Jamie Dimon Bashes Bitcoin Again: ‘A Pet Rock’
The JPMorgan CEO said this will be the last time he airs his opinion on bitcoin.
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The JPMorgan CEO said this will be the last time he airs his opinion on bitcoin.
Jamie Dimon’s bank agreed to play a key role with BlackRock’s proposed bitcoin ETF, just weeks after he told U.S. senators: “I’ve always been deeply opposed to crypto, bitcoin, etc.”
Previously clients would need to set standing orders for payments to take place at a particular time; now they can program them to kick in when the relevant criteria are met.
JPMorgan has plans to widen the coin’s usage the bank’s head of payments Takis Georgakopoulos said in an interview.
The increase in staking has reduced the appeal of ether from a yield perspective, the report said.
JPMorgan, Citi and Franklin Templeton are digitizing traditional assets. Will they end up trading on crypto networks like Ethereum?
Daily transactions, daily active addresses and total value locked on the blockchain have all fallen since the upgrade, the report said.
News that Elon Musk’s SpaceX had liquidated its bitcoin holding in the previous quarter acted as an additional catalyst for the correction in crypto markets in August, the report said.