German banking giant Deutsche Bank AG has applied to German regulators for regulatory approval to allow the bank to operate as a crypto custodian in the country. The bank gave a detailed explanation stating that it intended to explore the institutional side of cryptocurrency through hot and cold storage solutions alongside insurance-grade protection.
This decision has caused increased trading activities for the Euro against the dollar. Despite US banks showing similar interests in crypto, most fear regulatory scrutiny from authorities continuously cracking down on crypto-oriented companies such as exchanges. Incoming AI crypto projects have the potential to analyze this situation and come up with several recommendations that both institutions and retail traders can capitalize on.
The Banking Crisis in the US
Cryptocurrencies have become a self-sustaining financial ecosystem that opposes how banking institutions operate to disadvantage depositors. A few months ago, the banking sector collapsed, sending a shockwave of bankruptcies in the entire sector, especially to US-based banks.
In five days, three banks went under, causing a significant decline in bank stocks around the world. The Fed’s abrupt hike in interest rates triggered the banking crisis, which ended up crashing the market value of treasury bonds that banks are obliged to invest in. Avorak will analyze these situations and give an accurate predictive analysis of possible outcomes.
Avorak AI Could Save The Day
Avorak AI is a new cryptographic project looking to capitalize on smart technology and artificial intelligence to solve numerous solutions in and out of the crypto arena. The project is currently on presale phase 8, selling AVRK tokens to enterprising investors at a discounted price of $0.27 per token. The project’s developers are working on a revolutionary automated, AI-powered tool called Avorak Trade that will help individuals, as well as institutions, participate in financial markets.
With the growing differences in trading activities between the Eur and the Dollar, Avorak Trade could be what investors need to make money from the foreign exchange market. Moreover, the tool will also capitalize on the stock market to benefit traders if a price imbalance is detected, like what happened to the US bank’s stock price. The tool will generate automated indicators essential in predicting the direction of different financial instruments that dev program it to backtest.
Another tool that stands out is the image generation text. Advanced artificial intelligence algorithms will also power this tool to refine how text-to-image generation works on existing software. The Avorak team of devs is working on self-teaching self-learning algos that the tool will capitalize on to improve image scraping on the internet and perform creatively.
Avorak’s AVRK tokens have a max supply of 40 million tokens. Of this, 28 million tokens have been allocated to the public ICO event. Avorak Labs has also initiated a bonus giveaway for purchases above $250. Each purchase will have an exclusive bonus percentage depending on the user’s investment in AVRK tokens. The higher the investment, the more the bonus allocation. For every purchase above $10,300, participants will get up to a 625% bonus.
Learn more about Avorak AI on:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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