• JP Morgan Chase & Co. CEO Jamie Dimon showing how he'd wring the neck of any one caught trading bitcoin on one of his trading desks. (via Wikipedia).
    Bitcoin,  Ethereum,  Media

    Coinbase drips talent, crypto’s true believers, and Jamie Dimon goes off on Bitcoin (again)

    These are the crypto stories you should be following today

    November 1, 2018 /

    Coinbase’s Head of Trading Resigns After Six Months on Job (CoinDesk) Hunter Merghart was hired by Coinbase’s general manager, Adam White, to run trading for them back in May. However, White jumped ship to become COO of Bakt in early October. Now Merghart has bailed from Coinbase as well. The company’s VP of corporate and business development, Emilie Choi, said Coinbase’s recent $300 million raise was for “a rainy day”. What if it’s just cloudy with a slight drizzle?   Nasdaq Wants Crypto Market to Stamp Out Fraud—With Its Help (Bloomberg) Crypto markets are more manipulated than Kanye West. So what can be done about it? Nasdaq wants to use…

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  • JP Morgan Chase & Co. CEO Jamie Dimon showing how he'd wring the neck of any one caught trading bitcoin on one of his trading desks. (via Wikipedia).
    Alt coins,  Bitcoin,  Canada,  Cryptocurrencies,  Ethereum,  Media

    Must-reads for September 13, 2018: Diamonds, Dimon, schmucks, and a trillion dollars worth of stories

    Here are the crypto stories you should be watching today

    September 13, 2018 /

    Morgan Stanley Plans to Offer Bitcoin Swap Trading for Clients (Bloomberg) Morgan Stanley is joining the ranks of institutions by offering swaps to its clients, according to a report by Bloomberg’s Alastair Marsh. A source at the bank told Marsh that a swap product would launch once there’s enough institutional demand and after it gets through internal approvals. For the unfamiliar, a swap would essentially “swap” exposures of one asset with another. Let’s say fund has $1 billion in the S&P 500. They would then enter into an agreement with someone who has $1 billion in Bitcoin to trade returns. Thus if after the first three months the S&P 500…

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    We scour the news so you don't have to (via Pixabay)
    Bitcoin,  Media,  Ripple

    Must-reads for August 6, 2018

    Here are the crypto stories you should be watching today

    August 6, 2018 /

    Wells Fargo says hundreds of customers lost homes after computer glitch (CNN) One of the nation’s biggest mortgage lenders is under fire yet again. This time, it acknowledged that 625 people were kicked out of their home because Wells Fargo’s computers allegedly had a “glitch” (Ah, yes, the “dog ate my homework” excuse). Not indirectly related to blockchain, but crypto enthusiasts are collectively tut-tutting and saying “See? I told you so. This never would’ve happened with blockchain tech.”   Goldman Sachs Is Considering a Custody Offering for Crypto Funds (Bloomberg) Funds looking for a bank to hold their crypto may one day have Goldman Sachs as a custodian, according to…

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  • JP Morgan Chase & Co. CEO Jamie Dimon showing how he'd wring the neck of any one caught trading bitcoin on one of his trading desks. (via Wikipedia).
    Bitcoin,  Cryptocurrencies,  Innovators,  Politics,  United States

    Government will control cryptos, says CEO of bank bailed out by government

    Did JP Morgan Chase & Co. CEO Jamie Dimon really have a change of heart when it comes to bitcoin?

    January 10, 2018 /

    Just four months ago, Dimon called bitcoin a “fraud” and threatened to fire any of his traders caught trading the cryptocurrency on the company’s dime. “Someone is going to get killed,” he warned. Dimon even went so far to mock his own child, saying at CNBC’s Delivering Alpha conference, “My daughter bought bitcoin, it went up and now she thinks she’s a genius.” Since then, bitcoin has more than quadrupled, a return so lucrative that most traders would gladly go short their souls and take a punch in the jaw from their CEO as he escorted them out the door if they could get a glimpse of it. Thus, Jamie…

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