Jamie Dimon’s Critique of Bitcoin Amid Financial Innovations and Challenges

Jamie Dimon, the CEO of JPMorgan Chase, one of the world’s preeminent banking institutions, recently shared his views on Bitcoin during a speech at the Australian Financial Review business summit. In his remarks, Dimon highlighted the distinction between the innovative…

JPMorgan warns that the growing dominance of Tether’s stablecoin could pose a threat to the cryptocurrency market

In an unprecedented leap, Tether Holdings, the powerhouse behind the most widely utilized stablecoin, USDT, is on the brink of a historic achievement—surpassing the $100 billion mark in circulation. This monumental milestone not only cements Tether’s position as the frontrunner…

JPMorgan Identified as Authorized Participant in BlackRock’s Bitcoin ETF

In an exciting development for the cryptocurrency market, BlackRock, the renowned asset management giant, has recently disclosed significant new information regarding its proposed spot bitcoin exchange-traded fund (ETF). The company has revealed the identities of its intended authorized participants (APs),…

JPMorgan warns of lawsuits if SEC rejects spot bitcoin ETFs

The United States Securities and Exchange Commission (SEC) is facing a critical decision regarding the approval of spot bitcoin exchange-traded fund (ETF) applications. In the event of a rejection, JPMorgan analysts warn that legal action from applicants may follow, potentially…

JPMorgan’s JPM Coin Achieves Daily Transaction Volume Exceeding $1 Billion

In recent years, blockchain technology has emerged as a transformative force across various industries, offering enhanced security, transparency, and efficiency. JPMorgan, the largest investment bank in the U.S., has taken a bold step in harnessing the power of blockchain by…

Coinbase CEO Slams JPMorgan for Banning Crypto Payments in UK, Suggests Government Should Act

Coinbase CEO Brian Armstrong has voiced his discontent with the recent decision by JPMorgan Chase to block cryptocurrency-related transactions through its U.K. digital banking subsidiary, Chase UK. Chase UK’s Crypto Transaction Block: A Point of Contention In an official notice…

JPMorgan’s Chase UK will ban cryptocurrency transactions, Coinbase’s Chief responds

In a recent announcement, Chase, one of the prominent banks in the United Kingdom, disclosed its decision to enforce stricter regulations regarding cryptocurrency transactions. This move comes as a response to the surge in fraudulent activities and scams associated with…

Institutions Don’t See Value in Crypto – JPMorgan Survey

JPMorgan conducted an e-trading survey that involved 835 institutional traders from 60 locations.  The survey aimed to get the views of traders regarding upcoming trends and hotly debated topics.  The questions were not crypto-specific but rather aimed to get an…

JPMorgan Registers Trademark For Crypto Wallet, Announces New Crypto Services For Customers

The “J.P. Morgan Wallet” has been legally registered and patented by JPMorgan with the US Patent and Trademark Office, according to a formal document released on November 21, 2022. (USPTO).  JP Morgan’s Crypto Plans The legacy bank will start providing…

Bitcoin Now Worth More than Visa and Mastercard Combined

Bitcoin (BTC) accomplished more than hit $60,000 per coin a week ago — it also became worth more than the world’s three greatest banks consolidated. According to publicly available data, the biggest digital currency outperformed the three highest valued financial…