jpmorgan chase
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.
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.
Ripple Welcomes Former JPMorgan Chase Chief Regulatory Affairs Officer to its Board of Directors
Ripple has been expanding its network and recently, the blockchain firm has made yet another move to bring its company growth to another level.
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.
Is Bitcoin Currently Overvalued? JPMorgan Foresees Selling Pressure Ahead
JPMorgan strategists acknowledged Bitcoin's latest bullish momentum on the market but said that the asset may face "modest headwind" in the near future.
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 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: 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 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.
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 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 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.
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.
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.
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.
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.
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 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
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 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.
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.