JPMorgan | ForkLog

ForkLog 15 05.01.2021

JPMorgan forecasts Bitcoin at $146,000

JPMorgan has named a theoretical long-term target for Bitcoin's price — $146,000. Analysts say that the image of Bitcoin as an alternative to gold will make the first cryptocurrency even more popular.

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ForkLog 6 21.12.2020

JPMorgan: Slowing Grayscale inflows would be a negative signal for Bitcoin’s price

The probability of a material decline in Bitcoin's price would rise if inflows to the Grayscale Bitcoin Trust (GBTC), managed by Grayscale Investments, fell notably. This is the view of JPMorgan's chief strategist Nikolaos Panigirtzoglou, Bloomberg reports.

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ForkLog 9 11.12.2020

JPMorgan Conducted Test Intraday Repo Using JPM Coin on Upcoming Blockchain App

JPMorgan Chase conducted an intraday repo trade on an upcoming blockchain application. The calculations used the bank's developing stablecoin JPM Coin, according to a press release.

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ForkLog 6 30.11.2020

JPMorgan sees new wave of Bitcoin selling by algotraders

Quantitative crypto funds played a major role in the sharp drop in Bitcoin on November 25-26 and may return to this practice in the near future. This view was expressed by JPMorgan's chief strategist Nikolaos Panigirtzoglou, Bloomberg reports.

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ForkLog 7 09.11.2020

JPMorgan: Institutions increasingly view Bitcoin as an alternative to gold

The Grayscale Bitcoin Trust is outpacing gold-backed ETFs in capital inflows thanks to rising demand from institutional investors, according to JPMorgan analysts.

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ForkLog 7 27.10.2020

JPMorgan revives JPM Coin stablecoin project

An unnamed technology company has begun using JPMorgan's JPM Coin stablecoin to send payments worldwide around the clock. This prompted the bank to create the Onyx division, which will focus on blockchain and digital-currency projects, CNBC reports.

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ForkLog 9 24.10.2020

JPMorgan: Bitcoin has potential for long-term growth

Bitcoin outperforms gold as an alternative currency and has significantly greater prospects for further gains, according to Business Insider citing a new JPMorgan report.

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ForkLog 28 27.08.2020

Opinion: JPMorgan exits Quorum over scalability constraints

JPMorgan Chase, the financial holding, decided to sell ConsenSys' blockchain platform Quorum due to fundamental shortcomings of Ethereum. This view was voiced by Will Martino, the former lead engineer of the bank's early project named Juno.

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ForkLog 23 25.08.2020

ConsenSys acquires JPMorgan’s Quorum blockchain platform

The Ethereum-focused company ConsenSys has acquired the Quorum blockchain platform from JPMorgan Chase, the largest US financial holding by assets.

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ForkLog 8 13.08.2020

JPMorgan to lead $50 million funding round for ConsenSys

The leading US financial holding JPMorgan will head the new funding round for ConsenSys, the Ethereum company. The deal could close by the end of August and would be worth $50 million, The Block reports, citing sources familiar with the matter.

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ForkLog 12 05.08.2020

JPMorgan: Millennials Pick Bitcoin

During the COVID-19 pandemic, investors are seeking alternative assets. The older generation largely prefers gold, while millennials prefer Bitcoin. JPMorgan Chase analysts reached that conclusion, according to Bloomberg.

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ForkLog 185 14.02.2019

JPMorgan Launches Its Own Cryptocurrency for Instant Settlement of Payments

In a surprising move, banking giant JPMorgan has announced the release of its cryptocurrency JPM Coin, claimed to be the first to be issued by a bank. The token will be used mainly to settle payments using the money, securities, and other assets by between the company’s payment business clients.

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