Tether Deal With New York State Brings Quick Reversal of Crypto-Market Sell-Off
The settlement over tether with the New York attorney general’s office appears to remove what might have been a systemic threat to cryptocurrency markets. Bitcoin…
Tag: JPMorgan
A Sudden Loss of Faith in Tether Would Pose Risk to Bitcoin, JPMorgan Says
“If any issues arise that could affect the willingness or ability of both domestic and foreign investors to use USDT, the most likely result would…
Increased Mainstream Adoption of Bitcoin Cuts Diversification Benefit, JPMorgan Says
Bitcoin’s correlation with traditional markets could “erode” its “diversification value over time.” JPMorgan strategists questioned bitcoin’s utility as a reliable investment hedge in a memo…
Why Is Bitcoin Going Up, and Will It Crash Soon? What’s Next as Price Doubles to $40K
Bitcoin’s prices reached all-time highs above $40,000 less than a month after breaking $20,000 for the first time. Since the start of the most recent rally, ostensibly…
JPMorgan Predicts Bitcoin Price Could Rise Over $146,000 in Long Term
Investment banking giant JPMorgan has called a long-term bitcoin price target of over $146,000 based on the assumption that the cryptocurrency will grow in popularity…
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…
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…