JPMorgan: CBDCs Must Not Cannibalize Commercial Financial Systems

This risk lies in banking customers moving the funds from checking accounts to a CBDC account, eroding commercial banks' funding base.

News  ·  6 August 2021

JPMorgan Launches In-House Bitcoin Fund for Private Bank Clients

The mega-bank has started pitching Private Bank clients on a passive bitcoin fund in partnership with NYDIG.

News  ·  5 August 2021

JPMorgan’s Retail Customers Can Now Tap Crypto – Just Not Directly

JPMorgan will let wealth management clients invest in Grayscale and Osprey crypto trusts.

News  ·  22 July 2021

France Tests CBDC Flows With Singapore Using Automated Liquidity Pool

Running on JPMorgan’s Onyx blockchain, it was the first cross-border CBDC transaction to use automated-market-making smart contracts.

Business  ·  8 July 2021

Kraken Casts More Doubt on JPMorgan Call Over Grayscale Bitcoin Trust ‘Unlocks’

Kraken is disputing the premise that a wave of GBTC shares hitting the secondary market will drive the price of bitcoin lower.

Markets  ·  7 July 2021

Investors Cashing Out of Grayscale Bitcoin Trust Might Bring Market Boost

Investors who locked in borrowed coins will need to repurchase those to repay the loan, cryptocurrency pundits say.

Markets  ·  2 July 2021

Grayscale ‘Unlockings’ Poses Downside Risk to Bitcoin Price, JPMorgan Says

Bitcoin Trust shares bought in January are unlocked next month, and the incentive to reinvest is relatively low.

Markets  ·  24 June 2021
Goldman Sachs

Goldman Sachs Taps JPMorgan’s Private Blockchain for Repo Trade: Report

“We firmly think this will change the nature of the intraday marketplace,” said Mathew McDermott, head of digital assets for Goldman.

News  ·  22 June 2021

Bitcoin Futures ‘Backwardation’ Points to Weak Institutional Demand: JPMorgan

It's another sign of bitcoin's bearish trend.

Markets  ·  10 June 2021

JPMorgan Job Posts Hint at Bank’s Broader Cryptocurrency Ambitions

The megabank is on the hunt for its first crop of crypto-savvy employees. Experience with bitcoin and ethereum is “a huge plus.”

News  ·  3 June 2021

Coinbase Rated ‘Overweight’ in New Coverage at JPMorgan: Report

Analyst Kenneth Worthington said he believes Coinbase has the potential to grow into something that resembles a more traditional financial institution for crypto.

News  ·  25 May 2021

Ether Soars to New All-Time High and JPMorgan Notices

JPMorgan points to better liquidity conditions as reasons behind ETH's outperformance relative to BTC, which could provide a tailwind.

Markets  ·  28 April 2021

DBS, JPMorgan and Temasek to Create Blockchain-Based Payments Joint Venture

The platform, to be dubbed “Partior,” will seek to disrupt the traditional payments model and the common pain points that come with it.

News  ·  28 April 2021

JPMorgan to Let Clients Invest in Bitcoin Fund for First Time: Sources

The JPMorgan bitcoin fund could roll out as soon as this summer, sources tell CoinDesk. NYDIG will be the fund’s custody provider.

Business  ·  26 April 2021
Bitcoin Futures

Bitcoin Liquidity ‘Likely to Remain Resilient’ After Volatility Shock, JPMorgan Says

JPMorgan expects bitcoin liquidity should recover, though it may take a few days as market conditions stabilize.

Markets  ·  21 April 2021