Tag Archives: JPMorgan

Bitcoin surge lures even JPMorgan to the cryptocurrency

by Camila Russo and Tugce Ozsoy Bitcoin bubble or just the beginning? Or both? Those are the questions being asked on Wall Street to Main Street after the digital currency breached $US5000 for the first time, pushing this year’s gains to more than fivefold. As recently as December, bitcoin was trading at less than $US1000. […]

JPMorgan CEO Jamie Dimon trolled by cryptocurrency start-up in WSJ ad

The start-ups stunt likely did not come cheap. A full page ad in the WSJ costs near $250,000, according to the newspaper. But it’s a way for the company to try and cut through the noise currently in the cryptocurrency world. Bitcoin and other cryptocurrencies like ethereum have seen huge rallies this year, thanks to […]

Dimon Called Bitcoin a Fraud but JPMorgan Is Citing Prices

JPMorgan Chase & Co.’s chief executive famously panned bitcoin. His bank’s clients apparently aren’t ready to dismiss it as a “fraud.” The Wall Street firm’s widely followed morning markets note highlights the spot price for the cryptocurrency. There it sits, right below a rundown of commodities and above the 10-year Treasury yield — hardly fringe […]

JPMorgan calls Bitcoin ‘fraud’ only for use by criminals and North Koreans

File Photo Bitcoin is little more than a “fraud” which will eventually blow up in the faces of traders, according to JPMorgan Chase CEO Jamie Dimon. Speaking to attendees at a banking conference in New York this week, the executive blasted the cryptocurrency industry, saying it “isn’t going to work.” “If you were in Venezuela […]

JPMorgan quant guru says cryptocurrencies similar to pyramid schemes

JPMorgan quant guru Marko Kolanovic says cryptocurrencies have “some parallels to fraudulent pyramid schemes.” Reuters/Fabrizio Bensch JPMorgan’s global head of quantitative strategy has joined his boss, CEO Jamie Dimon, in the growing legion of anti-cryptocurrency crusaders. In a client note on Wednesday, Marko Kolanovic said that cryptocurrencies as a whole have “some parallels to fraudulent […]

Bitcoin is a ‘fraud worse than tulip bulbs’ says JPMorgan CEO Jamie Dimon

Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan, said on Tuesday. Speaking at a bank investor conference in New York, Dimon said, “The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying […]

Bitcoin and Ethereum slide after JPMorgan Chase boss slams cryptocurrencies as “fraud”

JPMorgan Chase chief executive Jamie Dimon slammed cryptocurrencies as a “fraud” last night, pushing the already slipping value of Bitcoin down another notch. Bitcoin was down almost four per cent today at $3,985.03 (£2,994.49), while Ethereum dropped 4.81 per cent to $279.55. Dimon said he would fire an employee who traded in cryptocurrencies for being […]

Chinese (Simplified)EnglishJapaneseKorean