citigroup

Citigroup Inc. states the initiative demanding the Swiss National Bank to store part of its assets in gold is senseless as it has no intrinsic value and is too costly to store.

Elon Musk: Tesla Will Grow to $500 Billion Due to Its Self-Driving Tech
May 4th, 2019

Elon Musk laid out the automaker’s plan when it comes to self-driving, but now the CEO attaches a valuation prediction to it as the company attempts to raise over $2 billion.

Forbes Releases ‘Blockchain Billion Dollar List’, Binance is Not On It
April 18th, 2019

Forbes, a global media company known for prominent financial and business news has released a list of 50 companies with a minimum of $1 billion valuations or revenues that are implementing blockchain technology.

Two ‘Major US Banks’ May Soon Issue Own Cryptos on IBM World Wire, Is Ripple Under Threat?
March 20th, 2019

IBM announced that two major US banks may soon offer their own cryptos on the IBM World Wire amidst growing concerns that Ripple’s dominance in this global remittance space may be under threat.

Global Stock Indices Buckle Under Worrying Trade Figures from China
January 14th, 2019

The latest trade figures coming out of China are opposite to analysts predictions and has given a red signal on the global economic condition.

Big Names Join the Hyperledger Blockchain Project Community
December 13th, 2018

The combined effort to advance blockchain technology led to the creation of the Hyperledger Blockchain Project. The project helps many entities worldwide to implement DLTs successfully.

Citigroup Plans to Offer Institutional Investors a New Low-Risk Crypto Product
September 10th, 2018

U.S. multinational bank Citigroup is going to enable investors to work on cryptocurrency markets without actually having to own cryptos.

IBM, CLS and Barclays Join Forces for a Financial Blockchain App Store
July 30th, 2018

IBM, CLS, and nine financial institutions are testing a new platform which can make it easier for banks to access distributed ledger technology (DLT) solutions from fintech and software providers.

Australia’s Top Banks Won’t Ban Bitcoin Purchase Transactions
February 6th, 2018

While U.S. and European banks ban buying bitcoin with credit cards, Australia’s biggest banks have confirmed that they are not barring customers from purchasing cryptocurrencies.

Top Banks Ban Buying Bitcoin with Credit Cards over Debt Fears
February 5th, 2018

Owing to the risks of over buying and purchasing, banks across the U.S and Europe and banning crypto purchases through credit cards.

‘Blockchain for Banks is a Bit Like Gluten,’ Says R3 CEV’s Tim Swanson
December 10th, 2015

The blockchain holds huge promise for the future of the financial industry, with the world’s leading organizations developing solutions based on the bitcoin technology.