Finance

FBS Analysts Explore Bitcoin’s Growing Potential Amid US Election Uncertainty

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    Singapore, Singapore, September 18th, 2024, FinanceWire

     

    FBS, a leading global broker, presents an overview of financial market trends in the context of the 2024 US presidential elections. FBS financial market analysts particularly underscore the rising investment potential of Bitcoin in the context of Harris-Trump uncertainty .

    FBS analysts highlight that financial markets are experiencing turbulent times and investors are looking for safe-haven assets like gold and government bonds. According to the FBS experts, cryptocurrencies, particularly Bitcoin, become more appealing. FBS financial market analysts have explored Bitcoin’s historical performance during past US elections and speculated on its potential role in 2024.

    In previous election cycles, Bitcoin’s price reactions to political events have varied:

    • In 2012, during Barack Obama’s re-election, Bitcoin had little market impact due to its developing status.
    • By 2016, following Donald Trump’s victory, Bitcoin gained institutional recognition, with its price rising as a hedge against economic uncertainty.
    • In 2020, amid the COVID-19 pandemic, Bitcoin surged after Joe Biden’s election, driven by inflation fears and institutional adoption.

    For the 2024 election, Bitcoin’s potential as a safe haven is under debate. While its correlation with traditional risk assets has weakened, its volatility remains high. With market capitalization reaching $600 billion in 2024 and daily trading volumes up 25% year-on-year, institutional investors increasingly view Bitcoin as a hedge against geopolitical risks and inflation.

    FBS analysts warn that the 2024 US presidential election could significantly influence Bitcoin’s future:

    • A victory for Kamala Harris may bring balanced regulation that fosters innovation but could also raise compliance costs for US-based exchanges.
    • Donald Trump’s platform includes encouraging Bitcoin mining and lowering capital gains taxes, which could increase demand for cryptocurrencies.

    Regardless of the 2024 US presidential election outcome, FBS analysts recommend a cautious yet strategic approach to trading. Monitoring political developments closely is critical, as shifts in policies or candidate standings can create significant price swings. Traders are encouraged to consider short-term opportunities in cryptocurrency markets, particularly Bitcoin, which has shown resilience and growth potential during past election cycles. Employing risk management tools, such as stop-loss orders, is also vital to mitigating downside risk during this unpredictable period.

    FBS analysts believe Bitcoin’s long-term position in the financial markets is solidified. Growing institutional interest points to its potential as a legitimate hedge against macroeconomic risks.

    Disclaimer: This material does not constitute a call to trade, trading advice, or recommendation and is intended for informational purposes only.

     

    Contact

    FBS Press Office
    press@fbs.com

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    Darwinium Hires Fintech Industry Standouts Peng Leong and Paul Cloutier as CFO and VP of Sales, Americas

    2024-09-19T14:46:04Z

    Executive growth reinforces expansion of Darwinium’s leading-edge cyberfraud prevention platform across American and global markets

    SAN FRANCISCO, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Darwinium, a leader in next-generation digital security and fraud prevention, today announces the appointment of Peng Leong as Chief Financial Officer and Paul Cloutier as Vice President of Sales, Americas. These strategic additions to Darwinum’s leadership team highlight the company’s consistent growth and commitment to delivering dynamic account security and fraud prevention to organizations worldwide, across every digital touchpoint.

    "Darwinium is on an exciting growth trajectory, delivering much-needed innovation to the unsolved problem of account security,” said Alisdair Faulkner, CEO and co-founder of Darwinium. “Peng's international financial acumen, combined with Paul's proven track record in scaling sales organizations, positions Darwinium for even greater success as we continue to grow our market share in the cyberfraud prevention sector."

    Peng Leong brings over three decades of technical experience in accounting, business operations and finance to his new role as CFO. His multi-faceted approach to leadership has resulted in high-performance financial strategies and success in the SaaS, data and risk analytics industries. Peng began his career at Deloitte before holding senior roles at prominent firms including Rev Inc., IDAnalytics (Symantec) and CoreLogic.

    “It’s a privilege to join Darwinium’s deeply knowledgeable and innovative team. I look forward to working alongside them to optimize the company’s financial strategies, enhance operational efficiency and unlock new avenues for revenue growth,” said Leong. “Today’s digital fraud landscape is a new frontier compounded by the explosive growth of AI tools that are changing the face of online scams. Darwinium’s cutting-edge platform is putting power back into the hands of businesses by not only minimizing advanced fraud but also delivering real-time, edge-based protection and full visibility into customer interactions. It’s a cause I am proud to support.”

    Paul Cloutier will also play a critical role in Darwinium’s long-term growth plans as Vice President of Sales, Americas. With a more than 30-year career spanning key technological revolutions, Cloutier has a passion for driving transformation across industries, from manufacturing automation to the digital identities landscape. Through previous roles at ThreatMetrix and Arkestro, he has assisted in advancing B2B eCommerce, biometric and procurement solutions.

    At Darwinium, Cloutier will be at the helm of the company's expansion efforts in the Americas. This includes increasing the company's footprint in the region, and bringing its innovative technologies to financial services, eCommerce and fintech organizations looking to better protect their account security strategies.

    “I am very excited to join Darwinium, a transformative company with a team known for its deep expertise in cyberfraud prevention and a proven track record of success,” said Cloutier. “The platform has customer protection at its heart, ensuring end users are not caught in the net of complex, evolving fraud, or the controls designed to detect it.”

    These key executive appointments underpin the company's growth trajectory, driving forward its mission to deliver essential innovations for more effective detection and prevention of complex fraud in a rapidly evolving digital world.

    About Darwinium   
    Darwinium's pioneering approach to continuous customer protection takes security and fraud prevention to the edge, removing the operational burden of implementing and maintaining API-based solutions. Darwinium provides complete visibility and control of every digital interaction - across web, apps and APIs - to separate good and bad behavior, in real-time. Businesses can make more accurate, real-time decisions, and take dynamic, tailored remediation that favors the customer and not the fraudster.  For more information, visit www.darwinium.com.

    Contact        
    Sherlyn Rijos-Altman      
    Montner Tech PR        
    203-226-9290        
    srijos@montner.com 


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