Tag: jp morgan

The cryptocurrency space has been touted as having the capacity to completely revolutionize the finance industry as we know it. With this in mind, more and more traditional financial institutions are moving towards offering a form of crypto-based service. World-renowned banking giant Goldman Sachs has joined the list of conventional banking institutions looking to dabble in the cryptocurrency space. A source that spoke...

Bitcoin is consolidating close to $37,070 for the day, and altcoins like DOT and LINK are skyrocketing and making new all-time highs. There's lots of action going on in the crypto and blockchain sphere. Let’s find out some interesting crypto news for today....

Reading Time: 2 minutes JPMorgan analysts have written a note to investors to suggest that a Bitcoin price of $146,000 is a “long-term target” The analysts say that a “convergence” with the gold market can take Bitcoin close to $150,000 per token However, this is a...

The appointment comes as U.S.-based Ripple is openly contemplating relocating its headquarters to another country, citing lack of regulatory clarity.

Reading Time: 3 minutes JPMorgan has changed its opinion on Bitcoin so quickly this year that it must have whiplash Its has released numerous bullish reports on Bitcoin’s use case after years of denigrating it Could the sea change be a case of positive manipulation...

The ongoing Bitcoin bull rally has made some of its biggest critics to change their views towards the scarce digital asset. Be it BlackRock CEO Laurence D. Fink who once called bitcoin a money-laundering tool back in 2017 now belive that bitcoin would expand into a global market. Billionaire Investor Ray Dalio took a U-turn The post "Gold Will Suffer For Years Because...

Sber, the largest Russian bank has revealed its plans of working towards developing their own digital currency back in August, now the CEO of the bank Herman Gref has...

Bitcoin touched a yearly high of $19,400 before registering a 14% price correction last week. The price correction after three weeks plunged bitcoin prices to near the $16,500 mark on Friday....

In their “Flows & Liquidity” report, JP Morgan analysts say institutions are piling into bitcoin at a stronger pace this quarter than they were in Q3 and may have a bigger role in price movement than quantitative traders.

Bitcoin soared past the $18,500 mark to set another yearly high reaching $18,936 late night on Friday. On its way to the new yearly high, the king coin also surpassed the $350 billion market capitalization, making it bigger than JP Morgan for a brief period of time. The price fell back to $18,600 levels soon The post Bitcoin's New Yearly High Makes it...

Reading Time: 2 minutes A new JPMorgan report has found that institutional Bitcoin buying has rapidly outpaced gold ETF purchases this year The bank says that this represents a changing attitude on Bitcoin by accredited investors JPMorgan has been more bullish on...

Reading Time: 2 minutes JPMorgan has announced that it will run the first real world test of its JPM Coin this week The bank’s in-house digital currency was announced in February 2019 Success could see JPM Coin kill off the likes of XRP JPMorgan will test its...

JPMorgan furthered its blockchain efforts this week with two major announcements, according to reports from CNBC. JPM Coin Takes Flight With First Transaction JPMorgan's stablecoin (JPM Coin) will be used in commercial...

Bitcoin-Gold-Stock Markets have been on investors' radar throughout 2020. Interestingly, after Monday's major sell-off in the stock market, BTC continues to show its strength and is trading above $13,4000...

Reading Time: 2 minutes A JPMorgan investor note has proclaimed Bitcoin’s “considerable” long term upside The note added that Bitcoin could “compete more intensely” with gold The bank’s view is at odds with those of its CEO Jamie Dimon who says Bitcoin is a scam...

\+ CFTC Chair Gushes About ETH This week, another big institutional player invested an eye-opening sum in Bitcoin, while BTC's overall bullish trend shows no signs of slowing down. CFTC Chairman Heath Tarbert praised Ethereum while dancing around whether ETH or the greater DeFi landscape should be labeled securities or commodities. We also have a roundup of the latest...

U.S. banking giant JP Morgan Chase agreed to pay fines of almost a billion dollars after acknowledging offenses regarding commodity market manipulation investigations. On Sept. 29, the Commodity Futures Trading Commission (CFTC) concluded what has been the largest-ever settlement imposed by the derivatives regulator according to Reuters. The bank has been engaged in a pattern The post Why JP Morgan Getting Fined $1bn...