The price of Bitcoin stumbled amid a big day of Grayscale’s ETF outflows. JPMorgan analysts think more price corrections are coming post-halving.
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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$60,000 within range after 12.7% gains in 24 hours? Not so fast, according to Bitcoin derivatives metrics.
12894Debt is on the rise — both among consumers and for the government — as well as delinquencies. How much money do you really have to keep buying crypto?
2215AI is regarded as the most impactful technology shaping the future of trading, according to 61% of 4,010 institutional traders surveyed by JPMorgan.
3949An exception will be made for Tier 1 and Tier 2 Coinbase Exchange Liquidity Program members.
5103The investment bank had previously categorized Coinbase stock as a “neutral” rating but maintained its price target of $80 by December 2024.
7886JPMorgan begs CNBC to stop talking about “pet rock” BTC despite financial heavyweights seeing billions of dollars in spot Bitcoin ETF inflows.
30260Grayscale Investments is reportedly in talks with JPMorgan and Goldman Sachs about being authorized participants for its proposed spot Bitcoin ETF.
5661Pro-XRP lawyer John Deaton questioned whether being named an authorized participant by BlackRock was an attempt to mislead the public or engage in gaslighting.
35265The lobbying organization for the U.S. banking industry — the American Bankers Association — was asked to help with the anti-crypto legislation, according to recent comments from the senator.
3615Franklin Templeton executive Sandy Kaul said in a report that a pathway to reengineering the global financial markets can be seen for the first time.
7155AVAX surged while other tokens plunged, with analysts pegging its outperformance on being relatively undervalued while forging new partnerships with JPMorgan and Citi.
12439Crypto 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.
33677Jamie Dimon has previously referred to cryptocurrencies as “decentralized Ponzi schemes” and Bitcoin as a “fraud.”
5435A 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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