JPMorgan Chase And Coinbase Merge For Institutional Deposit Token Launch
JPMorgan Chase, the largest bank in the United States, is making significant strides in the cryptocurrency space with the upcoming launch of its own digital currency, known as JPMD. Announced on Tuesday, the bank plans to pilot JPMD in collaboration with US-based cryptocurrency exchange Coinbase, signaling its commitment to innovating within the financial sector. A […]
Related News
A possible cryptocurrency scam is using JPMorgan & Chase's branding - and the bank isn't happy about it. In a message posted to its Chinese-language website, JPMorgan disavowed any relationship with the so-called "JPMCoin" or "Morgan Dollars", a virtual currency currently being pitched via Chinese social media platforms. The bank said in the statement: "JPM Coin is not a product of JPMorgan Chase nor of any of its affiliates in China or elsewhere. JPMorgan Chase has not authorised any virtual currency (of this type or similar in any way). JPMorgan Chase has not authorized references to....
It is this latter part that causes some concern. For now, it remains unclear which Bitcoin exchange was run by these individuals. JPMorgan Chase fell victim a major computer hacking and fraud scheme a while ago. As it turns out, an American has been involved in this scheme. Joshua Aaron was arrested on Wednesday after the entered the US from Russia. This flight was a part of this extradition to the US, where the will face several charges relate to the JPMorgan Chase hack. A total of nine people are under investigation for their involvement in the hack against this financial institution.....
JPMorgan Chase has released an investor note stating that the cryptocurrency market appears “to be beginning the process of healing.” In the short term, however, the JPMorgan analysts expect further sell-offs before capitulation. JPMorgan’s Crypto Market Outlook JPMorgan Chase’s analysts, including Josh Younger and Veronica Mejia Bustamante, wrote about the outlook of the cryptocurrency market in a note published Friday. They explained that the near-term outlook for the crypto market is “challenging,” noting that blockchain data suggests recent....
JPMorgan Chase’s president that crypto “is kind of irrelevant in the scheme of things.” Commenting on the U.S. economy, he defended the Federal Reserve’s hawkish stance, emphasizing that if the Fed’s action “causes a slightly deeper recession for a period of time” then “that is the price we have to pay.” JPMorgan Chase President on U.S. Economy and Recession JPMorgan Chase President Daniel Pinto commented on the U.S. economy and cryptocurrency in an interview with CNBC, published Monday. Pinto is also the global investment bank’s....
JPMorgan’s analysts have predicted significant demand for bitcoin following the $100 million purchase of the cryptocurrency by Massmutual. The analysts believe that other traditional investors, including pension funds, will follow suit, leading to a conservative estimate of $600 billion demand for bitcoin. $600 Billion Demand for Bitcoin JPMorgan Chase’s analysts wrote a note Friday explaining why they see significant demand for bitcoin. They explained that the recent investment of $100 million in the cryptocurrency by mega insurer Massachusetts Mutual Life Insurance Co.....