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.
U.S. customs seized a ship full of cocaine owned by JPMorgan Asset Management. They declined to comment but everybody remembers how their CEO Jamie Dimon compared Bitcoin with the criminal activity.
Global banking giants including Barclays from Europe, Credit Suisse, UBS, and MUFG Bank, together announce the Utility Settlement Coin (USC) cryptocurrency to leverage instant cross-border settlements at reduced costs.
Ripple (XRP) has been at the center stage of the cryptocurrency industry with many great developments in its favor. However, Forbes’s Jason Bloomberg published an article saying Ripple is a scam.
Having launched its own digital asset, JPMorgan Chase is now exploring the capacities of a new Ethereum privacy tech AZTEC based on zero-knowledge proofs.
According to J.P. Morgan CEO Jamie Dimon, their controversial JPM Coin created for institutional clients could have a consumer use one day.
Warren Buffett, chairman and CEO of investment conglomerate Berkshire Hathaway, began a week taking a fresh dig at Bitcoin.
The crypto winter is not a reason to lose hope. Tim Draper strongly believes that the era of fiat currencies ends in 5 years.
As the payment flow of JPM Coin demonstrates several of Ethereum’s core benefits for the finance and banking industry, some are afraid of the impact JPM Coin may have on other coins, including Bitcoin, XRP, and the crypto market in general.
The banking giant’s JPM Coin will be majorly used for the institutional purpose to transfer money, securities and other assets globally by leveraging the power of blockchain.