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Unlike traditional banking transactions, which usually operate only during business hours, the platform executes transactions at any given time of the day. JPM Coin, the blockchain-based payment platform developed by JPMorgan Chase (NYSE: JPM), has successfully reached an impressive milestone of processing $1 billion worth of transactions daily. The company’s Global
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BlackRock, the world’s largest asset manager, has tokenized its money market fund shared, which were later provided as collateral to Barclays in an over-the-counter derivatives deal, JPMorgan Chase & Co. announced on Wednesday. See related article: Binance users in Hong Kong hooked by US$450,000 phishing attacksFast FactsBlackRock executed the transaction on
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JPMorgan CEO Jamie Dimon says artificial intelligence could be applied to “every single process” of his firm’s operations and may replace humans in certain roles. In an Oct. 2 interview with Bloomberg, Dimon said he expects to see “all different types of models” and tools and technology for AI in
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Bahrain-based Bank ABC will use JPMorgan’s Onyx Coin Systems for blockchain-based cross-border payments in a soft, or limited, launch. The new service will be more cost effective and reduce settlement times relative to traditional solutions.Bank ABC will at first use the U.S. dollar in transactions involving Bahrain, the United States,
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Chase Bank, a digital bank owned by the investment bank JPMorgan, will restrict all cryptocurrency-related transactions for its customers in the United Kingdom.Starting from Oct. 16, customers of Chase Bank in the U.K. will no longer be able to make crypto transactions using their debit cards or through outgoing bank
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"Going from zero to 2% was almost no increase. Going from zero to 5% caught some people off guard, but no one would have taken 5% out of the realm of possibility," Dimon said, during an interview with the Times of India. "I am not sure if the world is
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Excluding a few dozen tokens, most cryptocurrencies are bound to “go away,” according to Umar Farooq, Chief Executive Officer of JPMorgan’s blockchain unit.See related article: Singapore’s MAS says needs to do better job explaining crypto policyFast facts“Most of crypto is still junk,” he said at the Monetary Authority of Singapore’s
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One of the world's largest private equity investment firms with $498 billion in assets under management, Apollo Global Management, has made a major push into crypto by hiring former JPMorgan (JPM) executive Christine Moy to be its first head of digital assets strategy, the company said Thursday. Bloomberg first reported
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A pioneering female in the male-dominated realm of crypto, Moy co-founded Onyx by JPMorgan, a business unit focused on digital assets and blockchain built using a permissioned version of Ethereum. She was also an early advocate for JPMorgan to bank crypto companies including Coinbase and Gemini. Source
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