that the social network giant can’t delete posts without at least informing users afterward, and must give users advance notice when it moves…
“#Lindt’s gold Easter bunny wrappers now a protected trademark” A German court has ruled that Lindt’s iconic Gold Bunny wrapper is a trademark of the over 175-year-old chocolate company. Lindt & Spruengli’s Gold Bunny is one of the Swiss brand’s best-selling products on store shelves during the Easter holidays. Meanwhile, German chocolatier Heilemann began marketing…
“#Son slammed for statue of dead father due to Hitler likeness” This statue was apparently too close for comfort. A German man was forced to remove a commemorative statue of his late father after critics complained that the monument was a dead ringer for Adolf Hitler. The tiff broke out recently in Weil im Schönbuch…