JPMORGAN CHASE COULD SOON TAKE FUTURE CONTRACTS ON BITCOIN

It would be a complete turnaround for Jamie Dimon, the charismatic CEO of the JPMorgan Chase group.

A "fraud" that could soon be offered to customers

Jamie Dimon bitcoin Last September, the man made a big noise stating that he would not hesitate to "fire on the spot an employee who would be caught buying Bitcoins."

He had mentioned two simple reasons for this hostility to digital currency: "It's against our rules, and this is a totally stupid attitude."

Jamie Dimon, who believes that Bitcoin is a "fraud", finally decided a few weeks ago "to stop talking about Bitcoin":

The story could have stopped as well.

But the Wall Street Journal told us yesterday that JP Morgan Chase could offer its customers, on its own futures contract platform, access to the Chicago Mercantile Exchange's Bitcoin futures contracts ( CME).

Financial groups are interested in Bitcoin and blockchain technology

The CME Group, the world's largest financial derivatives market, seems to have led the way. The company is expected to introduce the first Bitcoin futures contract next month.

It will allow institutional investors to take advantage of potential increases in digital currency, without having to use a new trading platform or to create a cryptocurrency portfolio.

A Swiss bank, Vontobel, would like to offer "mini futures", more accessible than futures contracts, to offer its customers the opportunity to speculate on the decline in the value of Bitcoin. This may be particularly useful for investors who own Bitcoins, and who would like to reduce their risk of their portfolio.

But beyond digital currencies, blockchain technology seems to be attracting increasing interest from banks.

Receive every morning a summary of the latest news of the last 24 hours of the cryptocurrency world.

Commentaires

Posts les plus consultés de ce blog

5 things to know when the bitcoin crash

Investment in cryptocurrency is considered a risky investment, you can as well make a big gain quickly than lose everything in no time. In short, there is no guarantee. This has been proven a few days ago when the price of bitcoin dropped from $ 20,000 to around $ 11,000, a drop of almost 50%. We take advantage of this "crash" to give you some points to know about this investment. However, we want to make it clear from the beginning that it is not a matter of advice to make a success of your crypto-investment, nor to influence your decision-making. Beware of reviews on Facebook or Reddit When we go through a difficult period, like the bitcoin crash, for example, it is normal to go to social networks to find help, or at least see what people do in your area. situation. Unfortunately, Facebook, Twitter or Reddit are full of malicious people who will not hesitate to give bad advice, like selling bitcoins hastily after a fall in price ... Some will tell you that they predi...

24h on the crypto planet # 28: all the news about cryptocurrency

Hello everyone, and welcome to this new episode of 24 hours on the crypto planet! The markets are shaking, the temperature is going down, and @tighilt will accompany you all the holidays, Happy reading! Crypto companies could be banned from the Israeli Stock Exchange. The president of the Israeli Securities Regulatory Authority (ISA) - Shmuel Hauser - said at a conference that he was going to put an ISA review on the proposal to ban the Israeli stock exchange. set of businesses based on cryptocurrency. "Investors need to know what our position is. Shmuel Hauser A Christmas tree Ethereum for charity At the end of the year, a crypto-enthusiastic group based in Toronto created a charity project: the Merry Merkle Tree. This program, initially supposed to raise $ 25,000, has finally brought back more than $ 90,000 in ETH, for the cause of homeless youth. Robbie Bent, the organizer of the action, said the idea came to him when he realized the extent to which cryptocurre...

SCRAP A: STARTUP CONFIDO HAS BLEEDED WITH 380 000 EUROS WHICH IT WAS ABOUT TO LEVER

Confido, a startup at the origin of a recent ICO, whose name means in Italian "I trust", seems to have ended its activities, having managed to raise 1,235 Ethers (the equivalent of 382 850 euros according to current prices). The company was supposed to develop a "trustless" payment system - in other words, a system that does not require, through the use of smart contracts, the presence of a trusted third party to carry out value trading. This scam comes as many voices rise to denounce the lack of regulation around the markets of ICOs. "I trust" Logo of confidoVoice what can be read in an article published on Medium by Confido (the article has since been deleted): "Confido goes through the barrier of trust in trade involving crypto-currencies, while remaining decentralized and not requiring trustless third parties" After talking about "legal problems" this weekend, the startup seems to have sought to erase a lot of inform...

cryptocurrency

Rechercher dans ce blog