CME Bitcoin futures open interest hits 8-month high, greater than when BTC price was at $65K
Open Interest surged to $3.22 billion Thursday to levels not seen since February. Go to Source Powered by WPeMatico
JPMorgan Chase
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JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge
Global investment bank JPMorgan says institutional investors are returning to bitcoin, seeing the cryptocurrency as a better hedge than gold. The firm’s analysts describe three key drivers boosting the price of bitcoin in recent weeks, including assurances that U.S. policymakers will not ban cryptocurrencies. JPMorgan Sees Renewed Interest in Bitcoin JPMorgan published a research note … Read more
Ethereum price gets back to $3K as institutional investors pile into ETH futures
Ethereum prices recovered on Sunday amid a market-wide upside correction while receiving an additional upside boost from a bullish JPMorgan & Chase report. Go to Source Powered by WPeMatico
JPMorgan Chase reportedly shuts down bank accounts of Bitcoin mining firm
Delaware-based Compass Mining offers U.S. citizens exposure to Bitcoin mining via its private infrastructure. Go to Source Powered by WPeMatico
JPMorgan now offers clients access to six crypto funds … but only if they ask
JPMorgan now offers access to six different crypto funds from GrayScale, Osprey Funds and NYDIG. Go to Source Powered by WPeMatico
Many JPMorgan clients see Bitcoin as asset class, says senior exec
“The volatility you see in it today just has to play itself out,” JPMorgan’s director of asset and wealth management said. Go to Source Powered by WPeMatico
US megabank JPMorgan to hire more blockchain talent
Some of JPMorgan’s new blockchain-related job applications seek candidates with experience in Bitcoin, Ethereum and proof-of-stake consensus mechanisms. Go to Source Powered by WPeMatico
El Salvador Bitcoin move will put pressure on network: JPMorgan
Daily payment activity in El Salvador would represent more than 1% of the total value of BTC that have been transferred between wallets in the past year, JPMorgan experts say. Go to Source Powered by WPeMatico
France and Singapore pilot cross-border CBDC transactions
The central banks of France and Singapore are working on a digital currency interoperability system supporting multiple global CBDCs. Go to Source Powered by WPeMatico
Bitcoin Still Commands the 9th Largest Market Capitalization in the World
Despite the drop in value during the last three months, the leading crypto asset bitcoin is still the ninth most valuable asset in the world in terms of market capitalization. Moreover, bitcoin could flip some of the world’s most valuable assets in the future, as the crypto asset is 67% away from turning over tech … Read more
