JPMorgan Will Pilot ‘JPM Coin’ Stablecoin by End of 2019

The United States’ largest bank, JPMorgan Chase (JPM), is expecting to pilot its own cryptocurrency JPM Coin by the end of 2019, according to a Bloomberg report on June 25. Umar Farooq, head of digital treasury services and blockchain at JPMorgan, has revealed the company’s intention to launch pilot testing of JPM Coin with selected clients “around the end of the year” in case if relevant…

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JPMorgan Chase Sees Change in Bitcoin Industry

According to a report from Bloomberg, JPMorgan Chase has seen a considerable change in the Bitcoin industry in the past two years. This change has been led by what is termed as an institutional interest. An investigation which was conducted by Bitwise, an asset manager, revealed that much of the trade volume being reported by…

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JPM Develops New Privacy-Enhancing Tool for Payment Mechanisms on ETH Blockchain

JPMorgan Chase (JPM) — the United States’ largest bank — is reportedly poised to release an open-source extension that enhances the privacy of payment mechanisms on Ethereum-based blockchains. The development was reported by crypto media outlet Coindesk on May 28. The new tool has reportedly been designed as an extension to the Zether protocol. As reported, Zether is a privacy-focused payment mechanism that is…

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Warren Buffett Takes a Moment to Insult Bitcoin at His Berkshire Hathaway’s Annual Meeting

There is not any doubt in the cryptocurrency industry, regarding the way that Warren Buffett feels about Bitcoin, or “rat poison squared,” as he calls it. After the recent annual meeting of Berkshire Hathaway, Buffett practically doubled down on his statements, saying that the cryptocurrency is “a gambling device,” bringing attention to the many scams in…

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