ConsenSys Acquires JPMorgan’s Quorum Blockchain
Quorum, the enterprise blockchain platform developed by mega-bank JPMorgan Chase, is to be acquired by ConsenSys, the Brooklyn-based Ethereum venture studio.
Bitcoin's rise this week comes after a weekend where its price went as low as $47,272.
Signature is "positioned to ride the crypto wave," a JPMorgan analyst wrote.
Bitcoin gave up some gains on Wednesday, suggesting the short-squeeze rally is fading.
The appointment comes as U.S.-based Ripple is openly contemplating relocating its headquarters to another country, citing lack of regulatory clarity.
In their “Flows & Liquidity” report, JP Morgan analysts say institutions are piling into bitcoin at a stronger pace this quarter than they were in Q3 and may have a bigger role in price movement than quantitative traders.