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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.
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Adoption news
The question remains whether the designation of bitcoin (BTC) as legal tender by El Salvador has mechanical implications for...
El Salvador's Bitcoin adoption may jeopardize IMF negotiations: JPMorgan
11.6.2021
JP Morgan says that El Salvador's decision to adopt Bitcoin as legal tender is of little economic benefit
JPMorgan points to weak Bitcoin futures as signal for bear market
10.6.2021
Bitcoin futures curve was in backwardation for most of 2018, a year when BTC lost 74% of its value, JPMorgan noted
Blockchain Career at JPMorgan, Miami Mayor's Crypto Investments + More News
3.6.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Career news
US-based investment banking giant JPMorgan Chace & Co. now has over 70 open blockchain-related job positions in the US, Europe...
Bitcoin price crash isn’t over, says JPMorgan strategist
1.6.2021
JPMorgan analyst Nikolaos Panigirtzoglou said that a medium-term fair value for Bitcoin now stands between $24,000 and $36,000
JPMorgan Boss Jamie Dimon Personally Advises People to ‘Stay Away’ From Cryptocurrency
30.5.2021
JPMorgan Chase CEO Jamie Dimon has given personal advice to investors regarding investing in cryptocurrencies, like bitcoin. He said that his own personal advice to people is to “stay away” from cryptocurrencies. However, his bank, JPMorgan, will not stay away as clients want exposure...
White House Defends Trillion-Dollar Stimulus While Jamie Dimon and Larry Summers Warn of Runaway Inflation
27.5.2021
On Wednesday the White House defended President Joe Biden’s trillion-dollar spending proposals despite the criticism concerning rising inflation and low-interest rates. Inflation has risen at unprecedented levels in the U.S. and the average American’s purchasing power is growing less...
Banks cautious about crypto ahead of COVID-19 testimony before US Senate
26.5.2021
CEOs of major American banking institutions are heading to Washington to face legislators' questions about how they will aid a post-pandemic economic recovery
JPMorgan, Goldman Sachs Initiate Coverage of Coinbase Stock — up to 60% Price Upside
25.5.2021
Investment banks JPMorgan and Goldman Sachs have initiated coverage of the Coinbase Global stock. JPMorgan gives Coinbase an overweight rating with a 60% upside potential while Goldman Sachs begins with a buy rating. JPMorgan, Goldman Sachs Now Covering Coinbase Stock A couple of major investment...
Central Bank of Bahrain and JPMorgan to work on digital currency settlement pilot
13.5.2021
The Central Bank of Bahrain expects that its digital currency collaboration with JPMorgan and Bank ABC could extend to a CBDC
Ether breaks $500 billion market cap for first time
12.5.2021
Bitcoin broke a $500 billion market capitalization in late December 2020
Traders Rotate From Bitcoin To Alts, While JPMorgan Sees Ether As Overvalued
10.5.2021
Ethereum (ETH) and altcoins might keep outperforming bitcoin (BTC) in the months ahead, while the most popular crypto is preparing for a lift off, according to major crypto exchange Kraken. Meanwhile, JPMorgan sees "froth" in the crypto market and claims that ETH is now heavily...
JPMorgan Boss Jamie Dimon Says ‘I Don’t Care About Bitcoin’ but Clients Are Interested
5.5.2021
JPMorgan CEO Jamie Dimon has reaffirmed his stance on bitcoin while acknowledging that his bank’s clients are interested in the cryptocurrency. “I don’t tell clients what to do,” he said while emphasizing that he does not care about bitcoin. Jamie Dimon Has No Interest...
Hundreds of Banks in US to Allow Customers to Buy, Sell, Hold Bitcoin Through Existing Bank Accounts
5.5.2021
Hundreds of banks in the U.S. will reportedly start offering access to bitcoin to their customers this year, thanks to a partnership between Fidelity National Information Services and the New York Digital Investment Group. Hundreds of banks have enrolled to participate in the program as they...
JPMorgan Boss Still Bashes Bitcoin – as His Firm Readies a BTC Fund
5.5.2021
Jamie Dimon, the CEO of JPMorgan. JPMorgan’s CEO Jamie Dimon has reiterated he has no interest in bitcoin (BTC) in spite of the fact that his company is reportedly on the verge of launching a ground-breaking bitcoin fund.
Last month, media reports linked the firm with the imminent launch of...
Southeast Asia’s Largest Bank DBS Says Trading Volumes on Its Cryptocurrency Exchange Have Increased 10 Times
5.5.2021
DBS, Southeast Asia’s largest bank, says that cryptocurrency trading volumes on its exchange have grown 10 times to around $30 million to $40 million. The bank is also collaborating with JPMorgan on a blockchain settlement platform and plans to launch its first security token offering in...
From nay to yay: JPMorgan’s path to crypto could shake up finance
4.5.2021
After bashing Bitcoin back in 2017, JPMorgan CEO Jamie Dimon seems to have softened his stance on crypto, and so has the firm itself