JPMorgan conducts pilot trials on its blockchain for collateral settlement
JPMorgan Chase & Co, a multinational investment bank, is apparently testing the use of its own private blockchain for collateral settlements. Bloomberg reports that JPMorgan performed a test transaction last Friday in which two of its businesses transferred a tokenized version of Black Rock Inc. money market fund shares. A money market fund is a […]
Bitcoin’s fair value, according to JPMorgan, is $35,000
According to Bloomberg, JPMorgan claims that Bitcoin’s fair worth is $35,000, which is 44% less than its current price tag of $63,300. Its calculation is based on a comparison of cryptocurrency volatility to gold volatility. Bitcoin is currently four times more volatile than precious gold. Despite the fact that there is certainly more upside in […]
Inflation, not ETFs, drove Bitcoin to $67,000 says JPMorgan
JPMorgan thinks the ProShares Bitcoin futures ETF launch is unlikely to boost BTC prices. Bitcoin prices are unlikely to climb as a result of the debut of the ProShares Bitcoin futures exchange-traded fund (ETF) , according to US bank JPMorgan. As an alternative, they cited inflation as a significant factor that may have had a […]
Banks vs. exchanges: Regulators disproportionately sanction fiat, not crypto
According to a recent study, authorities’ actions against cryptocurrency companies have cost them less than 1% of the total cost of traditional financing over the last two decades. In spite of the fact that authorities have frequently targeted projects both inside and outside of the cryptocurrency field, the fines assessed against digital asset exchanges are […]
OnlyFans retracts its decision to prohibit porn following assurances from ‘banking partners’
As a result of the backlash from creators and new assurances from at least one bank that had suffered a bad reputation, OnlyFans has reversed course on its decision to ban sexually explicit content. This has not gone down well with a number of major banks, who are concerned about the platform’s ability to connect […]