Citi
Coinbase Faced With Too Much Regulatory Uncertainty, Rating Cut to Neutral: Citi
The bank slashed its price target for the crypto exchange to $65 from $80.
CBDCs Will Be a 'Trojan Horse': Citi's Future of Finance Global Head
In a recent report, Citi analysts suggest that the next influx of crypto adoption will be primarily driven by the rise of central bank digital currencies (CBDCs). Ronit Ghose, Future of Finance Global Head at Citi, discusses the report saying, "we think CBDCs will be a trojan horse, it will be coming from the side or backdoor."
Citi's Future of Finance Global Head Addresses Future of CBDCs
A recent report from Citi speaks to the promised potential of blockchain and central bank digital currencies (CBDCs), and how it will be measured in "billions of users and trillions of dollars." Citi Future of Finance Global Head Ronit Ghose discusses the future of CBDCs and digital finance, explaining why CBDCs are "going to be a Trojan horse."
Citi Says Solana Blockchain Activity Remains High
Active addresses and daily NFT trading volume have returned to levels last seen before the collapse of crypto exchange FTX, a report from the bank said.
Citi: Correlation Between Equity Markets, Bitcoin Weakens Following FTX Collapse
Decentralized exchanges have gained market share as confidence in their centralized equivalents have declined, the report said.
Trust Is Gained Over Time but Lost in an Instant: Analyst
Tokens related to cryptocurrency exchange FTX, including FTT and Solana (SOL), have fallen sharply amid contagion fears. Citi Digital Asset Analyst Joe Ayoub said "that's largely because of a lack of trust from users in these projects that are related to Sam [Bankman-Fried]."
Bitcoin Dips to 2-Year Low as Binance Backs Out of FTX Deal
Bitcoin (BTC) dropped to its lowest level in two years on Wednesday as traders processed the news that Binance retreated from an earlier plan to buy troubled exchange FTX. Citi’s Digital Asset Analyst Joe Ayoub discusses the performances of BNB and FTT tokens and other players affected by the FTX crisis. Plus, an outlook on the stumbling market.
Citi Ventures Backs Its First Digital Asset Manager, Co-Leading a $6M Round in Xalts
Accel co-led the round for the startup building institutional-grade digital asset products.
Citigroup Director of Blockchain and Digital Assets to Leave for Six Digital Exchange
Alexandre Kech's departure follows the exit of another key digital-assets employee from Citi in August.
Citi Says Decentralized Crypto Exchanges Are Gaining Market Share From Centralized Peers
Increased crypto regulation could drive users to decentralized platforms, the bank said.
