News
Motley Fool analysts think this smallcap bank stock might be the next to benefit from Bitcoin's surge
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Citi News
Citigroup is an American transnational financial services corporation established in 1812 and headquartered in New York. Citigroup is the fourth largest of the American banks and a systematically important bank for the U.S. and world economy. Citigroup’s revenue is currently more than $71.5 billion. Citibank is a part of Citigroup that specializes on consumer financial services. Some major Citibank branches are the American and Mexican branches, but Citi also has its branches in Russia, India, the UAE and some other countries. Citigroup’s blockchain research and development were some of the first in the banking and financial services sector. Citi and Nasdaq announced an agreement that implemented blockchain in global banking in May 2017. This agreement authorizes Citi to transfer funds into Nasdaq’s blockchain platform that is used for buying and selling shares of private companies.
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MicroStrategy was downgraded to "sell" from "neutral" on Tuesday.
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But only for vendors, so retail users will have to wait.
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However improbable this seems, it would represent the “weakest” major rally so far, at a 102 times increase from low to high.
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Singapore-based DBS bank joins blockchain trade-finance network Contour to disrupt its letters of credit settlement process.
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Major investment bank Citigroup announced it has increased its equity stake in Ethereum-based trade finance platform Komgo.
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IBM, Citibank and video game giant Ubisoft have joined Singapore-based blockchain accelerator Tribe Accelerator.
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A number of banks revealed plans to issue their own tokens, following JPMorgan Chase’s move.
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Open source initiative Hyperledger has announced 12 new members including Alibaba Cloud, Citi and Deutsche Telekom, among others.
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Crypto exchange and wallet Coinbase has hired former Wall Street exec and banking regulator Jeff Horowitz as its new Chief Compliance Officer.
14199 Citi executive believes the key to mainstream adoption of Blockchain technology is the introduction of state-backed virtual currencies.
8911While trying to leverage technology for a public good, Citigroup is reaching out to some of the most prominent fintech players.
1735Amid India’s sudden currency reforms, cash is facing a global crackdown as governments move to take control over transactions, the paper in citizens’ pockets.
512Citi’s new digital wallet will compete directly with PayPal, Apple Pay and others to provide online, in-app and in-store payment needs.
958The WEF was dedicated to the Fourth Industrial Revolution and FinTech. The World’s financial and banking giants again shared their attitude to Bitcoin and Blockchain technology.
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