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Wall Street Firms Advise Clients Against Investing in Crypto, Says Wealth Manager
5.5.2020
Top U.S. banks JPMorgan Chase and Goldman Sachs could be talking their clients out of crypto, according to a wealth manager
JPMorgan, Bank of America, Wells Fargo Sued Over Trump’s Paycheck Protection Program
22.4.2020
Class action lawsuits have been filed against JPMorgan Chase, Bank of America, Wells Fargo, and U.S. Bank for their alleged unlawful and fraudulent practices in the Paycheck Protection Program. This program is part of President Trump’s $2.2 trillion stimulus package to help small businesses...
Americans Purchase $1,200 Worth of Bitcoin, While 7 Banks Fumble With Stimulus Payments
20.4.2020
For years now, bitcoiners and cryptocurrency proponents have said the antiquated banking system will not continue to survive for very long and the financial system is showing massive cracks these days. The recent stimulus check fiasco is a prime example of the issue, as customers from PNC, JPMorgan...
Largest US Banks Expect Billions in Loan Losses, Profits Plunge
19.4.2020
Several of the largest U.S. banks have set aside billions of dollars in reserves as they expect massive losses from loan defaults, sending their profits nosediving. Wells Fargo’s first-quarter earnings fell a whopping 90% while JPMorgan Chase’s profit dropped 70%. Bank of America...
JPMorgan, Bank of America, Deutsche Bank Predict Major Recession
11.4.2020
Big banks are predicting a major recession, the deepest one in the post-war era. JPMorgan Chase CEO Jamie Dimon said his bank cannot be immune to the resulting financial stress while Bank of America expects the U.S. economy to “collapse” and Deutsche Bank has forecasted a severe global...
Bitcoin Naysayer Jamie Dimon Praises $2 Trillion Stimulus While Predicting Great Recession
8.4.2020
JPMorgan Chairman and CEO Jamie Dimon predicts a major recession on par with the Great Recession of 2008
BTC Plunge, YouTube Ban & Other Challenges: Bad Crypto News of the Week
14.3.2020
Check the bad crypto news of the past week
Chase Bank Settles Suit Over ‘Sky-High’ Credit Card Charges for Crypto Purchases
12.3.2020
The bank had allegedly charged the plaintiff over $160 in fees and interest for regularly purchasing cryptocurrencies
JPMorgan Chase Settles in Suit Over Credit Card Crypto Purchases
12.3.2020
JPMorgan Chase has settled a $1 million lawsuit with three men over abrupt changes made to its credit card fees for crypto purchases in 2018
‘World is Ready for Private Money’ - JPMorgan
24.2.2020
The world may be on the verge of large-scale adoption of “private money” such as Facebook’s Libra, a major investment bank predicts, although there are still hurdles to overcome before the vision can become reality.
According to the JPMorgan Perspectives report, released this past weekend by...
Getting Into the Financial Services Revolution With Alex Tapscott
23.2.2020
“Libra, on balance, is a good thing.” Alex Tapscott discusses his latest book with Cointelegraph
JP Morgan: Digital Money Foundation Laid, Blockchain In Banking Years Away
23.2.2020
JP Morgan suggests that blockchain laid the foundations for digital money, but the role of cryptocurrencies is still limited
Coming to a ConsenSys: JP Morgan Acquisition Paves JPM Coin Growth
15.2.2020
Once ConsenSys and JP Morgan finalize the terms of their alleged agreement in six months, JPM Coin can grow
Can Blockchain Survive Mass Adoption? Future Perils Disclosed
14.2.2020
Tech giants, corporations and governments could dramatically change blockchain tech from decentralized to centralized on their path to its adoption
JPMorgan Might Merge Quorum With ConsenSys - Report
11.2.2020
Within the next six months, U.S.-based investment banking giant JPMorgan Chase is likely to announce that its blockchain unit Quorum is merging with major bockchain company ConsenSys, Reuters reported, citing people familiar with the plans.
Both companies are already in talks over this potential...
Report: JPMorgan Considers Merging Blockchain Unit with Consensys
11.2.2020
JPMorgan Chase is reportedly considering a merger of its blockchain unit Quorum with the Ethereum-focused firm ConsenSys
JPMorgan May Merge Its Blockchain Project With Ethereum Studio Consensys: Report
11.2.2020
The banking giant is apparently in talks to merge Quorum with ConsenSys, the ethereum-focused software developer and investor
2019's Top 10 Institutional Actors in Crypto
1.2.2020
When it was reported in April that Harvard University’s endowment was making its first crypto investment, the news was hailed as a win for the cryptocurrency/blockchain sector, which has struggled to attract institutional investors with deep pockets
Former JPMorgan Exec Joins Binance as Latin American, European Director
30.1.2020
Former State Street counsel, JPMorgan vice president and Huobi regional head Josh Goodbody is joining Binance as its new director of European and Latin American growth and institutional business
Davos 2020: Awaited Regulations, Unexpected Enthusiasm, New Challenges
27.1.2020
This year's WEF dealt with a number of regulatory problems affecting the global crypto arena