The accounts held about 7% of the company's cash.
Investors who locked in borrowed coins will need to repurchase those to repay the loan, cryptocurrency pundits say.
The global bank is also “keeping a very close eye” on DeFi, says Umar Farooq, head of JPMorgan’s Onyx blockchain team.
Signs point to a new avenue of growth for crypto-backed lending.
ConsenSys staffers waiting for equity payouts may soon be in luck, according to an internal document revealing the company’s recent good fortune.
Brad Hintz, a former star Sanford Bernstein analyst, Morgan Stanley treasurer and Lehman Brothers CFO, explains the risks in the fine print.
A search for “blockchain” on JPMorgan’s career pages actually brings up 56 open positions, with 34 including the tech in the job title.
On a Zoom call with traders in January, co-President Daniel Pinto suggested he was open-minded about bitcoin.
Liink wants its 400-plus financial institutions (including 25 of the largest 50 banks) to start building on top of the platform.
The JPMorgan subsidiary has agreed to repay most of $2.5 million it took in credit card fees for cryptocurrency purchases.
The bank had allegedly charged the plaintiff over $160 in fees and interest for regularly purchasing cryptocurrencies with his credit card.
JPMorgan Chase has filed a patent and is testing a blockchain system for tracking the automobile inventory it finances for car dealers.
JPMorgan has developed a new privacy feature for ethereum-based blockchains that hides both the sender and the amount in a transaction.
Decentralized systems are coming for the banks, argued Circle CEO Jeremy Allaire, in a panel Wednesday at the International Monetary Fund.
Several years back Citi tested a bank-backed cryptocurrency similar to JPMCoin. The lesson it learned? It's easier to rely on SWIFT.