JPMorgan Calls Most Cryptocurrencies ‘Junk’
- August 30, 2022
Most of the crypto assets in the market are insignificant and the actual use cases of digital currencies are underdeveloped. This view was voiced by the head of the blockchain division of
Most of the crypto assets in the market are insignificant and the actual use cases of digital currencies are underdeveloped. This view was voiced by the head of the blockchain division of
With Ethereum’s transition to the Proof-of-Stake (PoS) algorithm, miners will have to look for alternative sources of income. This is stated in the JPMorgan report, which is at the disposal of CoinDesk.
Increasing interest in Ethereum in anticipation of the improvement in investor sentiment and the transition to PoS has led to a rebound in the cryptocurrency market. CoinDesk writes that JPMorgan analysts came
In June, the cost of producing bitcoin fell from ~$24,000 to ~$13,000, which could be a negative factor for digital gold pricing. Bloomberg writes about it, citing JPMorgan experts. The bank’s strategists
The worst of the bear market may be behind, as strong players in the crypto industry bail out the weak to contain the epidemic. This was explained by JPMorgan strategist Nikolaos Panigirtzoglou,
Mining companies in need of liquidity in the third quarter may continue to exert downward pressure on the prices of the first cryptocurrency. Bloomberg writes that JPMorgan strategist Nikolaos Panigirtzoglou came to
Analyst firm Elliptic announced that it is pulling financial conglomerate JPMorgan as an additional investor in the Series C round. Elliptic today announced JP Morgan as an additional investor as part of
Terra’s collapse will have a limited impact on the state of the digital asset market, and the crypto winter will be short-lived due to the influx of venture capital into the industry.
Bitcoin’s fair price is $38,000, and cryptocurrencies have outstripped real estate as one of the preferred “alternative assets.” This is reported by Business Insider citing analysts at financial conglomerate JPMorgan. Digital gold
French financial firm BNP Paribas joins JPMorgan’s Onyx transaction network REPO with bonds. This is reported by the Financial Times. The solution uses tokenized versions of US government bonds and JPM Coin