Coinbase stock will be ‘weighed down’ until US rules are clear: Citi
The investment bank downgraded Coinbase stock to "Neutral" amid the exchange's ongoing battle with U.S. regulators.
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Citi Analysts Predict ‘Near-Perfect Conditions’ for Silver’s Ongoing Bull Market; Experts Suggest $30 an Ounce a Possibility
The price of silver fell 2.85% against the U.S. dollar last week. However, taking a broader perspective, the precious metal has made significant gains this year. Over the past six…
‘Metaverse’ a top 3 contender for Oxford’s Word of the Year
Oxford University has opened public voting for the first time with polls set to close on Dec. 2.
New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’
Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can…
Citi Analyst Warns of ‘Serious’ Contagion Risk to Crypto Ecosystem From FTX Failure
A Citi analyst has warned of a serious risk of broader contagion to the crypto ecosystem stemming from the collapse of crypto exchange FTX, noting that the contagion “can last…
Metaverse of Entertainment Expected to Grow to Almost $29 Billion Driven by Consumer Spending by 2026, Study Says
A study from Technavio, a market research firm, has predicted that the area of the metaverse dedicated to entertainment, including virtual concerts, video games, and movies, will grow to $28.92…
SWIFT and Symbiont announce corporate data blockchain pilot
The message-system processes over five billion transactions a year and seeks to maintain its relevance by integrating disruptive technologies to its business.
Citi calls out potential risks of crypto-backed mortgages and benefits of metaverse property
"Ultimately, the cryptocurrency may be liquidated if the collateral value falls below a certain threshold, such as 35% of the property value,” said the report.
Nexo hires Citibank to advise on acquisitions during market turmoil
“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms.
Citigroup CEO: Europe More Likely to Head Into Recession Than US
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…