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A group of JPMorgan & Chase strategists are warning that the cryptocurrency rally could cause a Bitcoin crash
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JPMorgan Strategists Warn Crypto Rally Could Cause Bitcoin Crash
Strategists from JPMorgan Chase & Co are now suggesting that the value of Bitcoin has risen too quickly these last weeks. As such, they warn that a Bitcoin crash may follow – as the cryptocurrency’s price has surged above its ”intrinsic value”. This warning comes as many are once again turning bullish on cryptocurrencies This news comes from a fresh Bloomberg report, which details potential pitfalls with the recent spike…
Big Banks are Anti-Bitcoin but Have Paid Over $243 Billion in Fines Since the Financial Crisis
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Big Banks are Anti-Bitcoin but Have Paid Over $243 Billion in Fines Since the Financial Crisis
When I ask people what do they think of Bitcoin? The response often equates to, ‘isn’t that the thing that people use for crime on the internet?’ However, if I were to ask my friends, what do you think about banks? They will often complain of expensive fees or greedy bankers, being paid too much money. Rarely, will they even mention the vast sums banks have been fined for money…
Largest Private Bank in Russia Launders $9 Billion While Bitcoin Remains Focus of Regulators
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Largest Private Bank in Russia Launders $9 Billion While Bitcoin Remains Focus of Regulators
A $9 billion scam via money laundering was discovered by a group of journalists recently. This scam, with roots in the largest private bank in Russia, includes no involvement of Bitcoin. The scam allowed the criminals to move billions from its shell businesses and into the global financial system. It was revealed by the Organized Crime and Corruption Reporting Project (OCCRP) with help from 15min.It, a Lithuanian news site, and…
Traditional Banks Continue to Excel at Money Laundering, Another Major Bank Ordered Closed
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Traditional Banks Continue to Excel at Money Laundering, Another Major Bank Ordered Closed
A common misconception regarding cryptocurrencies is that they are ”only used by criminals”. Moreover, cryptocurrencies are often accused of being vehicles for money laundering. Estonian bank ordered closed as money laundering investigation continues Although any technology can be used for malicious purposes, money laundering is, in fact, a far greater problem for traditional banks using fiat currencies. Another example of this has just popped up, as Danske Bank has been…