By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Inside the Bitcoin Rally
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Crypto > Bitcoin > Inside the Bitcoin Rally
Bitcoin

Inside the Bitcoin Rally

Shayne Heffernan Ph.D.
Last updated: February 21, 2021 1:35 pm
Shayne Heffernan Ph.D.
Share
3 Min Read
84439942 bitcoin tech trans NvBQzQNjv4Bqflqy7C 9 Jt9M13Z1ZP8Ol9Ano71rv4xVjZCllUibY scaled
SHARE

Invented 12 years ago by an unknown person or group of people under the name Satoshi Nakamoto, bitcoin started trading in 2009 as a crypto asset based on a decentralized blockchain-based network.

The system is aimed at providing secure peer-to-peer transactions that are not subject to central-bank policies or regulations.

In 2017, bitcoin’s first notable surge to $20,000 brought the cryptocurrency worldwide fame. Shortly after that, it collapsed, losing nearly 80 percent of its value over the following months, before enjoying its current resurgence.

Bitcoin’s impressive rally has been fueled by signs it is gaining acceptance among mainstream investors and companies.

Earlier this month, Tesla revealed that it had made a $1.5 billion investment into the cryptocurrency.

According to December’s report from the World Economic Forum, Germany’s biggest bank has already created a Deutsche Bank Digital Asset Custody prototype.

The model is reportedly aimed at developing “a fully integrated custody platform for institutional clients and their digital assets, providing seamless connectivity to the broader cryptocurrency ecosystem.”

The report, which remained off the media radar until it was highlighted by CoinDesk on Saturday, reveals that Deutsche Bank is preparing a trading and token issuance platform.

The step will reportedly combine digital assets with traditional banking services, and will help to manage an array of digital assets and fiat holdings in one simple-to-use platform.

The proposed platform will be launched on a step-by-step basis. First, the world’s 21st largest bank will provide custody to “institutional investors, such as asset managers, wealth managers/family offices, corporates and digital funds.”

Then, the lender will add an opportunity for holding crypto to allow buying and selling via brokers and exchanges.

After that, Deutsche Bank is planning to add such services as tax accounting and staking tokens on blockchain platforms. At the final stage, the bank’s clientele will be introduced to services for trading and token issuance.

According to the report, Deutsche “has completed its proof of concept and is aiming for a minimum viable product in 2021 while exploring global client interest for a pilot initiative.”

Bank of New York Mellon, the world’s largest custodian bank and the US’ oldest, said it would be providing its clientele with an opportunity to store bitcoin and other cryptocurrencies.


US asset manager BlackRock and payments company Square have also announced plans to back digital currencies, with credit card major Mastercard announcing it would support the use of some cryptocurrencies on its network as earlier as this year.

You Might Also Like

The 20 Great Quotes of John McAfee

New Cold War Looms as Tariffs Shift from Trade to Politics

America Party: Terminal Debt Crisis and Elon Musk Buy $BTC

Bitcoin Might Be Bumpy BUY THE DIP

KXCO and the New World of Money

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Shayne Heffernan Ph.D.
Follow:
Shayne Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 40 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.
Previous Article bitcoin wallpaper 1 Biden is a Debt Machine, Buy Bitcoin
Next Article d4fe3789 276f 4930 88bc 6b4ee2913ff9 Biden’s Aid/Relief/Stimulus Plan Will Damage the Economy in the Long Term
Buy Bitcoin

Buy Bitcoin

Latest News

bitcoin kxco
KXCO’s Position in Tokenized Cash and Cross-Border Payments
AI Bitcoin Blockchain Blockchain for Government Business cefi Crypto DeFI Digital Assets Fintech Gold Headline News Knightsbridge KXCO KXCO Opinion Shayne Heffernan Stablecoins USD Web3 July 3, 2025
Hong Kong
Hong Kong is Back
Business China Crypto Featured Headline News Hong Kong Knightsbridge Insights KXCO Opinion Politics Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments July 3, 2025
photo 2023 12 10 22 43 50
China AI a Hot Sector $BABA $BIDU
AI Artificial Intelligence Asia China Featured Headline News Knightsbridge Insights KXCO Opinion Shayne Heffernan Shayne Heffernan on Investments July 2, 2025
elon musk 1
Elon Musk and Napoleon: Ambition, Power, and the Shadow of Exile
America Headline News Opinion Politics Shayne Heffernan July 1, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?