Tag: jpmorgan

Researcher Ronnie Moas: Bitcoin Price Will Hit $400,000 in Long-Term No Comments

On CNBC’s Rundown, respected researcher, and financial analyst Ronnie Moas from Standpoint Research stated that in the long-term, the bitcoin price will likely reach $400,000. "Bitcoin is already up 500 percent since I recommended it in the beginning of July, and I'm looking for another 500 percent move from here. The end-game on bitcoin is that it will hit $300,000 to $400,000 in my opinion,...


JPMorgan Changes Stance: Bitcoin Could Become the New Gold No Comments

Less than a month since CEO Jamie Dimon inaccurately described bitcoin as a “fraud,” JPMorgan has changed its stance on the cryptocurrency. Throughout the past month, analysts and investors in both the cryptocurrency and traditional finance markets have criticized Dimon and JPMorgan for their baseless condemnation on bitcoin. Almost immediately after the company’s CEO called bitcoin a fra...


Goldman Sachs May Launch a Bitcoin and Cryptocurrency Exchange No Comments

Earlier this week, Paul Vigna, a Wall Street Journal reporter, revealed that several key figures familiar with the matter confirmed that Goldman Sachs, the $93 billion investment bank, may launch a bitcoin and cryptocurrency trading platform in the upcoming months. Goldman Sachs’ cryptocurrency trading division and strategic investment group are reportedly investigating into the plan of launc...


bitcoin, bitcoin price

JPMorgan’s Jamie Dimon Slams Bitcoin As “Fraud” No Comments

Speaking at an investor conference in New York on Tuesday, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon blasted Bitcoin in a series on damning statements. Calling the cryptocurrency a “fraud” that’s “worse than tulip bulbs”, he went on to say he’d fire any employee trading Bitcoin “in a second”. He gave the following concise reasons: “It’s against our rules” a...


NewsBTC R3 JPMorgan

R3 Consortium Loses Another Key Member as JPMorgan & Chase Departs No Comments

Things are going from bad to worse for the R3 consortium. Ever since it became clear the group is not focusing on blockchain technology, there has been a lot of backlash. JPMorgan Chase & Co has now decided to leave the group and focus on other things. It appears R3's fundraising process is the main reason for this departure. While there are still plenty of banks supporting R3, the group is...


AXONI’s Blockchain Solution for Fintech Industry Passes All Tests No Comments

The banking and financial institutions across the world have been working on development and implementation of blockchain technology based applications into their operations. The latest news about a successful trial run of a similar blockchain technology based solution comes from AXONI. In a recent press release, AXONI, a distributed ledger based financial technology solutions provider has repo...


Why Blockchain Will Power The Big Banks In 2016

Analysis: Why Blockchain Will Power The Big Banks In 2016 No Comments

The full potential of Bitcoin's intrinsic technology - blockchain - had until recently gone largely unrecognized by the entire financial technology industry as well as the established banking giants of North America, the Far East, and Britain for many years.  That was until some of the more avant-garde  -among the usually wood-paneled, traditional institutions  looking to back the 'next big thi...


Investors are Starting to Recognize Bitcoin as an Independent Currency. newsbtc bitcoin news

Investors are Starting to Recognize Bitcoin as an “Independent Currency” No Comments

Since the beginning of 2015, an increasing number of central banks and government agencies have begun to show interest in bitcoin and digital currencies. Investment Strategist Philipp Vordran believes that countries are considering turning their currencies into crypto-currencies. “Countries are thinking about turning their currencies into crypto-currencies. I don't know if that's a smart idea...


SEC Approves Overstock Plan to Issue Stock Via Blockchain. newsbtc bitcoin news

IBM, JPMorgan, and Others Join Forces to Create Their Own Blockchain No Comments

In a major blow to the Bitcoin blockchain, leading financial and technological giants including IBM, Intel, Cisco, JPMorgan, Wells Fargo, London Stock Exchange (LSE) Group, and State Street have come together to create their own open-source blockchain. According to a highly extensive report on Wired.com, the open source project will aim to replicate a blockchain-like technology that can bring a...


Bitcoin penny stock scam tries to net WhatsApp users.

Bitcoin penny stock scam tries to net WhatsApp users No Comments

WhatsApp users were the target of spam messages last week when spammers claiming to be traders from JPMorgan, Morgan Stanley, and Goldman Sachs told the users that stock of AVRN will spike to $1. This message led to some curiosity about this Bitcoin company but it was short-lived as the news of it being spam quickly did the rounds as well. The screenshots of these spamming messages were report...


SUBSCRIBE TO OUR NEWSLETTER