JPMorgan to Enable Bitcoin Purchases for Clients, But Won’t Hold the Asset
Jamie Dimon, CEO of JPMorgan Chase, announced that the bank will soon let clients purchase Bitcoin, though it has no plans to manage the cryptocurrency directly. “We’ll let you buy it,” Dimon stated during JPMorgan’s annual investor day on May 19. “But we’re not going to hold custody of it. It’ll show up on your […]
Bitcoin Hits Record High Amid US-China Trade Truce and Easing Global Tensions
Bitcoin soared to a new all-time high after geopolitical developments lifted market sentiment, sparking renewed confidence among investors. According to TradingView data, Bitcoin (BTC) surged to $109,400 on May 21, representing a 26% gain over the past month. The rally followed the May 12 announcement of a temporary 90-day trade pact between the United States […]
Banking Industry Growing Uneasy Over Rise of Interest-Paying Stablecoins
The U.S. banking sector is reportedly becoming increasingly anxious about the growing popularity of stablecoins that offer returns, with concerns mounting that they could significantly undercut the traditional banking model. That’s according to Austin Campbell, an NYU professor and founder of Zero Knowledge Consulting. In a post shared on social media on May 21, Campbell—opening […]