Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
JPMorgan Chase
3 Years After Calling Bitcoin A Fraud, JPMorgan Releases Its Own Crypto, Says BTC Could Go 3x
If you can’t beat them, join them. Or, in this case, create your own crypto. In 2017, just before the crypto boom, which saw bitcoin trading at an all-time high above $20,000, Jamie Dimon, the chairman and CEO of JPMorgan Chase, described Bitcoin with some of the most derogatory words ever used on the cryptocurrency. Bitcoin Is A Fraud At the time, Dimon blasted bitcoin, calling it a “fraud” that would get “someone killed.” He said the cryptocurrency was “worse…
5 years ago
JPMorgan Chase Agrees To Pay Customers Affected By Overcharging on Crypto Fees
Two years ago, three individuals filed a lawsuit against Chase Bank NA, the sixth-largest bank globally and a subsidiary of banking giant JPMorgan Chase & Co. The lawsuit was filed because Brady Tucker, Ryan Hilton, and Stanton Smith were charged huge fees for purchasing cryptocurrency, with the allegations that the bank didn't warn them in advance regarding a change in its policy. The allegations put forward in the lawsuit noted that the bank's customers who used their credit cards to…
5 years ago