JPMorgan | ForkLog

ForkLog 11 02.02.2024

JPMorgan Highlights Risks to Industry from Tether’s Dominance

The increasing dominance of Tether poses a negative factor for the stablecoin market and the broader crypto ecosystem, according to analysts at JPMorgan, reports The Block. Data: JPMorgan. “Tether is at risk due to a lack of regulatory compliance and transparency,” the report states. Experts noted the US Congress’s consideration of the Stablecoin Transparency Act […]

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ForkLog 5 26.01.2024

JPMorgan Foresees Bitcoin Stabilization as GBTC Sales Dwindle

The downward trend of Bitcoin appears limited as profit-taking in GBTC has largely concluded, according to JPMorgan analysts, reports The Block. This assessment is based on the $4.3 billion outflow from the product since its conversion from a trust to an ETF, surpassing the bank’s forecast of $3 billion. Inflows and outflows dynamics in spot […]

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ForkLog 10 19.01.2024

Crypto Community Responds to Jamie Dimon’s Bitcoin Criticism

ARK Invest founder Cathie Wood and Ripple CEO Brad Garlinghouse have responded to recent critical remarks about Bitcoin made by JPMorgan’s Jamie Dimon. In an interview with CNBC, Dimon described the leading cryptocurrency as a useless asset lacking intrinsic value. Today, JPM’s Jamie Dimon called blockchain technology small, and added that bitcoin, a derivative of […]

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ForkLog 11 18.01.2024

JPMorgan Chief Vows Silence on Bitcoin

JPMorgan CEO Jamie Dimon has once again criticized digital assets, dismissing the first cryptocurrency as useless. “There are cryptocurrencies that do something, that might have value. And then there’s one that does nothing, I call it pet rock. The #Bitcoin, or something like that,” says @JPMorgan CEO Jamie Dimon. “It has some use cases. Everything […]

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ForkLog 5 15.01.2024

JPMorgan Predicts Shift from GBTC to Other Bitcoin ETFs

Registered spot Bitcoin ETFs could attract up to $36 billion from other crypto products like the Grayscale Bitcoin Trust (GBTC), according to a forecast by JPMorgan, reports CoinDesk. Analysts did not provide an estimate for “fresh” inflows into these instruments. They described the market’s reaction to the decision by the SEC to approve the products […]

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ForkLog 8 14.12.2023

JPMorgan analysts forecast Ethereum to surpass Bitcoin in 2024

JPMorgan analysts say that in 2024 Ethereum is likely to outpace Bitcoin and other cryptocurrencies due to upcoming blockchain scalability upgrades.

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ForkLog 7 07.12.2023

JPMorgan CEO calls on US authorities to shut down cryptocurrencies

Jamie Dimon, chief executive of JPMorgan Chase, told U.S. lawmakers that serious restrictions on digital assets are needed.

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ForkLog 5 01.12.2023

JPMorgan Identifies Early Signs of Revival in DeFi and NFT

Activity in DeFi and NFT sectors shows 'preliminary' signs of recovery, as the prospect for approval of the spot Bitcoin-ETF improved sentiment in the crypto markets.

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ForkLog 5 23.11.2023

JPMorgan: Binance settlement is a positive development for the crypto industry

JPMorgan: agreements between Binance and U.S. authorities are positive, as they neutralise systemic risk to the industry from a hypothetical platform collapse.

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ForkLog 11 16.11.2023

JPMorgan tests tokenized portfolios on Avalanche

JPMorgan's subsidiary (Onyx Digital Assets), WisdomTree and Apollo, as well as a number of industry players, including Ava Labs, tested portfolio management using Provenance appchains and Avalanche, The Block reports.

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ForkLog 8 09.11.2023

JPMorgan analysts call crypto rally ‘overdone’

The rally in the crypto market looks overextended and could reverse sharply after the anticipated approval of the bitcoin ETF. JPMorgan analysts concluded this.

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ForkLog 7 26.10.2023

JPMorgan: SEC Could Face Lawsuits If Bitcoin ETF Is Rejected

If the SEC refuses to approve spot ETFs based on Bitcoin, JPMorgan analysts say it could trigger a flurry of lawsuits.

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