Browsing: JPMorgan Chase

World
Bitcoin the ‘very definition of a bubble’

The speculation around bitcoin is the “very definition of a bubble”, Credit Suisse Group CEO Tidjane Thiam said as the currency exceeded US$7 000 for the first time. “From what we can identify, the only reason today to buy or sell bitcoin

World
Banks want in on bitcoin action

At first, bitcoin was a way to make payments without banks. Now, with more than US$100bn stashed in digital currencies, banks are debating whether and how to get in on the action. Goldman Sachs Group

World
Goldman Sachs may open bitcoin trading desk

Bitcoin traders can breathe a sigh of relief. If JPMorgan Chase & Co’s CEO Jamie Dimon fires them for trading the cybercurrency, Goldman Sachs Group could welcome them with open arms. Goldman is reportedly

World
Central banks can’t ignore bitcoin boom

The world’s central banks can’t sit back and ignore the growth in cryptocurrencies as it could pose a risk to the stability of the financial system, according to the Bank for International Settlements. It said

In-depth
An open letter to Jamie Dimon, by Farzam Ehsani

Dear Mr Dimon, a few days ago, you called bitcoin and cryptocurrencies a “fraud”. You said bitcoin is “not a real thing” and that governments “would close it down”. I understand your perspective and, in fact, I shared a similar view