Trump quashes reports on Jamie Dimon and Larry Fink as his Treasury Secretary

The 78-year-old Republican nominee responded to reports suggesting he was considering the two financial CEOs for his cabinet.

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Trump weighing Bitcoin hater Jamie Dimon for US Treasury

The former president could reveal more details at the Bitcoin Conference in Nashville from July 25 through 27.

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JP Morgan-backed blockchain firm Partior closes $60M Series B funding

Partior is already processing transactions on behalf of several firms including JP Morgan, DBS, and Temasek.

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Public blockchain ledgers not fit for purpose, says JPMorgan exec

Despite the criticism, TradFi institutions still prefer using public blockchains for real-world asset tokenization.

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Strong Bitcoin ETF inflows boost BTC stability, says Bitfinex

The Bitcoin ecosystem recorded consistent high daily closes, massive BTC outflows from crypto exchanges and inflows into the spot Bitcoin ETF market.

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JPMorgans Onyx to industrialize blockchain PoCs from Project Guardian

Traditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardians blockchain proofs-of-concept into scalable financial products.

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JPMorgan reports holding shares of several spot Bitcoin ETFs

The largest bank in the U.S. with $2.6 trillion in assets reported to the SEC that it had purchased roughly $760,000 worth of shares of Bitcoin ETFs.

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Satoshis Growing Fortune, JPMorgan Says Halving Priced in, Peter Brandt Raises BTC Price Target, and More Week in Review

Bitcoin’s valuation surged past the $1 trillion mark, significantly increasing the net worth of its elusive creator, Satoshi Nakamoto, by nearly $9 billion in two months. JPMorgan Chase analysts have identified the Bitcoin halving event and an upcoming major Ethereum network upgrade as key drivers of cryptocurrency prices. Veteran trader Peter Brandt has revised his [...]

The post Satoshis Growing Fortune, JPMorgan Says Halving Priced in, Peter Brandt Raises BTC Price Target, and More Week in Review appeared first on Crypto Breaking News.

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First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles

According to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal Deposit Insurance Corporation (FDIC) if private sector banks do not intervene. The FDIC has reportedly approached several large commercial banks regarding purchasing First Republic after the bank’s stocks dropped more than 50% on Friday. FDIC [...]

The post First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles appeared first on Crypto Breaking News.

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Investors Flock to US Money Market Funds Amid Banking Crisis

Amid banking crisis fears, investors have poured $286 billion into US money market funds in March, with Goldman Sachs, JPMorgan Chase, and Fidelity among the biggest winners. These funds are offering high liquidity and low risk, making them popular during uncertain times. (Read More)

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Bitcoin price jumps in the wake of First Republic Bank price crash

The price of Bitcoin has bounced upwards as First Republic Bank deposit slump sparks fresh banking crisis fears in the United States.

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JPMorgan bank deploys JPM Coin for euro-denominated payments

The United States-based investment bank JPMorgan is expanding the implementation of one of its major blockchain projects, JPM Coin, into traditional banking. JPMorgan has deployed its blockchain-based payment system, JPM Coin, to introduce euro-denominated payments for corporate clients, Bloomberg reported on June 23. According to Basak Toprak, JPMorgan’s head of Coin Systems for Europe Middle [...]

The post JPMorgan bank deploys JPM Coin for euro-denominated payments appeared first on Crypto Breaking News.

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JPMorgan Boss Warns ‘Everyone Should Be Prepared’ for Interest Rates ‘Going Higher From Here’

JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists. Despite market expectations of a rate hike pause, Dimon cautioned that people “should be prepared for rates going higher from here.” The billionaire banker also discussed the potential for [...]

The post JPMorgan Boss Warns ‘Everyone Should Be Prepared’ for Interest Rates ‘Going Higher From Here’ appeared first on Crypto Breaking News.

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Gemini’s banking relationship with JPMorgan ‘remains intact’

In a brief and straightforward message, crypto exchange Gemini denied rumors, saying its banking relationship with JPMorgan remains intact.

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Deposit Coins May Be the Best Blockchain Option for Commercial Banking

JPMorgan Chase and Oliver Wyman produced a deposit token study for blockchain-based commercial banking. (Read More)

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Former JPMorgan, Barclays execs on why crypto jobs attractive even in bear market

Former traditional finance veterans are debuting a crypto career at the crypto ETF issuer 21Shares despite the bear market.

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JPMorgan Chase Says Bitcoin Currently UNDERVALUED By 28% - As they REPLACE Real Estate with Crypto on 'Preferred Assets' List...

JPMorgan is telling clients that getting in to Bitcoin at current prices could have major upside for them down the line. The bank believes bitcoin is undervalued by 28% and has set a price target of $38,000 for the coin, which is currently fluctuating at about $29,000.

"We thus replace real estate with digital assets as our preferred alternative asset class along with hedge funds" they wrote.

Last summer, JPMorgan began offering six crypto funds to its wealth management clients, allowing them to diversify their portfolios with bitcoin exposure.

Bitcoin sank below $26,000 for the first time since December 2020 earlier this month.

"We see upside for Bitcoin and crypto markets in general going forward" says strategist Nikolaos Panigirtzoglou.

But the pain isn't limited to crypto, as seen last week when the NASDAQ 's market lost more than Bitcoin. In both cases, inflation fears are being blamed.

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Author: Justin Derbek
New York News Desk
Breaking Crypto News

Get $40 Bitcoin for $20 NOW: Click here!

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JPMorgan Chase Says Bitcoin Currently UNDERVALUED By 28%...

JPMorgan is telling clients that getting in to Bitcoin at current prices could have major upside for them down the line. The bank believes bitcoin is undervalued by 28% and has set a price target of $38,000 for the coin, which is currently fluctuating at about $29,000.

"We thus replace real estate with digital assets as our preferred alternative asset class along with hedge funds" they wrote.

Last summer, JPMorgan began offering six crypto funds to its wealth management clients, allowing them to diversify their portfolios with bitcoin exposure.

Bitcoin sank below $26,000 for the first time since December 2020 earlier this month.

"We see upside for Bitcoin and crypto markets in general going forward" says strategist Nikolaos Panigirtzoglou.

But the pain isn't limited to crypto, as seen last week when the NASDAQ 's market lost more than Bitcoin. In both cases, inflation fears are being blamed.

------- 
Author: Justin Derbek
New York News Desk
Breaking Crypto News

Get $40 Bitcoin for $20 NOW: Click here!

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Jpmorgan Chase Adopts Blockchain for Collateral Settlement

Financial tycoon, JPMorgan Chase (JPM), announced to use of blockchain technology in the collateral settlement, planning to expand to other asset types such as equities and fixed income, according to Bloomberg. (Read More)

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JPMorgan Conducts Strategic Investment to Blockchain Firm TRM Labs, Expanding Crypto Business

Financial tycoon, JPMorgan Chase (JPM), said it is making a "strategic investment" in San Francisco-based blockchain intelligence platform TRM Labs, aiming at expanding the crypto business. (Read More)

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