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Citigroup updated its crypto forecasts, setting Bitcoin at $132,000 and Ethereum at $4,500 by year-end, driven by institutional adoption and regulatory support.
Both Fidelity and Citi will showcase their latest product at the Monetary Authority of Singapore (MAS) booth during the Singapore Fintech Festival 2024 event.
This adoption of blockchain technology in bond issuance marks a major step forward. Particularly, for the benefits it offers.
Maini was reported to have spent 14 years at Citigroup before stepping down from his role in the bank’s market division.
BlackRock is set to pump liquidity of its IBIT ETF by adding multiple Authorized Participants, with a new total of nine.
Away from the ProShares ETF news, the market is adapting to the introduction of spot Bitcoin ETFs.
Investors interested in Bitcoin ETFs in the US have been transferring their 401k retirement plans to institutions offering seamless trading in a bid to obtain financial freedom.
Some institutions are hesitant to buy Bitcoin directly due to challenges in the crypto markets, such as security risks and regulatory uncertainty. BTC DRs aim to address these concerns.
Dimon, who agreed that crypto firms should face the same AML scrutiny as traditional firms, said he would shut down crypto if he could.
The revised proposal allows the ETF to utilize both in-kind and cash mechanisms. The ETF plans to store Bitcoin in cold storage, with custody services provided by Coinbase Custody Trust.
Through the use of blockchain technology, Citigroup anticipates reducing cross-border timelines from days to instantaneous.
US remittance system Ripple acquired Metaco to leverage the company’s resources and entrench itself in the emerging crypto custody market.
The performance of IBM in the past quarter has stirred the hearts of investors which has pushed its shares up 2.19% in the pre-market trading session.
Citi believes that the tokenization of financial and real-world assets on the blockchain platform would be a “killer use case” and could reach up to almost $4 trillion in value by 2030.
Leading bank Goldman Sachs has deployed ChatGPT-like AI products for developers to experiment with code development.