7 / 8 Relevant items tagged with #JPMorgan

Posts

JPMorgan Warns Dollar Dominance Faces Risks From Political Instability, US-China Tensions

[Jul 20, 2023 7:30 PM] JPMorgan has warned of the risks to the U.S. dollar’s dominance from escalating U.S.-China tensions and political instability. The global investment bank’s strategists anticipate “partial de-dollarization,” in which the…

Stock-to-Flow Analyst Plan B Predicts Bitcoin’s Price to Reach $40K-$50K at Halving

[Jul 18, 2023 9:30 AM] In about nine months, expected near April 24, 2024, Bitcoin is set to experience its fourth block reward halving. Many supporters and market observers anticipate a price increase prior to the event. According to an anonymous market analyst known as…

Ripple’s XRP Ruling a ‘Milestone Win’ for Crypto Industry, Says J.P. Morgan

[Jul 14, 2023 12:13 PM] A summary judgment partially in favor of payments network Ripple represents a milestone win for the crypto industry and provides legal clarity as to what does and doesn’t represent a security, J.P. Morgan wrote in a research note Friday.

JPMorgan Analysts Say Spot Bitcoin ETF Approval Is ‘Unlikely to Be a Game Changer for Crypto Markets’

[Jul 8, 2023 2:00 PM] In a report published on Thursday, JPMorgan analysts suggest that the approval of a spot bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) is “unlikely to be a game changer for crypto markets.”…

JPMorgan Outlines 4 Global Outlook Scenarios — Warns of ‘Boil the Frog’ Recession as Global Downturn Looms

[Jun 26, 2023 5:30 PM] Global investment bank JPMorgan has presented four probable global outlook scenarios, with “boil the frog” recession emerging as the most likely outcome. The bank’s economists warned: “Broad-based developed-market tightening points to a…

JPMorgan Expands Its Blockchain-Based Token to Euro Payments: Bloomberg

[Jun 23, 2023 5:12 AM] Since its inception in 2019, over $300 billion in transactions have been processed using JPM Coin.

JPMorgan Managing Director Nikolaos Panigirtzoglou: Hinman Docs Are a ‘Boost to Ethereum’

[Jun 23, 2023 2:00 AM] Nikolaos Panigirtzoglou, a managing director at JPMorgan, believes the release of the Hinman docs in the Ripple vs. SEC case will influence crypto regulation. Panigirtzoglou stated this document release is likely to start a race for other…

Fed rate pause triggers traders’ pivot to stocks — Will Bitcoin catch up?

[Jun 19, 2023 12:23 PM] U.S. stock markets hit year-to-date highs, the Fed paused rate hikes, and Binance.US and the SEC reached an agreement, but data shows Bitcoin bulls remain somewhat skittish.

JPMorgan Expects Dollar Dominance to Persist Even if China Overtakes US as World’s Largest Economy

[Jun 18, 2023 6:30 PM] JPMorgan’s strategists have explained that even if China overtakes the U.S. as the world’s largest economy around 2030, the U.S. dollar may remain the world’s dominant currency for the rest of the 21st century. The global…

‘De-Dollarization Emerging’ but Greenback Will Retain Its Dominance — JP Morgan Strategists

[Jun 8, 2023 1:30 AM] Two JP Morgan strategists have said the U.S. dollar will retain its dominant position even as it is being challenged by alternative currencies such as the Chinese yuan. According to a report, the yuan currently accounts for just 7% of global…

JPMorgan CEO Jamie Dimon Urges Against Challenging US Dollar’s Reserve Currency Status

[Jun 7, 2023 5:30 PM] JPMorgan Chase CEO Jamie Dimon has urged against challenging the U.S. dollar’s reserve currency status amid the ongoing de-dollarization trend globally. “The United States is the fundamental foundation of the global economy. The U.S. dollar is the…

Ethereum Validator Activation Queue Grows: 90,000+ Validators Waiting in Line

[Jun 5, 2023 5:30 AM] Ethereum faces congestion for validators to enter and begin staking in the protocol. According to data from Wenmerge, an information dashboard, more than 90,000 validators are waiting to provide protocol validation services on Ethereum. This means…

JPMorgan, 6 Indian Banks to Settle Dollar Trades on Onyx Blockchain System: Bloomberg

[Jun 5, 2023 3:35 AM] The aim of the project is to settle dollar trades in real time around the clock as opposed to over a matter of days and only during the working week.

