Blockchain-based solutions are transforming how institutions and organizations from different fields conduct their businesses. From September 2021 to June 2022, the blockchain sector has received over $6 billion from approximately 40 top-tier companies like BlackRock, Alphabet, Morgan Stanley and Goldman Sach. This clearly outlines the faith of enterprises and institutions in blockchain technology and Web3 […]
2021 was one of the most prolific years for crypto as many companies, countries, and markets became closer to accepting Bitcoin as a payment tool. The development of cryptocurrencies as a means of payment is still rapidly growing.
A bold move can shape the future of a financial institution, and it looks like that is what JP Morgan just did with its move into the Metaverse. Financial institutions may be wary of cryptocurrencies but with non-fungible tokens, it’s a different game. On February 15 2022, the largest bank in the US , also [...]
Bahrain’s Central Bank has reported the completion of a test of JPMorgan Chase’s JPM Coin system. The bank’s objective to “enhance client experience for safe and efficient settlement solutions” utilizing the JPM Coin System was successfully tested, according to the announcement, which was published on Thursday. Dedicated to an upgrade Banks used the JPM Coin […]
The news is flying a bit under the radar. But from China to Bahrain to Jamaica, central banks are beginning 2022 having made major moves recently in support of digital assets. We covered China’s CBDC announcement earlier this week. In short, the People’s Bank of China, the country’s central bank, made its digital yuan wallet Read more...
The hunger for Bitcoin exposure is on the rise, despite the recent bearish price action. At least, that’s what some J.P. Morgan clients have told the banking giant, according to Mary Callahan Erdoes. CEO for J.P. Morgan Asset & Wealth Management, Erdoes believes that blockchain technology is more relevant than Bitcoin. The former, said the […]
US mega-bank JP Morgan has warned that the tiny nation of El Salvador’s move to legalize Bitcoin use may create stress on the Bitcoin blockchain. A few years ago JP Morgan’s CEO was bashing Bitcoin, and it appears that the bank can’t just let the world’s most popular digital currency shine. Of course, JP Morgan [...]
CBDCs “herald a new chapter for the monetary system” by providing a technologically advanced representation of money that can further the public interest,...