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Cryptocurrency Now On Top Of The Hills, As Investment Bankers Leave Firms To Join The Crypto Space

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Cryptocurrency Now On Top Of The Hills, As Investment Bankers Leave Firms To Join Crypto

After the invention of the first Cryptocurrency (Bitcoin) in 2007 by Satoshi Nakamoto followed by other altcoins. As Cryptocurrency grows, it draws much attention especially in the area of trading (buying and selling of Cryptocurrencies) investments to be precise.

As the world develops, Cryptocurrency trading fluctuates depending on trading activities. Investment bankers are now wising up after realizing that banking is just a replaceable job.

Investment bankers have more upsides than Cryptocurrency investors. As investment bankers invest in real capital which involves a lot of risk taking, that is your success depends on the type of investment you do to deliver a higher rate of return.

Investment bankers are always finding ways and means to source deal since individuals have to go through a lot of research in other to convince people to invest in a bank in favor of their investment which might be a bit hectic. Even though financial modelling can be applied which is a skillset used by investment bankers. This is done by manipulating computers by the bankers.

Investment bankers have now seen the ugly side of their chosen field, i’m not trying to be biased. Investments banking is not just a high paying job but high pressure and high stakes job as well.

Tension all rising as bitcoin hit $5,000 for the first time in 2019 which has gained more attention and also alerted investors in general.

Bitcoin has taken the crypto market by surprise which has caused the coin bulls to jubilate and invest more. For the past few months, the value of Cryptocurrencies has been reducing indicating that the trading market is in a bear trend. Even with this, Cryptocurrency will always surprise the trading market. This is the time crypto bulls take advantage and invest more.

Cryptocurrency investors buy coins when it is cheap in other to gain profit when it values increases. This is the time to buy Cryptocurrency especially Bitcoin, XRP , Ethereum etc.

Investment bankers have realized that investing in cryptocurrencies involve less risk in terms of volatility. Whenever the price of cryptocurrencies is volatile, it is the best time to make analysis and invest since it attracts less attention.

There is speculation that BTC is 100x the price of where Bitcoin is today. Which is true. Cryptocurrency is somehow risky but the payoff is much higher than that of investment banks. professional investment bankers have taken advantage of the sudden rise in BTC by investing in some small portion of their portfolio into cryptocurrency.

Even though Cryptocurrency has unregulated space. Unlike the real bank, which is controlled by government entities and changes can be made at any point in time. which can have an effect on their investment returns.

I always advise that people should invest in Cryptocurrency when the price is low and just relax and wait for the price to skyrocket. Investment bankers are now leaving firms to join Cryptocurrency investment. Especially now that Bitcoin trading (buying and selling) is booming. All eyes on Cryptocurrency, Bitcoin to be precise.

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Cryptocurrency

Tron (TRX) Finds its Way Back to the Top Ten List

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Tron CEO Justin Sun, known for his flair for publicity and announcement of any achievement on his network announced in a tweet that Tron has made its way back to the list of top ten performing cryptos. TRX’s performance has been outstanding since the second quarter of 2019 both in its level of development and features.

According to the Coinmarketcap.com index at the time of writing, the trend curve shows Tron is moving higher than most other coins including Bitcoin (BTC) and Ethereum (ETH). It currently trades at $0.039 increasing at 6.18% in 24 hours at a market cap of $2.6 billion.

A few days ago, Tron (TRX) had a new surge in price which saw it to the $0.04 trading price. This new rate has been retained seeing the digital asset performing higher than most other cryptos.

Looking at the recent happenings that have created a boost in Tron (TRX) performance; it can be easily seen that though the network has recorded few partnerships with other companies, more of what pushes up its performance is the volume of activities on the platform.

A report from Dapp.com states that Tron is the most ambitious project in the Dapp field. In the second quarter of the year, it has been able to launch $2 million projects more than other blockchain protocols in upgrading its Dapp ecosystem.

A review of TRX performance reveals that in a space of four months, the transaction volume increased from less than 130,000 transactions to  2 million transactions.

Investors may still not be so willing to stake much on this digital asset even with every sign of high returns, because the trend in activity can change any time.

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Cryptocurrency

World’s Largest Interdealer Broker to Offer Crypto Derivatives

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Why Bitcoin Is Better Than Other Cryptocurrencies

TP ICAP has entered the crypto market where it is to offer crypto derivatives, hoping to boost its dwindling core business which is in commodity, financial and energy markets. Last year, TP ICAP lost 36% of its market value in the wake of the financial crisis.

It has since salvaged about 10%. TP ICAP is set to be the intermediary between customers wanting to buy and sell Bitcoin futures, Bloomberg reports.

The firm’s new venture will be based in London and will be led by Simon Foster and Duncan Trenholme. This move is however not sudden as it might seem. Roughly a year ago, TP launched a working group tasked with examining the firm’s best approach to cryptocurrency.

Notably, a year later, they announce their approach to crypto to be trading of Bitcoin futures and they envision adding non-deliverable forwards (NDFs) tied to Bitcoin.

This is a sweet spot for the firm as it joins other big players such as Fidelity Investments, JP Morgan, and Intercontinental Exchange to engage in crypto derivatives trade. These firms’ decision to engage in Bitcoin, derivatives trade is unlike their clients’ who prefer to not trade in cryptocurrencies that are still recovering from the infamous yearlong slump.

Bakkt, a much-anticipated crypto trading platform known for its multiple delayed times is set to launch its own physically settled Bitcoin futures trading testing on July 22. Additionally, Nasdaq is set to launch its own crypto futures platform during the course of this year.

“Every institution is on an educational journey,” said Trenholme, who is co-leading TP ICAP’s new venture. “Many are exploring how tokens can legitimately be traded or stored and I’d expect more projects to hit the market over the next year or two.”

TP ICAP is also exploring other digital asset offerings. The firm is thinking about participating in the actual cryptocurrency market. “We want to be close to what’s happening within this nascent asset class because we believe it’s important to invest in the early stages of a growing market,” said Simon Foster.

“TP ICAP also understands that this technology could disrupt or impact other asset classes where we currently operate, so we feel it’s important to be informed.”

This venture will entail cash-settled futures contracts trading on a regulated market which will be managed by CME Group to avoid potential risks of fraud and market manipulation. Their clients will also have to undergo rigorous anti-money laundering and identity checks.

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