German Federal Financial Supervisory Authority (BaFin) issued a warning to consumers on Tuesday regarding MEXC Exchange providing financial services on its website without necessary authorization. The regulatory agency stated on its website that "MEXC's cryptocurrency custody services require authorization from BaFin. Financial services can only be provided in Germany with the necessary authorization from BaFin."

Coinbase has partnered with PayPal to simplify the process of buying and withdrawing cryptocurrency for users in Germany and the UK. The collaboration will allow for faster transactions and instant withdrawals of Coinbase balances to PayPal accounts, eliminating the need for traditional methods like wire transfers.

Binance, a cryptocurrency exchange, announced on Wednesday that it has retracted its application for a crypto license in Germany. The company did not provide any explanation for the withdrawal. The news comes amidst increased regulatory scrutiny on the cryptocurrency industry.

Coinbase, the leading US-based cryptocurrency exchange, has announced that eight altcoins are now available for trading in Germany. These tokens include Helium (HNT), Blur (BLUR), Arbitrum (ARB), MultiversX (EGLD), 00 Token (00), Audius (AUDIO), Lido DAO (LDO), and Automata (ATA). Users can buy, sell, convert, send, receive, or store these assets on Coinbase.com and the Coinbase iOS and Android apps. Meanwhile, Dogecoin's price continues to rise following its Twitter rebranding to X and speculation about its potential integration as a payment currency on X Payments.

Coinbase has announced that XRP is now available for trading to its users in Germany, following the US court declaration that XRP is not a security. Many other exchanges, including Gemini, Bitstamp, Kraken, BitGo, Crypto.com, and Binance US, have also reactivated support for XRP after attaining regulatory clarity. While the news has received positive feedback from the crypto community, a skeptic has voiced concerns about potential losses for buyers and argued that market participants who remain invested in XRP rely on fostering a fear of missing out (FOMO) to ensure sufficient liquidity for their exit strategies. XRP trades at $0.7282, with over 55% cumulative seven-day performance.

June 29 (Cointime) - KuCoin, a prominent cryptocurrency exchange, has published its Cryptoverse report on Germany, which highlights the rising acceptance of cryptocurrencies in the country. The report is based on a survey of adult crypto investors aged 18 to 60 and shows that 26% of German crypto users joined the market in the past quarter, with millennials leading the way.

June 29 (Cointime) - Binance has reportedly been denied a custody license by Germany's financial watchdog, according to sources cited by Finance Forward. It is unclear whether this is a formal decision or an intention expressed in ongoing discussions.

June 21 (Cointime) - CoinEx, a global cryptocurrency exchange, has announced its sponsorship of the BlockChance 23 conference in Germany, marking its first sponsorship of a blockchain exhibition in the country. The conference, which takes place in Hamburg from June 28 to June 30, is expected to attract over 7,500 attendees, 300 speakers, and 150 exhibitors.

A Lutheran church in the town of Fuerth, Germany held an experimental Christian service almost entirely generated by artificial intelligence (AI) on Friday. The service, including the sermon, prayers, and music, was delivered by the ChatGPT chatbot, personified by an avatar of a bearded Black man on a huge screen above the altar.

According to CoinShares, the crypto market has experienced its fifth consecutive week of outflows, resulting in a loss of $32.1 million. The data was sourced from investment providers such as Grayscale and ProShares, which cater to institutional and accredited investors. The Head of Research at CoinShares, James Butterfill, attributed this trend to poor sentiment focused on BTC. Germany was responsible for the most significant outflows, accounting for 75% of the weekly drain.