Mining gross margins expanded sequentially this month, which is encouraging, the bank said.
Dimon reaffirmed his negative stance on Bitcoin despite regulatory shifts under the Trump admin encouraging institutional involvement.
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Bitcoin could keep rising at gold’s expense in the second half of the year, boosted by corporate buying and growing support from U.S. states, according to JPMorgan analysts.
JPMorgan has completed a groundbreaking pilot transaction that bridges traditional finance and blockchain in collaboration with Ondo Finance and Chainlink. According to a May 14 statement, the banking giant’s blockchain unit, Kinexys, successfully executed a cross-chain atomic settlement using Ondo Finance’s tokenized short-term US Treasury product, OUSG. This marks the first time Kinexys has connected its permissioned […]
The post JPMorgan bridges blockchain and traditional finance in landmark pilot transaction appeared first on CryptoSlate.
JPMorgan's blockchain unit Kinexys, Chainlink and Ondo Finance teamed up to test cross-chain settlement of a tokenized U.S. Treasuries fund.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Mining profitability fell in April as the network hashrate increased 6%, the report said.
Eight of the largest banks in the Middle East and North Africa region are now using JPMorgan's Kinexys blockchain platform for payments.
JPMorgan says gold is attracting safe-haven demand from ETF and futures investors, while bitcoin is seeing the opposite trend.
MARA Holdings and CleanSpark outperformed BTC, while miners with exposure to high-performance computing, such as Bitdeer, TeraWulf, IREN and Riot Platforms underperformed.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
JPMorgan now lets companies make 24/7 blockchain payments in British pounds (GBP), adding to its euro (EUR) and dollar (USD) options.
Bitcoin's role as "digital gold" is being tested as volatility and ETF outflows raise investor doubts, according to JPMorgan analysts.
The monthly performance was the third-worst on record, the report said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The top five yield-bearing stablecoins, including Ethena's USDe, have seen rapid growth since the U.S. election, JPMorgan analysts said.
U.S.-listed miners maintained their share of the network hashrate at around 30%, the report said.
Bitcoin Miner IREN Upgraded to Overweight, Cipher Mining Cut to Neutral: JPMorgan
The continued growth of publicly listed bitcoin miners is expected as they push further into vertical integration, JPMorgan analysts said.
A number of U.S. states have rejected the idea of using bitcoin as a reserve asset due to its volatility, the report said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
JPMorgan sees less than a 50% chance of a U.S. strategic crypto reserve gaining approval, citing congressional hurdles.
The total market cap of the 14 publicly-listed U.S. bitcoin miners that the bank tracks dropped 22% last month, the report said.
Institutional crypto futures positioning suggests a weakness in demand, the report said.
JPMorgan analysts say a lack of positive catalysts and fading momentum drive lower demand for bitcoin and ether futures.
Mining economics came under pressure as the network hashrate rose while the bitcoin price fell, the report said.
Tether has refuted claims made by JPMorgan analysts regarding its Bitcoin reserves and ability to comply with upcoming US stablecoin regulations. In a Feb. 13 statement to CryptoSlate, the stablecoin issuer confirmed that it is closely monitoring developments around US stablecoin regulations while actively engaging with local regulators. Tether acknowledged ongoing discussions surrounding the proposed […]
The post Tether refutes JPMorgan’s suggestion it will sell Bitcoin to navigate regulation appeared first on CryptoSlate.
Company data suggests that Tether's reserves are 66% compliant under the STABLE Act and 83% under the GENIUS Act, the report said.