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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 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
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 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
The Modex ITO closes this Monday, on September 24t (6:00 pm CET). This is your chance to sign up and support the company developing the world’s First Multi-Protocol Smart Contract Marketplace with comprehensive dev tools, meant to help developers make smart contracts event smarter. The post PR: Last Chance to Contribute to Modex Tech ICO … Read more
Pang Huadong was at the heart of the crumbling financial services industry during the 2008 financial crisis, and from his experience during that troubled time, he believes that blockchain technology is the answer to averting such a crisis. Blockchain technology significantly reduces the cost of trust, which in the long run will lower the costs … Read more
Long-term investment in blockchain technology is an opportunity for the banking industry to reduce costs and become more efficient. This is according to Sergio Ermotti, the CEO of UBS Bank. In an interview with CNBC, he stated that the bank would continue to invest in blockchain tech in order to stay competitive. UBS Bank has … Read more
Enterprise blockchain consortium R3 is running out of money and could be bankrupt by early next year, Fortune reported on June 7. The startup announced that it had raised $107 million in May of last year, but it has emerged that lavish spending and lackluster performance have pushed the startup into a tight corner. According … Read more
Blockchain consortium R3 running out of money, say former employees, while R3 responds that they have “more than sufficient funding” Go to Source Powered by WPeMatico
So, JP Morgan bashes the crypto and develops its blockchain. Nothing new! Go to Source Powered by WPeMatico
