#jpmorgan

Dec 14, 2020
2 min

JP Morgan say Bitcoin will consume Gold’s Market Share

The speculation bank says gold could mull for quite a long time as Bitcoin's prevalence develops. Developing standard acknowledgement of Bitcoin (BTC) as a saving resource is directly affecting gold, making way for a significant move in institutional allotment between the two resources, as per experts at JPMorgan Chase. Quantitative planners, including Nikolaos Panigirtzoglou, accept that Bitcoin's advanced gold account will draw speculators from valuable metals, potentially

The Rise in Bitcoin Price Due to Cryptocurrency Commercialization Observed by JPMorgan

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Nov 1, 2020
2 min

The Rise in Bitcoin Price Due to Cryptocurrency Commercialization Observed by JPMorgan

JPMorgan Chase's (JPM) advanced cash is in business use unexpectedly, and the bank on Tuesday dispatched another business around the innovation supporting the coin. That follows a Bitcoin value flood over this month. JPM Coin — a digital money JPMorgan dispatched a year ago — "is being utilized economically unexpectedly this week" by a major innovation customer, which the bank didn't distinguish, CNBC wrote about Tuesday. The customer is utilizing the digital money for cross-

JPMorgan has changed its view of Bitcoin

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Jun 16, 2020
2 min

JPMorgan has changed its view of Bitcoin

JPMorgan, which is also one of the most important banks, has changed its view of the world's number one cryptocurrency. The price of bitcoin has risen by about 30% since the beginning of the coronavirus. At the moment, the price of Bitcoin is hanging a little below $10,000 per bitcoin. The CEO of JPMorgan, who has previously said that bitcoin is a "scam", has now said that bitcoin looks "mostly positive" and that cryptocurrencies more broadly have “longevity as an asset class

JPMorgan to Start Banking Services for Crypto Exchanges Coinbase and Gemini

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May 15, 2020
2 min

JPMorgan to Start Banking Services for Crypto Exchanges Coinbase and Gemini

In April, Gemini and Coinbase reportedly had their accounts approved with JPMorgan Chase. JPMorgan Chase, the largest bank of the United States, has reportedly taken on U.S. cryptocurrency exchanges Gemini and Coinbase as customers. A piece of news from the Wall Street Journal on May 12 told unnamed references familiar with the matter, highlighting that the movement is the first time the banking giant has served clients from the crypto industry. iece of news from the Wall Str

Private Blockchain to Track Inventory at Auto Dealerships: JPMorgan

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Nov 25, 2019
3 min

Private Blockchain to Track Inventory at Auto Dealerships: JPMorgan

JPMorgan, the famous American multinational investment bank and financial services holding company has affirmed its belief in blockchain, mentioning, the technology can help keep track of the automobile inventory it finances for car dealers. As per JP Morgan, it will also help prevent them from pledging different loans for the same car. A patent application was also filed by the bank’s wholesale car financing arm that lays out a distributed ledger-based version of floorplan l