JPMorgan
Global Markets in Crisis: South Korea Acts, U.S. Banks Slide
The global financial landscape is reeling from severe market turbulence, reminiscent of past crises like the COVID-19 pandemic. The market crash is largely fueled by growing concerns about a potential...
JPMorgan Issues Warning on Mt. Gox Bitcoin Sales, Predicts Volatility
Mt. Gox creditors are expected to sell substantial Bitcoin receivables, impacting market dynamics. The impending release of Bitcoin to Mt. Gox creditors, who are expected to sell a significant portion...
Are Big Banks the Real Villains? Viral Video Exposes Their Dark Secrets
A recent YouTube video delves into the controversial history of major banks like JPMorgan Chase and Goldman Sachs, alleging their involvement in numerous financial crises and asserting their influence over...
SEC Gives Ethereum ETF Applicants a Friday Ultimatum: Revise or Risk Rejection
The United States Securities and Exchange Commission (SEC) has requested all firms that have filed for spot Ethereum (ETH) exchange-traded funds (ETFs) to submit their amended S-1 filings by Friday....
London’s Kroo Bank Halts Crypto Transfers, Points to Scam Risks
Kroo Bank, a London-based challenger bank, has banned its clients from engaging in crypto transactions, citing the growing scams and hacks. The bank stated that cryptocurrencies are “increasingly being used...
Wall Street Banks Test Tokenization with Chainlink, DTCC
Blockchain oracle company Chainlink, in collaboration with the Depository Trust and Clearing Corporation (DTCC), has completed a pilot program aimed at accelerating the tokenization of traditional financial funds. The project,...
Wall Street Giants Unveil Crypto Plans To Boost Institutional Adoption
Renowned financial institutions set to test novel blockchain-based regulated settlement network. Identified institutions for the test include JP Morgan, Citi, Wells Fargo, Visa, and Mastercard. Polygon’s Colin Butler considers the...
JPMorgan and Goldman Sachs Expect Fed’s First Interest Rate Cut in July
The Federal Reserve is expected to hold the interest rate unchanged at the two-decade high of 5.25% to 5.5% after the Federal Open Market Committee (FOMC) meeting. While the two-day...
Morgan Stanley Allows 15,000 Brokers to Recommend Bitcoin ETF Purchase
A recent report revealed Morgan Stanley’s plans to explore the expanding Bitcoin exchange-traded funds (ETFs) market. The firm reportedly plans to allow its 15,000 brokers to encourage customers to purchase...
Interest Rates Remain Unchanged at a 23-Year High After FOMC Meeting
Federal Reserve Chairman Jerome Powell announced the board’s decision to hold the interest rates unchanged at a 23-year high following a two-day Federal Open Market Committee (FOMC) meeting. Though economists...
JPMorgan Predicts 65% Chance for a Potential Global Recession
A recent Reuters report announced that the U.S. Federal Reserve has decided to cut its interest rate in June, with a majority of economists advocating for it. The decision is...
JPMorgan Says Stricter KYC/AML Rules Could Cripple USDT Dominance
In a recent research report, American financial giant JPMorgan warned about Tether (USDT), the leading stablecoin in the crypto market. The report highlighted vulnerabilities stemming from Tether’s reliance on the...
JPMorgan’s Blockchain Activities Shows Technology’s Potential Growth
A recent Bloomberg report shed light on the widening adoption of blockchain technology, unveiling a list of recent developments in the industry. While 2023 witnessed an array of industrial activities,...
JP Morgan CEO Urges US Govt. to Pull the Plug on Bitcoin
Jamie Dimon, CEO of JP Morgan Chase, has said he would “close down” Bitcoin if he had the power and authority to do so. On Wednesday, the top American banker...
JPMorgan’s Coin Handles $1B Worth of Daily Transactions
According to a recent Bloomberg report, the financial services company JPMorgan Chase & Co.’s digital token, JPM Coin, has seen $1 billion worth of transactions on a daily basis. The...
JPMorgan Takes the Lead in Live Blockchain Collateral Settlement
JPMorgan, BlackRock, and Barclays executed their first live collateral settlement on the private blockchain network. Onyx.BlackRock tokenized money market fund shares for use as collateral in a derivatives contract. Blockchain...
JPMorgan Explores Digital Deposit Tokens for Faster Cross-Border Payments
JPMorgan Chase, the American multinational bank, is reported to be in the early stages of exploring a blockchain-based digital deposit token. A person familiar with the work stated that the...
Former JPMorgan Regional Head Joins Bahrain’s Digital Bank
Whampoa Group recruited JPMorgan’s Regional Head, Ali Moosa, for its digital bank in Bahrain. The bank received in-principal approval in May 2023 and is set to launch in December. Whampoa...
JPMorgan Partners with Indian Banks for Blockchain-based Platform
Banking giant JPMorgan (JPM) has partnered with six Indian banks to launch a blockchain-powered platform that facilitates the settlement of interbank US dollar transactions within India’s latest international financial hub,...
“Shanghai Fork, A New Era Of Staking For Coinbase,” Says JP Morgan
According to analysts at JP Morgan, Coinbase — the crypto exchange — will be looking forward to a favorable future post the newest update. Ethereum’s network is all set to...
JP Morgan Buys a 48.5% Stake in Viva Wallet for Over $800 M
The American multinational investment bank, JP Morgan has reportedly sealed a deal to buy about 48.5% stake in Viva Wallet for more than $800 million. As per reports, the stake...
JPMorgan Strategists Warn of Extended Crypto Market Slump Ahead
JPMorgan strategists have warned that the fall in the crypto market is not ending soon. They claimed that venture capital funding is now less than a third of the pace...
Former Celsius Executive Now Director of Asset Policy at JPMorgan
JPMorgan has appointed a new digital assets regulatory policy director, Aaron Lovine. Lovine worked for Celsius as head of policy and regulatory relations for eight months. Top executives of JPMorgan...
JPMorgan CEO Thinks Cryptos Are Decentralized Ponzi Schemes
The CEO of JPMorgan said cryptos are nothing more than decentralized Ponzi schemes. Earlier, Jamie Dimon called Bitcoin “fraud.” JP Morgan Chase launched its first-ever major cryptocurrency backed by a...
Wall Street’s JPMorgan Expanding its Presence in The Blockchain
JPMorgan is expanding its presence in the blockchain world. JPMorgan wants to hire a payments business development manager. The bank became the first to get into the metaverse earlier this...
