jpm
J.P. Morgan Creates Onyx Blockchain Unit As JPM Coin Leveraged for Cross-Border Payments
JPMorgan Chase has set the ball rolling by deploying its digital currency, the JPM Coin, for commercial purposes creating a new blockchain business unit dubbed Onyx.
US CFTC Holds Meeting on Stablecoins Joined by Paxos, MakerDAO and JPM Coin Executives
The United States Commodity and Futures Trading Commission (CFTC) held a meeting earlier this week to study the potential impact of the stablecoin industry. The derivatives regulator met with stablecoin industry experts to understand its future implications.
Actinver, BNP Paribas, Citibank, And JPMorgan Go Live on CLS Blockchain Platform
Four banks (JPMorgan, Citibank, BNP Paribas, and Actinver) go live on CLS blockchain bilateral payments netting platform.
JP Morgan Chase Approves Major Crypto Exchange Clients Coinbase and Gemini
JPMorgan Chase, the largest bank in the United States, has set the ball rolling by accepting crypto exchanges Gemini and Coinbase as banking customers. This is a sign that Bitcoin and other cryptocurrencies are being embraced in the American financial landscape and Wall Street. The bank gave Coinbase and Gemini accounts the green light in April, and transactions are just kick-starting. Reportedly, JPMorgan Chase is offering cash-management services to the exchanges, as well as dealing with dollar-based transactions for their US-based clients.
JPMorgan Pulls Off First Live Trade on Public Blockchain
Through the trade, JPMorgan was able to issue tokenized $71,000. It was part of the Singapore central bank's pilot programs that are testing the use of DeFi in the banking sector.
JPMorgan Reveals Market is Highly Anticipating the Launch of CME Bitcoin Options
Institutional interest in Bitcoin-related contracts seems to be building as the market measures indicate high anticipation of the launch of CME Group Inc. options on Jan. 13, according to JPMorgan Chase & Co.
Goldman Sachs Starts Trading on JPMorgan’s Repo Blockchain Platform Onyx
Goldman Sachs Group has joined Onyx, an online trading platform based on the Ethereum blockchain created by JPMorgan Chase. It will use the platform to conduct smart contracts and a digital version of the dollar repurchase agreement.
Quantinuum Secures $300 Million in Landmark Quantum Computing Funding Round
Quantinuum secures a significant $300M equity fundraise at a $5B valuation, led by JPMorgan Chase, Mitsui, Amgen, and Honeywell, marking a major stride in the quantum computing sector and boosting development of fault-tolerant quantum computers.
JPMorgan to Acquire First Republic Bank Assets
JPMorgan Chase is set to acquire First Republic Bank's assets after the troubled bank was closed by regulators. JPMorgan will assume all assets, including uninsured deposits, and enter into a loss-sharing agreement with the FDIC.
JPMorgan Collaborates with Indian Banks to Launch Blockchain-Based Dollar Settlement System, Reported Bloomberg
JPMorgan Chase & Co., the American multinational investment bank, has formed an alliance with six Indian banks to inaugurate a blockchain-based platform that will handle interbank dollar transactions within India's emerging International Financial Centre.
JPMorgan Hires Former Microsoft Executive Tahreem Kampton to Its Digital Assets-Related Payments Group
Kampton comes with in-depth professional experience that will enable JPMorgan to develop its digital asset and blockchain division.
JPMorgan: 13% Of Americans Own Crypto
JPMorgan Chase found that 13% of Americans—43 million people—have owned cryptocurrencies. The paper analyzes over 5 million bank-to-crypto account currency transactions. It discovered that males of all ages and demographic groupings purchase crypto more than women. According to a CoinMarketCap analysis, crypto ownership has risen over the previous several years despite the current price drop.
Deposit Coins May Be the Best Blockchain Option for Commercial Banking
JPMorgan Chase and Oliver Wyman produced a deposit token study for blockchain-based commercial banking.
Metaverse-related Market Size in China Expected to Reach $4T: JPMorgan Chase
The market of the Metaverse could triple China's online gaming market from $44 billion to $131 billion, according to a recent research report by JPMorgan Chase (JPM).
