South Korea’s Second Largest City Considers Launching Local Cryptocurrency

The second-most populous city in South Korea, Busan, is reportedly considering launching a local cryptocurrency. This crypto would supposedly take the form of a stablecoin pegged to the South Korean won. Busan, South Korea, plans local cryptocurrency This news comes from the South Korean technology news outlet ETnews. What’s more, the report supposedly details how … Continue reading South Korea’s Second Largest City Considers Launching Local Cryptocurrency

JPMorgan Chase CEO: Crypto Firms Want To Eat Our Lunch

The CEO of JPMorgan Chase, Jaimie Dimon, recently sat down with Yahoo Finance’s Editor-in-Chief for an interview. The interview casts some light on how JPMorgan Chase views cryptocurrencies in general, and Facebook’s Libra specifically. Perhaps most notably, Dimon remarked that he believes crypto firms “want to eat JPMorgan’s lunch”. Jamie Dimon: Crypto firms want to … Continue reading JPMorgan Chase CEO: Crypto Firms Want To Eat Our Lunch

JPMorgan Strategists Warn Crypto Rally Could Cause Bitcoin Crash

A group of JPMorgan & Chase strategists are warning that the cryptocurrency rally could cause a 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 … Continue reading JPMorgan Strategists Warn Crypto Rally Could Cause Bitcoin Crash

Big Banks are Anti-Bitcoin but Have Paid Over $243 Billion in Fines Since the Financial Crisis

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 … Continue reading Big Banks are Anti-Bitcoin but Have Paid Over $243 Billion in Fines Since the Financial Crisis