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 […]
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 […]
Bitcoin Cash ($BCH) is experiencing its worst investor panic since mid-August, while Polkadot ($DOT) is also in the red zone, but holders are optimistic about its upcoming upgrade. On the other hand, Borroe.Finance ($ROE) is in the news due to excitement around its novel approach to invoice financing. Some analysts say Borroe.Finance ($ROE) is a […]
Tangem Wallet, a Ripple Labs Inc. partner, has announced an update set to launch in October that could significantly increase the utility of Shiba Inu (SHIB), a memecoin that has gained considerable attention in the market. The update is designed to provide users with a tool to organize their crypto holdings, allowing them to sort […]
The largest bank in Germany, Deutsche Bank, is making a deeper foray into the crypto industry. This week, the bank signed a partnership agreement with Geneva-based crypto infrastructure provider Taurus to offer customers secure crypto custody and tokenization of assets. This follows an investment in the Swiss startup in February and the subsequent application for […]
German financial giant Deutsche Bank has announced a global partnership with Swiss startup Taurus to provide digital asset custody and tokenization services for its clients. The bank, which has total assets of over $1.4 trillion, will use Taurus’ technology to manage cryptocurrencies, tokenized assets, and digital currencies. Taurus co-founder Lamine Brahimi said the partnership is […]
Sam Bankman-Fried, the former CEO of FTX, is facing multiple criminal charges related to alleged misuse of user funds. Documents provided by crypto influencer Tiffany Fong revealed details about Bankman-Fried’s life while under house arrest and his thoughts on the legal team handling FTX’s bankruptcy case. Bankman-Fried reportedly drafted a 15,000-word Twitter thread but never […]
BitGo and Swan Bitcoin have announced plans to create a Bitcoin-only trust company in the United States, pending regulatory approval. The company will offer Bitcoin custody, administration and management services to institutional investors, such as asset managers, pension plans, and family offices, as well as governments and company treasuries. It will also provide cold storage, […]
Binance.US, the American arm of the leading crypto exchange Binance, has recently lost two key executives amid increased scrutiny from regulators. Krishna Juvvadi, the head of legal, and Sidney Majalya, the chief risk officer, are the latest in a series of high-level departures from the exchange. Juvvadi was reportedly one of Binance.US’s main points of […]
Deutsche Bank, Germany’s financial giant with assets value of $1.4 trillion, has partnered with Swiss startup Taurus to offer various services, including cryptocurrency custody and tokenization solutions. The collaboration underwent a “thorough and detailed selection and due diligence process” before Deutsche Bank decided to utilize Taurus’ enterprise-grade infrastructure technology. In June, the bank applied for […]
