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Citi, Wells Fargo, BNY Mellon Invest in Crypto Firm Talos as Institutional Adoption of Digital Assets Accelerates
11.5.2022
Several major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to remove “the barriers to wide-scale crypto adoption.” The latest funding round values the company at $1.25 billion....
Talos raises $105M to become the latest crypto unicorn valued at $1.3B
10.5.2022
PayPal-backed crypto firm Talos has raised fresh funding from companies like Ken Fox’s private equity firm Stripes, BNY Mellon, Citi and others
Crypto Trading Firm Talos Raises $105M from Citi, Wells Fargo, Among Others
10.5.2022
Crypto trading engineering firm Talos has raised $105 million in Series B funding led by U.S. financial services giants Citi, Wells Fargo and BNY Mellon among the new investors
Former Citi Digital Asset Execs Launch Crypto-Focused Fund
9.4.2022
Citi Sees Metaverse Economy as Large as $13T by 2030
1.4.2022
The virtual world could be the next generation of the internet, the bank’s analysts said in a report
Citi Predicts Metaverse Could Be $13 Trillion Opportunity With 5 Billion Users
1.4.2022
Citi has predicted that the total market for the metaverse economy could grow to between $8 trillion and $13 trillion by 2030. In addition, the global bank expects that the number of metaverse users could be as many as five billion. The Metaverse Is Potentially an $8 Trillion to $13 Trillion...
Citi’s digital asset co-heads resign with plans to create crypto startup
12.3.2022
This move follows various other banking veterans making the change from Wall Street to crypto ventures
Poll Suggests ECB May Wait Until Q4 to Raise Rates, Several Banks Expect a Series of Fed Rate Hikes This Year
7.3.2022
A recently published Reuters poll suggests the European Central Bank (ECB) may wait until the last quarter of the year (Q4) to raise its first interest rate in over ten years. The poll’s author details that after the conflict in Ukraine, “fewer economists” predict the ECB will...
FBI Collaborates With Citibank, Sony, Japanese Authorities to Seize $180 Million in Bitcoin
23.12.2021
The Federal Bureau of Investigation (FBI), in collaboration with Citibank, Sony, and Japanese law enforcement, has taken action to “return more than $154 million in funds that were allegedly stolen from a subsidiary of Tokyo-based Sony Group Corporation.” The U.S. Department...
Amex, Visa, Citi, Paypal Invest in Crypto Transaction Monitoring and Forensics Platform
7.12.2021
American Express’ Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.), and Paypal Ventures are among investors in the latest funding round of crypto transaction monitoring and forensics platform TRM. Amex, Visa, Citi, Paypal...
Former Citi banker launches $1.5B crypto fund, taps Algorand as first partner
29.11.2021
The crypto economy continues to lure top talent from Wall Street. Matt Zhang becomes the latest industry veteran to jump ship
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...
Citi Group appoints head of digital assets in crypto hiring spree
23.11.2021
The new head of digital assets at Citi’s institutional branch will focus on pursuing connections and investments with clients, startups, and regulators
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...
Citi's bullish Coinbase target: 'Buy crypto's general store'
27.10.2021
Multinational investment bank thinks Coinbase stock is worth 30% more than its current price
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...
FTX's Valuation Jumps 20X, Citi Crypto, Non-Fungible Jay-Z + More News
25.6.2021
A fragment of Heir to the Throne, an animated NFT, created by Derrick Adams to celebrate the 25th anniversary of Reasonable Doubt, the debut album of American music megastar Jay-Z.
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under...
Citigroup Launches Digital Assets Group to Provide Clients Access to Cryptocurrencies
25.6.2021
Citigroup has reportedly set up a “digital assets group” to offer clients access to cryptocurrencies, which will operate within the bank’s wealth management division. Citigroup has established a “digital assets group” within its wealth management unit, according to...
Bank of America, Citigroup, Wells Fargo Unveil Their Cryptocurrency Policies
30.5.2021
Bank of America, Citigroup, and Wells Fargo have shared their policies regarding cryptocurrency before the U.S. Senate banking committee. The three banks are in different stages of offering crypto services to their clients. They also lag behind some of their peers, such as Morgan Stanley...
Banks cautious about crypto ahead of COVID-19 testimony before US Senate
26.5.2021
CEOs of major American banking institutions are heading to Washington to face legislators' questions about how they will aid a post-pandemic economic recovery