JPMorgan Launches JPM Coin: Welcome to the Private Currency Era
The investment banking giant says the blockchain hype cycle has moved past inflated expectations and into the realm of being commercially viable. Source
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JPMorgan
JPMorgan Invites Banks and Fintechs to Build on Its Revamped Blockchain Network
“Think of it as the foundation of an enterprise mainnet.” That’s how Christine Moy, head of JPMorgan’s newly rebranded Liink banking network, described its aspirations towards decentralization in the realm of big business.The revamped Liink, which is based on a fork of Ethereum, is more of a “decentralized network,” said Moy,
Read MoreJPMorgan turns bullish on Bitcoin citing ‘potential long-term upside’
JPMorgan, the $316 billion investment banking giant, said the potential long-term upside for Bitcoin (BTC) is “considerable.” This new optimistic stance towards the dominant cryptocurrency comes after PayPal allowed its users to buy and sell crypto assets.JP Morgan, from "Bitcoin is a fraud and will blow up" in 2017 to
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Bitcoin’s Rivalry With Gold Plus Millennial Interest Gives It ‘Considerable’ Upside Potential: JPMorgan
Bitcoin has proven itself to be a risk asset, not a safe haven, with “considerable” potential upside, according to a Friday note from JPMorgan’s Global Quantitative and Derivatives Strategy team obtained by CryptoX.Writing to clients in “Flows & Liquidity,” one of JPMorgan’s flagship publications, the authors said that characterizing bitcoin
Read MoreJPMorgan says Bitcoin slightly overvalued as a commodity
Multiple JPMorgan Chase experts analyzed Bitcoin’s current price when compared to other commodities, and noted that the asset could see selling pressure ahead. “The JPMorgan strategists said they calculated an intrinsic value by effectively treating Bitcoin as a commodity and looking at the marginal cost of production,” according to an Oct.
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JPMorgan Calls Square’s $50M Bitcoin Investment ‘Strong Vote of Confidence’ for the Cryptocurrency
Square’s recently announced $50 million investment in bitcoin (BTC) is a “strong vote of confidence for the future of bitcoin” and a signal the payments company sees “a lot of potential” for the cryptocurrency as an asset, JPMorgan analysts said in a report dated Tuesday. Source
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JPMorgan Beats Market Estimates for Q3 Earnings, JPM Stock Falls 1%
JPM stock was down 1.38% on Tuesday’s opening hours in the market. The bank has reported better-than-expected net profits with the bottom line getting good support from its investment banking services.On Tuesday, October 13, Wall Street banking giant JPMorgan Chase & Co (NYSE: JPM) delivered better-than-expected Q3 earnings. During Q3
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JPM Shares Down 1% as JPMorgan Agrees to Pay $920M in Settlement
The JPMorgan settlement case has expectedly resulted in the firm’s shares losing 81 cents (0.84%) of their value on Tuesday.The shares of investment banking giant JPMorgan Chase & Co (NYSE: JPM) dipped on Tuesday following reports that the firm will be paying about $920 million in settlement to clear off
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JPM Stock Up 0.57%, JPMorgan Reports Strong Q2 Earnings
JPMorgan’s corporate and investment banking businesses did pretty well during the pandemic period which helped the Wall Street giant to offset the losses of its consumer retail and commercial business. JPM stock price is rising.Just at a time when the U.S. economy is on the edge of a sharp recession,
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A Sudden JPMorgan Warning May Rattle Nervous Stock Market Investors
JPMorgan thinks the U.S. stock market will see a different dynamic in the next six months.Strategists predict individual stocks will see less correlation, as fear of missing out (FOMO)-driven sentiment subsides.Struggling sectors with weaker fundamentals and financials like the airline industry are expected to see a steeper downtrend.JPMorgan thinks the
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