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Morgan Creek Raises $61M Out of a Target of $250M in Its Second Round of Funding
23.10.2019
Cryptocurrency Asset Management firm Morgan Creek Digitals’ second venture capital fund has raised $61 million from 11 investors till date. The fund aims to invest in start-ups in blockchain technology. Morgan Creek had filed with SEC an application for its second blockchain fund on October...
Pension Funds Put $50 Million into Morgan Creek’s New Blockchain Fund
22.10.2019
Morgan Creek Digital raised the first $50 million for its second venture capital fund from the same two large institutional investors in its first
Pomp’s Morgan Creek Raises $61M For Blockchain Fund, Targets $250M
22.10.2019
Morgan Creek Capital Management firm has raised $61 million for second blockchain fund
JP Morgan CEO Says Facebook’s Crypto Project Libra “Will Never Happen”
21.10.2019
Jamie Dimon, CEO of JP Morgan Chase, has voiced his opinions on Facebook’s ambitious and much-talked-about digital currency project Libra. In Dimon’s words, Facebook’s digital currency project Libra is a neat idea that will never happen. He, however, refrained from elaborating on the reasons behind...
Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet
2.10.2019
U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed...
Former Employees of JP Morgan, Intel and TrustToken Launch Stablecoin
1.10.2019
Former employees of JPMorgan, Intel, and TrustToken are launching a new stablecoin, dubbed the USDD
JP Morgan’s Interbank Information Network Gets Five New SK Members
23.9.2019
Five South Korean banking giants have joined JP Morgan for their blockchain-based payments initiative, the Interbank Information Network (IIN). The cross-border payments initiative operates on a ‘permissioned-variant’ of the Ethereum blockchain, dubbed, Quorum, and allows IIN members...
JP Morgan’s Blockchain Network is Now Offering its Services to Germany’s Largest Bank
16.9.2019
Deutsche Bank, Germany’s largest bank has opted for a blockchain-based network by joining JP Morgan‘s Interbank Information Network (IIN). It is the biggest blockchain project in the financial service industry. Launched in 2017, this blockchain-based network is now seeing rapid growth in...
CEO Jamie Dimon Says that JP Morgan is Preparing for Risks from Zero Interest in the US
11.9.2019
The issues surrounding interest rates have taken centre stage among financial circles over the past few months, and one of the most interesting yet controversial topics has been that of negative interest rates. Many countries in the world now have negative interest rates, and now it is being...
Gemini Hires Former Morgan Stanley Exec as New Chief Compliance Officer
4.9.2019
Former Morgan Stanley executive Noah Perlman has joined the Gemini crypto exchange as its new chief compliance officer
Fake Gold Bars Detected in the Global Market While Price Hits New Six-Year High
29.8.2019
Sentiments driving the value of gold has shown no sign of slowing down since last 6 years. Priced at $1,545/oz, today, the commodity has hit a new high. Until now it has made over 20% this year and has reached its peak since March 2013. On the contrary, such escalating gold prices have paved...
Ex-Morgan Stanley Exec Joins Former Colleagues at Shenzhen Crypto Firm
24.8.2019
Ex-Morgan Stanley Asia head of derivatives Jeffrey Wang joined his former colleagues at Shenzhen-based crypto firm
Banking Giants JP Morgan and Goldman Sachs Caution against Chinese Stocks as Trade War Continues
13.8.2019
The continued trade war between the world’s two biggest economies, the United States and China, has proven to be the biggest economic issue in this decade. On top of that, there is still no sign that the trade war is going to be resolved any time soon, and that has made life extremely different...
Over 50% of Morgan Creek Founder Anthony Pompliano’s Net Worth Is In BTC
6.8.2019
Morgan Creek's Antony Pompliano says that over half of his net worth is in Bitcoin, Kevin O'Leary disapproves heartily
JP Morgan’s CEO Comments About the Effect of Facebook’s Crypto Libra
19.7.2019
Facebook’s cryptocurrency Libra is driving in diversified opinions from all over the world. While some are eagerly awaiting it, multiple authorities have raised critical questions on the ambitious crypto project by the social networking giant. The latest remarks on Libra has been made by Jamie...
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
18.7.2019
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner,...
JP Morgan’s Jamie Dimon: Facebook’s Crypto Isn’t a Short-Term Concern
17.7.2019
“We’re going to be talking about Libra three years from now," JPMorgan Chase CEO Jamie Dimon said Tuesday
JP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War
11.7.2019
A ship seized by the U.S. Customs and Border Protection Agency in June carrying over 15,000 kilos of cocaine has now been tied to JP Morgan Chase’s asset management unit. Officially the company does not exercise any operational control of the vessel, but some serious questions are raised when...
Money and Democracy: Why You Never Get to Vote on the Most Important Part of Society
10.7.2019
It’s very odd that citizens never get to vote or have any say in regard to society’s money, even though it’s one of the most important aspects of everyday life. In fact, in developed countries, most central banks are institutions that are privatized from political interference...
Technology Arms Race Hots Up As JP Morgan Commits To Investing in AI
3.7.2019
As anyone might have noticed, technology has totally changed the way banking operates nowadays and it is perhaps even more so when it comes to professional trading. Over the years, banks have created complex algorithms and software application in order to maximize the returns from their hedge...