News
CEOs of major American banking institutions are heading to Washington to face legislators' questions about how they will aid a post-pandemic economic recovery.
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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.
- News
The digital money format war could be won or lost on the battleground of tokenization.
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Trading, financing and custody services are being pursued by the investment bank.
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IADB disbursed tokenized funds to a recipient in the Dominican Republic using the LACChain blockchain network.
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Bullish maneuvers from MicroStrategy, Goldman Sachs and Citigroup are just a few of the factors backing Bitcoin's rally back to $50,000.
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Mainstream adoption is within Bitcoin's grasp, according to Citi analysts.
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Motley Fool analysts think this smallcap bank stock might be the next to benefit from Bitcoin's surge
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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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