Citigroup lowered its 12-month Bitcoin forecast from US$143K to US$112K and its Ethereum goal from US$4,304 to US$3,175, citing weaker community exercise and slower legislative progress. The financial institution minimize its projected bitcoin ETF demand from US$15 billion to US$10 billion. Nevertheless, it nonetheless considers institutional inflows by ETFs theContinue Reading
Acquisition talks between Coinbase and UK-based stablecoin infrastructure startup BVNK, valued at a reported US$2 billion, have collapsed. It had earlier appeared that the events had been near a deal after getting into into an exclusivity association in October. The deal would have been among the many largest acquisitions ofContinue Reading
Citi and Coinbase associate to supply 24/7 digital asset funds for establishments, bridging fiat and crypto via blockchain-based infrastructure. The brand new Citi–Coinbase alliance streamlines on/off-ramps and explores stablecoin payouts to advance international crypto cost entry. Citi groups with Coinbase to simplify institutional crypto funds, merging conventional finance with blockchain-poweredContinue Reading
According to a new report from Citi, the investment bank expects 10% of the global post-trade market to be processed using stablecoins and tokenised securities within the next five years. The report highlights that the digital asset sector is “tantalizingly close to a structural transition” and that adoption is beingContinue Reading
