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“# CME Bitcoin futures open interest hits 8-month high, greater than when BTC price was at $65K ” Open interest (OI) for Bitcoin (BTC) Futures trading on the Chicago Mercantile Exchange (CME) inched toward a new record high Thursday as BTC reclaimed its five-month high of $58,550 on BitStamp. The total number of outstanding derivatives…
“# Billionaires are backing Bitcoin over gold … but some say Ethereum is even better ” Following JPMorgan CEO Jamie Dimon’s recent comments that Bitcoin is worthless, two well known billionaires have leapt to its defense — although both of them say Ether has some even more desirable properties. During an interview with CNBC’s Squawk…
“# Institutions buying Bitcoin rather than gold as inflation cranks up: JPMorgan ” Bitcoin (BTC) has led a 35% rally this week by soaring far above the $50,000 resistance level and restoring a $1 trillion market capitalization to the asset. According to a note shared by JPMorgan with clients on Thursday, the recent increase in…
“#JPMorgan boss Jamie Dimon defends $31.5 million yearly salary” JPMorgan boss Jamie Dimon defended his eye-popping $31.5 million salary as the result of the country’s “free market” which “everyone should applaud” during an interview about the bank’s multibillion-dollar pledge to combat racial inequality. The company’s board paid Dimon the massive pay package for 2020, and…
“# JPMorgan CEO says Bitcoin price could rise 10x but still won’t buy it ” In an online interview with Times of India, Jamie Dimon, CEO of investment banking behemoth JPMorgan Chase, slandered Bitcoin’s popular appeal, despite stating that the leading digital asset could increase 10x in a matter of five years. A historically staunch…
“# Bitcoin ‘heavy breakout’ fractal suggests BTC price can hit $250-$350K in 2021 ” Bitcoin (BTC) has the potential to push its prices to between $250,000 and $350,000 by the end of 2021, a long-standing fractal suggests. First spotted by pseudonymous analyst Bit Harington, the bullish setup drew its inspirations from Bitcoin’s secular bull runs…
“#JPMorgan to launch digital bank Chase in Britain” JPMorgan is set to launch its big assault on British high street banks and online lenders from next week, with the launch of its long-planned digital retail bank Chase. The venture – JPMorgan’s first overseas retail bank – is set to launch its smartphone app initially offering current accounts on…
“# JPMorgan sounds alarm over ‘frothy’ crypto markets after August boom ” JPMorgan analysts have warned clients that cryptocurrency markets are looking frothy after the August trading boom saw spot market trading volumes once again top $1 trillion. In a note to clients reported by Markets Insider, the JPMorgan analysts suggested valuations in crypto markets,…
“# OnlyFans reverses decision to ban porn after assurances from ‘banking partners’ ” OnlyFans has made a sharp u-turn on its decision to ban sexually explicit content after it received a backlash from creators and some new assurances from at least one bank suffering bad PR. The platform became wildly popular by connecting online sex…
“#OnlyFans founder Tim Stokely says banks forced him to ban porn” The founder of OnlyFans blames big banks like JPMorgan Chase for forcing him to ban sexually explicit content — and says the company will “absolutely” bring back porn if Wall Street becomes more accepting. “The change in policy, we had no choice — the…