JPMorgan to takeover First Republic bank

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Gemini denies reports of banking relationship ending with JPMorgan

Ad Crypto exchange Gemini has denied reports that its banking relationship with U.S. banking giant JPMorgan has ended. In a March 8 tweet, Gemini said: “Despite reporting to the contrary, Gemini’s banking relationship remains intact with JPMorgan.” Coindesk previously reported that JPMorgan had ended its relationship with the Winklevoss twins-led crypto exchange. The media outlet…

72% of institutional traders have no plans to trade crypto, JPMorgan survey

A survey of 835 institutional traders from 60 different global locations revealed that 72% have no plans for crypto trading in 2023, according to data released by JPMorgan. According to the survey, most traders had no interest in crypto trading because of market volatility. 46% of the traders said volatile markets’ would be their greatest…

JPMorgan executes first DeFi transaction on Polygon

JPMorgan has executed the first live trade on public blockchain as part of the Monetary Authority of Singapore (MAS) Project Guardian. The banking giant completed the transaction using DeFi, Tokenized Deposits, and Verifiable Credentials. Project Guardian is an initiative of MAS with financial institutions such as JP Morgan, Marketnode, and DBS Bank Ltd. Its focus…

Bitcoin production cost decline could be a negative for price, JPMorgan says

JPMorgan Chase & Co. strategists said that Bitcoin’s (BTC) cost of production is down by almost half to $13,000 presently from $24,000 at the start of June,  Bloomberg News reported July 14, The Nikolaos Panigirtzoglou-led strategists wrote that this decline in production cost is primarily due to the reduction in electricity use. The Cambridge Bitcoin…

JPMorgan loses 3 executives to crypto industry jobs

Three executives of JPMorgan, Eric Wragge, Samir Shah, and Puja Samuel, left the financial giant last week for jobs in the crypto industry. JP Morgan, the most powerful bank in the world, the bank that influences governments around the world, lost three Executives to the crypto industry this week. Why would they leave? Because crypto…

Singapore to target DeFi potentials with new JPMorgan partnership

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The Monetary Authority of Singapore (MAS) has launched a digital asset pilot program to examine the potential of asset tokenization and decentralized finance tagged “Project Guardian.” Project Guardian is a collaboration between the regulator and several key financial players who will…

First ETP to combine gold, Bitcoin to trade on Swiss bourse SIX

Crypto-linked exchange-traded products (ETP) are the rage in the industry, and 21Shares has taken that a notch higher by launching a Bitcoin and gold ETP, which is the first combined ETP and will be trading on the SIX Swiss Exchange, according to a Financial Times report. The ETP is listed with the BOLD ticker and…

Top Israel bank to start offering crypto trading services

Top Israeli bank, Bank Leumi, is set to become the first bank in the country to enable crypto trading services through its digital platform, Pepper Invest. This is coming after the traditional banking institution entered into a partnership with blockchain firm Paxos.  Bank Leumi’s Pepper Invest crypto trading services According to a Reuters report, users…