Category: JPMorgan

Bitcoin short-term setup is challenging, JPMorgan strategists warn

June 28, 2021

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Bitcoin and the crypto market are at the beginning of a healing process, JPMorgan analysts say in a note. 791 Total views 2 Total shares Bitcoin’s (BTC) weekend dance between $30,000 and $34,000 seems to strengthen the short-term uncertainty narrative, as JPMorgan strategists believe the cryptocurrency market is not yet healthy. A Friday note from […]

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Goldman Sachs reportedly started trading on JPMorgan’s repo blockchain

June 23, 2021

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Goldman Sachs reportedly traded digitized treasury bonds for JPM Coin on JPMorgan Chase’s Onyx blockchain platform. 1334 Total views 8 Total shares After six months of eyeing JPMorgan Chase’s custom blockchain service for repo markets, Goldman Sachs has started trading on the platform.  Mathew McDermott, global head of digital assets for Goldman Sachs’ global markets […]

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Bye, alt season? Analysts see traders rotating back to Bitcoin after $30K ‘reset’

May 20, 2021

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The Bitcoin (BTC) market bias stands divided on how to interpret the BTC price crash this week, wherein the pair lost more than 35% of its value at one point on Wednesday, crashing to as deep as $30,000 on Coinbase. Global media outlets attributed the plunge to China reiterating its anti-crypto business stance and Tesla suddenly […]

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Institutional investors dump Bitcoin for gold, JPMorgan analysts say

May 19, 2021

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JPMorgan still sees a $140,000 Bitcoin price as a long-term theoretical target. 1685 Total views 5 Total shares Amid Bitcoin touching five-month lows near $30,000, JPMorgan Chase analysts suggested that large institutional investors are now dumping Bitcoin (BTC) in favor of gold. In its Tuesday note to clients, JPMorgan suggested that institutional investors are going back to […]

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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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