JPMorgan: 72% of Institutional Traders Surveyed ‘Have No Plans to Trade Crypto’

JPMorgan Survey: 72% of Institutional Traders Surveyed 'Have No Plans to Trade Crypto'A new survey by JPMorgan Chase shows that 72% of institutional traders “have no plans to trade crypto” while 14% plan to trade cryptocurrencies within five years. Institutional traders also expect “recession risk” to have the biggest impact on markets in 2023. JPMorgan’s Institutional Trader Survey Global investment bank JPMorgan Chase published the results of […]

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JPMorgan CEO Says BTC Is Fraudulent, a ‘Pet Rock;’ Bank of America Says CBDCs Are ‘Natural Evolution’ — Bitcoin.com News Week in Review

JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, recently calling it a “hyped-up fraud,” and a “pet rock.” For it’s part, Bank of America has said that it views central bank digital currencies (CBDCs) and stablecoins as a “natural evolution of today’s monetary and payment systems.” This and more on inflation and […]

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JPMorgan CEO Jamie Dimon on US Economy: ‘I Shouldn’t Ever Use the Word Hurricane’

JPMorgan CEO Jamie Dimon on US Economy: 'I Shouldn’t Ever Use the Word Hurricane'JPMorgan Chase CEO Jamie Dimon says he “shouldn’t ever use the word hurricane” when warning about the U.S. economy. However, he insisted that there are “storm clouds” that “could be a hurricane.” JPMorgan CEO Jamie Dimon on US Economy The chief executive of global investment bank JPMorgan Chase, Jamie Dimon, discussed the U.S. economy in […]

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JPMorgan Expects Major Changes Coming to Crypto Industry and Regulation Post FTX Collapse

JPMorgan Predicts Major Changes Coming to Crypto Industry Post FTX CollapseJPMorgan has outlined key changes it expects in the crypto industry and its regulation following the collapse of crypto exchange FTX. The global investment bank envisages several new regulatory initiatives, including those focusing on custody, customer asset protection, and transparency. JPMorgan Expects Major Changes in Crypto Industry Post FTX Meltdown Global investment bank JPMorgan published […]

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JPMorgan Chase Granted Wallet Trademark Covering Various Virtual Currency and Crypto Payment Services

JPMorgan Chase Obtains Trademark for 'JP Morgan Wallet' Covering Virtual Currency and Crypto Payment ServicesThe United States Patent and Trademark Office (USPTO) has granted JPMorgan Chase Bank’s trademark registration for “J.P. Morgan Wallet” for use in a wide range of financial services, including virtual currency transfers and exchanges, as well as crypto payment services. JPMorgan Chase’s Wallet Trademark JPMorgan Chase Bank has successfully registered a wallet trademark with the […]

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JPMorgan Expects Crypto Market to Face Weeks of Deleveraging – Warns Bitcoin Price Could Drop to $13K

JPMorgan Expects Crypto Markets to Face Weeks of Deleveraging – Predicts Bitcoin Price Could Drop to $13KGlobal investment bank JPMorgan has warned of the crypto market facing weeks of deleveraging stemming from the crisis at Sam Bankman-Fried’s crypto exchange FTX.com and trading platform Alameda Research. The firm’s analysts also predicted that the price of bitcoin could fall to $13,000. JPMorgan on FTX and Bitcoin’s Price JPMorgan Chase’s analysts, led by global […]

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JPMorgan Chase President: Fed Isn’t Too Hawkish and Crypto Is ‘Kind of Irrelevant’

JPMorgan Chase President: Fed Isn't Too Hawkish and Crypto Is 'Kind of Irrelevant in the Scheme of Things'JPMorgan Chase’s president that crypto “is kind of irrelevant in the scheme of things.” Commenting on the U.S. economy, he defended the Federal Reserve’s hawkish stance, emphasizing that if the Fed’s action “causes a slightly deeper recession for a period of time” then “that is the price we have to pay.” JPMorgan Chase President on […]

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JPMorgan Hires Former Executive of Bankrupt Crypto Firm as Head of Digital Assets Regulatory Policy

JPMorgan Hires Former Executive of Bankrupt Crypto Firm as Head of Digital Assets Regulatory PolicyJPMorgan Chase & Co. has hired bankrupt crypto lender Celsius Network’s former head of policy and regulatory affairs as its new head of digital assets regulatory policy. The move followed JPMorgan CEO Jamie Dimon telling U.S. Congress that crypto tokens, like bitcoin, are “decentralized Ponzi schemes.” JPMorgan Chase Hires Head of Digital Assets Regulatory Policy […]

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