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According to the bank’s spokesman on Tuesday, Wall Street giant Citigroup (NYSE: C) is eager as they await regulatory approval to start offering bitcoin (BTC, -3.59%) futures trading contracts on the Chicago Mercantile Exchange (CME). Institutional Clients Another individual familiar with cryptocurrency derivatives markets noted that Citi is gathering a team to
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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.While CBDCs have gained wild popularity in the past two years, Citigroup CEO predicted their rise during Bitcoin’s 2017 epic surge. At the time, he observed
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Citigroup Chief Executive Michael Corbat said his bank is helping governments “around the world” in creating sovereign digital currencies, otherwise known as central bank digital currencies, or CBDC.Speaking to David Rubenstein at a Friday Bloomberg event, Corbat made clear CBDCs are an “inevitable” development in the future of money. Citigroup,
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Liquibit Capital is also said to be managed by a former Barclays Capital vice president and two current JPMorgan and Wells Fargo technicians. Source
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After eight years as CEO of Citigroup, Michael Corbat will be succeeded by Jane Fraser, who will be the first female CEO of this major Wall Street bank.Jane Fraser has been appointed to become the new Citigroup Inc (NYSE: C) CEO, becoming the first-ever female CEO of a Wall Street
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Bitcoin expects to go through a shaky third-quarter on growing worries about a stock market correction.Citigroup sees the S&P 500 rally to drop by at least 10 percent from its current levels, with a worst-case scenario predicting a 20 percent or more decline for the US benchmark index.The monthly correlation
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U.S.-headquartered bank Citi has upped its investment in the Ethereum-based decentralized trade financing startup Komgo.Kris van Broekhoven, the global head of commodity trade finance at Citigroup, revealed that the bank has “topped up” its equity in Komgo “to allow the company to continue developing,” while speaking with ConsenSys on
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