The Commodity Futures Trading Commission (CFTC) on Monday slapped JPMorgan Chase Bank with a $65 million fine for attempting to manipulate the value of a US Dollar benchmark index. JPMorgan Busted for Trying to Manipulated USD Benchmark According to the CFTC, JPMorgan traders repeatedly attempted to manipulate the US Dollar International Swaps and Derivatives Association
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Genesis Mining‘s bitcoin advocacy campaign has posted billboards outside of Warren Buffet’s office to remind him that he was wrong about Google and Amazon and warn him he may be wrong about bitcoin, too. The billboards went up shortly after Buffet dissed bitcoin during a Berkshire Hathaway annual shareholders’ meeting. Some new billboards outside of
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JPMorgan, the largest bank in the US with a $384 billion market valuation, has tasked Fintech and In-Residence programme head Oliver Harris to create various strategies the corporation could utilize to help its clients to invest in the cryptocurrency market. Motivation In 2017, JPMorgan CEO Jamie Dimon, who is often described as one of the
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Investment guru Warren Buffet remains unsold on bitcoin and crptocurrencies. He doesn’t even consider buying bitcoin as investing and compares it to gambling. Interviewed during Berkshire Hathaway’s annual shareholder meeting, Buffet explained his ongoing skepticism about bitcoin in an interview with Yahoo Finance. “There’s two kinds of items that people buy and think they’re investing,”
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Bitcoin’s growth – not government regulation – could kill bitcoin, according to one financial industry observer. David Yermack, chairman of the New York University (NYU) Stern School of Business finance department, told Fortune Magazine that bitcoin’s growth has jammed its payment system to the extent that some transactions take hours to process. He said tens […]
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Noted Bitcoin skeptic Jamie Dimon was asked about Bitcoin during a recent televised interview. He doesn’t see the cryptocurrency going anywhere, although he does state blockchain technology “is real.” JP Morgan CEO Jamie Dimon appeared in a CNBC interview at the World Economic Forum in Davos, where the interviewer brought up the subject of electronic […]
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An internal JPMorgan memo reveals that the lender plans to invest $9 billion in technology like robotics and the blockchain, according to Business Insider, which claims to have seen the memo. Daniel Pinto, the head of JPMorgan’s corporate and investment bank, sent the memo, which claims a major priority is to pursue innovative technologies in […]
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