Citigroup Teams Up With Coinbase To Develop New Stablecoin Solutions
Citigroup, one of Wall Street’s leading institutions, has announced a strategic partnership with cryptocurrency exchange Coinbase to develop new stablecoin solutions aimed at institutional and corporate investors as part of Citi’s initiative to leverage blockchain technology for financial transactions. Citi’s ‘Network Of Networks’ Approach According to the announcement, the initial phase of this partnership will […]
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American banking giant Citigroup has shared a highly bullish forecast of the stablecoin market in its latest market perspective report. Alongside this intriguing insight, Citigroup has also highlighted potential hurdles and roadblocks for these fiat-peg virtual assets. Related Reading: Bitcoin Advanced Sentiment Index Signals Strength – Bears Face Risks As Bulls Take Control US Regulatory […]
Day one of the Consensus 2015 Makeathon brought together more than 60 developers, industry experts and students with the goal of developing new solutions using blockchain tech. Held at New York-based co-working space General Assembly and sponsored by Braintree, Chain, Coinbase and KeepKey, the two-day event involves 16 teams competing to win $5,000 in cash or a digital currency of their choosing. The teams are focused on solutions for financial inclusion or financial infrastructure, with interesting early solutions emerging. At the end of the morning's brainstorming session, teams had....
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....
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....