Tag: Jamie Dimon

In another return to the technology underpinning Bitcoin, JP Morgan Chase is determined to become a significant player in the blockchain ecosystem by making its cross-border payment solution, Quorum, an independent project. And Quorum was Reborn JPMorgan Chase is one of the first institutional investors to catch the blockchain bug. The large U.S bank first created Juno, a “distributed cryptoledger”…

READ MORE

An internal report on cryptocurrencies by JP Morgan has surprised many observers as it flies in the face of widespread perceptions of the financial powerhouse’s attitude towards virtual currencies. More than a just grudging acknowledgment of digital coins’ presence in the here and now, it seems almost positive in its summary and future predictions. Was Dimon’s Apology Just an Olive…

READ MORE

On January 10, 2018, analysts from Goldman Sachs Group, the Fortune 500 investment company, published a nine-page lengthy report titled “Bitcoin as Money.” Taking Crypto Seriously The report was the firm’s first exploration of bitcoin’s possible use as a currency and was written primarily by analysts Zach Pandl and Charles Himmelberg for the clients of the company. In the report,…

READ MORE

The CEO of the financial services company JP Morgan Chase “regrets” statements he made in September of 2017 when he publicly denounced bitcoin as being fraud. His accusations included claiming that the craze was worse than the much-referenced tulip bulb frenzy, and threatening to fire anyone “stupid enough to trade bitcoin.” Nonetheless, JP Morgan’s firms began openly trading bitcoin when…

READ MORE

Following recent comments about Bitcoin being a fraud, JPMorgan Chase CEO Jamie Dimon is facing an accusation of manipulating the market, appearing to force BTC-USD lower on his well-publicized criticism. Bitcoin Slides After Dimon’s Remarks City A.M. reported on September 21 that Blockswater, a Swedish liquidity provider, filed a market abuse report against J.P. Morgan. The accusation followed a tirade…

READ MORE