Payments will run on the bank’s proprietary blockchain and be routed automatically through its existing client interface. www.coindesk.com
Citi
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Finance
Fidelity, BNY, Goldman Sachs, JPMorgan, Morgan Stanley, Citi Lead Strategy’s Bitcoin Banking Adoption
by shayaanby shayaanHow the Six Leaders Separated From the Field Strategy’s new Bitcoin Banking Adoption Index put overall adoption at 32%, underscoring how unevenly …
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Wall Street’s Bitcoin expectations have taken another hit. Citi has cut its 12-month Bitcoin target to $82,000 from $112,000, pointing to weaker …
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Markets
JPMorgan, Bank of America, Citi to start blockchain offensive with shared tokenized network
by shayaanby shayaanAmerican’s biggest banks plan to introduce a shared tokenized network next year to tackle the potential threat of stablecoins eating into their …
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Markets
Bitcoin's lack of fresh investors matters more than Strategy's sale, Citi says
by shayaanby shayaanStrategy’s unloading of bitcoin may have rattled markets, but Citi said the bigger issue for BTC is a missing bid from new …
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Adoption
Citi Forecasts $5.5 Trillion Real-World Asset Tokenization Market By 2030, Stablecoins To Drive $1 Trillion In Treasury Demand
by shayaanby shayaanThe gap between crypto’s current real-world asset footprint and where the largest banks see it heading is starting to look less like …
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In brief Quantum computing advances are shortening the timeline for real attacks on crypto, with recent targets revised to 2030-2032. Bitcoin is …
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Regulation
JPMorgan Chase, Citi and Wells Fargo Lose $5,606,000,000 to Bad Loans in Just Three Months
by shayaanby shayaanThree of America’s largest banks are writing off a combined $5.6 billion in bad loans in the first quarter as US credit …
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Finance
Citi Downgrades Crypto Exchange Gemini After Cutting Bitcoin, Ethereum Price Targets
by shayaanby shayaanCrypto exchange and custodian Gemini’s stock dropped more than 16% after Citigroup analysts downgraded the company Wednesday morning, suggesting that it’ll be …
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Markets
Citi and Morgan Stanley expand bitcoin and crypto custody, trading and tokenization efforts
by shayaanby shayaanAs Citi integrates Bitcoin into bank-grade custody and reporting frameworks, Morgan Stanley moves to bring crypto trading, lending exploration and tokenized products …