JPMorgan reports holding shares of several spot Bitcoin ETFs
The largest bank in the U.S. with $2.6 trillion in assets reported to the SEC that it had purchased roughly $760,000 worth of shares of Bitcoin ETFs. Go to Source
JPMorgan Chase
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Public blockchain ledgers ‘not fit for purpose,’ says JPMorgan exec
Despite the criticism, TradFi institutions still prefer using public blockchains for real-world asset tokenization. Go to Source
JPMorgan CEO Jamie Dimon: Bitcoin Is a Fraud, There’s No Hope for BTC as a Currency
JPMorgan Chase CEO Jamie Dimon has doubled down on his anti-bitcoin stance, emphasizing that the crypto is a fraud with no future as a currency. “It’s a Ponzi scheme,” the executive stressed. However, despite his strong opinion about bitcoin, JPMorgan is an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Dimon, while advising investors … Read more
Satoshi’s Growing Fortune, JPMorgan Says Halving Priced in, Peter Brandt Raises BTC Price Target, and More — Week in Review
Bitcoin’s valuation surged past the $1 trillion mark, significantly increasing the net worth of its elusive creator, Satoshi Nakamoto, by nearly $9 billion in two months. JPMorgan Chase analysts have identified the Bitcoin halving event and an upcoming major Ethereum network upgrade as key drivers of cryptocurrency prices. Veteran trader Peter Brandt has revised his … Read more
‘If I was the government, I’d close it down’ — Chase CEO on crypto
Jamie Dimon has previously referred to cryptocurrencies as “decentralized Ponzi schemes” and Bitcoin as a “fraud.” Go to Source
JPMorgan, Apollo plan for enterprise mainnet, execs reveal
The ‘enterprise mainnet’ provides the scalability to add applications to a network that already has a KYC-compliant set of institutional banks, broker-dealers and asset managers. Go to Source
JPMorgan Coin handles over $1 billion in daily transactions, executive says
This represents a massive surge since the last update in June when the company said that $300 million were transacted in the first three years after the launch of JPMorgan Coin. Go to Source
First Abu Dhabi Bank completes cross-border payments testing on JPMorgan Onyx
The FAB pilot follows Bank ABC’s in Bahrain. JPMorgan also just launched its Tokenization Collateral Network on Onyx. Go to Source
JPMorgan debuts tokenization platform TCN with BlackRock among key clients: Report
The platform enables the conversion of traditional assets into digital assets and makes way for faster and more secure settlements on-chain. Go to Source
Coinbase CEO slams Chase UK for ‘totally inappropriate’ crypto move
Coinbase CEO Brian Armstrong has been actively pursuing the exchange’s expansion ambitions in the United Kingdom amid mounting legal issues in the U.S.. Go to Source
