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Ripple’s XRP token has lost momentum of late. A couple of weeks ago it was the second largest crypto asset by market capitalization by a good margin. At the moment it can’t seem to get out of second gear as Ethereum streaks ahead increasing its lead. In today’s...
Ripple and its go-to crypto asset, XRP, have long been a nuanced topic of discussion in the cryptosphere. Many have argued that the San Francisco-based fintech startup, deemed a company to watch by Forbes, is sleeping in bed with banks, along with other incumbents of the legacy world....
Jamie Dimon, the chief executive of JP Morgan Chase, has long been a skeptic of cryptocurrencies, especially Bitcoin. After calling the flagship crypto asset a “fraud,” remarking that it’s much worse than the tulip bulb bubble of yesteryear, Dimon remarked that he doesn’t give a single sh*t about...
JP Morgan has doubled down on their criticism of Bitcoin (BTC) and Crypto in general in a recent report analyzing the nascent markets. Within this report, analysts at the financial institution made multiple claims regarding the markets, notably saying that Bitcoin may only be a good hedge in...
Another day, another price prediction. They are coming thick and fast at the moment as analysts and industry observers scramble to predict where the bottom will be. Some are more optimistic than others, but it is to be expected that JP Morgan is firmly on the pessimistic side...
British multinational investment bank and financial services company Barclays is reportedly looking to join the cryptocurrency hype among institutional players. Barclays Appoints Chris Tyrer to Lead Digital Assets Project A few months ago, Jes Staley, Barclays CEO, ruled out launching their own virtual currency trading desk. However, the...
Sources at Blockchain consortium R3 say despite claims of millions raised in funding the company is floundering and could be insolvent by next year, as reported by Fortune. R3’s Finances Laughable R3 which started off in a promising position in 2014 when it launched as an invitation-only consortium...
In what might be the most shocking revelation of the year, it turns out that Warren Buffet and Jamie Dimon still don’t like the world’s most popular digital currency, Bitcoin. The two recorded an interview with CNBC yesterday in which they once again outlined their stance. Jamie Dimon...
Just nine months after their CEO branded the leading crypto asset a ‘fraud,’ JPMorgan Chase appear to be starting to take digital currency more seriously. They announced today that they have appointed a head of crypto-assets strategy. Is JP Morgan Warming up to Crypto? Taking the newly created...
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...
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