Citi downgrades MicroStrategy stock after bold Bitcoin bet
MicroStrategy was downgraded to “sell” from “neutral” on Tuesday. Go to Source Powered by WPeMatico
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Financial Analysts Expect US Dollar to Soften Further, 2021 Could Be the Greenback’s ‘Worst Year Ever’
Well before the coronavirus pandemic, global economists expected a grim-looking American economy and during the last ten months of the Covid-19 outbreak, the U.S. financial system looks even worse. Economists and analysts say the biggest concern is the U.S. dollar faltering into the unknown, as a great number of distinguished individuals believe the USD will … Read more
Stripe will offer bank accounts, with help from Goldman Sachs and Citi
But only for vendors, so retail users will have to wait. Go to Source Powered by WPeMatico
Citibank makes tentative $318K Bitcoin prediction for December 2021
However improbable this seems, it would represent the “weakest” major rally so far, at a 102 times increase from low to high. Go to Source Powered by WPeMatico
DBS Bank Joins Global Blockchain Network to Digitize Trade Settlement
Singapore-based DBS bank joins blockchain trade-finance network Contour to disrupt its letters of credit settlement process. Go to Source Powered by WPeMatico
Citigroup Raises Investment in Ethereum-Based Trade Finance Startup
Citi announces additional investment in Komgo, also begins to integrate its trade processing system with platform’s blockchain Go to Source Powered by WPeMatico
IBM and Citibank Join Singapore Late-Stage Blockchain Accelerator
Singapore-based blockchain accelerator Tribe Accelerator now counts IBM, Citibank and Ubisoft among its members Go to Source Powered by WPeMatico
Pet Stablecoins: Why Some Banks Issue Their Own Digital Tokens, While Others Don’t
Now that the JPM Coin is out, more banks are looking into issuing their own digital tokens. Nevertheless, some players — like Citigroup — are dropping the idea in favor of more traditional remittance methods Go to Source Powered by WPeMatico
Hyperledger Onboards 12 New Members Including Alibaba Cloud, Deutsche Telekom and Citi
12 new organizations have joined the blockchain initiative Hyperledger, including Alibaba Cloud, Citi and Deutsche Telekom, among others Go to Source Powered by WPeMatico
Former Pershing Exec Jeff Horowitz Joins Coinbase as Chief Compliance Officer
Coinbase has hired Jeff Horowitz, formerly a managing director at Pershing LLC and a banking regulator with the FDIC, as its Chief Compliance Officer Go to Source Powered by WPeMatico