JPMorgan Hires Former Celsius Network Executive Aaron Iovine As Crypto Regulatory Policy Head
Newly hired Aaron Iovine will help build out JPMorgan’s regulatory team
JPMorgan Develops AI Tool for Federal Reserve Analysis
JPMorgan has created an AI tool using a ChatGPT-based language model to analyze Federal Reserve statements and speeches to detect trading signals. The tool assigns a Hawk-Dove Score to Fed policy signals and can predict changes in central bank tightening. The bank has reportedly found the preliminary applications of the tool to be encouraging.
Wells Fargo Sets Up Passive Bitcoin Fund for Wealthy Clients
Wells Fargo has moved to give its wealthy clients what they seem to want: a Bitcoin fund. JPMorgan also has started providing its wealthy customers with accessing a Bitcoin fund.
JPMorgan CEO Warned Investors Against Bitcoin Investment, Calls for Clear Regulations to Crypto Trading
Jamie Dimon, the CEO of JPMorgan Chase Bank, is still not a crypto supporter. He admits that JPMorgan clients are interested in cryptocurrency. JPMorgan is planning to offer Bitcoin funds to rich clients.
JPMorgan Chase Upgrades Dell Technologies Rating, Eyes AI-Driven Growth
JPMorgan Chase & Co. upgrades Dell Technologies to Overweight, setting a new target price of $90, buoyed by its favorable position in the AI-driven compute investment cycle. Dell's strong market performance and anticipated benefit from the growing AI and ML focus in IT sectors signal promising growth prospects.
Investors Flock to US Money Market Funds Amid Banking Crisis
Amid banking crisis fears, investors have poured $286 billion into US money market funds in March, with Goldman Sachs, JPMorgan Chase, and Fidelity among the biggest winners. These funds are offering high liquidity and low risk, making them popular during uncertain times.
Polygon MATIC Price Surges to $0.951, Driven by Major Institutional Network Adoptions
The MATIC price has grown impressively over the last week driven by the chain's adoption.
JPMorgan Sees Retail Demand Improving, Ending ‘Intense Phase’ of Deleveraging
According to JPMorgan, the current crypto market is seeing improved investor sentiment and increased demand driven by retail investors.
Cost of Producing Bitcoin Dropped to around $13,000, says JPMorgan
The cost of producing Bitcoin has gone negative as it dropped from about $24,000 at the start of June to around $13,000 currently, according to JPMorgan Chase & Co.
JP Morgan Research: Blockchain Mainstream Years Away, Libra's Hurdles and Bitcoin Hedging
JP Morgan has been one the earliest advocates and adopters of blockchain technology among the major financial institutions and continues to lead many other enterprises in the space. However, a new report by the American institution indicates that while the infrastructure for a digital economy is being developed globally, mainstream adoption is unlikely for at least a few years.
Crypto Market Cap Smashes $1 Trillion with JPMorgan Projecting $2.5 Trillion to Come
The Crypto industry's market capitalization has surpassed the $1trillion market cap. JPMorgan has projected there could be room for an additional $2.5 trillion in 2021.
Is Bitcoin Digital Gold? SkyBridge Says Yes, JPMorgan Says No as Market Dynamics Have Changed
Institutional investment in Bitcoin has many convinced that it has already succeeded in its transition into digital gold—but the debate continues to rage at the highest levels.
1% of your Investment Portfolio Should Be Allocated to Bitcoin - JPMorgan Strategists
JPMorgan recommended a 1% allocation of one’s portfolio into Bitcoin as a way to hedge against the volatility of traditional asset classes.
JPMorgan Partners with DBS Group and Temasek to Develop Blockchain-Powered Trade Platform
JPMorgan has partnered with DBS Group Holdings and Singapore-based investment company Temasek to create a blockchain-enabled foreign exchange platform.
JPMorgan Chase Expands Crypto Trading Services to All Clients
JPMorgan chase bank has become the latest major bank in the US to offer all wealth management clients access to crypto funds.
JPMorgan to Launch Investment “Basket” Tied to 11 Crypto-Focused Firms including MicroStrategy, Square, and Nvidia
JPMorgan has filed a request with the Securities and Exchange Commission to approve a debt instrument linked to 11 firms that have all invested in Bitcoin and other cryptocurrencies.
