Bitcoin’s ($BTC) price has seen a new bullish surge with the start of October. The top cryptocurrency has already recovered its losses from the past month and hit a new 5-month high above $56,000. Amid growing bullish price momentum institutions seem to be coming back to $BTC again and as per a recent JP Morgan
JP Morgan, the American Banking giant has warned against the hasty implementation of Central Bank Digital Currencies (CBDC). The bank said the creation of a new CBDC based retail loan and payments channels must not come at the cost of the existing financial system. Hasty implementation of the CBDCs in the retail market could “cannibalize”
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.