JP Morgan: “We Are Big Believers in Ethereum”

2018-11-3 04:20

Despite recent statements by Jamie Dimon, in which he claimed that he didn’t “give a sh*t about Bitcoin.” JP Morgan just gave a significant endorsement to Ethereum ETH as a result of its capabilities to provide practical applications in the world of finance.

JP Morgan Believes in Ethereum

According to The Australian Financial Review, JP Morgan is seriously committed to the development of Quorum, a product defined by the bank as “an enterprise-focused version of Ethereum.” One of the main immediate uses will be the tokenization of gold bars that the firm will have in custody. JP Morgan’s head of blockchain initiatives, Umar Farooq, commented on the potential of Quorum and the importance of Ethereum for ecosystem development:

“There are people outside our firm using Quorum to tokenize gold, for instance. They wrap a gold bar into a tamper-proof case electronically tagged, and they can track the gold bar from the mine to end point – with the use case being, if you know it’s a socially responsible mine, someone will be willing to pay a higher spread on that gold versus if you don’t know where it comes from. Diamonds is another example … We are the only financial player that owns the entire stack, from the application to the protocol. We are big believers in Ethereum.”

However; Its CEO Does Not Feel The Same Way About Bitcoin BTC

Even though Farooq’s statements are quite supportive towards cryptocurrencies and blockchain technologies, Jamie Dimon has been very skeptical about Bitcoin. His posture resembles that of several other governments and politicians which seem to love blockchain but hate on Bitcoin and cryptocurrencies in General

According to an article published by The Next Web, Dimon seems to be very happy in a place far far away from Bitcoin:

“Asked if he has changed his mind about Bitcoin at the Axios Conference in LA, Dimon quashed earlier reports of softening the stance on Bitcoin.
‘I never changed what I said, I just regret having said that,’ he said. ‘I didn’t want to be the spokesperson against Bitcoin. I just don’t give a fuck, that’s the point.’
Dimon also stuck by the ‘blockchain, not Bitcoin’ proposition, that the entire banking industry espouses. ‘Blockchain is real, it’s a technology, but Bitcoin isn’t the same as a fiat currency.’”

The post JP Morgan: “We Are Big Believers in Ethereum” appeared first on Ethereum World News.

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Источник: ethereumworldnews.com

ethereum morgan → Результатов: 30


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As per a report released by a respected Australian media outlet recently, the folks over at JP Morgan have finally given their ‘seal of approval’ to Ethereum, after the ETH Foundation reaffirmed its unwavering commitment to develop the Quorum ecosystem— an enterprise version of Ethereum that has been designed to run any application that requires […]

2018-11-5 23:45


JP Morgan’s Jamie Dimon Does ‘Not Give a Sh*t’ About Bitcoin (BTC)

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2018-10-31 17:30


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JP Morgan намерена токенизировать золотые слитки через блокчейн-платформу Quorum

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J.P. Morgan Banks on Quorum Blockchain to Offer Lucrative Trading Products

Global investment banking firm JP Morgan is building Quorum, an enterprise blockchain platform built on the Ethereum Platform. According to the Financial Review’s article published on October 29, 2018, JP Morgan believes that the Quorum platform can open up new trading opportunities in the next decade as it will help tokenize of a variety of assets which include gold bars,.

2018-10-30 17:00


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Bitcoin, Ethereum and Litecoin Trading Now Available on Yahoo Finance

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Morgan Creek Launches Digital Asset Index Fund, Excludes Ripple and Stellar Lumens

Morgan Creek Digital Asset Index Fund launched on August 29th signaling a jump forward for large-scale adoption of cryptocurrencies. With the backing of the Morgan Creek Institutional Investment House, the digital asset index fund will include significant players like bitcoin, and ethereum, though it will leave ripple and lumens out of the asset mix.

2018-8-31 03:00


На Yahoo Finance теперь доступна торговля биткоином, Ethereum и Litecoin

Портал Yahoo Finance интегрировал возможность торговли биткоином, Ethereum и Litecoin на своей платформе. Сервис также отображает статистику по другим криптовалютам, таким как Bitcoin Cash, Ethereum Classic и EOS, однако они для торговли в настоящее время недоступны.

2018-8-30 10:28


На Yahoo Finance добавлена возможность покупки BTC, ETH и LTC

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2018-8-30 09:27


Фото:

New Morgan Creek Index Excludes ‘Pre-Mined’ Tokens Like XRP – But Not Ethereum

Morgan Creek Capital Management, the investment house with $1. 5 billion of assets under its wing, has refused to include Ripple in its new rules-based index fund. ‘A Lot Of Additional Risk’ As Forbes reports on the launch day of Digital Asset Index Fund August 28, Morgan Creek has opted to exclude any cryptocurrency with more than a 30 percent premine.

2018-8-28 19:00


Фото:

Prominent Investor: This Bitcoin Bear Season May Last For A While

Although the market has begun to recover, albeit ever so slightly, there are some industry leaders that aren’t convinced that Bitcoin is back in bull mode just yet. “Bitcoin Will Bottom, Then Go Sideways” Anthony Pompliano, the founder of the crypto/blockchain-centric Morgan Creek Digital Assets, recently appeared on Ran Neuner’s “Crypto Trader” show to express […] The post Prominent Investor: This Bitcoin Bear Season May Last For A While appeared first on Ethereum World News.

2018-8-27 23:44


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