Earlier on Tuesday, Dimon warned about further declines in trading revenue for the banking giant. Free Account Login Click here to access your premium account. Idea of Warren presidency frightens investors at conference: ‘She’s not my candidate of choice’. Boredom Is The Enemy?
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JPMorgan Chase chief executive Jamie Dimon went on a tirade last week in a conference in New York, where he condemned Bitcoin and threatened to fire any employee who will trade the cryptocurrency. XBT shares, also known as exchange-traded notes ETNsare commonly used by mainstream investors and financial management firms to invest in Bitcoin through regulated channels in the public stock market. The bigger picture, however, is that JPMorgan has been playing both sides, acting as a broker dealer on one side while talking trash on the other—a role it has been doing for years. After all, the banking dipp was among the chief architects of the global financial crisis, which paved the way to the rise of cryptocurrencies. Does this mean that heads will start rolling at JPMorgan? Or will Dimon honor his word and fire himself? Your move, sir.
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JP Morgan CEO Jamie Dimon made headlines last week for his harsh words on cryptocurrencies, and he saved special vitriol for bitcoin in particular. Of the largest digital currency in the world, the banking boss said the entire enterprise was a «fraud» and suggested he would fire any employee who was caught trading a digital currency because that employee would be «stupid» for doing so. Now, Bitcoin. The information comes via public records of Nordnet trading logs, which indicate that Morgan Stanley bought about 3 million euro worth of the shares. JP Morgan waited until China’s regulatory advance against bitcoin and Dimon’s own harsh words to find a time at which the price of bitcoin dipped before buying XBT shares on September
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JPMorgan Chase chief executive Jamie Dimon went on a tirade last week in a conference in New York, where he condemned Bitcoin and threatened to fire any employee who will jp morgan ceo bitcoin fraud buy dip the cryptocurrency.
XBT shares, also known as exchange-traded notes ETNsare commonly used by mainstream investors and financial management firms to invest in Bitcoin through regulated channels in the public stock market. The bigger picture, however, is that JPMorgan has been playing both sides, acting as a broker dealer on one side while talking trash on the other—a role it has been doing for years. After all, the banking giant was among the chief architects of the global financial crisis, which paved the way to the rise of cryptocurrencies.
Does this mean that heads will start rolling at JPMorgan? Or will Dimon honor his word and fire himself? Your move, sir. The island is currently deserted, and when the storms finally pass, the cost norgan restoring Barbuda to some level of normalcy will be staggering.
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VIDEO Membership is Free What are you waiting for? Looking for? Related Tags. If you have any questions feel free to call us at ZING or email us at vipaccounts benzinga. Blockchain is the technology behind bitcoin. Trending Recent. Even Dimon’s own bank, JPMorgan, has reportedly begun a trial project using blockchain as it tries to cut trading costs. Delivering Alpha. In an appearance at a separate conference earlier in the day, Dimon said bitcoin mania is reminiscent of the tulip bulb craze in the 17th century. Bitcoin has already soared percent this year. Someone is going to get killed,» Dimon said. Thank cel for subscribing!
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