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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JPMorgan CEO Jamie Dimon: JPM Coin Could See Consumer Use One Day

JPMorgan CEO Jamie Dimon: JPM Coin Could See Consumer Use One Day

A couple of weeks ago, the banking giant JPMorgan launched its own cryptocurrency called JPM Coin and became the first major US bank to do so. The move by the one of the largest financial institution in the world came as a surprise to many since not too long ago, the CEO of JPMorgan Chase, Jamie Dimon, has criticized cryptocurrencies and went as far as to call Bitcoin a fraud. The launch of JPM Coin…

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JPMorgan Becomes the First Banking Giant to Launch its Own Cryptocurrency

JPMorgan Becomes the First Banking Giant to Launch its Own Cryptocurrency

Cryptocurrencies and big banks have always been dubbed as rivals. Cryptocurrencies are expected to take the reigns from banks when it comes to asset holdings and transaction processing. However, the two entities might not have to be the polar opposites of each other. Many major banks have hinted at investing in the future of cryptocurrencies and blockchain. This week, a major US bank, JPMorgan, has announced the launch of its own cryptocurrency. Nearly two years…

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JP Morgan Lashes at Crypto: Years Away from Mainstream; Will Work Only in Dystopia; Not Worth Mining Bitcoin

JP Morgan Lashes at Crypto: Years Away from Mainstream; Will Work Only in Dystopia; Not Worth Mining Bitcoin

Cryptocurrencies have always been hailed by many as the future alternative to banks and financial institutions. Their ability to remove the need for blind trust in intermediaries makes them very attractive for a possible replacement of the current financial system where any movement of assets is hindered by an unavoidable fence of hidden fees. However, the world’s sixth largest bank JP Morgan reportedly said on Tuesday that the value of cryptocurrencies is unproven and their…

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JPMorgan Analysts: Institutional Investors Currently Run Away from Cryptocurrency Investments

JPMorgan Analysts: Institutional Investors Currently Run Away from Cryptocurrency Investments

One of the largest and most influential banks in the world, JPMorgan Chase, seems to have quite a conflicted relationship with cryptocurrency. One the one hand, the bank appears to be terrified of crypto’s decentralized nature, which even elicited its CEO Jamie Dimon to call Bitcoin a scam; on the other hand, the banking behemoth does invest in blockchain technology and even started “tokenizing” gold. But with all of its crypto conflicts, one thing can…

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