JPMorgan and CNBC Jim Cramer Predict S&P 500 to Rally to New Highs, Bullish Bitcoin Trend to be Expected
JPMorgan predicts that equities could rally 47% from here, after its 40% rebound from its lows in March, hinting at a possible Bitcoin bull run. Strategists at JPMorgan recently suggested that Bitcoin successfully passed its “first stress test” during March’s global economic crisis.
Bitcoin’s Bounce Back to $40,000 in Jeopardy as Grayscale Investments Slacken
Leading American bank JPMorgan Chase & Co. believes that a bounce back to the $40,000 level has been jeopardized as Bitcoin investments by Grayscale are drying up.
JPMorgan Pegs Bitcoin 'Fair Value' at $38,000, despite $44K on the Horizon
JPMorgan Chase & Co Analysts have placed the “Fair Value” of Bitcoin, the world’s first cryptocurrency, at $38,000.
JPMorgan: El Salvador to Face multiple Obstacles on the way to Implement Bitcoin as Fiat Money
JPMorgan Chase, citing a report, stated that El Salvador’s designation of Bitcoin as legal tender would bring various obstacles to its country, questioning the robustness of the payment mechanism.
JPMorgan Strategists Explain Why Bitcoin is Currently the "Least Reliable Market Hedge" as BTC Price Drops
After sustaining above the $35,000 threshold for most of the week, Bitcoin has stumbled, even dropping to lows of $29K mark momentarily.
JPMorgan says MassMutual Bitcoin Investment Signals Institutional Demand Could Quickly Grow by $600 Billion
JPMorgan thinks growing institutional demand could see up to $600 billion flow into Bitcoin in the near future after insurance giant MassMutual invested $100 million into BTC.
JPMorgan Backs Bitcoin to Rise 28%, Saying Cryptos are Preferred Alternative Asset
In its latest report, JPMorgan gives Bitcoin a higher valuation. The bank is also more bullish on cryptocurrencies than other traditional financial assets.
JPMorgan Expects the S&P 500 to Rally, Will Bitcoin Follow?
JPMorgan expects that the S&P 500 would rise to between 3,500 and 3,600 by the end of 2020, and 3,750 by this time next year, a 10 percent growth.
Public Demand for Bitcoin over Gold Could See BTC Price Target Hit $146,000, according to JPMorgan
JPMorgan believes that a crowding out of gold as an ‘alternative’ currency implies big upside for Bitcoin over the long term.
JPMorgan: Bitcoin Price to See Long-Term Upside Trend due to One Important Component
JPMorgan has made several comments on the world’s largest cryptocurrency in the past year, and its stance on Bitcoin (BTC) has since changed.
Bitcoin Price Surpassed $40,000 and Then Plummeted
This week, Bitcoin plunged again, and on Thursday (January 21) it plunged more than 10%. Entering January, Bitcoin rose from $30,000 to $40,000.
JPMorgan Chase Urges Caution Over Altcoin Rally in Crypto Markets
JPMorgan Chase investment bank has warned that the surging rally associated with altcoins may signal a classic crypto market bubble.
JPMorgan Conducts Strategic Investment to Blockchain Firm TRM Labs, Expanding Crypto Business
Financial tycoon, JPMorgan Chase (JPM), said it is making a "strategic investment" in San Francisco-based blockchain intelligence platform TRM Labs, aiming at expanding the crypto business.
JP Morgan Chase to Pay $2.5 Million to Settle Class Action Lawsuit Over Wrongfully Incurred Crypto Charges
JPMorgan Chase has settled a lawsuit over unannounced changes made to the fee structure applied to crypto transactions using its credit cards in 2018. The American bank agreed to pay $2.5 million to settle a class-action lawsuit regarding its decision made in 2018 to treat cryptocurrency purchases with Chase credit cards as cash advances, ensuing in higher fees. However, JPMorgan is not admitting to any wrong-doing as part of the deal.
