JPMorgan
Bitcoin Rises Above $43K for First Time Since May
Bitcoin's price rose above $43,000 Friday for the first time since May, taking its year-to-date return to 48%. The Week in Review panel for "All About Bitcoin" discusses the week's top events that could have propelled bitcoin's rally, including Ethereum's London hard fork upgrade, growth in crypto ATM installations, and JPMorgan's in-house bitcoin fund launch.
JPMorgan Launches In-House Bitcoin Fund for Private Bank Clients
Mega-bank JPMorgan has started pitching an in-house bitcoin fund to its Private Bank clients in partnership with NYDIG for the first time this week.
BlockFi Pursuing Plans to Go Public Despite Regulatory Scrutiny
CoinDesk "First Mover" editor Brad Keoun and research analyst George Kaloudis discuss what to watch for next week as crypto lender BlockFi reportedly aims to go public amid growing regulatory scrutiny. Plus, exploring bullish signals for institutional interest in the crypto markets as JPMorgan announces it now offers clients access to some crypto funds, including GBTC.
Is Bitcoin Undervalued or Could It Trend Lower?
As bitcoin rebounds to above $32K after dipping below the critical $30K level, could it head towards another new low? MarketGauge Group’s Michele Schneider shares her bullish outlook on bitcoin, saying “anything could go lower… [but] it does definitely appear undervalued.”
Survey: Most Salvadorans Skeptical of Bitcoin as Legal Tender
JPMorgan is casting doubt on El Salvador adopting bitcoin as its legal tender, saying there is widespread skepticism and hesitancy in the country regarding bitcoin as a medium of exchange in a new survey. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Why JPMorgan Analysts Are Bearish on Bitcoin
While some observers say bitcoin's price has bottomed out, analysts at JPMorgan remain bearish, identifying the impending unlocking of shares in the Grayscale Bitcoin Trust (GBTC) purchased in January as a source of downside risk to the cryptocurrency. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
JPMorgan Looks to Make JPM Coin Programmable Money
Two years after JPMorgan introduced its own digital token, JPM Coin, the banking giant says it is now looking to make its digital token as programmable money. "The Hash" panel discusses whether it's just a marketing strategy or whether it could actually help JPM Coin do more things than just a uni-dimensional value transfer on the platform.
JPMorgan and Other Banks Plan to Issue Credit Cards to People With No Credit
A pilot program launched by JPMorgan and several major banks will issue credit cards to people with no credit scores. Instead of credit scores, the U.S. banks will share other customer data, including bank statements and other banking habits. "The Hash" panel discusses how it's connected to crypto and how traditional finance is changing in response to DeFi.
JPMorgan Offers Exposure to Crypto With Basket of Bitcoin Proxy Stocks
JPMorgan plans to launch a "cryptocurrency exposure basket" of bitcoin proxy stocks. "The Hash" panel weighs in on why the investment banking giant is dipping its toes into crypto now despite its CEO not being a bitcoin fan.
JPMorgan Testing Blockchain Payments in Space
JPMorgan Chase has been testing blockchain payments using satellites in space, exploring payments for the internet of things (IoT) in a decentralized way. “The Hash” panel weighs in on the implications for future payments between everyday physical objects powered by blockchain technology.
