Watch out Wall Street, Blockchain is Coming: Fmr. JPMorgan Exec. Blythe Masters

blythe masters JPMorgan digital asset blockchainBlockchain innovator and former JPMorgan head of commodities Blythe Masters spoke at the London Metal Exchange annual dinner during the LME Week to say that blockchain is coming to commodity markets to introduce heightened confidentiality, reduce paper waste, and improve provenance and productivity. Masters — who became managing director at JPMorgan at the age of 28

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Crypto Startups Move to Hong Kong Skyscrapers While Major Banks Check Out

The real estate market of Hong Kong is said to be one of the most expensive in the world, alongside New York, London, and Sydney. Yet, crypto startups are moving into the most valuable skyscrapers in the city. On August 22, CCN reported that BitMEX, a popular cryptocurrency exchange that facilitates Bitcoin and Ethereum margin

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JPMorgan’s Ethereum-Based Blockchain Payments Trial Adds 75 Banks

A blockchain payments trial jointly launched by a trio of banks led by JPMorgan has roped in 75 new banks globally for seamless and faster interbank settlements. First deployed by JPMorgan in October 2017, the Interbank Information Network began as a blockchain experiment to minimize the participants and friction typically involved in a global payments

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Citigroup is the Latest Bank to Offer Crypto Custody: Here’s How it Will Affect the Market

According to Business Insider’s Frank Chaparro, sources close to Citibank revealed that the $175 billion New York-based bank will offer crypto custody solutions to institutional investors. Through the launch of a product called Digital Asset Receipt (DAR), Citigroup will enable institutional investors to invest in cryptocurrencies in a fully insured and regulated manner. Similar to

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Jamie Dimon Still a Member of the ‘Blockchain Not Bitcoin’ Brigade

Earlier this year, Elizabeth Stark, CEO of cryptocurrency development startup Lightning Labs, famously said that the industry had begun to enter a “bitcoin not blockchain” era as mainstream firms came to recognize the value of cryptocurrency technology. Not everyone, however, is ready to hop off the “blockchain not bitcoin” train. Speaking with the Harvard Business

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JPMorgan Wants to Use Blockchain to Issue ICO Tokens

American investment banking giant JPMorgan Chase is pursuing a patent for a distributed system that uses blockchain technology to issue virtual depository receipts that sound suspiciously like initial coin offering (ICO) tokens. JPMorgan Wants to Host IPOs on a Blockchain The patent application, filed by JPMorgan in January and published by the U.S. Patent &

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JPMorgan Fined $65 Million for Manipulating US Dollar Benchmark

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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From JPMorgan to Blockchain Startup: Amber Baldet Unveils Her Latest Project

Former JPMorgan blockchain lead Amber Baldet unveiled her new startup project, Clovyr, at the Consensus conference in New York on Monday. Baldet left her position at JPMorgan in April to work on Clovyr. She led JPMorgan Blockchain Center of Excellence and helped the firm succeed with open-source initiatives, such as Quorum. In a strange juxtaposition,

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Don’t Tell Jamie! JPMorgan May Help Its Clients Invest in Cryptocurrency

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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Bears Beware! Bitcoin Price Will Reach Record Highs This Year: Fmr. JPMorgan Trader

The bitcoin price entered another bearish trend this week after failing to pierce $10,000 earlier in the month. The flagship cryptocurrency now sits more than 58 percent below the all-time high it set in December, but one former JPMorgan trader remains confident that it will trade above $20,000 before the year is out. Danny Masters,

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