Search
Bitcoinization of El Salvador: JPMorgan Sees No ‘Tangible Economic Benefits’ of Bitcoin as Legal Tender
13.7.2021
JPMorgan has offered its view on the bitcoinization of El Salvador, the country which recently made bitcoin legal tender alongside the U.S. dollar. JPMorgan says, “It is difficult to see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.”...
El Salvador Bitcoin move will put pressure on network: JPMorgan
12.7.2021
Daily payment activity in El Salvador would represent more than 1% of the total value of BTC that have been transferred between wallets in the past year, JPMorgan experts say
Paraguayan MP To Test BTC Bill This Week, JPMorgan Questions Bukele's Move
12.7.2021
Palacio de López is a palace in Asunción, Paraguay, that serves as workplace for the President of Paraguay, and is also the seat of the government of Paraguay. Traditional financial analysts are pouring uninformed scorn on El Salvador’s President Nayib Bukele’s bitcoin (BTC) adoption plans – while...
France and Singapore pilot cross-border CBDC transactions
8.7.2021
The central banks of France and Singapore are working on a digital currency interoperability system supporting multiple global CBDCs
Goldman Sachs Sees More Potential in Ether Than Bitcoin
8.7.2021
Global investment bank Goldman Sachs says ether is the cryptocurrency with the highest real use potential and it could overtake bitcoin as the dominant digital store of value. Ether Could Overtake Bitcoin as Dominant Store of Value, Says Goldman Sachs Goldman Sachs shared its view on the future...
Sygnum Bank Launches ETH 2.0 Staking – Business Unit Head Says ‘Staking Is a Core Element for Portfolios’
7.7.2021
The Switzerland-based bank Sygnum revealed on Tuesday that the firm now allows Ethereum 2.0 staking. The FINMA-approved company’s customers can access the Ethereum-based staking services via Sygnum’s banking platform. Sygnum’s Banking Platform Offers Ethereum 2.0 Staking Last...
JPMorgan Predicts When Bitcoin Bear Market Will Be Over
4.7.2021
Global investment bank JPMorgan has predicted that the bitcoin price slump will likely be over when the cryptocurrency’s dominance rises back above 50%. “I think that’s another indicator to watch here in terms of whether this bear phase is over or not,” the firm’s...
Bitcoin Still Commands the 9th Largest Market Capitalization in the World
3.7.2021
Despite the drop in value during the last three months, the leading crypto asset bitcoin is still the ninth most valuable asset in the world in terms of market capitalization. Moreover, bitcoin could flip some of the world’s most valuable assets in the future, as the crypto asset is 67% away...
Grayscale Buys Cardano, JPMorgan on Ethereum Staking + More News
2.7.2021
Source: Adobe/Skórzewiak
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
____
Investments news
Major US-based crypto investment company Grayscale Investments said it has sold some existing...
JPMorgan report: Eth2 could kick-start $40B staking industry by 2025
2.7.2021
CEO Jamie Dimon may not support crypto, but two JPMorgan analysts say proof-of-stake coin yields are attractive investments in this zero-rate environment
Bitcoin and DOGE Rally, JPMorgan Warns Bitcoin Could Risk Loss In July
2.7.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Although the crypto markets are still plagued by China FUD, the markets as a whole are recovering in the last two days. Bitcoin tested the 29K USD psychological level once but has since rebounded...
JPMorgan Says Crypto Market Is Healing, Expects More Price Decline Before Capitulation
29.6.2021
JPMorgan Chase has released an investor note stating that the cryptocurrency market appears “to be beginning the process of healing.” In the short term, however, the JPMorgan analysts expect further sell-offs before capitulation. JPMorgan’s Crypto Market Outlook JPMorgan...
Bitcoin short-term setup is challenging, JPMorgan strategists warn
28.6.2021
Bitcoin and the crypto market are at the beginning of a healing process, JPMorgan analysts say in a note
Institutions have no appetite for Bitcoin at this price level: JPMorgan
25.6.2021
JPMorgan does not expect a bull run for Bitcoin over the medium term based on the BTC-to-gold volatility ratio
JPMorgan Survey: 49% of Institutional Investors Agree Cryptocurrency Is ‘Rat Poison’ as Warren Buffett Says or a Fad
24.6.2021
Investment bank JPMorgan conducted a survey of thousands of investors from 1,500 institutions and found that 49% of them think that cryptocurrency is either “rat poison squared,” the term used by Berkshire Hathaway CEO Warren Buffett to describe bitcoin, or “a temporary...
Goldman Sachs reportedly started trading on JPMorgan’s repo blockchain
23.6.2021
Goldman Sachs reportedly traded digitized treasury bonds for JPM Coin on JPMorgan Chase's Onyx blockchain platform
JPMorgan Is Stockpiling Cash – CEO Claims There’s a ‘Very Good Chance Inflation Will Be More Than Transitory’
15.6.2021
Investment bank JPMorgan Chase is stockpiling cash according to the company’s CEO Jamie Dimon. The investment banker doesn’t seem to believe inflation is “transitory” and he thinks there’s a “very good chance” inflation could stick around. JPMorgan Chase...
JPMorgan Warns of Incoming Bitcoin Bear Market Citing ‘Unusual Development’ in Futures
14.6.2021
Investment bank JPMorgan Chase has warned of a further bitcoin price decline, expecting an incoming bear market. The bank’s analysts look at the trend in bitcoin futures and see “an unusual development and a reflection of how weak bitcoin demand is at the moment from institutional...
Bitcoinization: JPMorgan Notes ‘Similarly Situated’ Countries Could Make Bitcoin Legal Tender Like El Salvador
13.6.2021
JPMorgan struggles to “see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” Commenting on El Salvador’s bitcoinization, JPMorgan did not rule out that the country’s move to make the cryptocurrency legal tender may...
JPMorgan on El Salvador's Bitcoin Move, Miners Win In New York + More News
11.6.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
____
Adoption news
The question remains whether the designation of bitcoin (BTC) as legal tender by El Salvador has mechanical implications for...