Banking Giant Goldman Sachs Seeks Digital Asset Project Manager for Crypto Development

Banking Giant Goldman Sachs Seeks Digital Asset Project Manager for Crypto Development

The recent hot story from the crypto news sphere is that the banking giant Goldman Sachs may follow the footsteps of JPMorgan and will launch its own USD-backed stablecoin. The CEO of Goldman Sachs, David Solomon, reveled in an interview with French news outlet Les Echos recently that the company is studying cryptocurrency for tokenization of various asset class and exploring possible ways to disrupt the current financial market with new products and services. Goldman…

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Banking Giant Goldman Sachs May Launch its Own Crypto Stablecoin

Banking Giant Goldman Sachs May Launch its Own Crypto Stablecoin

One of the largest US-based multinational investment banks and financial services companies, Goldman Sachs, might launch its own stablecoin like its banking rival JP Morgan Chase that previously announced its own USD backed stablecoin called JPM Coin. In an interview with French financial newspaper Les Echos on June 28, Goldman Sachs CEO David Solomon said that the banking giant is doing extensive research on the concept of tokenization of assets to take part in the…

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JPM Coin Already Intrigues Institutional Clients Due to Rapid Bond Transactions

JPM Coin Already Intrigues Institutional Clients Due to Rapid Bond Transactions

The prototype virtual coin of the banking giant JPMorgan, JPM Coin, has been making waves online for a while now. There is actually a reason why everyone is glued to these crypto news so much. Keep it in mind that this arguable cryptocurrency is still in the works as it is yet to be tested. As earlier mentioned, people are glued to this digital coin because it has the prospects of being capable of speeding…

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JPMorgan Analysts: Significance of Bitcoin Futures Is Ignored

JPMorgan Analysts: Significance of Bitcoin Futures Is Ignored

Bitcoin futures are becoming popular and as trading them is turning to be more prevalent, regulators have naturally started to pay them more attention. Many traditional or crypto exchanges have started offering the possibility of trading Bitcoin futures, and even began introducing indices that keep investors and individuals up with real-time Bitcoin price, traded volume and much more. Recently, one of the largest banking companies worldwide, JPMorgan Chase, said that ‘Bitcoin futures may be more…

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JPMorgan Analysts: Current Bitcoin’s Price Surpassed its Actual Intrinsic Value

JPMorgan Analysts: Current Bitcoin’s Price Surpassed its Actual Intrinsic Value

After a yearlong bear market, Bitcoin is finally showing signs of recovering to its former glory. While most of the crypto community is celebrating the re-rise of Bitcoin, JPMorgan wants people not to get too optimistic. The banking giant’s representatives wrote a note this Friday, claiming that the improvement in the market is just the first step towards another eventual slump similar to the one in 2017. Bitcoin has been on a recovery run over…

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Microsoft to Host JPMorgan’s Quorum on its Azure Blockchain Service

Microsoft to Host JPMorgan’s Quorum on its Azure Blockchain Service

Global corporate and investment banking leader JPMorgan and tech giant Microsoft have recently announced the formation of a strategic partnership that will revolve around the adoption of an enterprise blockchain. The partnership will make JPMorgan’s in-house private fork of Ethereum, Quorum, the first distributed ledger platform hosted on Microsoft Azure blockchain services. Furthermore, it will help companies engaged in business with Microsoft and JPMorgan to build and scale blockchain networks in the cloud. The new…

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JPMorgan Expands Further its Blockchain Network to 220 Banks Globally

JPMorgan Expands Further its Blockchain Network to 220 Banks Globally

After tackling several issues related to payments, the American multinational investment Bank and financial giant JPMorgan Chase has decided to delve further into blockchain technology with another expansion of its blockchain-powered network. This move will help the banking giant to ensure that the payment system in its banking sector is operated without any glitch. It’s also extending an invitation to FinTech companies so that they could find out a way to develop their platform further….

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Featured: JPMorgan Isn’t Flip-Flopping on Crypto Because JPM Coin Isn’t a Cryptocurrency

Featured: JPMorgan Isn’t Flip-Flopping on Crypto Because JPM Coin Isn’t a Cryptocurrency

In February 2019, JPMorgan Chase became the first US bank to roll out a bank-backed cryptocurrency with the aim of transforming business payments. JPMorgan has a bizarre and confusing relationship with cryptocurrency. After learning that they have launched their own crypto coin (JPM Coin), you could assume that they are enthusiasts of cryptocurrency; however, that hasn’t always been the case. In 2015, JPMorgan CEO Jamie Dimon responded to a question about the potential for a…

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TRON Founder Expresses an Optimistic View about the Future of Bitcoin and Cryptocurrencies

TRON Founder Expresses an Optimistic View about the Future of Bitcoin and Cryptocurrencies

Kicking off the year with a strong start, the Chief Executive Office of TRON (TRX) Justin Sun says he believes Bitcoin and other cryptocurrencies have a promising future ahead of them. The sustenance of the crypto ecosystem has been a disturbing question since the crypto plunge in 2018 that sent Bitcoin, the largest cryptocurrency, down by about 85% of its value in 2017. Crypto enthusiasts, as well as investors, have all been worried sick of…

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Will JPM Coin Prompt a Shift from Public Blockchain to Private Blockchain?

Will JPM Coin Prompt a Shift from Public Blockchain to Private Blockchain?

It is no news that the traditional financial market is being gradually disrupted by the advent of cryptocurrency; but the main point of interest in the crypto market right now as J.P. Morgan launched a its own stablecoin JPM Coin, is whether or not this new digital coin by an enormous tradtional financial institution will disrupt the existing financial markets and, perhaps more importantly, the stablecoin market. Despite the crypto wariness and skepticism of the…

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