#JP Morgan News

Chinese Media Bitcoin Bull Run Could be Bearish for Gold and Precious Metals

JP Morgan: Institutional Investors Prefer Bitcoin (BTC) Over Gold as Inflation Fears Rise

October 10, 2021 by Aisshwarya Tiwari at Bitcoin

Forget gold, institutions are piling into bitcoin (BTC) to hedge against raging inflation. BTC More Attractive than Gold, JP Morgan Report Says According to a recent statement by Wall Street behemoth JP Morgan Chase, institutional investors are more interested in the premier cryptocurrency compared to gold, especially when it comes...

Bitcoin’s Value Surpasses that of Four Prominent Banks in America

April 12, 2021 by Wayne Jones at Bitcoin

Going by an April 10, 2021 tweet from Documenting Bitcoin, the value of Bitcoin has exceeded a combination of America's top financial institutions. The four banks included on the list include Citibank, JP Morgan, Wells Fargo, and the Bank of America. https://twitter.com/DocumentingBTC/status/1380894478467235843 Bitcoin's Reign According to Infinite Market Cap, Bitcoin...

Bitcoin Shows Some Signs of Stabilization After Brutal Decline

JPMorgan Says Retail and Institutional Bitcoin Flows Were Equal in Q1

March 16, 2021 by Wayne Jones at Bitcoin

According to a JPMorgan report, institutional and retail bitcoin flows balanced throughout the first quarter of 2021. JPMorgan Analysis Details Retail investors accumulated over 187,000 Bitcoins this quarter as a proxy using Square and Paypal data, compared to approximately 205,000 last quarter, strategists, including Nikolaos Panigirtzoglou, in a report on...

Bitcoin-Becomes-the-Main-Method-Of-International-Payment

Kraken CEO is Confident BTC Could Go Further than $1 Million

March 5, 2021 by Wayne Jones at Bitcoin

Kraken head Jesse Powell has made an unprecedented prediction that bitcoin could reach $1M in value. Powell on Bitcoin’s Future Potential The CEO, who is bullish on the world's most known crypto, stated that BTC enthusiasts agree that digital assets will eventually replace fiat currencies. Jesse joins several other bitcoin...

BNY Mellon Speculated to Enlist Fireblocks Platform for BTC Custody Services

February 23, 2021 by Wayne Jones at Bitcoin

Corporate banking company BNY Mellon revealed it is working with a different entity for its digital asset custody services, although it did not specify any group. Fireblocks Rumor However, according to Coindesk, the investment giants are working with Fireblocks in holding cryptos in their client's capacity. BNY and Fireblocks have...

JP Morgan: Bitcoin Volatility Needs to Reduce for Price to Steady Above $50k

February 17, 2021 by Dalmas Ngetich at Bitcoin

JP Morgan strategists opine that Bitcoin volatility needs to taper for prices to remain above $50k. In a note to investors on Feb 16, Nikolaos Panigirtzoglou and his team said BTC/USD price action is fragile with real risks of a correction at spot rates. Bitcoin Price Rises Despite Volatility Concerns...

Crypto Market Cap Finally Surpasses $1 Trillion Mark, What’s Next?

January 7, 2021 by Wayne Jones at Bitcoin

In just one week in 2021, the entire cryptocurrency market's total capitalization has finally surpassed $ 1 trillion. According to data from Coinmarketcap, the entire crypto market is worth more than $ 1 trillion, beating the highest estimate to date of $820 billion in January 2018. With a total current...

JPMorgan's Automotive Subsidiary Taps Blockchain Technology for Vehicle Tracking

J.P. Morgan Report: The Rise of Digital Money is Here

February 23, 2020 by Ashwath Balakrishnan at Blockchain

One of the most respected investment banks, J.P. Morgan, has issued a report that confirms their belief in the digital currency revolution. The launch of JPM Coin was met by surprise from the crypto community following the firm's managing director's controversial remarks regarding Bitcoin. Nonetheless, J.P. Morgan has doubled down...

JPMorgan’s Automotive Subsidiary Taps Blockchain Technology for Vehicle Tracking

November 25, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

Chase Auto, the car financing subsidiary of JPMorgan Chase, the largest bank in the United States, has submitted a patent application to use a blockchain-based system in tracking the inventory offered to its car dealers, thereby eliminating any inefficiencies in auditing a car dealer's inventory, reports Pymnts, November 24, 2019....

Singapore: MAS Partners JP Morgan to Develop Blockchain-Enabled Payments Network

November 11, 2019 by Aisshwarya Tiwari at Blockchain

Singapore’s financial regulator, the Monetary Authority of Singapore (MAS) has entered into a partnership with Wall Street titan JP Morgan Chase and Temasek to develop a distributed ledger technology-powered (DLT) multi-currency payments network. This, according to a report by Finance Magnets, November 11, 2019. Part of Project Ubin In a...

Jamie Dimon Isn’t Worried About Competition From Libra

July 18, 2019 by Ashwath Balakrishnan at Altcoins

The CEO of America's biggest bank, J.P. Morgan Chase, doesn't believe it is worth losing sleep over Libra for the time being. Dimon is of the view that in the short term, Libra will have little to no effect on banks and global payments in general. He further stated that...

JPM Coin, Ripple Dash Ether Figures Power Gold

JP Morgan‘s Cryptocurrency to Begin Customer Testing This Year

June 25, 2019 by Eddie Mitchell at Altcoins, News

An interview with JPMorgan’s head of digital treasury services and blockchain Umar Farooq has revealed that the financial giant is getting ready to test out their JPM Coin with clients, as per a report from Bloomberg Japan, June 25, 2019. Trial Phase As per the report, Umar Farook disclosed that...

JPMorgan: Bitcoin Set for Another Boom and Bust Cycle

May 21, 2019 by Anthonia Isichei at Bitcoin, Investment, News

A recent study by JP Morgan reveals that bitcoin’s recent price pump has caused the coin to surpass its intrinsic value. Per a report on Bloomberg, March 20, 2019, the strategists, however, warn that the BTC price surge echoes 2017’s bull rally which saw the market crash afterward. History Repeating Itself? U.S. investment...

How a Banking Consortium is Leveraging Blockchain to Scale Efficiency

May 14, 2019 by Ashwath Balakrishnan at Adoption, Blockchain, Business, News

J.P. Morgan led banking consortium, Interbank Information Network (IIN), is using blockchain's network effect to move a staggering volume of workflow to a distributed ledger, as reported by Forbes on May 13, 2019. Enterprise Blockchain Advancing In October of 2017, J.P. Morgan (JPM) quietly initiated a tiny network of their industry competition...

Truffle Consensys Spinning Cakes Lovely Colours Green Pink Cakes

Truffle Raises $3 Million to Expand Operations; Spins-off from ConsenSys

May 1, 2019 by Ashwath Balakrishnan at Blockchain, Business, Development, News

In an exclusive reveal to Forbes, April 29, 2019, Truffle announced it is spinning off from ConsenSys and has raised money to expand into enterprise-grade solutions. Following the spin-off, Joseph Lubin will join as a board member. Bringing Blockchain to the Corporate World When the Truffle Suite first launched, it...

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