News
Singapore-based DBS bank joins blockchain trade-finance network Contour to disrupt its letters of credit settlement process.
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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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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.
14174 Citi executive believes the key to mainstream adoption of Blockchain technology is the introduction of state-backed virtual currencies.
8879While trying to leverage technology for a public good, Citigroup is reaching out to some of the most prominent fintech players.
1717Amid India’s sudden currency reforms, cash is facing a global crackdown as governments move to take control over transactions, the paper in citizens’ pockets.
496Citi’s new digital wallet will compete directly with PayPal, Apple Pay and others to provide online, in-app and in-store payment needs.
932The 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.
832How to avoid CIA’s spying in China and USA to keep privacy and secrets in business? Cointelegraph asked Daniel Dabek.
3150Former Secret Service agent Shaun Bridges plead guilty to stealing over US$800,000; a Goldman Sachs global investment research analyst praised blockchain technology, and more news
431Greece finance minister, Yanis Varoufakis, resigns after Greece votes 'No'; Mt. Gox Trustee, Nobuaki Kobayashi, extends deadline for filing claims to July 29 and more news
776Banking giant Citigroup, has developed 3 blockchains and a test cryptocurrency dubbed 'Citicoin' to run across them.
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