Tag Archives: jp morgan

One of Wall Street’s largest banks, JPMorgan Chase, has outlined in a recent analysis that Bitcoin’s 2020 performance demonstrates the asset’s growth and maturation. The paper also notes the compelling correlation the primary cryptocurrency is exhibiting with global equities.JPMorgan: Bitcoin MaturesThe JPMorgan Chase analysis cited by Bloomberg examined the performance of Bitcoin and other assets since the start of the year. More precisely, it reviewed their performance during the mid-March...

Why is JP Morgan changing its ideas regarding bitcoin so much?JP Morgan Is Becoming Kinder to BTCJamie Dimon – the head of the banking organization – has repeatedly referred to bitcoin as a “fraud.” Many customers of crypto exchanges have complained for years that banks and financial institutions like JP Morgan have refused the give them accounts or have denied them access to financial services. Now, as Live Bitcoin News reported recently, the company has brought Coinbase and Gemini – two of...

After fighting a legal case for two years, America’s largest bank, JPMorgan Chase will pay $2.5 million to settle a class-action lawsuit over extra fees on cryptocurrency purchases. In 2018, the plaintiffs – Brady Tucker, Ryan Hilton, and Stanton Smith – filed the lawsuit against JPMorgan in a Manhattan federal court, accusing the bank of charging customers additional fees in the form of cash advances for crypto purchases made with Chase credit cards.  JPMorgan Secretly Updated T&CThe...

Discussions around Bitcoin and cryptocurrencies, in general, have reached the high seats of investment banking.This becomes clear as the behemoth multinational investment bank Goldman Sachs hosted a conference call headlined US Economic Outlook & Implications of Current Policies for Inflation, Gold, and Bitcoin.Perhaps somewhat expectedly, the banking giant used its platform to bash cryptocurrencies, making some particularly expressive comparisons.Bitcoin And Cryptocurrencies Are Not an...

Die amerikanische Grossbank JP Morgan Chase gab bekannt, dass sie ab sofort zwei bekannte Kryptobörsen zu ihren Kunden zählt. Dieser Schritt stellt unter Beweis, dass die herkömmlichen Finanzinstitute den digitalen Währungen gegenüber offener werden und weitere Banken könnten folgen. Der Bitcoin wurde von der Grossbank ursprünglich als Betrug eingestuft, aber kürzlich erfolgte eine Kehrtwende. Die...

The American multinational investment bank, JPMorgan, has taken two popular cryptocurrency exchanges as banking customers. According to a recent report, the giant bank has approved Coinbase and Gemini in April, and transactions are starting to be processed now.Cryptocurrency Adoption From JPMorganPer a Wall Street Journal report from today, JPMorgan Chase & Co has started accepting clients from the cryptocurrency industry. The bank has approved the largest US-based exchange with over 30...

The first website that claimed Bitcoin was dead ten years ago does not function anymore. Over the years, the primary cryptocurrency has attracted lots of pessimism, criticism, and doubt on itself but is now officially outliving some of the non-believers.The First “BTC Is Dead” Website DiesFor over a decade of existence, Bitcoin has seen a fair share of negativism going its way. The naysayers grew fast, primarily in the early stages.Interestingly, this rising number led to the emergence of a...

Auf Twitter meldete sich ein Investment Manager und gab bekannt, dass seine Kunden Interesse am Bitcoin verlieren, nachdem sie mit ihren JP Morgan und Goldman Sachs Beratern gesprochen haben. Er glaubt, die beiden Investmentbankern raten ihren Kunden davon ab, in den BTC-Markt einzusteigen.Bitcoin News: JP Morgan und Goldman Sachs raten Kunden von Bitcoin Kauf abHierbei handelt es sich um Adam Pokonicky, der Partner der Investment-Management Firma für Digitale Assets (DAIM) ist:I have a...

Blockchain and cryptocurrencies expanded their presence and usage in 2019, says JP Morgan. The giant American multinational investment bank filed a comprehensive report regarding the performance of the technology and digital assets in 2019.Bitcoin AdoptionTwo years after the bank’s CEO, Jamie Dimon regretted calling Bitcoin a “fraud,” JPM issued a 74-page document that involves the largest cryptocurrency. Among the discussed topics, the report outlines Bitcoin’s developments in terms of...

The Ethereum-alike blockchain network from Axoni is under development and usage among Goldman Sachs and Citigroup members. Two banks conducted the first equity swap on a new blockchain.This is a milestone in the development of corporate blockchains. Citigroup has already conducted transactions with Goldman Sachs via the secretive blockchain. The first deal occurred on January 28.The blockchain solutions company Axoni launches a distributed ledger network. It was founded in 2013, gathered...