Cryptocurrency News
JP Morgan Chase CEO Jamie Dimon attacked the Bitcoin (BTC) cryptocurrency when asked at a Senate Hearing about what to do about the crypto used for illegal activities. Dimon and seven other bank CEOs also said that the crypto companies need to be required to abide by the same anti-money-laundering […]
There are always some developments taking place in the crypto space that might not make sense at first. Secret meetings between Jamie Dimon and Brian Armstrong, for example, tend to raise a lot of questions. As it turns out, the love-hate relationship between Bitcoin and JP Morgan has a few […]
As has become customary in the world of cryptocurrencies, tokens, and digital assets, Friday evenings often yield some surprising momentum. Although the past few days have been somewhat bearish, no one really expected the XRP price to decline further. That is what has happened after all, as the asset is […]
It’s only February and already, we’ve had one of the biggest announcements in the crypto industry. JP Morgan announced yesterday that it had successfully trialed the JPM Coin. It will use it for its $6 trillion wholesale payments business as well as securities transactions. In doing so, it became the […]
JP Morgan Chase has created the first bank-backed cryptocurrency in the United States. Dubbed the JPM Coin, the new crypto will target the instantaneous transfer of payments between institutions. The bank is one of the biggest wholesale payments processors in the world, moving more than $6 trillion every day. It intends […]
Institutional investors are quickly losing interest in Bitcoin, JP Morgan has stated in recent research. According to the bank, key flow metrics have dwindled in recent months indicating reduced interest from the professional investors. The research cited interest in Cboe Global Markets which is at its lowest since Bitcoin futures […]
Pang Huadong was at the heart of the crumbling financial services industry during the 2008 financial crisis, and from his experience during that troubled time, he believes that blockchain technology is the answer to averting such a crisis. Blockchain technology significantly reduces the cost of trust, which in the long […]
Banks have always acted very hostile toward Bitcoin and other cryptocurrencies. Even the underlying blockchain technology was widely considered to be a fad. Today, the tune played by financial institutions is very different. The Tune of JPMorgan is Very Different So much even that the blockchain hype remains in full […]
Banks around the globe are looking to experiment with innovative technology. Primarily Japanese financial institutions are eager to experiment with blockchains. It is for that specific reason several dozen institutions will become part of JPMorgan’s DLT network. More Blockchain Exploration in Japan Japan is a country where blockchain ventures in […]
Bitcoin has been unstoppable in recent weeks. The digital currency continued its recovery after a horrid few months, hitting a 2019 high of $8,350. This was after the currency had traded below $4,000 just a month earlier. While many believe that the price is finally catching up to the developments […]
Cryptos will ultimately replace the banks, right? Wrong. At least not according to one executive at JPMorgan Chase. The traditional banking industry is so intertwined with society that it’s practically impossible to uproot, he believes. Banks haven’t been the most enthusiastic when it comes to cryptos. Jamie Dimon, the JPMorgan […]
Banks have shown a keen interest in Bitcoin technology over the years. Various patents have been filed by these financial institutions to explore new potential business use cases. JPMorgan was recently awarded a patent which could allow the bank to issue blockchain-based virtual depository receipts. JPMorgan Chase and Blockchain With […]
Morgan Stanley has become the latest Wall Street firm to venture into Bitcoin trading, with reports emerging that the investment bank intends to offer its clients derivatives tied to the crypto. Citing a source with knowledge on the matter, Bloomberg reported today, September 13 that the bank has already set […]
Diversifying your portfolio is essential for risk management and maximizing returns. It helps spread investments, reducing the impact of volatility the crypto market is prone to. As we look ahead to 2024, knowledgeable investors are focusing on three assets: Polygon, AVAX, and the unique Pullix Hybrid exchange token (PLX). Read […]
Chase, a JP Morgan subsidiary, has banned digital currencies in the UK. This indicates the firm will not have crypto trading and transactions accruing. The ban has sparked a lot of attention in the decentralized ecosystem, as many individuals suggest the move was unfair and unethical. Users based in the […]
The burgeoning FinTech industry is increasingly looking for new ways to enable a seamless financial experience. This assertion was evident all through 2019, as startups and established enterprises introduced us to some of the mind-boggling FinTech projects yet. And remarkably, many of these solutions have an element of blockchain and […]
With the rapid growth of the cryptocurrency space, more and more niches and industries are seeing legitimate disruption from startups and projects leveraging blockchain. One such example is finance, or more specifically, lending. Collectively, billions of dollars worth of loans have been created, much of which took place in 2019 […]
Gold vs. Bitcoin is a debate that has heated up ever since the virtual currency took off a few years back. Crypto proponents believe that it’s time to move on from gold as the standard store of value, and Bitcoin’s is the obvious replacement. However, according to one investment mogul, […]