News
JPMorgan CEO Jamie Dimon said he will allow his bank's customers to buy Bitcoin, but the bank will not custody it.
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Jamie Dimon News
James L. “Jamie” Dimon is an American banker, businessman, and billionaire. Since 2005, he has been the chief executive officer of the largest American financial holding company JPMorgan Chase. Jamie Dimon’s net worth as of 2018 is $1,27 billion. Among the cryptocurrency community, Jamie Dimon has received the reputation as one of strongest Bitcoin critics because of his announcement in 2017 that cryptocurrency was a fraud and that any traders who sold it would be immediately fired. Later he said that he wasn’t interested in dealing with cryptocurrency because of the potential risks involved. Nevertheless, in 2018, Jamie Dimon was all over the news because of his new-found acceptance of cryptocurrencies, though would only agree to use them in the case of total regulation.
- New Year Special
Even with Bitcoin surging past $100,000 for the first time, some critics have remained skeptical about the cryptocurrency’s future.
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The JPMorgan boss didn’t mention any candidates by name, but his message left little doubt about whom he was referring to.
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The 78-year-old Republican nominee responded to reports suggesting he was considering the two financial CEOs for his cabinet.
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The former president could reveal more details at the Bitcoin Conference in Nashville from July 25 through 27.
6882 - Market Update
Bitcoin price sees sharp sell-off as today’s downside move liquidates heaps of BTC and altcoin traders who were caught offside.
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Bitcoin developers can potentially remove Bitcoin’s 21-million supply limit, but miners are unlikely to accept such a change.
17060 - Market Update
JPMorgan begs CNBC to stop talking about “pet rock” BTC despite financial heavyweights seeing billions of dollars in spot Bitcoin ETF inflows.
30572 - Follow up
Crypto proponents on X wasted no time pointing out the hypocrisy of JPMorgan CEO Jamie Dimon’s recent remarks about Bitcoin and crypto to the U.S. Senate Committee on Banking, Housing, and Urban Affairs.
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Jamie Dimon has previously referred to cryptocurrencies as “decentralized Ponzi schemes” and Bitcoin as a “fraud.”
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The FAB pilot follows Bank ABC’s in Bahrain. JPMorgan also just launched its Tokenization Collateral Network on Onyx.
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JPMorgan’s CEO Jamie Dimon pointed to trading, hedging, research and error detection as some of the processes that can be streamlined by AI.
6529 - Opinion
When blockchain projects show their technology has something to offer that traditional internet doesn’t, big investors will get on board.
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At Converge22, the Shark Tank host said stablecoins are set to lead to a reduction in friction and fees worldwide.
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JPMorgan CEO Jamie Dimon regards crypto as a tale of two cities, with “crypto tokens, which you call currencies” on one side and “real” innovations on the other.
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