Bitcoin gave up some gains on Wednesday, suggesting the short-squeeze rally is fading.
Bitcoin's rise this week comes after a weekend where its price went as low as $47,272.
The JPMorgan CEO included cryptocurrency regulation among his chief concerns in his letter to shareholders.
Signature is "positioned to ride the crypto wave," a JPMorgan analyst wrote.
The appointment comes as U.S.-based Ripple is openly contemplating relocating its headquarters to another country, citing lack of regulatory clarity.
In their “Flows & Liquidity” report, JP Morgan analysts say institutions are piling into bitcoin at a stronger pace this quarter than they were in Q3 and may have a bigger role in price movement than quantitative traders.
Quorum, the enterprise blockchain platform developed by mega-bank JPMorgan Chase, is to be acquired by ConsenSys, the Brooklyn-based Ethereum venture studio.
Bitcoin proved itself a resilient asset, if not a stable or useful currency, during March's global market meltdown, JPMorgan analysts told investors.
Rather than build an alternative currency like Libra, Facebook should concentrate on building new infrastructure, like the open systems in the ethereum-DeFi space, says ConsenSys's Lex Sokolin.
JPMorgan has been replacing key privacy components of its Quorum blockchain platform over the past six months.
Upon first examination, JPM coin is an exciting Wall Street development, but the reality is more complicated, writes Kadena's Ben Jessel.
While crypto-land is abuzz about JPMorgan’s plan to move dollars via blockchain, a smaller New York bank is already doing this.
JPMorgan Chase has said that cryptocurrencies would only have value when confidence in traditional assets had been lost.
"Convergence" means different things to different people in the blockchain space. But it's a word that's cropping up again and again.