Industry Report: Deutsche Bank Bailout Unlikely

Deutsche Bank isn’t likely to receive a bailout, UnoCoin sets a new funding record, and Velocity invites you to try ‘simple’ smart contracts. Want to catch up on your latest tech and digital currency news? Read the stories below.
Also read: Industry Report: Authorities Warn Against OneCoin, Likely Scam
DEUTSCHE BANK
Deutsche Bank is on the edge of financial crisis. Currently facing a $14 billion USD fine from the U. S. Department of Justice, German legislators have stated they are not likely to aid of any major banks should they go under.
Germany is attempting to avoid the same financial mistakes made in 2008 when, following an economic meltdown, major players were bailed out with taxpayers’ money. This time around, resistance to taking such a step is growing daily. Deutsche Bank is presently struggling to reach a deal with U. S. lawmakersand is looking to release 1,000 separate employees. Bitcoin is being eyed as a potential lantern in darkness, but the EU is instilling new tactics to crack down on anonymous bitcoin trading, hoping it will discourage terrorist funding.

This post was published at Bitcoinist on 2016/10/04.