Tag: JPMorgan

Two giants of traditional finance, JPMorgan and Visa, are linking up their global private blockchains – Liink and B2B Connect – to simplify payments between nations. As Forbes reported, JPMorgan’s Liink is a network specifically designed for cross-border transfers and is offered under the bank’s blockchain and payments initiative, Onyx. Onyx provides a platform for…

David Kelly, the chief global strategist at JPMorgan Asset Management, reportedly warned investors to avoid crypto amid the threat of a recession. As Bloomberg reported, David Kelly noted a high risk of recession and further volatility. “The economy has got one foot into a recession and the other on the banana peel now,” he said….

The cost of mining one Bitcoin (BTC) has fallen to 10-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since its May peak. It could help to reverse the falling profitability trend while lowering power demands on the network. JPMorgan strategists led by Nikolaos Panigirtzoglou, in a note to clients seen…

JPMorgan Chase & Co., an American multinational investment bank, believes that the world’s biggest cryptocurrency, Bitcoin, is 28% below its “fair price,” implying signs of “significant upside from here.” Bitcoin has also replaced real estate as one of JPMorgan’s preferred “alternative assets.” According to a note released on May 25, JPMorgan believes that cryptocurrencies like…

Last week, top executives at financial firms recapped a quarter on Wall Street in their post-earnings calls with investors. A widely-cited topic in those conferences was imminent blockchain plans from the industry’s biggest firms, including BlackRock, JPMorgan Chase, and Goldman Sachs. CEOs of the major financial institutions, including BlackRock, JPMorgan Chase, and Goldman Sachs, were…

JPMorgan, the largest US lender, had become the first bank to arrive in the metaverse, having opened the Onyx lounge in a blockchain-based virtual world Decentraland. According to a report, the bank sees “limitless” opportunities in the virtual world, with a new workforce and expanded virtual real-estate ownership financed by DAOs. JPMorgan Chase has opened…