Citigroup Partners with Central Banks to Build CBDCs, CEO Reveals
Citigroup Inc (NYSE: C) CEO Michael Corbat recently revealed that the bank has been partnering with central banks globally to build Central Bank Digital Currencies.
Citigroup Inc (NYSE: C) CEO Michael Corbat recently revealed that the bank has been partnering with central banks globally to build Central Bank Digital Currencies.
Citigroup released its Q2 2020 earnings on Tuesday showing better-than-expected figures, C stock is moving higher in the pre-market, despite a 4% drop yesterday.
The Ethereum-alike blockchain network from Axoni is under development and usage among Goldman Sachs and Citigroup members. Two banks conducted the first equity swap on a new blockchain.
The newly announced Hyperledger Fabric 2.0 is said to be a new generation framework that has a number of important updates in comparison with the previous version.
This is a heat zone for investors who listen to offers and demands. Reynolds Consumer that is valued at over $5 billion is going to raise funds in the first billion-dollar IPO this year.
Silver is undervalued when you look at the gold-to-silver ratio, which now stands at a staggering 1:86. As countries around the world make efforts to stimulate growth and manufacturing, the demand for silver could skyrocket.
JP Morgan strongly believes there will be a significant improvement in Asian stocks as next year starts. The growth of the region’s insurance sector is also expected.
Dow Jones, S&P 500 and Nasdaq Composite hit new milestones in the traditional market, while on the other hand, we have Bitcoin slipping below its crucial support levels.
OneConnect, the fintech arm of China’s largest insurance company Ping An Insurance, has filed for an IPO with the SEC.
Paxos Trust Company has introduced new solutions including Fiat Gateways and APIs. Binance will be the first to integrate this fiat solution.