Crypto Exchange eXch Closed by German Police Over Money Laundering Allegations
German authorities have taken decisive action against the crypto exchange eXch, seizing assets worth €34 million ($37.4 million) and over 8 terabytes of data. This operation marks one of the largest law-enforcement actions in Germany targeting cryptocurrency laundering. The platform, which had been operational since 2014, was accused of facilitating money laundering for criminal activities,...
German Cities Face Wave of Cyberattacks Targeting Municipal Portals
In a concerning trend for digital security in Germany, the city portals of Dresden and Stuttgart have become the latest targets of cyberattacks, specifically Distributed Denial of Service (DDoS) assaults. These incidents follow a similar attack on Berlin's city portal, highlighting a growing challenge for municipal IT infrastructures across the country. The attacks have temporarily rendered...
European Markets React to US Economic Slowdown
The German DAX index experienced a slight downturn, shedding 0.3 percent to settle at 22,351 points, as weak US economic data cast a shadow over global markets. The MDax, representing medium-sized companies, remained unchanged at 28,431 points. Despite the dip, the DAX has managed to recover from the early-month slump caused by US tariff policies, marking a small gain by the end of April...
Innovative Drone Defense System by Heckler & Koch Nears Completion
Heckler & Koch, Germany's largest manufacturer of hand firearms, is venturing into the drone defense market, marking a significant shift in its business strategy. The company has received an order for its new defense system, although details remain undisclosed. Firm CEO Jens Bodo Koch highlighted the growing threat drones pose to infantry, a challenge for which there are currently few...
From Corporate Leader to Digital Minister: The Journey of Karsten Wildberger
In a surprising move, Karsten Wildberger, the CEO of Ceconomy, the parent company of MediaMarkt and Saturn, has been appointed as Germany's first Federal Minister for Digitalization and State Modernization. Wildberger, who has been at the helm of Ceconomy since August 2021, is known for his efforts in driving the digital transformation of the company's sales channels and strategic...
