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.

A spot Bitcoin ETF will bring fresh money to the market, but it will not change a fundamental reality: Bitcoin liquidity is declining.
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The enterprise mainnet provides the scalability to add applications to a network with a KYC-compliant set of institutional banks, broker-dealers and asset manag...
JPMorgan, Apollo plan for enterprise mainnet, execs reveal
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JPMorgan’s blockchain platform, JPM Coin, has introduced programmable payment functionality for its institutional users.
JPMorgan rolls out programmable payments for institutional blockchain platform JPM Coin
Gareth Jenkinson
Banks stressed customer accounts “remain secure,” and balances will be updated as soon as the issue is resolved.
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Brayden Lindrea
VanEck strategy adviser Gabor Gurbacs expects a wave of new investment capital and immigration will push El Salvador’s economic growth in the coming years.
Bitcoin-friendly El Salvador can become ‘Singapore of the Americas’ — VanEck adviser
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The volume represents a massive surge since the latest update in June, with the company saying that $300 million was transacted in the three years since JPM Coi...
JPM Coin handles over $1B in daily transactions — JPMorgan exec
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Consensys founder Joseph Lubin has been named in a new lawsuit filed in New York by over two dozen former Consensys employees.
‘He broke his word’ — Ex-Consensys staff sue founder over employee equity deal
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The FAB pilot follows Bank ABC’s in Bahrain. JPMorgan also just launched its Tokenization Collateral Network on Onyx.
First Abu Dhabi Bank completes cross-border payments testing on JPMorgan Onyx
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