Poor Wells Fargo (NYSE:WFC). The third largest bank in the United States cannot seem to win for losing. On one day, it announces a major internal cryptocurrency and blockchain technology project, much in the same vein as did JPMorgan Chase months back, but on the next day, the crypto community, not short on memory, quickly…
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Despite Crypto Winter and the icy cynicism of Crypto-Land’s worst critics, all indications are that institutional investors have not been discouraged enough by opposing rhetoric to abandon the space altogether. Quite the contrary is true, as several key indications of participation continue to expand, as if focused on a convergence sometime in the near-term future.…
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The U.S. Congress holds hearings from time to time, but the controlling party in either the House of Representatives or the Senate determines the agenda and the attendees. The Democrats control the House now, and the Republicans remain in control of the Senate. In their new role, Democrats called a hearing of the nations’ largest…
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With all of the press hoopla surrounding JPMorgan and Jamie Dimon’s support of a “JPMCoin” project, analysts that follow the banking sector have been wondering where was the major competitor of JPMorgan, i.e., Citibank, positioning itself in the world of crypto innovation of the banking sector. Citibank has a reputation of being an innovator and…
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Amazingly enough, Bitcoin, known for its price volatility, has been ranging about the $3,800 price point within tight boundaries for all of 2019. Yes, it has dipped a bit and made a run over $4,200, but for this crypto heavyweight, settling into a tight trading range is, for want of a better word, peculiar. As…
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When it comes to JP Morgan (NYSE:JPM) and all things crypto, Jamie Dimon, its outspoken chairman and CEO, just cannot keep his mouth shut. Jamie Dimon and his bank were recently the center of attention when it became the first bank to issue cryptocurrency, but praise soon turned to criticism when it became known that…
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If you were even the least bit interested in all-things-crypto, and for that matter, in all-things-banking, then last week’s financial press mayhem following JPMorgan’s crypto announcement came off as a circus sideshow. Distractions abounded under the Big Tent. The stands were filled with crowding masses and unruly press patrons shouting praise and abuse, while hawkers…
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After Jamie Dimon, the CEO of JPMorgan, slammed bitcoin as a "fraud", JPMorgan is now reportedly heading to bitcoin futures, once CME launches the product in early December, 2017, according to CNBC. A report from Wall Street Journal reads: "J.P. Morgan is considering whether to provide its clients access to CME's new bitcoin product through…
Read moreJPMorgan Chase & Co. (NYSE:JPM)’s CEO Jamie Dimon is giving his employees a big raise. And don’t think that he’s doing this for his investment bankers… not at all. The bank company JPMorgan is raising its minimum pay for some overtime-eligible US employees from $10.15 to between $12 and $16.50 an hour. In an opinion…
Read moreJPMorgan's CEO Jamie Dimon trash talks the digital currency citing rather old media stories It almost seems as if the days when we saw gargantuan moves in Bitcoin prices are long gone now. The market has settled down after the Chinese Bitcoin downfall in December and it has also recovered rather steadily from that too.…
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