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Bitcoin Daily: Germany’s BaFin Seizes Allegedly Unlicensed Bitcoin ATMs; Police Confiscate $30M In Crypto From Closed Movie Streaming Site In Germany

PYMNTS

German authorities are cracking down on several allegedly illicit cryptocurrency-related operations in the country. The watchdog told KKT UG CEO Adam Gramowski to cease crypto trading business in Germany back in February for reportedly operating without a trading or banking license. Movie2k.to

Bitcoin 157
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China’s Tax On Foreign eCommerce Sites

PYMNTS

China has some new taxes on goods imported through eCommerce sites, though it has also removed some duties that had previously been assessed. Food will now import at a higher duty price; previously the tax was 10 percent. Instead, it will wipe out those companies that were only seeking a policy loophole and operating in a gray zone.”.

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Uber Makes Last-Ditch Effort To Stay In Colombia

PYMNTS

Uber has come across strong resistance from taxi drivers after selecting Bogota as its inaugural South American operation in 2013. A taxi service sued Uber for going against competition norms, and a local market regulator ruled against the ride-hailing firm last month.

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Union Calls For Amazon Workers’ Strike In Germany

PYMNTS

Germany is Amazon’s second-largest market after the U.S. . The union has been striking in Germany since 2013 over wages, but Amazon has said few workers participated and there was little impact on productivity. Germany is in a special position in the industry because most delivery firms subcontract.

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Bitcoin Daily: Gemcoin Founder Pleads Guilty In $147M Fraud Case; Dubliner Forfeits $67.6M In Bitcoin As Part Of Drug Case

PYMNTS

Steve Chen, the mastermind behind a $147 million gemcoin fraud from 2013 to 2015, pleaded guilty of his crimes of tax evasion and conspiracy to commit wire fraud, reported on Wednesday (Feb. As part of his plea agreement, Chen admitted to operating the U.S.

Bitcoin 130
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Small banks: Big challenges and big opportunities

Abrigo

For smaller banks, longer-term industry consolidation trends and competition are also eroding deposit market share. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. The result? The result?

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Overstock Is Overvalued Stock?

PYMNTS

The magazine, via columnist David Trainer, said that Overstock took its place among last month’s most dangerous stocks and could in fact be the “next victim of the retail market.”. That comes even as Overstock’s top line has been growing, indicating operational pressures. Some numbers belie the pressures at hand.

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