Category: JPMorgan

‘Not My Cup of Tea’: Jamie Dimon Is Still Not a Bitcoin Fan

November 18, 2020

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Nov 18, 2020 at 3:17 p.m. UTCUpdated Nov 18, 2020 at 3:53 p.m. UTC JPMorgan Chase CEO Jamie Dimon(Win McNamee/Getty Images) ‘Not My Cup of Tea’: Jamie Dimon Is Still Not a Bitcoin Fan JPMorgan Chase CEO Jamie Dimon said blockchain will have a pivotal role in the future of finance even if bitcoin, the […]

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Family Offices May Now See Bitcoin as Alternative to Gold: JPMorgan Report

November 8, 2020

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Nov 8, 2020 at 23:11 UTCUpdated Nov 9, 2020 at 14:34 UTC The Grayscale Bitcoin Trust is outperforming gold exchange-traded funds (ETFs), a trend perhaps driven by institutional investors like family offices, according to a report by JPMorgan analysts that CoinDesk has obtained. “This contract lends support to the idea that some investors that previously […]

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Bitcoin at $15K is now bigger than PayPal, Coca-Cola, Netflix, Disney

November 8, 2020

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In early September of this year, the market capitalization of Bitcoin (BTC) was hovering at around $190 billion when the BTC price was hovering around $10,000. In the past two months, however, the price of Bitcoin rose from to over $15,000. With it, the market cap of Bitcoin surged from $190 billion to around $280 […]

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The World Is Never Getting Off Government Stimulus

October 31, 2020

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Oct 31, 2020 at 13:00 UTC (elenabs/iStock via Getty Images Plus) The World Is Never Getting Off Government Stimulus The Breakdown weekly recap looks at bitcoin buying by Iran, JPM Coin and the latest round of lockdowns coming to Europe. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with […]

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JPM Coin debut marks start of blockchain’s value-driven adoption cycle

October 30, 2020

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On the heels of PayPal announcing its decision to enter the crypto sector early next year, Bitcoin (BTC) has continued its strong performance and has been hovering around the $13,500 mark for nearly a week now. In this regard, the payment giant’s foray into the crypto market has been hailed as a game changer, especially […]

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JPMorgan’s ‘JPM Coin’ Is Live, Execs Say

October 27, 2020

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Oct 27, 2020 at 12:11 UTCUpdated Oct 27, 2020 at 13:07 UTC (Roman Tiraspolsky/Shutterstock) Investment banking giant JPMorgan is about to see the first commercial transactions with its own cryptocurrency, JPM Coin. According to a report from CNBC Tuesday, Takis Georgakopoulos, JPMorgan global head of wholesale payments, said a major tech firm will use the […]

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JPMorgan’s stablecoin finally sees commercial light of day

October 27, 2020

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JPMorgan Chase now recognizes blockchain’s profitability and has created a new business dedicated to digital currency and blockchain work. 5568 Total views 72 Total shares A year-and-a-half after it was first announced, JPM Coin — JPMorgan Chase’s in-house stablecoin — is now live and in use by a major transnational tech firm for round-the-clock cross-border payments. According […]

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Bitcoin’s Rivalry With Gold Plus Millennial Interest Gives It ‘Considerable’ Upside Potential: JPMorgan

October 24, 2020

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Oct 24, 2020 at 15:43 UTCUpdated Oct 24, 2020 at 16:19 UTC Bitcoin’s Rivalry With Gold Plus Millennial Interest Gives It ‘Considerable’ Upside Potential: JPMorgan Bitcoin has proven itself to be a risk asset, not a safe haven, with “considerable” potential upside, according to a Friday note from JPMorgan’s Global Quantitative and Derivatives Strategy team […]

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