JPMorgan Predicts Bitcoin (BTC) To Revisit $45,000, Here’s Why

[May 26, 2023 10:20 AM] In a recent note, JPMorgan strategists have made a prediction, suggesting that Bitcoin (BTC) could soar and revisit its former trading price of $45,000 due to the rising price of gold. This prediction comes amid Bitcoin’s price action of a…

JPMorgan Boss Warns ‘Everyone Should Be Prepared’ for Interest Rates ‘Going Higher From Here’

[May 23, 2023 8:30 AM] JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists. Despite market expectations of a rate hike pause, Dimon cautioned that people…

South African Currency Plunges to New Low Versus the Dollar a Day After the US Accused Country of Secretly Supplying Ammunition to Russia

[May 13, 2023 10:00 PM] The South African currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of ZAR19.51:US$1 on May 12. The rand’s latest fall came a day after the U.S. ambassador to South Africa accused the country of secretly…

JPMorgan CEO Jamie Dimon in Favor of Abolishing Debt Limit; States Getting Close to Default Can Cause Panic

[May 11, 2023 1:30 AM] Jamie Dimon, CEO of JPMorgan, stated that he favored abolishing the debt limit, giving the government the faculties to extend its debt without congressional action. Dimon also stated that even the drama surrounding the build-up to extending or not…

2nd biggest US bank failure — 5 things to know in Bitcoin this week

[May 1, 2023 3:15 AM] The failure of First Republic Bank marks a volatile beginning to a busy macroeconomic week, while Bitcoin already faces downside pressure.

AI tool created by JPMorgan analyzes Fed speeches to signal trades

[Apr 27, 2023 10:25 PM] The investment bank uses OpenAI's ChatGPT to sniff out trading signals from Federal Reserve policy statements.

‘Tokenization Is the Killer App for TradFi’: JPMorgan

[Apr 27, 2023 6:37 AM] The head of the bank's Onyx Digital Assets platform, Tyrone Lobban said there is added caution post-FTX, but JPMorgan’s strategy hasn’t at all changed.

Warren Buffett was wrong about a ‘rat poison’ Bitcoin portfolio, data shows

[Apr 21, 2023 9:54 AM] Warren Buffett is not a big fan of Bitcoin, and this position has cost his investment portfolio at least a 320,000% potential gain.

The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy

[Apr 16, 2023 11:30 AM] Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank — one of the most powerful banks of its time. It established its business and became one of the most respected banks in Europe during its…

C6 Bank’s Climate Tool to Track CO2 Emissions From Customer Transactions Prompts Debate on Future of Banking

[Apr 14, 2023 1:30 PM] On April 13, a C6 Bank customer in Brazil shared screenshots of his online bank account, revealing that the financial institution was tracking CO2 emissions from his purchases and urging him to compensate monetarily. C6 Bank states that the new…

Here Is What Institutions Are Saying About Ethereum's Shanghai Upgrade

[Apr 12, 2023 3:58 AM] Analysts differ on the amount of ether (ETH) selling pressure that could result from the Ethereum blockchain’s Shanghai upgrade, scheduled for later today. The Shanghai upgrade (aka Shapella), will enable validators to withdraw staked ether and…

U.S. Banking Crisis May Be Vindication for Crypto Ecosystem: JPMorgan

[Apr 12, 2023 3:04 AM] Bitcoin rallied in tandem with gold as they are both viewed as hedges to a catastrophic scenario, the report said.

Bitcoin holds $30K, but some pro traders are skeptical about BTC price continuation

[Apr 11, 2023 12:30 PM] BTC traders are cautiously optimistic due to Bitcoin traditional assets, but there are still some macro headwinds to be aware of.

JPMorgan CEO Jamie Dimon Says Banking Crisis Not Over — Warns of ‘Repercussions for Years to Come’

[Apr 10, 2023 5:30 PM] JPMorgan Chase CEO Jamie Dimon says the U.S. banking crisis is not over and “there will be repercussions from it for years to come.” The executive added that recent bank failures “have significantly changed the market’s…

First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower

[Mar 20, 2023 11:30 AM] After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that…

US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse

[Mar 17, 2023 8:00 AM] After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen…

Bank Board Member and Dodd-Frank Co-Sponsor Barney Frank Suspects ‘Anti-Crypto’ Message Behind Signature Bank Failure

[Mar 13, 2023 4:30 PM] Barney Frank, a former member of the U.S. House of Representatives from Massachusetts and leading co-sponsor of the 2010 Dodd-Frank Act, discussed his opinion on the recent failure of Signature Bank. In an interview, Frank stated that he believes…