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JPMorgan


Distributed ledger startup R3 is reportedly running low on cash – and judging by the social media response, the crypto-community isn’t showing much sympathy. Fortune reported Thursday that R3 is facing a cash crunch, coming just over a year after the company announced a $107 million funding round to “bring blockchain services to the financial …

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A proposed class action lawsuit has been filed against JPMorgan Chase, alleging that the bank overcharged its credit card customers when they used funds to purchase cryptocurrencies. Brady Tucker, the plaintiff named in the April 10 complaint, said that Chase Bank incorrectly charged him $143.30 in fees and $20.61 in interest stemming from purchases made …

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JPMorgan Chase’s blockchain lead is leaving the bank to launch her own venture. Amber Baldet, who oversaw development of JPMorgan’s permissioned blockchain platform, Quorum, is leaving the financial institution, according to an internal memo sent Monday by the bank’s head of blockchain initiatives, Umar Farooq. Baldet, one of CoinDesk’s Most Influential in Blockchain in 2017, headed up …

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What do private blockchain builders really want? According to JP Morgan blockchain lead Amber Baldet, they’re faced with the same concerns as anyone building public blockchains today. “These problems really aren’t so far apart, it’s just that people are trying to solve the problems in different ways,” Baldet told the audience at EthCC, an ethereum …

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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 Box segment, professor and economist Kenneth Rogoff implied Bitcoin only had value because of its use in “money laundering and tax evasion.” “I would …

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Jack Dorsey, CEO of San Francisco-based payment service Square, revealed the company’s plans to focus on developing increased options for Bitcoin (BTC) use in a conference call Tuesday, Feb. 27 with Market Watch. Dorsey, who is also the CEO of Twitter, specifically discussed the company’s Cash App, which now allows all users to buy and …

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J.P. Morgan Chase has added a segment on cryptocurrencies to the “Risk Factor” section of their 2017 annual report to the US Securities and Exchange Commission (SEC), filed yesterday, Feb. 27. The annual report mentions cryptocurrencies under the “Competition” subsection when describing how new competitors have emerged that threaten J.P. Morgan’s operations: “Both financial institutions …

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J.P. Morgan has called cryptocurrencies the “innovative maelstrom” around Blockchain and said they are “unlikely to disappear” in what appears to be an internal report from the company, published Feb. 8, 2018. In an extract from what is allegedly the banking giant’s executive summary on cryptocurrency, the company appears bullish on crypto’s future. “Cryptocurrencies are …

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Another Bitcoin prediction was made this week by Winklevoss twins – the famous Bitcoin billionaires. Bitcoin has “potential appreciation” of thirty to forty times its current value, Cameron Winklevoss claimed in an interview with CNBC on Wednesday, Feb. 7. At press time, the market capitalization of Bitcoin was just below $140 bln, following a huge …

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Customers at J.P. Morgan Chase, Bank of America, and Citigroup cannot buy cryptocurrencies with credit cards, CNBC reported today, Feb.3. J.P. Morgan Chase had confirmed to CNBC on Jan. 25 that they were allowing credit card purchases of cryptocurrencies, and Bank of America and Citigroup had said they were reviewing their policies on credit card purchases …

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Former US Secretary of State John Kerry has said cryptocurrency is a topic at the World Economic Forum (WEF) “because it has value,” talking to Cointelegraph. In exclusive comments to Cointelegraph, which is attending the currently ongoing event in Davos, Kerry appeared unsurprised that Bitcoin and Blockchain had become a major talking point in global …

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Unlike the stock market, which is seeing its eight-year bull run thanks, in part, to institutional investors, crypto-markets are dominated by individual investors. This is evident by almost every metric. Crypto-exchanges, which are havens for individual investors, are overwhelmed. Popular crypto-exchange, Binance recently revealed that they added 250,000 new users in a single day. Kraken …

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The views expressed here are the author’s own and do not necessarily represent the views of Cointelgraph.com 2017 was a breakthrough year for the crypto market for major coins such as Bitcoin, Ethereum, and Ripple, increasing awareness by the mainstream market, and innovative new applications of Blockchain technology drove impressive returns. More importantly, this blistering …

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Today, Jan. 9. the Chairman & CEO of JPMorgan Chase, Jamie Dimon, spoke pessimistically about the viability of decentralized cryptocurrency, predicting that all digital currencies will eventually be fiat, or government-controlled. Dimon made the comments today at the JPMorgan Health Care Conference in San Francisco. Answering questions at the conference, Dimon focused on the implausibility …

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This is an entry in CoinDesk’s Most Influential in Blockchain 2017 series. It’s February of 2017 – I’m sharing a standing table at a rooftop bar in Brooklyn with Amber Baldet, the executive director of JP Morgan’s Blockchain Center of Excellence, and I’m suffering from intense cognitive dissonance. Earlier in the day at an event, …

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Bitcoin, the most valuable cryptocurrency and decentralized store of value with a $270 bln market cap, has been named Investopedia’s 2017 Term of the Year. Most popular keyword Based on search results and volume, Bitcoin surpassed Trumpcare, ICO, Blockchain and FAANG to become the most searched and popular keyword on Investopedia, the most widely utilized …

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Don Tapscott is the CEO of The Tapscott Group, one of the world’s leading authorities on the impact of technology on business and society. He has authored over 15 books, including “Blockchain Revolution,” published in May 2016 by Portfolio. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. Notwithstanding our admonition in “Blockchain …

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Bitcoin futures are down as the world’s largest futures market, CME Group, opens trading. Immediately after trading began, Bitcoin futures contracts closing in January jumped to $20,800 before falling to $18,800 at press time. Contracts expiring in February, March and June are still priced at $20,000. Considering Bitcoin’s current spot price of $18,500, Wall Street …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. JPMorgan CEO Jamie Dimon is famous for his bombastic bitcoin bashing, but the vocal bitcoin critic had been largely silent on the flagship cryptocurrency over the course of the past two months. Jamie Dimon Remains Skeptical of Bitcoin However, he broke that …

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The number of blockchain jobs posted in the U.S. this year has seen a dramatic increase, according to data provided to CoinDesk from one of the largest jobs sites. The just-published statistics from Indeed.com indicate that, since last December, that number has increased by 207 percent. Even more dramatically, the number of blockchain jobs has …

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