#JP Morgan News

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...

JPMorgan Wants to Utilize Blockchain Technology to Revitalize Banking Payments System

April 22, 2019 by Aisshwarya Tiwari at Adoption, Blockchain, Finance, News

According to a report published by PYMNTS on April 22, 2019, JPMorgan Chase is mulling utilizing blockchain technology to bolster the banking industry’s payment system. The multi-national company is also considering getting onboard a number of fintech companies to develop the desired platform. Blockchain to Help in Revamping Banking Payment...

LGO Markets and BitGo Team Up to Offer Custodian Services

April 10, 2019 by Tokoni Uti at Bitcoin, Business, Finance, News

LGO Markets, a digital asset trading platform for institutional investors, has announced that BitGo will be their official partner to offer custodian services for their clients on April 8, 2019. Safekeeping 2019 is shaping up to be the year that cryptocurrency and the mainstream financial world have their long-awaited partnership....

JPMorgan Estimates “Fair Value” of Bitcoin at $2,400; Crypto Miners React

February 22, 2019 by Aisshwarya Tiwari at Bitcoin, Business, News

According to a report published by South China Morning Post on February 21, 2019, the U.S investment bank JPMorgan Chase estimates the “fair value” of bitcoin (BTC) at $2,400. Cryptocurrency Miners Not Impressed JPMorgan, in their January report titled Blockchain and Cryptocurrencies 2019: Adoption, Performance and Challenges, estimates the intrinsic...

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