JPMorgan Chase CEO Jamie Dimon expressed his doubts about bitcoin once again in an interview with CNBC on Thursday. The JPMorgan executive said, “Bitcoin itself is a hyped-up fraud. It’s a pet rock.” Dimon on the recent FTX fall stated: “I’m not surprised at all. I call them a decentralized
JPMorgan predicted that centralized exchanges would continue to dominate the bulk of global digital-asset trading volumes despite predictions from certain crypto analysts that a move toward decentralized platforms would follow after FTX’s demise. The bank’s strategists, led by Nikolaos Panigirtzoglou, warned clients on Thursday that the DEXs’ slower transaction speeds,
The financial behemoth JPMorgan shared insight into the complete scenario of the demise of the prominent cryptocurrency exchange FTX. JPMorgan stated that the centralized player is the cause of the recent crypto collapse. Also, the banking giant believes FTX’s failure might eventually make way for more strong regulations for cryptocurrencies.
On Thursday, experts at JPMorgan Chase, headed by global market strategist Nikolaos Panigirtzoglou, released their assessment of the FTX scenario and bitcoin price forecast. The researchers elaborated on the decline in the number of strong competitors in the crypto market. The analyst stated: “What makes this new phase of crypto
As the recent talk of the town, FTX crypto exchange is spreading globally, thereby causing a crash for the entire crypto market. In just this week, the crypto market has lost almost 20% of its market cap, which is around $200B. In light of the ongoing crisis, a crypto strategist
The third quarter of this year saw a record low of $4.4 billion in venture capital financing. Coinbase said that it does not anticipate a rapid recovery in the cryptocurrency market. Although the total value of the cryptocurrency market has risen to over $1 trillion in recent weeks, JPMorgan has
JP Morgan giant using Polygon and modified Aave for live trade. SBI Digital Assets tokenized Japanese yen (JPY) assets. JP Morgan, the global leader in financial services, completed its first live cross-border transaction on a public blockchain using decentralized finance (DeFi). The trade was executed on the Ethereum layer-2 network
Despite CEO Jamie Dimon’s criticism of Bitcoin and other cryptocurrencies as “decentralized Ponzi schemes,” the biggest investment bank in the world, JPMorgan has hired a new head of the digital assets regulatory policy division. According to Bloomberg Law, Aaron Iovine, who formerly worked in a similar role at the insolvent
JPMorgan Chase & Co is a multinational investment firm providing solutions to the top most important corporations, governments and institutions. Despite the bear market, JP Morgan hired a candidate for the role of Head of Crypto regulatory policy. It is none other than, Aaron Lovine, the former executive of Bankruptcy
It is unknown why JPMorgan Chase has decided to end its banking relationship with Yeezy. Ye has recently criticized his relationship with the financial institution. JPMorgan Chase has officially ended its banking relationship with Yeezy after weeks of contentious news headlines and negative backlash. From sporting White Lives Matter T-shirts
