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In the latest research report, financial giant JPMorgan Chase & Co. has recently shared its belief in Bitcoin and the crypto market. Bloomberg reported, citing data from the financial services firm, that the current downtrend phase in the crypto market might just be nearing its conclusion. Notably, the deceleration in the
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The correction in crypto markets in August, “which reversed the post Securities and Exchange Commission (SEC) versus Ripple court decision rally” can be partly credited to the “broader correction in risk assets such as equities and in particular tech, which in turn appears to have been induced by frothy positioning
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Bitcoin (BTC) miners are moving into new business areas, including offering high performance computing (HPC) services to the fast growing artificial intelligence (AI) market, to reduce their dependence on crypto, JPMorgan (JPM) said in a research report Wednesday, Source
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The bank estimates that a 1 cent per kilowatt hour (kWh) change in the electricity cost could cause a $4,300 change in the bitcoin production cost. After halving, this sensitivity would double to $8,600, thereby “increasing the vulnerability of higher cost producers.” Source
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A JPMorgan strategist believes that SEC approval for a spot Bitcoin ETF won’t be a game changer. The banking giant has argued that similar products have existed in Canada and Europe. The strategist pointed out that Bitcoin funds have attracted little interest from investors over the past two years. JPMorgan’s report acknowledged that
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A possible approval of a spot Bitcoin exchange-traded fund (ETF) won't be a game changer for crypto markets, although it might benefit the leading cryptocurrency, according to a report by JPMorgan managing director Nikolaos Panigirtzoglou.Based in London, Panigirtzoglou is part of JPMorgan's global market strategy team. He believes that a
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Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied JPMorgan Chase Bank accidentally deleted 47 million electronic records containing messages related to ongoing investigations by the Securities and Exchange Commission (SEC), latest news on June 22 shows. JPMorgan deleted millions of records, paying a $4 million
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New York-headquartered investment bank JPMorgan Chase & Co. has launched euro-denominated transactions on its blockchain-based payment system, JPM Coin, Bloomberg reported on Friday. See related article: JPMorgan teams up with Indian banks for blockchain-based settlements: BloombergFast factsGermany’s engineering and manufacturing company Siemens AG was the first to use JPM Coin for
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Now, wholesale payment clients including renowned multinationals can choose to transfer either dollar or euro to/from their JPMorgan accounts anywhere in the world. American multinational investment bank JPMorgan Chase & Co (NYSE: JPM) has introduced euro-dominated payments for its corporate clients as unveiled by Basak Toprak, JPMorgan’s head of Coin Systems
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