Umar Farooq, head of JPMorgan’s blockchain unit, called Onyx, recently told London-based media outlet Financial News that cryptocurrencies were still in their nascency, drawing parallels between the growth trajectories of crypto and audio streaming. …
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JPMorgan opens Bitcoin fund to wealthy clients
JPMorgan Chase has partnered with the Bitcoin-focused institutional-grade platform New York Digital Investment Group to offer the passively managed Bitcoin fund in-house, CoinDesk reports citing two sources close to the matter. Advisers …
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JPMorgan is on a blockchain hiring spree
JPMorgan is on a hiring spree for its blockchain unit, seeking to fill positions across audit, engineering and marketing, several LinkedIn postings reveal. The bank—which has been active in the …
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Goldman Sachs to jump on JPMorgan’s repo blockchain to start crypto trading
Goldman Sachs Group Inc. has joined the blockchain-based network created by JPMorgan Chase & Co. for repurchase agreements that use smart contracts and a digitized version of the U.S. dollar. …
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JPMorgan Chase CEO Jamie Dimon Claims Customers Are Interested In Bitcoin (BTC)
During the Wall Street Journal’s CEO Council Summit, JPMorgan Chase CEO Jamie Dimon stated that clients of America’s largest bank are interested in bitcoin. His comments followed after it was …
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Bitcoin’s (BTC) Market Cap Now Bigger Than Visa and MasterCard Combined
Apart from surpassing the $1 trillion level, bitcoin’s market capitalization is now worth more than two of the largest financial service companies – Visa and MasterCard – combined. Moreover, BTC’s …
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JPMorgan Adjusts Its Bitcoin (BTC) Target to $130,000, Predicting Institutional Adoption
In its Thursday note, which was covered by Business Insider, JPMorgan states that Bitcoin’s declining volatility is going to spur stronger institutional adoption. Professional investors will feel more comfortable about holding …
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JPMorgan’s Onyx to redefine payments in banking with blockchain
What is one of the biggest banks in the world doing in blockchain? For over five years, JPMorgan Chase & Co. has been advancing blockchain technology in the banking sector. …
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JPMorgan offers Bitcoin exposure, an ETF in sheep’s clothing
Cryptocurrency adoption has been penetrating the mainstream at an exponential rate. While most investors are going straight into buying the likes of Bitcoin (BTC) and Ether (ETH), a few skeptical …
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Bitcoin is now worth more than Visa and Mastercard all together
Bitcoin (BTC) did more than hit $60,000 per coin last week — it also became worth more than the world’s three biggest banks combined. According to publicly available data, the …
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