Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’

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Post Views: 297 According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financial hardship. The sources note that Citigroup was hired by Celsius to help the company find “potential financing.” What do you…

Bank of America: Consumer Interest in Crypto Remains Strong

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Post Views: 213 Bank of America’s new report explains that “despite the sharp correction in crypto valuations, consumer interest in the sector remains strong.” The report, which includes the bank’s new crypto survey, also shows “growing interest” in cryptocurrency’s use as a means of payment. Bank of America Global Research published a report Monday highlighting…

Circle Launches Second Major Stablecoin Backed 1:1 by the Euro

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Post Views: 206 On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethereum network and will be “available to mint and redeem on June 30th.” Designed for stability, Euro…