JPMorgan Chase Adopts Blockchain for Collateral Settlement
Financial tycoon, JPMorgan Chase (JPM), announced to use of blockchain technology in the collateral settlement, planning to expand to other asset types such as equities and fixed income, according to Bloomberg.
JPMorgan Says Younger Investors Tilt Towards Bitcoin While Older Ones Favor Gold
Investment Bank JPMorgan through research by its strategists has discovered that older generation investors favor gold while younger generations embrace Bitcoin and tech-based assets
JPMorgan CEO Admits He Does Not Care About Bitcoin But Foresees 10 Times Growth in 5 years
JPMorgan’s Chief Executive Officer, Jamie Dimon admitted that he does not care about Bitcoin but believes in a 10x growth in 5 years.
Three Top JPMorgan Executives Jump Ship to Crypto Startups
Three executives left JPMorgan for joining crypto startups, believing the industry would have a promising development.
Bitcoin's Growth is Fueled by Inflation Fears, JPMorgan Strategists say
JPMorgan analysts pointed out that the latest surge in BTC price is more likely driven by the fact that investors see BTC as a hedge against inflation.
Uniswap Founder Roars JPMorgan on Twitter for Closing his Accounts
Uniswap’s founder Hayden Adams criticized investment banking giant JPMorgan Chase for closing down his accounts without any form of notice or explanation.
DBS Eyeing for the Metaverse
Southeast Asia’s largest financial institution, DBS, is reportedly eyeing a move into the metaverse, a trend that many banking giants are looking to become pioneers in.
Recap on 2019 Blockchain Use Cases: Who Got Off the Ground?
A quick look at some of the most exciting blockchain use-cases of 2019.
Banks Are Increasingly Starting to Offer Cryptocurrency Services in 2020
Banks have increased their interest in cryptocurrencies. Many of them have decided to join the cryptocurrency market, either by offering investments in cryptocurrency or by exploiting the capabilities of blockchain technology, which is already used in various areas with financial services.
Allianz Advances with Blockchain-Based Token System
As the growing adoption of blockchain technology approaches the mainstream enterprises, the insurance giant, Allianz has also entered the blockchain sector.
Oct 16 Trading Analysis: President Xi's Yawnfest...
In October last year, President Xi made a speech on blockchain that pumped Bitcoin over 40%. There was also some additional evidence for some "blockbuster headline" today with Shenzhen offering $10mil RMB worth of digital currencies to its people reported earlier in the week. Hence, the unusual expectations for Xi to announce something related to blockchain or BTC today. Unfortunately, he did not pump our bags. Instead, he was trying to hype Shenzhen as a serious contender to HK. Boring.
May 13: ALT Coins Give You Wings
Trade Strategy: Similar to yesterday. I've closed my long volatility trades, and will start to sell some volatility here and whenever it spikes. While implied volatility has sharply declined from 100% to 80% since Sunday, the longer-term average before the 12 March crash is around 55-60% so there's still juice to be short vol.
JPMorgan CEO Jamie Dimon Loves Blockchain but says Bitcoin Still Not His "Cup of Tea"
While JPMorgan CEO Jamie Dimon has expressed his thoughts on the critical value of blockchain technology, he is still not interested in Bitcoin as a hedge investment.
J.P. Morgan’s Blockchain Quorum Acquired by ConsenSys, Taking Enterprise Ethereum to the Next Level
ConsenSys’ existing protocol engineering roadmap will be merged with Quorum, where the blockchain firm will be able to leverage both codebases.
JP Morgan: Groundwork Now in Place for Mainstream Blockchain and Digital Currency Adoption
JPMorgan published a report showing a significant move towards blockchain, enormous growth of blockchain, and challenges hindering mainstream adoption.
Singapore’s Central Bank and JP Morgan Build a Blockchain System for Multi-currency Cross-Border Payments
Blockchain has been making headlines for quite some time now and banks have been widely talking about distributed ledger technology. Several financial institutions and banks have set up innovation labs to carry out proof of concepts so that to explore modern-day technology. A few days ago, Singapore’s Central Banks and JPMorgan announced that they are working on a blockchain pilot system, which is identified to have the potential to initiate multi-currency cross-border payments.
