JPMorgan Chase recently came to terms on a lawsuit from 2018 involving added fees for crypto purchases using credit cards.
JPMorgan Chase & Co. is one the largest financial holdings companies in the world. It was founded in 2000 by a conglomeration of several big financial organizations and now employs Jamie Dimon as its CEO. Not only is it the largest bank in the US, it is also the second most valuable bank by market capitalization in the world. The company is headquartered in Manhattan, New York and has representatives of JPMorgan Chase Bank in over 60 countries, offering the full range of financial services.
The company has also expressed interest in using blockchain and Bitcoin technologies. In 2017, the company joined Enterprise Ethereum Alliance, an association that was created by companies interested in testing Ethereum blockchain technology for various projects. In the beginning of 2018, the organization published the “Bitcoin Bible” for potential investors that explains the technology on which cryptocurrency is based, revealing both its strengths and its weaknesses.
JPMorgan’s Quorum provides the infrastructure for many new financial projects thanks to unique features and a partnership with Microsoft Azure.11172
JPMorgan believes that central bank digital currencies may undermine the hegemony of the US dollar.5951
Despite JPM’s boss being tough on crypto, the bank takes on two regulated exchanges as clients in what some are calling a “game-changer.”13121
Catherine Coley, CEO of Binance.US, says that traditional finance now recognizes that crypto involves “real assets and real customers with real business models.”3322
A data-based approach to cryptocurrency investment shows promise, so why are investment advisors at top firms still pushing clients away?16654
Coinbase and Gemini reportedly had their accounts approved with JPMorgan Chase in April.22238
Top U.S. banks JPMorgan Chase and Goldman Sachs could be talking their clients out of crypto, according to a wealth manager.8956
JPMorgan chairman and CEO Jamie Dimon predicts a major recession on par with the Great Recession of 2008.11430
Check the bad crypto news of the past week.7036
America’s largest bank, JPMorgan Chase, has settled a $1 million class-action lawsuit over unannounced changes to its credit cards’ fee schedule for crypto purchases.7128
Alex Tapscott discusses his recently released book Financial Services Revolution with Cointelegraph.2978
JP Morgan report says that current blockchain developments are lying down the foundation for digital money, but more centralization is needed.6773
Pundits believe that a merger between JP Morgan and ConsenSys solutions is a step in the right direction for both companies and the crypto industry.6704
Will the mass adoption of blockchain help the industry flourish, or destroy the fundamental nature of the tech’s decentralized principles?3729