The digital money format war could be won or lost on the battleground of tokenization.
Powered by WPeMatico
Category: CitiBank
Auto Added by WPeMatico
Citi Sees ‘Very Rapid’ Accumulation of Interest in Bitcoin — Contemplates Launching Crypto Services
Citigroup is reportedly seeing a “very rapid” accumulation of interest in bitcoin across a broad spectrum of clients, including large asset managers. The bank is now considering launching its own crypto services as a growing number of banks are offering bitcoin-related services to their clients, including Goldman Sachs and Morgan Stanley. Citigroup is reported considering […]Powered by WPeMatico
Citi Executive Says Bitcoin Will Do Well But Sees Better Investments in ‘Giant Unstoppable Trends’
Citibank’s David Bailin believes that bitcoin will do well because of the level of interest from investors. While stating that the cryptocurrency can be part of a portfolio, the executive sees better investment opportunities than bitcoin in “giant unstoppable trends.” Bitcoin ‘Is Going to Do Well,’ Citi Executive Predicts David Bailin is Managing Director and […]Powered by WPeMatico
Citigroup: Bitcoin Is at a Tipping Point, Could Become Preferred Currency for International Trade
Citigroup says bitcoin is at a tipping point and the cryptocurrency could become “the currency of choice for international trade.” The firm wrote in a report that “we could be at the start of massive transformation of cryptocurrency into the mainstream.” Bitcoin Is at the Tipping Point, Citi Says Citigroup’s Global Perspectives & Solutions (GPS) […]Powered by WPeMatico
$200 Billion in Fines: Mega Banks Rack up Penalties From Illegal Activities
Top U.S. banks have racked up almost $200 billion in fines and penalties over the past 20 years from illegal activities in 395 major legal cases. Bank of America tops the list, followed by JPMorgan, Citigroup, and Wells Fargo, according to a new report, which also covers Morgan Stanley and Goldman Sachs. Big Banks’ $200 […]
The post $200 Billion in Fines: Mega Banks Rack up Penalties From Illegal Activities appeared first on Bitcoin News.
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
Powered by WPeMatico
1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme
A new set of reports by the Organized Crime and Corruption Reporting Project, compiled from over 1.3 million leaked transactions from 238,000 companies, have linked many major banks to a scheme to channel billions of dollars out of Russia. The Troika Laundromat is unique in that “it was created by a prestigious financial institution.” Also […]
The post 1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme appeared first on Bitcoin News.
Powered by WPeMatico
Bitfinex Partnered With at Least 6 Different Banks During 2018
22 months since Wells Fargo suspended the processing of withdrawals sent by four Taiwanese banks that service Bitfinex, the platform remains among the top 20 exchanges by adjusted volume. While Bitfinex hosted more than $5 billion in trade this past month, the exchange has struggled to establish reliable banking partners, with traders seeking to deposit […]
The post Bitfinex Partnered With at Least 6 Different Banks During 2018 appeared first on Bitcoin News.
Powered by WPeMatico
Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms
A French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be fined up to 5 billion euros or $5.8 billion. Its executives could […]
The post Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms appeared first on Bitcoin News.
Powered by WPeMatico
$150B Money Laundering Probe of Danske Bank Implicates Citigroup and Deutsche Bank
U.S. law enforcement agencies have started their money laundering investigations of Danske Bank, Denmark’s largest bank, according to the Wall Street Journal. Citigroup and Deutsche Bank have been implicated. Danske Bank is also currently under investigation by Denmark and Estonia and its CEO reportedly ignored warnings of suspicious transactions. Also read: 160 Crypto Exchanges Seek to […]
The post $150B Money Laundering Probe of Danske Bank Implicates Citigroup and Deutsche Bank appeared first on Bitcoin News.
Powered by WPeMatico