Clash of the Titans: JPMorgan’s crypto stance could offer an edge over Goldman SachsBTC $9668 (+1.8%) • ETH $240 (+2.6%) • XRP $0.20 (-0.1%)
The traditional finance world has long been skeptical of the crypto market, with many financial “gurus” and banks criticizing the nascent market, frequently leaning against age-old talking points for why Bitcoin is bad. It appears that this is starting to shift, however, as JPMorgan has recently taken some actions that appear to show that they are changing their outlook towards the market. This trend doesn’t mark any sort of shift in how the entire banking industry views the market, however, as JPMorgan’s fellow banking giant Goldman Sachs recently offered scathing remarks about Bitcoin and other cryptocurrencies. It is possible that JPMorgan will gain a valuable edge over its competitors due to its gradual acceptance of digital assets.
More news ⏬The stock market is outperforming Bitcoin over the past year: Why this may soon change
Despite Bitcoin’s strong performance against a backdrop of global turbulence in recent times, it is important to note that the stock market is still outperforming the benchmark cryptocurrency over a one-year period. Thanks to our premium sponsors⭐️ Phemex - Phemex is a Singapore-based and fastest cryptocurrency and derivatives exchange. It supports six trading pairs with up to x100 leverage. ⭐️ Bitamp - Bitamp is an open-source, client-side, free Bitcoin wallet that allows you to send and receive Bitcoin securely on the blockchain. ⭐️ Switchere - Switchere is a safe, licensed & non-custodial crypto exchange where you can sell & buy crypto with credit card instantly. ⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ OKCoin - OKCoin is one of the world’s first and largest regulated crypto exchanges, with millions of users in more than 100 countries around the world. This Bitcoin developer is using “swaps” to solve BTC’s long-running “pseudonymous” privacy issue
Bitcoin’s privacy features have been under fire by critics since early 2013. While the protocol remains technically robust and mathematically secure, a loophole allows blockchain analysts and cryptographers to link transactional behavior with users, leading to some term Bitcoin as pseudonymous. Inflation may grow as the US prevents negative interest rates, boosting Bitcoin bull case
One of the biggest Bitcoin catalysts over the past few months has been the introduction of negative interest rates into economies in Europe and Asia. Early Bitcoin advocate explains how falling oil markets mean profits for America and China BTC miners
The world’s equity, fuel, and bonds markets have entered into uncertain and volatile periods — driven on the back of unstable trade wars, changing fundamentals, and the ongoing coronavirus pandemic. Coinbase’s earliest investor starts accumulating Ethereum “again,” joining whales
After underperforming Bitcoin for weeks, Ethereum saw a healthy rally this week that saw it reach $245 on Saturday — the highest price since early March. Euro is still on track of collapsing, says macro analyst: Here’s how Bitcoin could react
Although we are just months into the ongoing COVID-19 recession, it has purportedly shown clear structural issues in some of society’s largest institutions. Ethereum developer Danny Ryan speaks on ETH 2.0 progress, gives insights on new features
Ethereum’s upcoming 2 “Senerity” update is much-awaited among cryptocurrency circles. Featured event
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