Wednesday, October 28, 2020
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Blockchain Bites: JPM Coin Goes Live, Bitcoin Rallies, Stocks Falter

JPM Coin will see its first commercial use, banking executives said. Southeast Asia’s largest bank by assets, DBS, is eyeing a digital assets exchange. And bitcoin’s recent rise shows a decoupling from traditional markets, like the S&P 500.Top shelfJPM CoinJPM Coin, the enterprise-minded digital asset stewarded by the titular global

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Is Bitcoin More Correlated to Stocks or Gold?

According to analyst Lyn Alden, the answer depends on bitcoin’s own cycle.For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS. Subscribe to Blockchain Bites, our daily update with the latest stories.SubscribeBy signing up, you will receive emails about CryptoX products and you agree

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Chamath Palihapitiya Outlines Alarming Reason Stocks Keep Going Higher

Investors are concerned about the upcoming U.S. presidential election impacting the stock market.Chamath Palihapitiya said the stock market would continue to rise regardless of a Trump or Biden presidency.Stocks are going higher due to the Federal Reserve’s unprecedented support, which is causing asset price inflation.After a tech stock selloff in

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Fidelity, Vanguard, Schwab Funds Have Been Loading Up on Crypto Mining Stocks

Three of the largest asset managers are diversifying their funds to hold blockchain stocks, throwing more establishment financial might behind bitcoin’s technology.Charles Schwab has begun purchasing shares of Riot Blockchain, joining Fidelity and Vanguard – already investors in Riot, HIVE Blockchain Technologies, Hut 8 and BC Group – in allocating

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