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 […]
Tag: JPMorgan Chase
Only Ignorant Millennials Believe Bitcoin Will Replace Gold: Investment Mogul
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, […]
Crypto Companies Can’t Exist Without the Banks: JPMorgan Executive
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 […]
Bitcoin Price Surges To $3,775 For First Time In A Month As The Market Regains $7 Billion
Bitcoin has registered a 4.1 percent growth in the past 24 hours to trade at $3.775 at press time. The surge comes after a rather slow and uneventful week. In the past week, bitcoin’s price was unable to break away from the $3,660 level achieved on February 8. However, since hitting […]
It’s Happening! JP Morgan Launches the First Crypto Backed by a U.S Bank
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 […]
JPMorgan Chase Scores Another Bitcoin Technology Patent
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 […]