Former Employees of JP Morgan, Intel and TrustToken Launch Stablecoin
Former employees of JPMorgan, Intel, and TrustToken are launching a new stablecoin, dubbed the USDD Go to Source Powered by WPeMatico
JP Morgan
Auto Added by WPeMatico
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner, JP Morgan’s asset management arm, and the operator, Mediterranean … Read more
Cannabis, Cryptocurrency and Compliance: One Man’s Quest to Support Unbanked Businesses
Ernesto Huerto is the very embodiment of Bitcoin. As the operator of Crypto Space, a physical bitcoin exchange in Los Angeles’ San Pedro neighborhood, Huerto knows more than most about the challenges of running a cryptocurrency business while maintaining banking access and compliance. In a wide-ranging interview, the Crypto Space owner has disclosed the realities … Read more
Warren Buffett Calls Bitcoin a Delusion – But an Ingenious One
Warren Buffett’s opinion of bitcoin has evolved. In a recent interview, he described the cryptocurrency as ingenious but also called it a delusion. While admitting that his opinion of bitcoin has been upgraded, the CEO of Berkshire Hathaway asserted that “it attracts charlatans.” Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval … Read more
Did JP Morgan Miss The Point Of Cryptos, and What Effect Will JPM Coin Have?
It’s only February and already, we’ve had one of the biggest announcements in the crypto industry. JP Morgan announced yesterday that it had successfully trialed the JPM Coin. It will use it for its $6 trillion wholesale payments business as well as securities transactions. In doing so, it became the first bank in the U.S … Read more
XRP Price Drops a bit Following JP Morgan’s “Crypto” Announcement
As has become customary in the world of cryptocurrencies, tokens, and digital assets, Friday evenings often yield some surprising momentum. Although the past few days have been somewhat bearish, no one really expected the XRP price to decline further. That is what has happened after all, as the asset is losing ground in both USD … Read more
JP Morgan: Bitcoin Would Only Make Sense in a Dystopian Scenario
JP Morgan has continued to bash bitcoin and cryptocurrencies, saying the value of them is still unproven and that it will be at least another three to five years before blockchain technology makes a difference to the banking sector. Also read: Jamaica Stock Exchange Plans to List Security Tokens ‘A Dystopian Scenario’ America’s largest bank has … Read more
JP Morgan Analysts: Bitcoin Price Could Sink Even Further, Crypto Values Unproven
JP Morgan analysts reported that Bitcoin will likely drop below $1,260, while banks will not benefit from blockchain for another three to five years Go to Source Powered by WPeMatico
Bitcoin Price Watch: Are Institutional Players Losing Interest?
At press time, the father of cryptocurrency is trading for just under $4,000, marking little to no change since our last price piece. We’re in the final days of the month, and while December has often brought a sense of magic and stamina to bitcoin we rarely witness throughout the rest of the year, it’s … Read more
Institutional Investors No Longer Interested in Bitcoin: JP Morgan
Institutional investors are quickly losing interest in Bitcoin, JP Morgan has stated in recent research. According to the bank, key flow metrics have dwindled in recent months indicating reduced interest from the professional investors. The research cited interest in Cboe Global Markets which is at its lowest since Bitcoin futures launched a year ago. The … Read more
