Tag Archives: jpmorgan

JPMorgan (JPM) stock has lost nearly 5% of its weight as news that the company’s CEO will be away after his emergency surgery makes the rounds. In the premarket, the stock is 3.48% down.American multinational investment bank and financial services company JPMorgan Chase & Co (NYSE: JPM) recently informed its staff of the CEO’s health issues. In a note to employees all over the world, the bank said that CEO Jamie Dimon underwent emergency heart surgery to prevent his health from...

A respected crypto trader and co-founder of Blockroots Josh Rager has made an interesting prediction. He believes that the Ethereum price may reach new highs in the next few years.Ethereum price is set to hit the $8,000 level in the next few years. These are sentiments of a respected crypto trader and co-founder at Blockroots Josh Rager. In his tweet, Rager triggered a heated conversation between ETH supporters and those criticizing it. Crazy that $ETH is going to hit $8,000 in the next few...

Ethereum has managed to get a sizable price boost as JPMorgan and Grayscale reportedly make huge business with the cryptocurrency. But it has become known that Grayscale investors buy Ethereum coins at more than 300% premium.Recently, the Ethereum price gained another 12% in value, reaching the $275 level. The bulls are ruling the market, we can expect the price to rise to $292 or $300 per Aayush Jindal. Kraken charts show that Ethereum has an hourly support level at $268. The major...

It is expected that within the next 6 months, JPMorgan will officially announce the merge of its blockchain system Quorum with that of ConsenSys. The companies are in talks now.JPMorgan Chase & Co, one of the largest banks in the United States by assets, is considering merging its blockchain unit Quorum with Brooklyn based startup ConsenSys. This is according to a post on Reuters posted on February 11 analyzing the deal and its possible outcome.According to the post, the deal is likely to...

It has become known that United Kingdom premier Boris Johnson’s government has lost its first parliamentary votes since the snap general election because the House of Lords applied three defeats over Brexit legislation.The upper chamber voted in favor of giving physical documents as proof of their right to stay to EU citizens who live in the UK to be, once the country has left the bloc. On January 17, European Parliament Brexit coordinator Guy Verhofstadt said that the country will not...

Major crypto exchange Binance has announced a new Binance USD (BUSD) conversion function on its platform. Beginning immediately, users can now instantly convert a select number of stablecoins into the BUSD.Binance BUSD ConversionAccording to the announcement, the supported stablecoins for the new feature include Paxos Standard (PAX), USD Coin (USDC), TrueUSD (TUSD) and Tether’s USDT. For the first three, the announcement states that conversion to BUSD will be settled at 1:1. Binance will...

China is one of the world’s heavyweight countries and much of this is a deliberate effort. The country is known for its eagerness to make specific moves towards growing its economy and becoming a worthy rival of others. For example, it has made significant strides with blockchain technology and it is widely suggested that it could easily lead this sector. Now, there are specific efforts for China to rival Wall Street.China is already a force to be reckoned with politically, as well as...

Ripple is ending this year in high class. The company announced on Friday it managed to raise $200 million in Series C funding. This investment presents the last stone in a road marking this the record “Ripple year” regarding its business. It also proves the blockchain technology’s worth in improving global payments and the higher advantage when it comes to the digital asset XRP and the XRP Ledger.As per the official announcement, the Series C was led by the investment company Tetragon and...

It seems that this year hasn’t been nearly enough for Apple. According to the recent forecasts from the famous Apple analyst Ming-Chi Kuo, the company plans to release five new iPhone models next year. In a research note with TF International Securities, Kuo drafted his presumptions for a new phone dubbed iPhone SE 2. As Kuo predicts, it could come with a 4.7-inch LCD display in the first half of 2020. After SE 2 comes a higher-end all-OLED lineup comprised of 5.4-inch, two 6.1-inch, and...

OneConnect Financial Technology which is the artificial intelligence and blockchain arm of Ping An Insurance that is easily one of the largest insurance firms in China has come forth with the terms for its IPO valued at $468 Million. Sources indicate that based on the F-1 Filing of its prospectus with the United States Securities and Exchange Commission (SEC), the firm intends to conduct the initial public offering which is aimed at raising between $432 million and $504 million via issuing...