UBS raises US recession odds to 60%, but what does this mean for crypto prices?

Analysts believe the possibility of a recession in the US is increasing and this could be an important stress test for cryptocurrencies.

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Nexo Hires Citigroup to Advise on Potential Acquisitions

Crypto lending platform Nexo announced that it has tapped Citigroup to advise it on the potential acquisition of other crypto firms hit by the recent market downturn. (Read More)

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Two Co-head of Citigroup’s Digital Assets Quit, Planing to Launch New Crypto Startup

Two former high ranking executives announced to depart from Citi. The duo sees potential benefits in the crypto industry. (Read More)

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Crypto Flipsider News – BTC Addresses Hit ATH, MoonPay Raises $555M, Binance Seeks Sovereign Wealth, Powell Returns as Fed Chair, Citigroup Expands Crypto Division

Read Tuesday's breaking news in the daily digest!

Continue reading Crypto Flipsider News – BTC Addresses Hit ATH, MoonPay Raises $555M, Binance Seeks Sovereign Wealth, Powell Returns as Fed Chair, Citigroup Expands Crypto Division at DailyCoin.com.

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Citigroup to Add 100 Digital Asset Roles

The bank has already structured and appointed the head of its new digital asset push.

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Citi to Hire 100 Staff Members for Digit Assets Expansion Drive

Citi Group is looking to fill 100 jobs in its digital assets team. The news comes after the bank recently launched a digital assets group as part of its effort to respond to its customer demands for crypto products. (Read More)

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BREAKING: Citibank Goes All-In On Crypto

Covered: Citibank Growing Their Digital Assets Team Crypto’s Role In Traditional Finance Citibank Growing Their Digital Assets Team Citigroup (NYSE:C), the fourth largest banking institution in the US has gone all-in on crypto. The banking behemoth announced today it is adding 100 people to “advance its blockchain and digital assets division.”  Citigroup, with trillions of […]

The post BREAKING: Citibank Goes All-In On Crypto appeared first on CryptosRus.

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Banks Will Start Mulling the Possibility of Crypto Trading in 3 Years: Former Citi CEO

According to Vikram Pandit, most financial institutions are likely to integrate digital currency trading services within the next one to three years (Read More)

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Citigroup Sets to Begin Trading Bitcoin Futures for Institutional Clients

Citigroup plans to start trading Bitcoin futures on the Chicago Mercantile Exchange and launch Bitcoin exchange-traded notes later. The bank intends to offer this new service for specific institutional clients. (Read More)

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Citigroup Considers the Possibility of Offering Bitcoin Futures Trading

Although a spokesperson from Citi confirmed the rumors, there are no major details on the Bitcoin futures trading plans.

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First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower

After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 11 major financial institutions may not address the bank’s liquidity issues. First Republic’s shares [...]

The post First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower appeared first on Crypto Breaking News.

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Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B

The market capitalization of Bitcoin (BTC) has added $194 billion in 2023. Its 66% year-to-date (YTD) growth is vastly outperforming top Wall Street bank stocks, particularly as fears of a global banking crisis are rising. BTC market cap daily performance chart. Source: TradingView Moreover, Bitcoin has decoupled from U.S. stocks for the first time in [...]

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