Category: JPMorgan

Central Bank of Bahrain and JPMorgan to work on digital currency settlement pilot

May 13, 2021

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The Central Bank of Bahrain expects that its digital currency collaboration with JPMorgan and Bank ABC could extend to a CBDC. 3533 Total views 24 Total shares The government of Bahrain, the third-richest Arab country, is working with American investment bank JPMorgan Chase on a digital currency settlement pilot. The Central Bank of Bahrain officially […]

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From nay to yay: JPMorgan’s path to crypto could shake up finance

May 4, 2021

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JPMorgan Chase’s constant love-hate relationship with cryptocurrency has been a fascinating one to observe over the years, especially since the digital asset sector started exploding at the start of 2021. To put things into perspective, between February and April, the total market capitalization of the space doubled from $1 trillion to $2 trillion. As a […]

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JPMorgan and DBS to launch blockchain cross-border payment platform

April 28, 2021

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JPMorgan and DBS’ new blockchain interbank platform is designed to complement central bank digital currency projects. 16699 Total views 55 Total shares Major American investment bank JPMorgan is working with Singapore’s largest bank, DBS, and state investment firm Temasek to launch a new blockchain company focused on global payments and interbank transactions. Dubbed Partior, the […]

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Visa, JPMorgan and ING discuss Bitcoin, Ether and stablecoin development

April 16, 2021

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If 2021 has taught us anything about digital currencies, it’s that big banks and major payments providers are now feeling more comfortable with Bitcoin (BTC). While the CEO of PayPal and other large corporations are expressing excitement for crypto payments and salaries paid in Bitcoin, executives from Visa, JPMorgan and ING all agree that Bitcoin is […]

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JPMorgan, Mastercard, UBS lead $65M ConsenSys raise

April 13, 2021

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ConsenSys is using the funds to expand its enterprise blockchain solutions centered around DeFi and Web 3.0. 9397 Total views 25 Total shares ConsenSys, a prominent blockchain software company, has raised $65 million in strategic investments from major financial institutions including JPMorgan Chase, Mastercard and UBS, offering yet another sign that traditional finance is entering […]

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Ark Invest and JPMorgan expect Bitcoin to hit $130K-$470K

April 5, 2021

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JPMorgan expects Bitcoin (BTC) to reach $130,000, while Ark Invest anticipates the market valuation of BTC to surpass that of gold. The optimistic macro prediction from both funds revolves around the scarcity of Bitcoin, which has buoyed its popularity as a safe-haven asset. BTC/USD 1-day price chart (Binance). Source: TradingView.com Why are both high-profile funds […]

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South Korean internet giant Naver reportedly joins Bithumb stake race

March 22, 2021

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Naver is reportedly looking to strengthen its position in the crypto industry with a potential equity stake in South Korea’s largest crypto exchange. 6182 Total views 24 Total shares Major South Korean internet company Naver has reportedly begun negotiations to acquire a stake in the country’s largest cryptocurrency exchange, Bithumb. Naver has discussed a potential […]

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Crypto is ‘poorest hedge’ for drawdowns in equities, JPMorgan analysts say

February 19, 2021

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Analysts bashed Bitcoin despite JPMorgan co-president Daniel Pinto claiming that Bitcoin adoption is inevitable at some point. 8347 Total views 25 Total shares Analysts at American investment bank JPMorgan Chase have delivered another skeptical statement on Bitcoin (BTC), arguing that its current price is much higher than its fair value. In a regular memo for […]

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Bitcoin’s Price Volatility May Hamper Its Progress Above $50K, JPMorgan Says

February 17, 2021

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The bank’s analysts pointed to gold’s much lower volatility. Feb 17, 2021 at 2:13 p.m. UTCUpdated Feb 17, 2021 at 2:33 p.m. UTC Bitcoin’s Price Volatility May Hamper Its Progress Above $50K, JPMorgan Says Bitcoin’s price volatility needs to subside for the cryptocurrency to continue its stellar rally, according to analysts at investment banking giant […]

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JPMorgan will get into Bitcoin ‘at some point’, says co-president

February 12, 2021

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JPMorgan co-president Daniel Pinto said that the current demand “isn’t there yet” for the firm to get into Bitcoin, but he is sure that “it will be at some point.” 2982 Total views 17 Total shares Major U.S. investment bank JPMorgan Chase will eventually have to get involved in Bitcoin (BTC), co-president Daniel Pinto believes. […]

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