A Possible Digital Currency Scam is Using JPMorgan's Branding
A possible cryptocurrency scam is using JPMorgan & Chase's branding - and the bank isn't happy about it. In a message posted to its Chinese-language website, JPMorgan disavowed any relationship with the so-called "JPMCoin" or "Morgan Dollars", a virtual currency currently being pitched via Chinese social media platforms. The bank said in the statement: "JPM Coin is not a product of JPMorgan Chase nor of any of its affiliates in China or elsewhere. JPMorgan Chase has not authorised any virtual currency (of this type or similar in any way). JPMorgan Chase has not authorized references to....
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Jamie Dimon, the CEO of JPMorgan Chase, says that he does not particularly like crypto but will defend your right to invest in it. However, he sees benefits in some aspects of digital currency. JPMorgan’s Jamie Dimon on Crypto, Digital Currency JPMorgan Chase CEO Jamie Dimon talked about cryptocurrency in an interview with KMTV 3 News Now in Omaha Friday ahead of the Berkshire Hathaway annual shareholders meeting this weekend. Commenting on cryptocurrency, including bitcoin, the JPMorgan boss said: I always say I don’t particularly like it. I defend your right to do it.....
Recently Apple approved two applications called Ocean and AlphaWallet that are structurally designed to steal Bitcoin from users. Although Apple has been removing a substantial number of suspicions apps on its app store, the consistent emergence of obvious scam applications are beginning to concern the Bitcoin community. IPhone and other Apple device users have had serious issues with scam Bitcoin applications on the Apple App store that are designed to extract and steal user funds. The company’s inability to filter scam-like apps is creating a poor ecosystem for Bitcoin users. Legitimate....
The Central Bank of Bahrain expects that its digital currency collaboration with JPMorgan and Bank ABC could extend to a CBDC. The government of Bahrain, the third-richest Arab country, is working with American investment bank JPMorgan Chase on a digital currency settlement pilot.The Central Bank of Bahrain officially announced Tuesday that the bank is now collaborating with JPMorgan and the Arab Banking Corporation BSC, or Bank ABC, in a pilot scheme to introduce an instant cross-border payment solution based on digital currency technology.Aiming to cut settlement processing time, the new....
JPMorgan’s chairman of investment strategy, Michael Cembalest, is wary of bitcoin and other cryptocurrencies. The JPMorgan strategist stated in a column published Feb. 3 that his comments were his own and not those of JPMorgan Chase. JPMorgan Strategist Raises Issues With Crypto Market While much of the United States recovers from last week’s terrible winter […]
A bitcoin scam in Spain has managed to convince 22,000 investors to fork over a total of 50 million EUR to the unete, a digital currency that can allow people to buy or sell things online. This bitcoin scam was started by José Manuel Ramírez Marco in 2013 and, just like virtual currencies, it was unregulated by financial authorities or the Spanish government. However, many investors soon discovered that the unetes can't really be converted to any other fiat currency nor can it be used to make online purchases. A network of tax havens and complex bank accounts were given as the reason, but....