JPMorgan’s JPM Coin Achieves $1B Daily Transaction Milestone
Unlike traditional banking transactions, which usually operate only during business hours, the platform executes transactions at any given time of the day.
JPMorgan Builds Blockchain Infrastructure for Deposit Token that Speeds Up Cross-Border Payments and Settlements
By Tolu Ajiboye
In addition to the JPM Coin, JPMorgan is now developing another blockchain asset that will function as a deposit token for cross-border transactions.
JPMorgan Introduces Euro-Dominated Transaction Settlement for Corporate Clients
Now, wholesale payment clients including renowned multinationals can choose to transfer either dollar or euro to/from their JPMorgan accounts anywhere in the world.
JPMorgan CEO Jamie Dimon Reiterates Bearish Stance on Bitcoin and Other Virtual Assets
Although Jamie Dimon remains a Bitcoin critic, JPMorgan continued to make waves in the blockchain industry.
JPMorgan Seeks to Tokenize Euro Deposits, Eyes NFT Opportunity
By Sanaa Sharma
JPMorgan is officially talking to a few music NFT media about allowing fiat payments.
Goldman Sachs Conducts Its First Repo Trade via JPMorgan’s Private Blockchain
By staff writer
McDermott, who has spent fifteen years at Goldman Sachs, claims that the blockchain evolution was a massive bonus to the repo market, presently estimated at over $4.6 trillion.
Regulators Caution Banks: Attach Huge Capital Requirements to Crypto
The Basel Committee on Banking Supervision has released guidelines detailing huge capital requirements for banks looking to explore the crypto space.
JPMorgan Conducts Live Repo Transaction Using Blockchain Solution
The move by JPMorgan to commercial its repo transaction and the associated blockchain solutions has attracted other industry giants including Goldman Sachs and Bank of New York Mellon.
JPMorgan Woes Banks and Fintech Firms to Build on Its Updated Liink Banking Network
The Liink network was revamped with two crucial feature additions including the Confirm and the Format features.
JPMorgan Tests Commercial Use of JPM Coin by Launching New Blockchain Division Onyx
By launching its JPM Coin, the banking giant aims to eliminate all the hassle of payment settlements and verification that comes with the traditional paper-based structure for its cross-border payments.
Spoofing Mistake Costs Wall Street Banking Giant JPMorgan $1 Billion in Penalty
JPMorgan is looking ahead to settle regulatory charges of market manipulation by paying a massive $1 billion in penalty. The DOJ, the SEC, and the CFTC have been conducting an investigation for a long time over the bank involvement in unfair trading practices in the metals market.
JPMorgan in Talks to Move Its Quorum Blockchain to ConsenSys, Leads $50 Million Fundraise
JPMorgan is in advance talks of investing $20 million in ConsenSys thereby pushing ahead the merger of its Ethereum-based Quorum to ConsenSys.
JPMorgan to Pay $2.5 Million to Settle Crypto Fees Lawsuit for Overcharging
JPMorgan Chase was accused of charging massive fees and higher interest through cash advances on customers’ crypto purchases using the Chase Bank credit cards.
JPMorgan Is in Talks to Merge Its Blockchain Unit Quorum with ConsenSys
It is expected that within the next 6 months, JPMorgan will officially announce the merge of its blockchain system Quorum with that of ConsenSys. The companies are in talks now.
Dark Money Laundering Clouds Force Japan’s Banks to Eye JPMorgan Blockchain Network
JPMorgan Chase & Co is looking to launch a blockchain-based Interbank Information Network (IIN) in January 2020 in Japan to fight money laundering and terrorism financing.