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Citigroup is creating a blockchain-based service that lets wealthy and institutional clients trade exposure to private companies through tokenized depositary receipts. The bank is starting with foreign investors and plans…
Citi has opened a regulated blockchain route into private-company shares, giving Wall Street another live test of tokenization beyond crypto-native trading. The Wall Street Journal reported June 11 that Citigroup…
Citigroup has lowered its 12-month price targets for bitcoin and ethereum, citing delays in U.S. crypto legislation, softer ETF inflows and weakening network activity. Bitcoin Range Trading Likely Near $70K,…
The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress…
Federal authorities have spotlighted critical deficiencies in the crisis management strategies—known as “living wills”—of four major U.S. banks, signaling a push for stronger safeguards against financial turmoil. The Federal Deposit…
Bitcoin has decoupled from stocks and continues to rise 10 years after the Cyprus banking crisis coincided with a BTC price boom.
Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perception may have…
The Web3 software solutions company Chain announced the company has partnered with Kraft Sports + Entertainment, the owners and operators of the New England Patriots, New England Revolution, Gillette Stadium,…
Analysts believe the possibility of a recession in the US is increasing and this could be an important stress test for cryptocurrencies.
The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius…