Daniel Pinto, co-president at JPMorgan and Chase Co in an interview to CNBC admitted that JPMorgan will have to be involved with Bitcoin as demand for cryptocurrency keeps rising among asset managers and investors. Bitcoin is becoming increasingly popular as an asset among major firms. Tesla and MicroStrategy are leading the way with Billion dollar
Ripple led by CEO Brad Garlinghouse is leaving no stone unturned to make Ripple the first crypto choice of US regulators. Today, Ripple announced inclusion of Ex- chief regularity officer at JP Morgan Chase Sandie O’ Connor to their Board of directors. Ripple Wants to Make Crypto Mainstream As per Ripple CEO Brad Garlinghouse Sandie
The long-awaited launch of investment giant, JPMorgan’s ‘JPM Coin’ is reportedly being used for the first time this week by a “large technology client” to execute payments commercially that is using it for round-the-clock cross-border payments. The company has, however, not yet disclosed the name of the major tech firm which will be leveraging the
Banking giant, JP Morgan’s latest report reveals that Bitcoin was the fastest recovering asset from the Covid-19 slump back in March. Bitcoin Scores Big In Its First Stress Test Cryptocurrencies, specifically Bitcoin has been often deemed by the highest officials as a currency used for illicit activities. However, with every season that passes by individuals
Goldman Sachs may be re-examining their view of Bitcoin and cryptocurrencies. Today, May 27, 2020, the multi-billion dollar Wall Street investment bank will hold a client call with a view of discussing how the current monetary policies affects gold, inflation, and Bitcoin. Although not explicit, this conference call could be an opportunity for the bank’s
J.P. Morgan Chase, a $2.7 trillion banking behemoth, will offer banking services to Gemini and Coinbase, two of US-based cryptocurrency exchanges, according to reports by the WSJ. Specifically, the Jamie Dimon-led bank will offer deposit, withdrawal, and transferring services for customers with Automated Clearing House (ACH) infrastructure but will notably not deal with digital currencies. J.P.