JP Morgan CEO: We Can Learn From Technologies Like Bitcoin
Jamie Dimon, chairman and president of JP Morgan Chase, says his bank can learn from disruptive payment systems like bitcoin. Dimon, famously dismissive of the digital currency, made the comments in his annual letter to JP Morgan shareholders, noting: "You all have read about bitcoin, merchants building their own networks, PayPal and PayPal look-alikes. Payments are a critical business for us - and we are quite good at it. But there is much for us to learn in terms of real-time systems, better encryption techniques and a reduction of costs and 'pain points' for customers." The letter,....
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Following the federal judge’s decision to give the accused Bitfinex money launderer Heather Morgan permission to “engage in legitimate employment,” Morgan has broken her silence on social media. Morgan’s Twitter account dubbed “Heather ‘Razzlekhan’ Morgan” is verified on Twitter and her latest tweet insists that she does not endorse any crypto or NFT project bearing her name.
Heather Morgan Insists: ‘I Am Not Involved in Any Crypto Project’
On Tuesday, one of the accused Bitfinex bitcoin launderers, Heather....
Morgan Stanley, a Wall Street investment bank, has gotten exposure to Bitcoin (BTC) through Grayscale, indicating that institutional adoption of digital assets is growing. Morgan Stanley Owns 28k Shares According to a June 28 filing with the US Securities and Exchange Commission, the Morgan Stanley Europe Opportunity Fund, which invests in established and growing firms […]
JP Morgan's two key developers who were working on the bank’s private blockchain project Juno have started their own blockchain project. Will Martino and Stuart Popejoy have branched off to start Kadena.io as of June 2016. Will Martino was a lead engineer on the Haskell Desk at JP Morgan’s Emerging Technologies Group while Stuart Popejoy built the advanced technology team for JP Morgan's Emerging Technologies Group which focussed on solutions for banking. Kadena the blockchain is powered by ScalableBFT, the first consensus-BFT capable of scaling into thousands of nodes. The move by Will....
An analyst at the New York-based financial services and investment management company Morgan Stanley detailed on Monday that crypto liquidity seems to be recovering. Morgan Stanley’s Sheena Shah highlighted in a note to investors that the stablecoin market capitalization is seeing fewer redemptions for the first time since April. Morgan Stanley Investors’ Note Says Crypto Winter Could Be Thawing, but Re-Leverage Demand Is Still Non-Existent The crypto winter may be starting to warm as institutional investors have halted the redemption of the crypto economy’s top two....
The hunger for Bitcoin exposure is on the rise, despite the recent bearish price action. At least, that’s what some J.P. Morgan clients have told the banking giant, according to Mary Callahan Erdoes. CEO for J.P. Morgan Asset & Wealth Management, Erdoes believes that blockchain technology is more relevant than Bitcoin. The former, said the […]