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Goldman Sachs Believes in Tokenization, May Follow JPMorgan - CEO


David Solomon, CEO of Goldman Sachs. Major investment bank Goldman Sachs is exploring the concept of tokenization and may play a role in it, CEO David Solomon told French publication LesEchos. Discussing fiat backed stablecoins, the CEO said that the bank believes in the potential of tokenization...

Bitcoin Futures’ Importance Has Been Underrated, Says JPMorgan


As per JPMorgan Chase & Co., the biggest bank in the United States, Bitcoin futures might be holding more significance than it is credited for in the present digital currency market. According to the recent reports presented by Bitwise, digital currency asset manager, along with the Blockchain...

A Surprise from JPMorgan: 'Bitcoin Has Intrinsic Value'


Bitcoin has intrinsic value, admitted a team of strategists at major investment bank JPMorgan Chase & Co and warned that the coin mirrors a boom-bust pattern of 2017. According to the strategists, bitcoin price now surges beyond its “intrinsic value,” trading about twice as high as where...

Australia Faces The Threat Of Unemployment


The graph of the unemployment rate in Australia has taken a step higher, which has affected the labor market adversely.  This mounting unemployment has boosted the chances of an interest-rate cut. As per the statistics bureau reports, the unemployment rate, which stayed at 5.1% in March,...

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