J.P. Morgan sees three potential long-term stock winners from blockchain

Blockchain technology, made famous by cryptocurrencies, is still relatively new and not easy to get exposure to as an investor. J.P. Morgan listed three public companies that could benefit long-term from the emerging tech and have nothing to do with bitcoin. “Investors should be looking to identify where the opportunity to replace a middleman is…

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JP Morgan Using Ethereum-Powered Blockchain for Tokenizing Gold

One of the largest banks in the world, JP Morgan, is using an Ethereum-based blockchain, Quorum, to tokenize assets like gold.  Quoram Enterprise Blockchain JP Morgan, the New York-based investment bank, is using a blockchain platform to tokenize gold. The system enables sustainable miners to earn a premium on global markets. According to the Australian Financial…

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J.P. Morgan's Blockchain-based Interbank Information Network Attracts over 75 Banks

Though at the dawn of the development of blockchain technology, traditional financial and banking institutions didn’t pay much attention to it, now owing to the potential of this technology, the attitude of such institutions towards it has definitely changed. Without any doubts, the announcement that has been recently made by JPMorgan only proves the above-mentioned…

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Robinhood adds hundreds of new stocks to its trading app as retail investing competition heats up

Robinhood is adding 250 global stocks its no-fee stock trading platform. The fintech start-up has more than 5 million brokerage accounts, and after its most recent funding round in May is valued at $5.6 billion. J.P. Morgan announced a new free investing app last week, shining light on a growing move to commission-free trading in…

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J.P. Morgan Goes Live on Clearing Service CDSClear

Global clearing house, LCH, has announced today that J.P. Morgan has gone live on CDSClear. The US Bank is the first to offer client clearing on the CDS clearing service. Following J.P. Morgan going live, Swedish pension fund AMF is now clearing European and US credit default swaps through CDSClear. The fund is using J.P….

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The Financialization of the Crypto Ecosystem Is Accelerating, Expert Take

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please…

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Wells Fargo Bars Its Credit Card Holders from Purchasing Crypto

Wells Fargo, America’s third-largest bank, has recently banned its customers from purchasing Bitcoin or any other cryptocurrencies using the bank-issued credit cards. In a statement on Monday, a spokesperson from the bank said: “Customers can no longer use their Wells Fargo credit cards to purchase cryptocurrency.” Time to buy the dip? With this decision, Wells…

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Blockchain Project Result Released By South African Reserve Bank

The South African Reserve Bank (SARB), the central bank of the country, has released the results of Project Khoka, a proof of concept (PoC) for interbank transfers using Quorum, JP Morgan‘s private, ethereum-based platform. First announced in February of this year, Project Khoka focused on providing participants practical experience on aspects of using blockchain technology…

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Bitcoin & Cryptocurrency News – Reddit BTC, Oman XRP, and ICOs, and Airbus

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JP Morgan’s Blockchain Quorum Seeking Independence

US banking giant JP Morgan Chase is considering separating its blockchain division as an independent company. The notion being that liberation from the bank could increase the overall appeal of the project. Blockchain Disassociated from Banks According to reports citing ‘sources familiar with the situation’ the open source Quorum blockchain project could be spun off…

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