Crypto is a nonexistent asset for big institutional investors – JPMorgan exec
The asset class volatility still poses a challenge to money managers, noted JPMorgan’s head of institutional portfolio strategy. Go to Source Powered by WPeMatico
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13% of Americans have now held crypto: JPMorgan research
The JPMorgan report is based on a study of cash transfers from banks to crypto accounts for over 5 million customers. Go to Source Powered by WPeMatico
Wikipedia Editors List FTX’s Questionable Blunder as the Top Trading Loss of All-Time
Following the collapse of FTX at the beginning of November, two top executives from FTX and Alameda Research — Sam Bankman-Fried and Caroline Ellison — have been listed among traders with the top trading losses worldwide on Wikipedia. According to the Wiki page, Bankman-Fried’s and Ellison’s so-called ‘trading loss’ of 51 billion nominal U.S. dollars … Read more
JPMorgan Chase Granted Wallet Trademark Covering Various Virtual Currency and Crypto Payment Services
The United States Patent and Trademark Office (USPTO) has granted JPMorgan Chase Bank’s trademark registration for “J.P. Morgan Wallet” for use in a wide range of financial services, including virtual currency transfers and exchanges, as well as crypto payment services. JPMorgan Chase’s Wallet Trademark JPMorgan Chase Bank has successfully registered a wallet trademark with the … Read more
JPMorgan Expects Crypto Market to Face Weeks of Deleveraging – Warns Bitcoin Price Could Drop to $13K
Global investment bank JPMorgan has warned of the crypto market facing weeks of deleveraging stemming from the crisis at Sam Bankman-Fried’s crypto exchange FTX.com and trading platform Alameda Research. The firm’s analysts also predicted that the price of bitcoin could fall to $13,000. JPMorgan on FTX and Bitcoin’s Price JPMorgan Chase’s analysts, led by global … Read more
JP Morgan executes first DeFi trade on a public blockchain: Finance Redefined
MakerDAO co-founder’s death opened a new pandora box of conspiracy theories, based on some of his recent tweets. Go to Source Powered by WPeMatico
Traders expect 200% upside from MATIC, but does Polygon network data support that?
MATIC’s recent rally and partnerships are turning heads and on-chain activity may hint at further growth. Go to Source Powered by WPeMatico
Crypto Biz: $470B bank enters crypto — Probably nothing, right?
Another major financial institution has signaled its intent to offer Bitcoin and Ether services to its clients. Go to Source Powered by WPeMatico
JPMorgan Reportedly Terminates Relationship With Kanye West, Rap Star Says He’s Happy to Speak Openly About Being ‘Canceled by a Bank’
On October 12, the conservative influencer and political commentator, Candace Owens shared a letter on Twitter that shows JPMorgan allegedly closed Kanye West’s (also known as Ye) bank accounts. The hip-hop star and rapper has been accused of making antisemitic statements in recent times, and some of his tweets have been removed from Twitter. Political … Read more
Stablecoin issuers hold more US debt than Berkshire Hathaway: Report
Tether, Circle and other stablecoin firms held $80 billion worth of short-term U.S. government debt as of May 2022, more than owned by Warren Buffett’s Berkshire Hathaway. Go to Source Powered by WPeMatico
