Citi has announced plans to offer Bitcoin custody services to institutional clients, integrating digital assets with traditional ones under its Custody+ platform. This move signifies a deeper commitment by Wall Street to embrace cryptocurrency, providing clients with real-time asset servicing and AI-powered market intelligence. The launch is expected later this year, reflecting growing institutional interest in crypto assets.
Bitcoin's price reached $65,000, driven by market volatility and geopolitical tensions between the US and Iran. The S&P 500 also rebounded from recent lows, indicating a broader market recovery. This price movement underscores Bitcoin's sensitivity to global events and its role as a potential hedge against traditional market fluctuations.
Edward Zimbardi, accused of orchestrating a $165 million crypto Ponzi scheme, has been deported from Fiji to the US to face charges. Prosecutors allege Zimbardi misappropriated funds from thousands of investors, losing significant amounts on currency trades while spending millions personally. This case highlights ongoing concerns about fraudulent activities in the crypto space.
Wyoming has announced its decision to replace its blockchain infrastructure with a new system, citing security concerns. This move marks the first time a U.S. government entity has publicly shifted its blockchain strategy for security reasons. The decision is part of a broader trend of reevaluating blockchain technologies to ensure robust security measures.