JPMorgan CEO Jamie Dimon: Bitcoin Is a Fraud, There’s No Hope for BTC as a Currency

April 21, 2024 Bitcoin.com

Bankers

JPMorgan Chase CEO Jamie Dimon has doubled down on his anti-bitcoin stance, emphasizing that the crypto is a fraud with no future as a currency. “It’s a Ponzi scheme,” the executive stressed. However, despite his strong opinion about bitcoin, JPMorgan is an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Dimon, while advising investors […]

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Deutsche Bank Expects Bitcoin Price to ‘Stay High’ After Halving — JPMorgan Disagrees

April 20, 2024 Bitcoin.com

Bitcoin Halving

JPMorgan Chase and Deutsche Bank have weighed in on potential price movements for bitcoin following the halving. “We continue to expect prices to stay high,” Deutsche Bank analysts said. JPMorgan analysts, however, stated that they “see downside for the bitcoin price post halving for several reasons.” JPMorgan and Deutsche Bank on Bitcoin Post-Halving JPMorgan Chase […]

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

$38,400,000,000 in Deposit Flight Hits Wells Fargo and Citigroup in One Year As JPMorgan Chase CEO Issues Warning To Federal Reserve

April 20, 2024 The Daily Hodl

bank

New numbers show two of the largest banks in the US are witnessing billions of dollars in deposit flight. Quarterly earnings data shows Citigroup’s deposits dropped from $1.3305 trillion in Q1 of 2023 to $1.3072 trillion in Q1 of this year – a reduction of $23.3 billion in a span of 12 months. Meanwhile, deposits […]

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SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

JPMorgan doubles down on $42,000 Bitcoin price forecast post-halving

April 19, 2024 The Crypto Briefing

Bitcoin

JPMorgan stands by a bearish Bitcoin forecast post-halving, with a target of $42,000 due to high production costs and market overvaluation.

The post JPMorgan doubles down on $42,000 Bitcoin price forecast post-halving appeared first on Crypto Briefing.

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

JPMorgan Warns of Downside Risk in Crypto Markets

April 15, 2024 Bitcoin.com

bitcoin.com

JPMorgan has warned of a downside risk in crypto markets, citing subdued crypto venture capital flows. The global investment bank’s analysts also remain cautious about the U.S. Securities and Exchange Commission (SEC) greenlighting spot ethereum exchange-traded funds (ETFs) in May. Crypto Market’s Downside Risk Warning Global investment banking giant JPMorgan published a report on Thursday, […]

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

JPMorgan Chase To Pay $250,000 for Defaming Former Employee As Regulator Orders Bank To Eliminate Series of Allegations

April 14, 2024 The Daily Hodl

bank

The Financial Industry Regulatory Authority (FINRA) is ordering JPMorgan Chase to pay hundreds of thousands of dollars in damages to a former employee who accused the bank of defamation. Former JPMorgan Securities (JPMS) financial advisor Michael C. Nolan says the trillion-dollar lender damaged his reputation in a Form U5 filing to FINRA after he left […]

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SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

JPMorgan Chase To Sell Financial Data of 80,000,000 Clients As Trillion-Dollar Bank Launches Media Platform

April 13, 2024 The Daily Hodl

Chase

JPMorgan Chase is launching a new business that will allow marketers and advertisers to target customers based on their spending data. To do that, the banking giant will be providing companies with the data it collects from its 80 million clients. The new venture, called Chase Media Solutions, aims to be a “key conduit for […]

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JPMorgan Chase CEO Warns Inflation, Terrible Wars and Violence Are ‘Significant Uncertain Forces’ in New Outlook

April 13, 2024 The Daily Hodl

bank

The head of the largest bank in the US says he’s concerned about “significant uncertain forces” brewing on the global stage. In the firm’s first-quarter earnings results, JPMorgan CEO Jamie Dimon says persistent inflation and new, violent conflicts are his two top concerns as Q2 begins. “Many economic indicators continue to be favorable. However, looking […]

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SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

Peter Schiff Warns High Inflation Returning — Accuses JPMorgan CEO Jamie Dimon of Sugarcoating the Problem

April 9, 2024 Bitcoin.com

bitcoin.com

Economist and gold bug Peter Schiff has warned that high inflation will return with a vengeance and significant Fed rate hikes will be necessary. He also criticized JPMorgan CEO Jamie Dimon for downplaying the severity of the U.S. economic situation. However, he conceded that Dimon’s perspective is “a lot closer to being right than most […]

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

JPMorgan Anticipates SEC Approving Spot Ethereum ETFs After Litigation Process

April 6, 2024 Bitcoin.com

bitcoin.com

Global investment bank JPMorgan anticipates that the U.S. Securities and Exchange Commission (SEC) will eventually approve spot ether exchange-traded funds (ETFs). However, the firm pegs the chance of approval in May at 50%, foreseeing a potential litigation process if an ether ETF application is rejected at that time. JPMorgan on Potential SEC Approval of Spot […]

JPMorgan

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