English < Article List - DigitalToday

Search results for Citigroup

Crypto

Fed raises policy rate by 25 bps; what does it mean for bitcoin?

The U.S. Federal Reserve raised its benchmark interest rate by 0.25 percentage point, the first hike since 2023, lifting the target range for the federal funds rate to 3.75 to 4.00 percent. The move largely matched expectations and won unanimous support from all 12 FOMC members. Crypto markets fell about 2.18 percent on the day. Bitcoin briefly rose near $75,900 before slipping back toward $75,100, while holding a closely watched support zone.

Crypto

Fed rate hike odds jump to 94.5 percent, putting $70,000 bitcoin at risk

Odds of a 0.25 percentage point U.S. Federal Reserve rate hike have climbed to 94.5 percent, leading Wall Street to treat a move as a near certainty. If implemented, the federal funds rate would rise to 3.75 percent to 4 percent from 3.50 percent to 3.75 percent. Attention is shifting to the rate path after the decision, as Treasury yields rise and bitcoin has fallen from its September peak.

Crypto

Citigroup to launch tokenised deposit-based cross-border remittance service in Japan

Citigroup plans to launch a cross-border remittance service based on tokenised deposits for corporate clients in Japan within this year, Nikkei Asia reported on Tuesday. The service will support real-time foreign-currency transfers at night and on holidays, and process real-time cross-border payments between Japan and Citigroup entities in the United States, Britain, Singapore, Hong Kong and Ireland. Citigroup processes about $6 trillion in daily transactions, with about $1 billion a day in tokenised-deposit transfers.