Citigroup, a financial services and banking giant, has reportedly launched a private blockchain for its clients. The product, called Citi Token Services, is designed to tokenize client deposits and improve cash management and trade-finance capabilities. According to Citigroup’s global head of services, Shahmir Khaliq, the development of Citi Token Services is part of the company’s […]
The North Korean Lazarus Group was responsible for the extensive $27 million hack of the CoinEx cryptocurrency exchange. Despite this, Monero ($XMR) has maintained its bullish momentum despite a bearish trend in the general market. Investors are rushing to buy Borroe.Finance ($ROE), as it is the best-performing coin currently. SlowMist reported that the North Korean […]
Citigroup has launched Citi Token Services, a private, permissioned blockchain to provide institutional clients with cross-border payments, liquidity, and automated trade finance solutions. The service has completed two pilots, one with Danish shipping company Maersk and an unnamed canal authority, which enabled instant payments to service providers via smart contracts, reducing transaction processing time from […]
Citigroup has launched the pilot of its Citi Token Services, a new platform that uses blockchain and smart contract technologies to provide digital asset solutions for institutional clients. The services are designed to meet the need for ‘always-on’ programmable financial services and will provide cross-border payments, liquidity, and automated trade finance solutions. Citi has been […]
Swift, a global financial messaging network, has announced that three central banks have initiated beta testing for their Central Bank Digital Currency (CBDC) interlinking solution. This development signifies a significant stride towards achieving greater interoperability between traditional fiat currencies and their digital counterparts. Over 30 financial institutions have joined the experimentation fray, further testing the […]
Citigroup Inc. has announced the launch of a new pilot program, Citi Token Services, that will allow institutional clients to use blockchain technology and smart contracts for cross-border payments and trade finance transactions. The service will give Citi’s institutional customers access to the bank’s private blockchain network from their existing accounts without needing to create […]
Cuba is the focus of the latest Cointelegraph documentary, “The Truth Behind Cuba’s Bitcoin Revolution”, which explores the impact of Bitcoin in one of the world’s last Communist states. Journalist and Bitcoin enthusiast Joe Hall and Paco de la India, a regular Cointelegraph contributor, traveled to Cuba to witness and capture the “Bitcoin Revolution” that […]
Investors are on the hunt for the next big opportunity that could deliver 10x gains, and three tokens have emerged as potential contenders: UMA, Nervos Network, and Anarchy (ANA). UMA is an Ethereum-based protocol used to create, collate, and settle transactions on its parent blockchain. Its recent partnership with FORE, a P2P prediction protocol, has […]
The Stellar Development Foundation has launched a new campaign titled “Where Blockchain Meets The Real World,” featuring British actor Idris Elba. The campaign includes a three-minute film in which Elba narrates and directs, conveying the potential of blockchain technology to bring equilibrium to an unbalanced world. This rebranding effort is part of a larger effort […]
Ethereum’s layer-2 solutions are outperforming the blockchain they were designed to bolster. Coinbase-incubated layer-2 network Base and Matter Labs’ zero-knowledge (zk) rollup tech-powered scaling solution zkSync Era have both surpassed Ethereum’s Transactions Per Second (TPS) rate of 10.18 on September 17th. Base achieved a TPS of 12.93, a 49.76% increase within just one week, while […]
