jpmorgan chase bank
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 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.
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 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 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.
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.
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.
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.
Bitcoin Smashes New High of Over $60K as Valuation Now Exceeds JPMorgan, BoA, and ICBC Combined
Over the weekend, Bitcoin crossed a crucial milestone, hitting a record-high of over $61,000 before falling back slightly.