Search

Nalezeno "citi bitcoin": 11

Citi Analyst Warns of ‘Serious’ Contagion Risk to Crypto Ecosystem From FTX Failure

16.11.2022
A Citi analyst has warned of a serious risk of broader contagion to the crypto ecosystem stemming from the collapse of crypto exchange FTX, noting that the contagion “can last for a significant amount of time.” He added that the crypto industry seems to have “no significant lender...

Citigroup to Hire 100 People for Its Crypto Division: Report

23.11.2021
Citigroup is reportedly looking to hire 100 people for its new crypto team. “We believe in the potential of blockchain and digital assets including the benefits of efficiency, instant processing, fractionalization, programmability, and transparency.” Citigroup Growing Its Crypto Team...

Every Large Bank Will Actively Consider Crypto in 1-3 Years, Says Former Citi CEO

14.11.2021
A former CEO of Citigroup said that every major bank and securities firm will consider crypto trading or services within one to three years. He also hopes that central banks worldwide will adopt digital currencies. Former Citi CEO Expects All Major Banks to Embrace Crypto in 1-3 Years...

Citigroup Files to Trade Bitcoin Futures, Says Clients Are ‘Increasingly Interested’ in Cryptocurrency

25.8.2021
Citigroup is reportedly awaiting regulatory approval to start offering bitcoin futures trading to its clients. “We are presently considering products such as futures for some of our institutional clients, as these operate under strong regulatory frameworks,” said Citigroup. Citigroup...

Citi Sees ‘Very Rapid’ Accumulation of Interest in Bitcoin — Contemplates Launching Crypto Services

9.5.2021
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...

Citi Executive Says Bitcoin Will Do Well But Sees Better Investments in ‘Giant Unstoppable Trends’

20.3.2021
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...

Citigroup: Bitcoin Is at a Tipping Point, Could Become Preferred Currency for International Trade

3.3.2021
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...

Citigroup Downgrades Microstrategy to ‘Sell’ Rating Over ‘Aggressive’ Bitcoin Purchases

9.12.2020
Citigroup has downgraded the Nasdaq-listed, pro-bitcoin Microstrategy to a “sell” rating after the company announced that it would offer $400 million convertible senior notes to buy more bitcoin. Microstrategy currently holds about 40,824 bitcoins. Citi Analyst Uncomfortable With...