CNBC reports that J.P. Morgan Chase has created the first cryptocurrency from a major US bank. Dubbed “JPM Coin” for now, it will be used as a settlement token for transactions between its wholesale payments clients. The token operates similarly to a stablecoin, with each JPM Coin redeemable at $1 USD. Anything that currently exists […]
The decentralised asset has had a controversial year to say the least. Its trading range over the past year has been from almost $20k to $3.3k. It has been condemned by institutional leaders, such as Jamie Dimon, as a ‘fraud’ while others like Morgan Stanley hail it as a new asset class. However according to Google, […]
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