JPMorgan CEO Jamie Dimon Tells Congress Crypto

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JPMorgan Chase CEO Jamie Dimon mentioned in a U.S. congressional listening to that crypto tokens, like bitcoin, are “decentralized Ponzi schemes.” He informed lawmakers: “I’m a main skeptic on crypto tokens which you name foreign money.” JPMorgan CEO Jamie Dimon Calls Crypto Ponzi Schemes Jamie Dimon, the CEO of JPMorgan Chase & Co., shared his … Read moreJPMorgan CEO Jamie Dimon Tells Congress Crypto

JPMorgan CEO Jamie Dimon: Crypto Tokens, Bitcoin

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Talking in congressional testimony on Wednesday, Jamie Dimon, CEO of JPMorgan, stated he was a “main skeptic of crypto tokens […] like Bitcoin” and referred to as them “decentralized ponzi schemes.” “The notion that it’s good for anyone is unbelievable,” Dimon stated, pointing to using cryptocurrencies in ransomware assaults, intercourse trafficking and cash laundering. Dimon … Read moreJPMorgan CEO Jamie Dimon: Crypto Tokens, Bitcoin

JPMorgan Advises Investors to Sell Crypto, Buy Value Stocks

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The chief global strategist of JPMorgan Asset Management has advised investors to focus on valuations, invest in value stocks, sell crypto, and steer clear of bitcoin. “The Federal Reserve is overestimating the strength of the U.S. economy as it feels guilty about the fact that inflation went up under their watch,” he said. JPMorgan Strategist’s … Read moreJPMorgan Advises Investors to Sell Crypto, Buy Value Stocks

JPMorgan Strategist Advises Investors to Sell Bitcoin,

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With the US Federal Reserve firming up its ante against inflation and dismissing discussions about any softening of monetary policy. JPMorgan’s chief global strategist, David Kelly, has made some suggestions for crypto investors concerned about the direction of the market. In an interview Friday after Fed Chair Jerome Powell’s speech at Jackson Hole, Wyoming, Kelly … Read moreJPMorgan Strategist Advises Investors to Sell Bitcoin,

JPMorgan Blockchain Head Says Most of Crypto is Junk

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Umar Farooq, Chief Executive Officer of JPMorgan’s blockchain unit, believes that real use cases of crypto are yet to unravel while most of the existing assets are “junk” with only a few exceptions. Speaking at the Monetary Authority of Singapore’s (MAS) Green Shoots seminar on Monday, Farooq said that the regulation has also not caught … Read moreJPMorgan Blockchain Head Says Most of Crypto is Junk

JPMorgan Claims Bigger Revenue Opportunity for Coinbase With

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Analysts of prominent investment bank JPMorgan believe that Coinbase will be meaningfully benefitted from the upcoming Merge. In a note to the clients on Wednesday, analyst Kenneth Worthington said that the San Francisco-based crypto exchange has taken concrete measures in a bid to maximize the value of ETH staking for its clients. This is expected to … Read moreJPMorgan Claims Bigger Revenue Opportunity for Coinbase With

JPMorgan: Ethereum Merge Will Greatly Benefit Coinbase

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The Ethereum Merge is anticipated by the cryptocurrency industry, but many stakeholders want to get the most out of it. The much-anticipated update, according to Wall Street firm JP Morgan, might potentially be quite advantageous for cryptocurrency exchanges. On the other hand, retail traders might be hoping to profit from a potential increase in the … Read moreJPMorgan: Ethereum Merge Will Greatly Benefit Coinbase

JPMorgan Boss Jamie Dimon Warns ‘Something Worse’ Than a

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JPMorgan CEO Jamie Dimon has shared his predictions for the U.S. economy, including a chance of “something worse” than a recession. “There are storm clouds,” the executive said, citing interest rates, QT, oil, Ukraine, war, and China. JPMorgan Chief Jamie Dimon’s Economic Forecasts JPMorgan’s chairman and chief executive officer, Jamie Dimon, reportedly shared his predictions … Read moreJPMorgan Boss Jamie Dimon Warns ‘Something Worse’ Than a

Goldman Sachs, JPMorgan Predict Euro-Area Recession

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Global investment banks Goldman Sachs and JPMorgan have predicted an imminent recession in the euro area. “The risks to our forecast are skewed toward a sharper recession in the event of an even more severe disruption of gas flows, a renewed period of sovereign stress or a U.S. recession,” said the economists at Goldman Sachs. … Read moreGoldman Sachs, JPMorgan Predict Euro-Area Recession