Yield-bearing stablecoins as well as tokenized Treasuries have gained increased popularity and could see substantial growth in future. JPMorgan analysts predict that the total stablecoin market share of yield-bearing assets may expand from 6% to 50%. This growth is imminent unless new regulatory restrictions slow down their expansion. Yield-Bearing Stablecoins to Dominate Market Share Yield-bearing […]
JP Morgan
Crypto Gains Attention As US Banks Face $5 Billion Debt Loss
Cheeky Crypto highlighted a growing financial concern involving three of the largest banks in the U.S.: JP Morgan Chase, Wells Fargo, and Bank of America. Together, these institutions have hemorrhaged $5 billion as they seek to rid themselves of the non-performing assets that stem mainly from credit card defaults. This has led to more concerns […]
Bitcoin’s Soaring $72K: JP Morgan CEO’s Cigarette Comparison Sparks Controversy
Jamie Dimon, the CEO of JPMorgan Chase, has once again ignited a fiery debate in the financial world, this time drawing parallels between Bitcoin and cigarette smoking. Speaking at the Australian Financial Review business summit, Dimon reiterated his longstanding skepticism toward the cryptocurrency, associating it with a litany of illicit activities, including sex trafficking, fraud, […]
Crypto Investment: JP Morgan Study Reveals 78% of Institutional Traders Remain Uninterested
The head of crypto and financial markets at Northern Trust claims that institutional investors lost interest in cryptocurrency after 2022 and that they haven’t yet regained it, despite this year’s upswing. Earlier of last year around May 2023, At the Digital Assets Week conference in San Francisco, Justin Chapman told CNBC’s “Crypto World” that while […]
Bitcoin Debate: Coinbase CEO Praises JP Morgan Despite Disagreement
Coinbase CEO Brian Armstrong has admired JP Morgan CEO Jamie Dimon despite their contrasting opinions on Bitcoin and cryptocurrency. Armstrong revealed that he had met with Dimon and learned a lot from him despite their difference in Bitcoin. Armstrong’s statement came in response to a suggestion by Cathie Wood of ARK Invest, who proposed a […]
JPM Coin Surges: $1 Billion Daily Transactions Signal Success
JPM Coin, JPMorgan’s innovative payment system, is reshaping finance and technology. The global head of payments, Takis Georgakopoulos, recently disclosed that the token processes a daily volume of $1 billion for large companies. While a fraction of JPMorgan’s $10 trillion daily transactions, this underscores the token’s recent success and growing popularity. Launched in 2020, JPM […]
JPMorgan’s Analysis: 20% Fall in Bitcoin Hash Rate Expected Post-Halving
In a recent publication, JPMorgan has forecasted a 20% decline in Bitcoin’s (BTC) hash rate following its halving event scheduled for April 2024. The bank anticipates that approximately 80 exahashes per second (EH/s) will be removed from the Bitcoin network due to the retirement of outdated and less efficient mining equipment. According to the report, […]
Ethereum’s Alarming Centralization Surge After Merge: JPMorgan Report
Ethereum (ETH) has experienced a surge in staking activity following the implementation of the Merge and Shanghai upgrades, but this growth comes at a price. A recent research report by JPMorgan (JPM) highlights the trade-offs that Ethereum faces as it seeks to balance staking adoption with concerns over centralization and yield. The report underscores how […]
Crypto Universe Abuzz: JPMorgan’s Token Tsunami Looms
Financial giant JPMorgan is once again shaking up the financial industry, this time with its groundbreaking foray into the world of cryptocurrencies and blockchain technology. According to Bloomberg, the banking behemoth is on the cusp of unveiling a new blockchain-based solution aimed at revolutionizing cross-border transactions. However, there’s a catch: the system will remain on […]
CPI Data Sparks Anticipation In Crypto Market Amid Inflation Concerns
In suspense-filled anticipation of today’s unveiling of the Consumer Price Index (CPI) data, the world of Bitcoin and cryptocurrencies is perched on its collective seat. As traditional markets and central banks maintain a watchful eye on inflation metrics, the potential repercussions for the digital asset realm loom. The financial realm is bracing itself for the […]