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.