A Slowing of Grayscale Bitcoin Fund Inflows Could Prompt Price Correction: JPMorgan
JPMorgan strategists have said the odds of a bitcoin correction would rise if flows into the Grayscale Bitcoin Trust slow down dramatically. Such a drop…
Tag: JPMorgan
Bitcoin Still on Track to Breach $20K in Coming Weeks: Analysts
Bitcoin’s revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark, according to several analysts. “We have witnessed a large move up…
JPMorgan Dipping its Toes into the Ethereum Ecosystem Could Be Bullish for ETH
Banking giant JPMorgan has offered mixed signals when it comes to their thoughts on cryptocurrencies, with the bank’s CEO frequently bashing Bitcoin and other cryptocurrencies,…
Enterprise Ethereum Alliance Launches Testing Ground for Blockchain Interoperability
The Enterprise Ethereum Alliance (EEA), the standards group where finance and other industries explore private versions of ethereum technology, has launched a testing ground to…
State Farm, USAA to Pay Each Other Insurance Claims on Blockchain by 2020
U.S. insurance giants State Farm and USAA have entered advanced testing of a blockchain to automate the time-consuming and paper-heavy processing of automobile claims. Announced…
Most Cryptos See Gentle Green Amid Exceedingly Calm Market Picture
Saturday, Feb. 16: Cryptocurrencies are seeing mild price action, with virtually all of the top 20 coins by market cap seeing fluctuations of within 2…
Bloomberg: Goldman Sachs Plans ‘Crypto Custody’ Offering, Despite Bleak Market Predictions
Goldman Sachs plans to “offer [clients] custody for crypto funds,” insider sources told Bloomberg August 6, as the investment bank says it remains “undecided” on its cryptocurrency plans. As the…
JP Morgan Announces Prototype Blockchain Platform to Streamline Capital Markets Infrastructure
J.P. Morgan Chase & Co presented a prototype of its blockchain platform for capital markets, which aims to cut costs and enable smoother securities transactions. The…
Ripple Cross-Border Payments Pilot: Financial Institutions Report Significant Time, Cost Savings
Financial institutions who participated in a recent pilot of Ripple (XRP)’s xRapid platform have reported transaction savings of 40-70 percent, Business Wire reports Thursday, May 10. In…
Bitcoin Price ‘More Likely To Hit $100’ Without Illicit Uses, Says Harvard Economist
A Harvard economist told CNBC Tuesday, March 6 that Bitcoin is “more likely to be worth $100 than $100,000” by 2028. Speaking to reporters during an edition of the network’s Squawk…