Citibank, Swiss Crypto Firm Partner To Develop Bitcoin Custody Services

Citibank, a major global banking institution, revealed on Wednesday that it has hired Switzerland-headquartered crypto custody firm Metaco to establish a digital asset custody platform. The collaboration will focus on tokenized securities, which are representations of stocks and bonds that are transferred and settled using blockchain technology, according to an email from a Citibank official.

Timeline of Bitcoin

Bitcoin (CRYPTO: BTC) experienced a severe flash crash this past month, causing it to drop over 70% below its all-time high. Following Terra's (CRYPTO: LUNA) black-swan event, CPI data on inflation, and the US Federal Reserve hiking interest rates, turbulent market conditions have continued.

MicroStrategy CEO Michael Saylor has thrown altcoins under the bus by calling on regulators to do their part in tackling risky crypto industry practices. The post Saylor goes full maxi, slamming everything that isn't Bitcoin appeared first on CryptoSlate.

The world's largest bitcoin ($BTC) spot exchange-traded fund (ETF) saw outflows of over $500 million late last week, which could have triggered the flagship cryptocurrency's crash to a low under the $18,000 mark. According to a research note from Norway-based Arcane Research, first reported by CoinDesk, the Purpose Bitcoin ETF saw an outflow of 24,510

Shares in Coinbase and Robinhood are down after today's Binance.US announcement brings fresh competition. The post Coinbase and Robinhood shares drop as Binance.US cuts bitcoin trading fees appeared first on The Block.

“Black Swan” author  Nassim Nicholas Taleb compared Bitcoin (CRYPTO: BTC) maximalists to COVID-19 conspiracy theorists and followers of former President Donald Trump. What Happened: Taleb tweeted Tuesday, “With bitcoiners, Covidopaths, Trumpobarbarians, politicians, etc.

Bitcoin hit a hurdle on hump day, as the world's largest crypto token moved lower, following strong gains to start the week. ETH also slipped during today's session, with prices moving back towards the $1,000 mark. Bitcoin Following two straight days of gains, BTC was lower on hump day, as bears seemingly re-entered the marketplace.

Bitcoin price failed to stay above the USD 21,200 resistance zone and corrected below the USD 20,500 level. It is currently (12:48 PM UTC) trading near USD 20,200 and is down 4% in a day and almost 8% in a week.

After a weekend in which Bitcoin (BTC) experienced realized losses to the tune of $7.3 billion, the largest cryptocurrency has erased all weekend losses and is up over 8 percent to $21,206 in the last 24 hours. Bitcoin has risen almost 22 percent since Saturday's low of $17,592, and is currently trading around $21,000.

SHIB soared 12% taking the main stage with its double-digit price surges while BTC slipped to $20,000 once again and most other coins are in the red as well as we can see in our latest altcoin news today. After a few days of recovering, BTC Slipped and reversed its trajectory and dropped to $20,000

Crypto investment products saw $39 million in outflows during the week of June 13, bringing the value of assets under management (AuM) in the industry to $36 billion — its lowest point since February 2021, CoinShares reported. The post Crypto AuM at lowest point as investors buy the Bitcoin dip appeared first on CryptoSlate.