Deutsche Bank has long been bullish on crypto assets like Bitcoin, and the culture has spilled over into the company’s executives.
One of the bank’s veterans and former FX Japan Managing Director is even launching a crypto trading desk of his own, set to launch this coming May 2020 – right when Bitcoin’s halving is expected to drive significant interest in the asset class.
Deutsche Bank Alum Launching Bitcoin Trading Desk FXcoin This Coming May
There’s no denying that crypto assets like Bitcoin, Ethereum, Ripple, and more, are high risk, high reward assets. But their future and potential are so promising, its difficult not to be bullish on the digital currencies and at least consider them as part of a well-diversified portfolio.
That’s exactly Tomoo Onishi’s ticket to driving success in his up and coming Bitcoin trading desk, named FXcoin LTD., which the former Deutsche Bank Managing Director is launching this May.
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In an interview with Bloomberg, Onishi agreed that while there is “no asset that’s absolutely safe” from the recent recession and coronavirus related market chaos, he asserts that he is a “bull on virtual currency prices,” which he expects to rise in the coming months. The launch of his platform will coincide with what could bring more interest to the cryptocurrency space since Bitcoin’s 2017 bubble: the upcoming block reward halving.
Onishi envisions a scenario where stimulus packages flood the economy with excess cash, and some of it makes its way into crypto assets like Bitcoin.
And with Bitcoin’s halving less than three weeks away, there’s an additional catalyst ready to help push prices higher, further inciting FOMO from investors sidelined with cash burning holes in their pockets.
New Japanese Crypto Exchange Could Bring a Resurgence of Interest in Region
FXcoin is backed by giant SBI Holdings Inc, a Japanese conglomerate with a stake in the crypto space and is one of just 23 entities registered with Japan’s Financial Services Authority.
Japan was once a hotbed for cryptocurrency exchanges, but a series of high-profile hacks in 2018 has led to a decline in interest in the country. The hacks promoted Japanese FSA to tight up restrictions in the region, which prompted some exchanges to close up shop. Others were issued with fines until the industry shaped up.
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Much of it was prompted from just one, historic cryptocurrency exchange hack. The cryptocurrency platform CoinCheck was breached, and hackers made off with over $500 million worth of cryptocurrency tokens.
The hack was a major blow to the industry and set the space back years in Japan. It’s only now, as more companies like FXcoin open their doors that the industry in that region will begin to turn around.
Featured image from Pixabay origin »
US inflation eased in February for the first time in four months; an aspect that has aided the much-awaited crypto recovery. Even so, most cryptocurrencies, including majors like Bitcoin, remain under selling pressure amid tariff jitters.
The U.S. government's potential Bitcoin reserve could position it as a leader in crypto regulation, impacting global financial strategies.
The post Trump’s Treasury Secretary Scott Bessent says Bitcoin acquisition plans are in discussion appeared first on Crypto Briefing.
BTC miners and validators have been excluded from ESMA's reporting of market abuse.
Circle’s policy lead viewed the move as positive and flexible for evolving crypto markets.
Bitcoin [The post EU’s new rule frees Bitcoin miners from strict crypto regulations - Details appeared first on AMBCrypto.
Bitcoin’s recent price movements have reflected a mix of optimism and uncertainty for investors. Earlier this week, Bitcoin surged to $94,000 following news of the U. S. crypto strategic reserve, which is set to include BTC, ETH, SOL, ADA, and other major digital assets.
The crypto market has crashed, losing $1. 01 billion in liquidations. Bitcoin (BTC) has plunged below $84k while altcoins like ETH and SOL have slumped 15-20% Bitcoin Pepe’s presale offers a compelling alternative with the price set to rise from $0.
The cryptocurrency market saw a sharp selloff on Tuesday, wiping out recent gains across major digital assets. Bitcoin (BTC) once again dropped to the $84,000 level, reversing its rally after former US President Donald Trump’s announcement regarding a crypto reserve.
If you checked on the crypto market on Friday, you’ll have witnessed a bloodbath. Bitcoin plummeted, falling to below $80K at some points. But by this morning, everything had changed. US President Donald Trump’s announcement of a strategic crypto reserve to include $BTC, $ETH, and various altcoins – including $XRP, up over 4% over the […]
Bitcoin and most altcoins turned green on Saturday as investors focused on the inaugural crypto summit by President Donald Trump. Bitcoin (BTC) rose to $85,000, 8.5% above its lowest level this week, while the total market cap of all cryptocurrencies…
Crypto majors including Bitcoin remain under pressure amid a neutral market sentiment. However, revolutionary projects within the sector are thriving as savvy investors look for cheaper alternatives with great growth potential.
Bitcoin has a new seven-figure prediction for the future as one of the crypto industry’s best-known commentators reaffirms her optimistic outlook on BTC.
Trump's tariffs may exacerbate global inflation, destabilize markets, and potentially boost Bitcoin demand as a hedge against currency devaluation.
The post New Trump tariffs stoke inflation fears, trigger $2 billion in crypto liquidations, Bitcoin crashes to $92K appeared first on Crypto Briefing.
An online confrontation broke out between the Bitcoin and XRP communities over the weekend, fueled by former President Donald Trump’s last weeks’ announcement of a “Digital Asset Stockpile” under his administration’s newly unveiled crypto executive order.
