JP Morgan’s Jamie Dimon Believes Libra Is Not a Short-Term Concern
In recent news, Jamie Dimon from JP Morgan has said that he believes Facebook’s Libra isn’t a short-term concern of an impact on the traditional banks.
This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
In recent news, Jamie Dimon from JP Morgan has said that he believes Facebook’s Libra isn’t a short-term concern of an impact on the traditional banks.
Even though Congress tried to inflict damage on Big Tech in hearings related to user data, antitrust concerns and Facebook’s Libra, it seems it has failed. That leaves Silicon Valley with little incentive to change.
Rep. Maxine Waters said she’s planning to call in Facebook CEO Mark Zuckerberg to testify about his company’s new digital currency project Libra. She added that her staff has not made the formal request with Facebook yet, but they plan to do so.
Today’s the second day of Libra hearing. Amid questions of safety, compliance and consumer protection, Marcus kept stressing that Libra project would seek proper approval and registrations with the relevant authorities.
This edition of Max’s Corner is on developments in the field of quantum computing and the potential risks they pose to the cryptocurrency space.
After keeping silence for more than a year after kidnapping, former EXMO analyst Pavel Lerner has given his first interview to the media.
SWAPS.NETWORK has announced the commencement of an Initial Exchange Offering for its SWAP tokens. Hosted on Bitforex, the tokens are valued at $0.043 per SWAP and promises juicy incentives and bonuses to investors.
Just recently, Grayscale investments reported a record all-time high volume of assets under management. Grayscale’s assets under management now is worth approximately $2.7 billion.
Tether has just announced the launch of its USDT on the Algorand blockchain. This addition makes it the fifth blockchain to support the stablecoin after Omni, Ethereum, Tron and EOS.
IOST Foundation said they are proud to be an enabler of business opportunities for motivated entrepreneurs through this partnership with Boomstarter and are excited to play the part in helping Russian entrepreneurs fulfill their aspirations.
House Minority Leader Kevin McCarthy praised Bitcoin and its underlying blockchain ledger technology for offering users privacy, especially given that big companies keep violating the privacy of its users – that’s probably why he’s not so optimistic about Libra.
Facebook’s Libra project is facing increasing opposition with the German minister of finance joining the bandwagon citing the coin’s disruption potential as a major threat to the EuroZone.
Nikita Gribkov is a VP at CryptoUniverse.io, takes a look at ins and outs of cryptocurrency mining explaining why Bitcoin and Litecoin are the two most profitable options at this time.
Just recently a Wall-Street analyst boosted his price prediction for Microsoft (MSFT) stock price amidst the company’s quarterly earnings results. Microsoft is expected to publish their quarterly earnings tomorrow, on Thursday.
Receiving no attention at the senate hearing on Tuesday, Bitcoin price tanked over 10% on Tuesday. There’s little to no positive response from the US lawmakers for Facebook’s Libra which has created an overall negative sentiment around Bitcoin as well.