• JPMorgan Jamie Dimon unimpressed Bitcoin
    JPMorgan Chase CEO Jamie Dimon is not about to join other big investors on the Bitcoin Train (Photo: World Economic Forum)
    Bitcoin,  Opinion,  Regulation

    Still a skeptic: JPMorgan Chase boss Jamie Dimon says ‘Bitcoin is not my cup of tea’

    The CEO also predicts there’s trouble brewing for the cryptocurrency if its market cap gets any bigger, warning the U.S. ‘can regulate whatever they want’

    November 18, 2020 /

    Bitcoin’s tantalizing rise to $18,000—a 13% increase in the space of a week—still isn’t enough to impress JPMorgan Chase chief executive Jamie Dimon. However, that isn’t to say that Dimon is skeptical about digital assets or the power of blockchain technology.

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  • JPM Coin goes live
    JPMorgan's Stablecoins is being used for cross-border payments
    Cryptocurrencies,  Technology

    JPMorgan’s digital currency goes live

    The first bank-created cryptocurrency, the JPM Coin, will be used for cross-border payments by a global IT firm starting this week

    October 27, 2020 /

    The bank has also created a new division for its digital currency and blockchain business called Onyx. The move marks the bank’s belief that the technologies are ready to be commercialized

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  • ConsenSys acquiring JPMorgan Quorum
    JPMorgan is turning Quorum over to Joe Lubin's ConsenSys (Photo: Wikimedia Commons
    Technology

    ConsenSys acquiring JPMorgan’s Quorum enterprise blockchain solution

    The deal is a big win for Joe Lubin’s Ethereum venture studio, and will allow the bank to pull back from supporting an open blockchain with a growing number of users

    August 26, 2020 /

    Ethereum-focused enterprise blockchain development firm ConsenSys announced that it will acquire JPMorgan’s Quorum distributed ledger solution. It is part of a strategic investment in the firm by JPMorgan.

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  • JPMorgan Chase banks Coinbase Gemini
    Jamie Dimon may consider Bitcoin a "fraud" but that didn't stop JPMorgan Chase from becoming the first major bank to take U.S. crypto exchanges as clients (Photo: WEF/Wikimedia Commons).
    Cryptocurrencies,  People,  Regulation

    Major bank haul: Coinbase, Gemini break into JPMorgan Chase

    By taking on the regulator-friendly Coinbase and Gemini as clients, JPMorgan Chase has become the first large bank to knowingly agree to do business with cryptocurrency exchanges in years.

    May 13, 2020 /

    Two major U.S. cryptocurrency exchanges known for aggressively seeking regulatory approval, Coinbase and Gemini, have been accepted as JPMorgan Chase customers, breaking through an important glass ceiling in the financial industry.

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