Cryptos Would Only Have Value in ‘Dystopian’ Economy: JPMorgan
JPMorgan Chase has said that cryptocurrencies would only have value when confidence in traditional assets had been lost.
Rather than build an alternative currency like Libra, Facebook should concentrate on building new infrastructure, like the open systems in the ethereum-DeFi space, says ConsenSys's Lex Sokolin.
Bitcoin proved itself a resilient asset, if not a stable or useful currency, during March's global market meltdown, JPMorgan analysts told investors.
Upon first examination, JPM coin is an exciting Wall Street development, but the reality is more complicated, writes Kadena's Ben Jessel.
While crypto-land is abuzz about JPMorgan’s plan to move dollars via blockchain, a smaller New York bank is already doing this.