JPMorgan Chase CEO Jamie Dimon has doubled down on his anti-bitcoin stance, emphasizing that the crypto is a fraud with no future as a currency. “It’s a Ponzi scheme,” the executive stressed. However, despite his strong opinion about bitcoin, JPMorgan is an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Dimon, while advising investors […]
In the last week, XRP experienced a 19.9% increase in its value against the U.S. dollar, reaching a peak of $ 0.744 per coin on March 11, 2024. Its price has since retreated a hair, now trading at $ 0.685 per XRP. Although the digital currency’s market results haven’t captured as much attention …
The Securities and Exchange Commission (SEC) has reportedly provided specific guidance to exchanges seeking to list and trade spot bitcoin exchange-traded funds (ETFs) on what they should do next. “This is real progress,” said one crypto exchange insider. “The cash vs in-kind debate looks to be finding clarity.” SEC’s Advice Regarding Spot Bitcoin ETFs Optimism […]
A South African crypto investment platform has expressed hopes that an asset recovery proposal will result in users regaining access to funds blocked after its custody partner froze withdrawals. The crypto platform said it has also engaged regulators whom it hopes will help expedite resolution of the matter. No Timeline Given The South African …
A few weeks back, a coalition of creditors from FTX, known as the “FTX 2.0 Coalition,” shed light on how the defunct exchange’s vested interest in Anthropic could significantly enhance their compensation. Now, Anthropic has successfully secured $ 2 billion in funding from Google. Although the exact updated valuation remains undisclosed, preliminary estimates suggest …