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” $32K Bitcoin price could turn the tides in Friday’s $160M BTC options expiry “ Twenty-three agonizing days have passed since Bitcoin (BTC) last closed above $32,000 and the 10% rally that took place on May 29 and 30 is currently evaporating as BTC price retraces toward $30,000. The move back to $30,000 simply confirms…
” Talos raises $105M to become the latest crypto unicorn valued at $1.3B “ PayPal-backed cryptocurrency firm Talos is becoming the latest unicorn in the industry, reaching a $1.25 billion valuation following new funding. Talos has raised $105 million in Series B funding round led by a major global growth equity firm, General Atlantic, according…
” Citi’s digital asset co-heads resign with plans to create crypto startup “ Alex Kriete, Co-Head of Digital Assets at Citi, announced his resignation from the banking giant after 11 years at the firm on March 10 via LinkedIn. He stated in his post that he intends to devote himself full-time to developing a new cryptocurrency…
“# Former Citi banker launches $1.5B crypto fund, taps Algorand as first partner ” A Wall Street veteran with over 14 years of experience has launched a new venture fund dedicated to cryptocurrency and blockchain startups, offering further evidence that smart money investors are pivoting to the emerging world of digital assets. On Monday, former…
“# Former Citi banker launches $1.5B crypto fund, taps Algorand as first partner ” A Wall Street veteran with over 14 years of experience has launched a new venture fund dedicated to cryptocurrency and blockchain startups, offering further evidence that smart money investors are pivoting to the emerging world of digital assets. On Monday, former…
“# Citi Group appoints head of digital assets in crypto hiring spree ” American multinational investment bank Citi announced it had appointed Puneet Singhvi to lead the digital assets division of its Institutional Clients Group (ICG) starting on Dec. 1. In addition to appointing Singhvi on Nov. 22, Citi is hiring 100 additional personnel to…
“# Banks cautious about crypto ahead of COVID-19 testimony before US Senate ” Major Wall Street bank executives will appear before the United States Senate Banking Committee on Wednesday to discuss the role of their financial institutions in the recovery of the American economy. Democratic lawmakers plan to grill a number of major bank execs,…
“# Citigroup considers crypto amid surge in customer demand on Wall Street ” Citigroup is reportedly considering offering crypto-related services to its customers in response to rising demand, specifically from asset managers and hedge funds. The financial services firm’s global head of foreign exchange, Itay Tuchman, told the Financial Times on Friday that the investment…
“# Citi and IADB complete cross-border payment pilot with blockchain tech ” Banking giant Citigroup has successfully completed a proof-of-concept for blockchain-based cross-border payments in collaboration with the Inter-American Development Bank, or IADB. According to a Thursday announcement, Citigroup’s Citi Innovation Labs and the IADB enabled several disbursements from the United States to a recipient…
“# Bitcoin price hits $50K after bullish outlook from Citigroup and Goldman Sachs ” On March 1 cryptocurrency investors woke up to the sight of Bitcoin (BTC) rising from it weekend correction to $44,000 as the market found its bullish momentum and altcoins rebounded from their swing lows. Data from Cointelegraph Markets and TradingView shows…