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Bitcoin rose 0.77% from Sept. 15 to Sept. 22, to US$26,647 as of 8:30 p.m. Friday in Hong Kong. The world’s largest cryptocurrency by market capitalization has been trading below US$30,000 since Aug. 9, according to CoinMarketCap data. Ether, the world’s second-largest cryptocurrency, fell 1.48% over the week to US$1,598.On
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In a pilot, Citi used smart contracts to serve the same purpose as bank guarantees and letters of credit working with shipping company Maersk and a canal authority. Original Source
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Through the use of blockchain technology, Citigroup anticipates reducing cross-border timelines from days to instantaneous. Citigroup Inc (NYSE: C) announced the creation and piloting of Citi Token Services, a blockchain and smart contract-enabled technology meant to deliver digital asset solutions to institutional clients. Notably, Citi Treasury and Trade Solutions (TTS) closely
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Banking giant Citigroup (C) is reviewing its partnership with crypto custody firm Metaco one month after Ripple Labs announced that it agreed to acquire Metaco for $250 million. Source
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The IPO process would involve offering shares of Banamex to the public, allowing outside investors to purchase those shares and become partial owners of Banamex. American multinational investment banking giant Citigroup Inc (NYSE: C) has revealed its plans to pursue an Initial Public Offering (IPO) for its Mexico business, Banamex. The bank
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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
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Meanwhile, Cunningham has been named director and strategic partner development for digital assets for the TTS division. Cunningham most recently was chief commercial officer at regtech firm LexTego, along with chair of crypto exchange Coinmama. He’ll be based in Dublin, reporting to Kunal Bist, global head of TTS strategic partnerships. Source
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Nexo is working with banking giant Citigroup (C) as it pursues a consolidation of other crypto lenders hit by the recent market downturn, according to an announcement shared with CryptoX. The company also later announced the information in a blog post. Source
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