Saxo Bank Event Panel: Block Chain Intriguing, Bitcoin a Fad
Bitcoin was labelled a "fad" yet also "interesting" in a panel discussion at Saxo Bank's Trading Debates event in central London yesterday. Held in the British Library, the event was attended by more than 300 people from the world of traditional finance, including bankers, traders and other financial services professionals. The panel discussion Fintech Boom - An Opportunity or a Threat for Financial Services? was moderated by Anna Irrera, trading and technology reporter at Financial News. Panellist Javier Tordable, senior vice president at German derivatives exchange Eurex Exchange,....
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Saxo Bank wouldn't be surprised if the bitcoin price saw big gains next year. The Danish investment bank recently published its annual "Outrageous Predictions for 2017", a collection of speculations that it stressed represents more of a fringe outlook than anything official. At the same time, the bank said that these "outlier" predictions represent its attempt to get those in the financail industry to think about more extreme possibilities for the year ahead. In addition to off-the-cuff calls that the UK won't actually leave the European Union and that Italian equity....
Saxo Bank CEO and co-founder Lars Seier Christensen made headlines in his native Denmark earlier this month when, in his typically outspoken fashion, he revealed his support for bitcoin in an interview with online news site Business.dk. It was then Christensen acknowledged he has not only bought bitcoins, but that his online investment company is currently exploring bitcoin's potential use. Unsurprisingly, the announcement that set forth a flurry of conversation about the potential impact Saxo Bank's stance could have on the perception of bitcoin in Europe and abroad. However, while some....
The Danish investment bank, Saxo Bank predicts Donald Trump's administration to turn out to be good for Bitcoin. Until a couple of days ago, the popular cryptocurrency bitcoin has been having a great run. The cryptocurrency’s price crossed $1100 mark and held steady for a couple of days before falling down to $827. But this may be temporary according to Saxo Bank. The Danish investment bank, in a report last month predicted that the value of Bitcoin is going to rise above $2000. The rise in price is expected to take effect after Donald Trump assumes charge of the White House as the 45th....
Leading multi-asset trading and investment expert, Saxo Bank Group, has predicted that the Bitcoin price will see new all time highs in 2017 as part of its annual “Top 10 Outrageous Predictions.” Investors Will Seek ‘Cryptocurrency Alternatives’. Saxo Bank has shared its annual ‘outrageous’ finance-related predictions for 2017. The the online multi-asset trading and investment specialist, which correctly predicted Brexit in 2014, believes Bitcoin will see “huge gains” next year. “Under President Trump the US fiscal spending increases the US budget deficit from $600 billion to $1.2-1.8....
Nine of the largest investment banks have partnered with a block chain startup to integrate the block chain into financial services. Barclays, BBVA, Commonwealth Bank of Australia, Credit Suisse, JPMorgan, State Street, Royal Bank of Scotland, and UBS all formed a partnership with a block chain oriented firm to create industry standards for using block chain technology in banking. The initiative is led by New York and London startup R3, whose CEO David Rutter spent 32-years on Wall Street. Financial Times has reported Goldman Sachs have also partnered with R3. The block chain is a major....