Opinion
Stablecoins are gaining renewed momentum, as major banks and payment giants enter the market, but questions remain about their stability, regulatory oversight and the risks posed by centralization and fraud.
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JPMorgan Chase News
JPMorgan Chase is a multinational banking and financial services firm based in New York City in the United States. It is the largest bank in the world in terms of market capitalization and serves millions of customers globally. In 2017, JPMorgan Chase announced it was working on a blockchain-based platform for processing payments. The platform, called Quorum, is a private permissioned blockchain based on Ethereum and is designed to be used by large enterprises. Quorum is notable for its focus on privacy and security and includes features such as data encryption and voting mechanisms that allow users to control who can access the network. In August 2020, JPMorgan Chase sold Quorum to blockchain software company ConsenSys.
JPMorgan Chase has also been involved in other blockchain initiatives, such as the Enterprise Ethereum Alliance (EEA). The EEA is a consortium of enterprises working together to develop enterprise-grade applications on the Ethereum blockchain. JPMorgan Chase is a founding member of the consortium and has worked on projects such as Quorum with other member companies. In 2021, JPMorgan Chase launched its own cryptocurrency, JPM Coin. The cryptocurrency is designed for use in institutional payments, and each coin is backed by one U.S. dollar. Because JPMorgan Chase is one of the largest financial institutions in the world, its involvement in blockchain technology highlights the potential for blockchain in traditional finance.
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Bitcoin decouples from stocks and gains safe-haven appeal amid the US-China trade war and rising US recession odds, says Nansen CEO.
4617 - Market Analysis
GameStop looks set to join the Bitcoin treasury party alongside Strategy, Metaplanet and MARA. Will this help BTC rise back above six figures?
6961 - Newsletter
President Trump has urged the Fed to cut interest rates. As recession odds spike, will Jay Powell take the bait?
5450 - News
Soaring crypto trading volumes drove higher-than-expected revenues and profits for the exchanges.
11002 - News
Onchain RWAs are gaining traction as Bitcoin’s price struggles, with market commentators predicting TVL could hit $50 billion in 2025 as demand grows.
11601 - News
Institutional investors remain wary of crypto trading, according to a JPMorgan survey.
6798 - News
Solana ETF applications are nearing the deadline for a preliminary decision before the end of January, days after President-elect Donald Trump’s inauguration on Jan. 20.
14878 - News
Investors are boosting Bitcoin allocations as a hedge against geopolitical uncertainty, the bank said.
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On Jan. 3, the network’s hashrate briefly tapped 1,000 EH/s as miners continued adding capacity.
7907 - News
On Dec. 16, US spot and derivative Bitcoin ETFs collectively broke $129 billion in net assets, surpassing gold ETFs for the first time.
8129 - Newsletter
This week’s Crypto Biz also explores Microsoft’s board’s stance on Bitcoin, JPMorgan’s revision of mining stocks, MARA’s new BTC purchase and upcoming listings of crypto firms.
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The increases partly reflect a “HODL premium” akin to MicroStrategy’s, the analysts said.
18869 - News
The Mastercard Multi-Token Network is connecting with JPMorgan’s ambitious Kinexys Digital Payments for faster settlement.
6341 - News
The fund touts leveraged exposure to Bitcoin and gold as investors brace for inflation and geopolitical strife.
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