In a dramatic gesture that reinforces its stance on Bitcoin, El Salvador has bought 11 BTC for its national reserves, which now amount to 6,044 units. Related Reading: Gold Out, Bitcoin In: 52% Of Americans Choose Crypto Over Traditional Assets—Survey The move follows an agreement with the International Monetary Fund (IMF) for $1.4 billion, whose […]
Bitcoin is showing no signs of slowing down, and why would it? As Donald Trump, who is now well-known for his crypto-friendly attitude, officially joins the office of the US President, the crypto world is expecting a lot of pro-crypto administrative changes and executive government orders to be passed in the coming days.
The recent bitcoin price drop led to $555 million in liquidation, compelling traders to shift towards new crypto coins. They perceive Aureal One as a high-potential crypto as it offers metaverse-blockchain integrated ecosystems.
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Several crypto analysts are predicting a price drop
However, a buy signal flashed on the cryptocurrency's chart
Bitcoin [BTC] has been struggling over the past week, with the crypto's price The post Will Bitcoin bears pull it down to $60K? Analyst shares signs of possible correction appeared first on AMBCrypto.
Bitcoin slipped 12% from its all-time high of $108,353, erasing gains from the second week of December. As Christmas nears, crypto traders ponder whether the market will see a “Santa Claus” rally this year.
The recent downturn in the crypto market, marked by significant losses for major altcoins like Ethereum, Solana, and XRP, is driving investors back to Bitcoin. Data from TradingView reveals that Bitcoin’s share of the overall crypto market has climbed 6% in the past week, standing just below 60% at press time.
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The post Crypto Inflows Near $4 Billion as Investors Anticipate Further Upside for Bitcoin appeared first on BeInCrypto.
Bitcoin price has encountered strong resistance around the $100,000 level amid profit-taking by retail investors. Bitcoin (BTC), the biggest cryptocurrency, was trading at $98,900 on Dec. 11, lower than the all-time high of about $104,000. Crypto analysts believe the coin…
Table of Contents
Bitcoin ETFs Fuel Institutional FOMO
Bitcoin Technicals: The Bullish Flag Unfurled
Ethereum's Climb: Staking, DeFi, and Upgrades
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The digital assets landscape saw bullish actions today, with the global crypto market cap surging 1. 78% to $3. 32 trillion. The upside came as Bitcoin rebounded to a daily high of $97,357 early today.
Bitcoin's potential surge could drive increased institutional interest, influence global monetary systems, and reshape financial strategies.
The post Bitcoin could reach $180,000 this cycle, says VanEck head of crypto research appeared first on Crypto Briefing.
Cardano (ADA) is up 15% in the past 24 hours to lead top gainers among the 100 largest crypto coins by market cap. Meanwhile, as Bitcoin price eyes the potential to flip to new highs after hitting $77k.
The crypto market experienced an intense wave of liquidations as Bitcoin’s price surged to a new all-time high yesterday on the back of the Trump election victory. As Republican candidate Donald Trump secured the lead in the presidential elections, Bitcoin…
An OG Bitcoin advocate made a bold forecast that demand for Bitcoin will increase rapidly in the near future, bolstering the estimates of some crypto experts that BTC is on a trajectory to hit the six-figure level.
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Crypto analysts adjust their altcoin portfolios as Bitcoin hovers at $68,000. AI-focused and meme coins gain attention, while profit-taking strategies recommend reallocating to Bitcoin.
The post Crypto Analysts Adjust Altcoin Portfolios as Bitcoin Clings to $68,000 appeared first on BeInCrypto.
Crypto exchange Coinbase and Bitcoin miners CleanSpark and Iren closed Oct. 14 with double-digit percentage gains and continued to climb after the bell.
Today, Monday, Oct. 14, Bitcoin touched $66,000 as US markets opened, up over 5% on the day, as both major U. S. presidential candidates have now made official crypto endorsements. Vice President Kamala Harris announced plans to establish a regulatory framework for digital assets beneficial to everyday citizens holding crypto.
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PayPal has announced a new feature allowing U.S. business accounts to buy, hold, sell, and transfer supported cryptocurrency such as Bitcoin, expanding its crypto offerings for merchants.
The CIO of Bitcoin asset manager Bitwise claims the "most powerful people in finance" are buying Bitcoin and crypto. He says nearly 70% of top financial advisors at a recent summit owned Bitcoin and crypto personally.
Crypto shorts suffered a massive $147M loss as Bitcoin hit $63K.
However, its resurgence is not off the table.
Bitcoin [BTC] bulls have propelled a breakout, reaching $63K after weeks of cThe post Crypto shorts worth $147M squeezed - Will Bitcoin go past $64K? appeared first on AMBCrypto.
Bitcoin breaks downtrend channel.
Bitcoin's top traders average leverage delta falls below 2.
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Analyst believes the crypto market will "bounce" as soon as Bitcoin sees a major breakout
Altcoins expected to profit significantly whenever this breakout happens
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The first presidential debate between Donald Trump and Kamala Harris on Sept. 10 did not include any discussion of crypto or Bitcoin, even when the discussion covered the economy. The candidates focused on traditional topics such as foreign policy, immigration, and abortion rights.
The cryptocurrency market is showing little to no signs of a near recovery. Top 10 crypto lists took another hard hit yesterday, with Bitcoin hitting a $55,000 level again, right when things started to take a turn for the better.
