Tag: JPMorgan

The Central Bank of Bahrain (CBB) has successfully completed a digital payments test in collaboration with JPMorgan’s blockchain and cryptocurrency unit Onyx. The trial run included testing the widely anticipated JPM Coin, a digital currency backed by the American investment bank JPMorgan. Bahrain’s central bank revealed it is committed to improving the customer experience for…

Analysts at JPMorgan led by Nikolaos Panigirtzoglou have suggested that Ethereum, the second-largest cryptocurrency by market cap, could see its dominance in the decentralized finance (DeFi) space fade to rivals.   According to Bloomberg, the analysts revealed that until the final phase of sharding, which they described as the “most critical” development for scaling Ethereum,…

JPMorgan analysts said that crypto investors should hold Ethereum rather than Bitcoin as the interest rates rise. While Ethereum powers such booming market areas as decentralized finance and non-fungible tokens, Bitcoin, similar to gold, is likely vulnerable as bond yields and interest rates rise. According to JPMorgan, crypto investors should be holding Ethereum rather than…

JPMorgan Chase CEO, Jamie Dimon, said at a conference on October 11 that cryptocurrencies should be regulated by governments and that he personally sees Bitcoin “worthless.” Speaking at a virtual event hosted by the Institute of International Finance, Jamie Dimon referred to banking regulations in a conversation held virtually by the Institute of International Finance,…

Bitcoin topped a $1 trillion market cap Thursday while the BTC price surged past $55,000. According to a Markets Insider report, US bank JPMorgan said in a note today that a range of factors may be fueling the rally, including institutional investor appetite, assurances that the US won’t ban BTC, and the recent rise of…

As CNBC reported, global investment bank JPMorgan has silently begun giving its wealth management clients access to six cryptocurrency investment funds, despite Jamie Dimon, CEO, continually advising against investing in cryptocurrencies like Bitcoin. JPMorgan Chase is now offering six cryptocurrency investment funds to clients, says CNBC citing people with knowledge of the move. The bank’s…