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Category: JPMorgan

JPMorgan: El Salvadors’ Bitcoin Adoption Could Pose Challenge for the Country

Wall Street giant JPMorgan isn’t quite happy with El Salvador making Bitcoin (BTC) a legal tender in the country. The banking firm noted that passing the Bitcoin law could pose a challenge for Bitcoin as well as the cryptocurrency itself. Analysts of JPMorgan noted that Bitcoin’s daily trading volume hits anywhere between $40 to $50

The post JPMorgan: El Salvadors’ Bitcoin Adoption Could Pose Challenge for the Country appeared first on Coingape.

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Kraken Director Dan Held Tags Traditional Financial Institutions A “Cartel”

Kraken Director Dan Held recently posted a tweet that shows what he thinks of the traditional banking system. Are traditional banks truly a collision of government financial structures for monopoly? A necessary fact-check and digging into the actual status of the state-owned bricks and mortar financial depository institutions comes to bear following Dan Held’s recent […]
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Canada’s Purpose Bitcoin ETF Continue Systematic Accumulation Over Last Month’s Price Decline

The Bitcoin (BTC) price is up 12% today aiming to surge past $40,000 levels after Elon Musk tweets that Tesla will once again resume Bitcoin transactions once 50% of the mining industry turns to renewables. However, Bitcoin has continued to remain on a serious decline and trading sideways over the last month. But this hasn’t

The post Canada’s Purpose Bitcoin ETF Continue Systematic Accumulation Over Last Month’s Price Decline appeared first on Coingape.

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JPMorgan Warns of Upcoming Bear Market In Bitcoin (BTC)

Although Bitcoin (BTC) has registered a strong pullback in the last 24 hours moving past $37,000 levels earlier today, JPMorgan analysts are a bit skeptical about its future journey ahead. A recently published report from Bloomberg states that the bank analysts have warned of ‘backwardation’ in the futures market. It means that the spot price

The post JPMorgan Warns of Upcoming Bear Market In Bitcoin (BTC) appeared first on Coingape.

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Deutsche Bank Refers to Bitcoin Value As “Wishful Thinking”, Global Banks Join Anti-BTC Rant

Bitcoin’s (BTC) plunge this week has not only shaken investors but also rattled banking institutions. While the institutional players continue buying the dips, the traditional banks have once again joined the anti-Bitcoin rant. Germany’s biggest banking institution published a note “Bitcoin: Trendy is the last stage before tacky,” on Thursday, May 20. While quoting fashion

The post Deutsche Bank Refers to Bitcoin Value As “Wishful Thinking”, Global Banks Join Anti-BTC Rant appeared first on Coingape.

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