Citigroup Hunts for Fintech Innovators, Will a Bitcoin Firm Succeed?
American banking behemoth Citigroup earlier revealed that it has been looking at the Bitcoin's distributed ledger technology for the last few years, and has developed three blockchains and a test currency called Citicoin to pass through them in a bid to create a framework parallel to the Bitcoin and the blockchain. And now, according to South China Morning Post, Citigroup has launched a hunt for the most promising fintech innovators in Hong Kong and APAC with its new accelerator program called Citi Mobile Challenge Asia-Pacific. The registration for the upcoming contest will begin from....
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Citigroup CEO Jane Fraser warns that a recession is more likely in Europe than in the U.S. Nonetheless, she stressed that it is not easy for the U.S. to avoid a recession.
Citigroup’s CEO on Global Recession
Citigroup CEO Jane Fraser warned about the health of the global economy Friday, Reuters reported. Citi is the third-largest and most globally-focused U.S. bank.
Speaking at an investor conference in New York, she talked about how “the three Rs” are affecting the global economy, stating: “It’s rates, it’s Russia, and....
Citigroup is reportedly awaiting regulatory approval to start offering bitcoin futures trading to its clients. “We are presently considering products such as futures for some of our institutional clients, as these operate under strong regulatory frameworks,” said Citigroup. Citigroup Awaits Regulatory Approval to Trade Bitcoin Futures Citigroup Inc. is reportedly considering whether to offer its biggest clients trading in bitcoin futures, Bloomberg reported Tuesday. “Our clients are increasingly interested in this space, and we are monitoring these....
Citigroup says bitcoin is at a tipping point and the cryptocurrency could become “the currency of choice for international trade.” The firm wrote in a report that “we could be at the start of massive transformation of cryptocurrency into the mainstream.” Bitcoin Is at the Tipping Point, Citi Says Citigroup’s Global Perspectives & Solutions (GPS) team released a 108-page report Monday entitled “Bitcoin At the Tipping Point.” The Citi GPS report explains that “the biggest change with bitcoin is the shift from it being primarily a....
According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financial hardship. The sources note that Citigroup was hired by Celsius to help the company find “potential financing.”
Sources Say Celsius Is Looking for Help From Citigroup
Three days ago, Bitcoin.com News reported on the crypto lending company Celsius halting withdrawals and the speculation and rumors that surrounded the firm. Speculators believe the....
Citigroup is reportedly looking to hire 100 people for its new crypto team. “We believe in the potential of blockchain and digital assets including the benefits of efficiency, instant processing, fractionalization, programmability, and transparency.”
Citigroup Growing Its Crypto Team
Citigroup is reportedly looking to hire 100 people to grow its digital asset team within its institutional business, Bloomberg reported on Monday, citing a person familiar with the matter.
Puneet Singhvi will be the firm’s new head of digital assets within....