Shortly after it was greeted with Disapproval from Cardano’s founder, CEO of Binance speaks on the JP Morgan and Facebook Cryptocurrencies

Upon the announcement of the inclusion of cryptocurrency to social media giant Facebook alongside the recent involvement of top U.S bank JP Morgan in cryptocurrency, the entire crypto-community has welcomed the news with mixed reactions, most of which were of opposition. Meanwhile, the CEO of Binance, Changpeng Zhao has just recently taken to Twitter to…

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Crypto Tidbits: Meet JP Morgan Coin, SEC Drops Bitcoin ETF Application

After last week’s price action, the crypto market quieted down. Bitcoin entered a lull, while altcoins followed close behind. Yet, the wheels of the crypto train have continued to spin. Twitter CEO Jack Dorsey revealed that his fintech upstart would eventually integrate Bitcoin’s Lightning Network, JP Morgan launched its own digital asset on a private…

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Did JP Morgan Miss The Point Of Cryptos, and What Effect Will JPM Coin Have?

It’s only February and already, we’ve had one of the biggest announcements in the crypto industry. JP Morgan announced yesterday that it had successfully trialed the JPM Coin. It will use it for its $6 trillion wholesale payments business as well as securities transactions. In doing so, it became the first bank in the U.S…

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Finra hits Morgan Stanley With $10 Million Fine For Anti-Money-Laundering

Major banks are often subject to money laundering. But, an article reported that the Financial Industry Regulatory Authority fined Morgan Stanley for anti-money laundering (AML) program. Most banks are acting anti-crypto rhetoric over the possibility for money laundering. This makes it ironic when one of the largest banks in the world is also responsible. This is…

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Institutional Investors No Longer Interested in Bitcoin: JP Morgan

Institutional investors are quickly losing interest in Bitcoin, JP Morgan has stated in recent research. According to the bank, key flow metrics have dwindled in recent months indicating reduced interest from the professional investors. The research cited interest in Cboe Global Markets which is at its lowest since Bitcoin futures launched a year ago. The…

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Sachs & Morgan Enter Production Phase with Hyperledger

CLS is a financial institution with the aim to provide an variety of settlement services to its clients in the foreign exchange sector. They had been working with IBM to develop a netting solution, based on the Hyperledger Fabric blockchain. Towards the end of last month, this solution went live. Fortunately, the product was welcomed…

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Bloomberg: Morgan Stanley is Building a Cryptocurrency Product

One of the most important and largest investment banks all over the world, Morgan Stanley, is building a crypto-related product for its clients. The information has been released by Bloomberg yesterday, quoting people familiar with the matter. Morgan Stanley to Offer Bitcoin Swap Trading The famous investment bank is planning to offer trading in complex derivatives…

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Enter The Morgan: Morgan Stanley’s Clients Will Soon Be Trading Bitcoin

Bitcoin has been around for almost a decade now, and it’s safe to say that the crypto pioneer has done well in terms of price and overall market dominance. However, there are still points of friction plaguing the crypto’s market. One is regulation, and the other is adoption. By adoption, it means that the cryptocurrency…

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JP Morgan facing Federal Lawsuit due to ‘Sky High’ Interest rates against Cryptocurrency purchases

JP Morgan Chase is facing legal action over its extortionately ‘Sky High’ interest rates and fees when customers use credit cards to buy and sell cryptocurrencies. The multi-national company and its CEO have been vehemently opposed to cryptocurrencies in the past. With Jamie Dimon referring to them as a 21st Century ‘Tulip Mania. JP Morgan,…

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Is Bitcoin Disrupting the Banking Industry? For JP Morgan Chase, Yes

Several times JP Morgan Chase has commented about Bitcoin and cryptocurrencies. It has also given its opinion about blockchain technology and their uses. The most important cryptocurrency on earth may be revolutionizing the financial world. According to JP Morgan, Bitcoin is a revolutionary currency. JP Morgan’s Opinion About Bitcoin JP Morgan CEO, Jamie Dimon, has…

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