Deutsche Bank reportedly applies for digital asset custody license with BaFin
Germany’s banking industry is slowly warming up to the crypto industry with multiple partnerships and crypto services in 2023 after a long cautious approach.
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European banks head into another weekend of uncertainty as default risks surge
An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system.
Deutsche Bank’s DWS eyes 2 German crypto firms for investment: Report
Companies negotiating with DWS Group include Deutsche Digital Assets, a crypto exchange-traded products provider, and market maker Tradias.
Big Trouble for European Banking as Credit Suisse Flashes Warning Signs
Credit Suisse is currently fighting for survival following months of rumors regarding its liquidity and capital position. According to reports over the weekend, a negative outcome for the Swiss banking…
‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels
It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14…
Jihan Wu-Backed Crypto Miner Bitdeer Acquires ‘Singapore’s Fort Knox’ for $28.4 Million
Sources have disclosed that the digital currency mining operation, Bitdeer Technologies, has purchased a high-security storage and display facility in Singapore called Le Freeport for $28.4 million. Bitdeer’s chairman, Jihan…
Deutsche Bank analysts see Bitcoin recovering to $28K by December
Deutsche Bank analysts forecast a 30% recovery for Bitcoin by December driven by correlation to S&P 500.
Bitcoin Could Climb to $28K by 2022’s End, Deutsche Bank Analysts Suggest
Analysts at Deutsche Bank – Marion Laboure and Galina Pozdnyakova – argued that the cryptocurrency market is “highly fragmented,” and its decline could continue in the near future. However, they…
Deutsche Bank Expects Sooner, More Severe US Recession as the Fed Takes ‘Aggressive Hiking Path’
Deutsche Bank has updated its recession forecast. The bank’s economists now see “an earlier and somewhat more severe recession” than previously predicted. “The Fed has undertaken a more aggressive hiking…
U.S. dollar index retreats from 20 year highs — but will DXY topping spark a Bitcoin recovery?
Strong euro and overbought readings could pressure the dollar further, showing signs of topping out—Bitcoin at risk of falling.