Biggest U.S. And European Banks Oppose Basel’s New Strict Bitcoin Rules

JPMorgan, Deutsche Bank, and other world-leading banks have opposed new banking regulations that would force them to match one dollar in capital for every dollar of bitcoin they hold. Banks are traditionally required by Basel rules to assign risk weightings to different kinds of assets they own. The resulting outcome,...
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Bitcoin (BTC) Price Prediction: BTC/USD Holds above $42k as Market Forces Reach Equilibrium

Bitcoin Trades Marginally Above $42k as Market Forces Reach Equilibrium. For the past week, BTC/USD has been fluctuating between $40,000 and $45,000 price levels as market forces reach equilibrium. The current fluctuation has been centered in the middle of price range. That is, BTC’s price is consolidating in the middle of price range above the $42,000 support. The price action is characterized by small body candlesticks called Doji and Spinning tops.
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“Not So Unique” Ether Should Be Valued At $1,500 — Says JPMorgan Strategist, Citing Strong Competition From Cardano, Solana

“Not So Unique” Ether Should Be Valued At $1,500 — Says JPMorgan Strategist, Citing Threats From Cardano, Solana. The uniqueness of Ethereum has come into question by the investment banking giant, JPMorgan, with smart contracts being activated on other blockchains. ETH killers are not leaving any stone unturned in their...

Why corporate social responsibility is BS

In recent years, “corporate social responsibility” has been viewed by some as the answer to the multiple failings of capitalism. Chief executives have responded to all sorts of problems – worsening climate change, widening inequality, soaring healthcare costs and so on – by promising their corporations will lead the way to solutions because they’re committed to being “socially responsible”.

JPMorgan Warns Big Investors Are Suddenly Dumping Bitcoin For Ethereum Amid A $150 Billion Crypto Price Crash

Bitcoin and cryptocurrency prices have fallen sharply through September, proving bears right. The bitcoin price is more than 15% lower than where it began the month, with ethereum and other major cryptocurrencies falling even further. This week, China sent bitcoin tumbling further after it declared all cryptocurrency-related financial activities illegal—wiping $150 billion worth of value from the combined crypto market.

Ethereum price gets back to $3K as institutional investors pile into ETH futures

Ethereum's native token Ether (ETH) staged a rebound on Sept. 26 following a massive decline earlier this week that saw its prices plunging to as low as $2,651 on Coinbase. The ETH/USD exchange rate rose 3.63% to hit an intraday high of $3,030. The upside move amounted to a 14.3% upside retracement from the pair's week-to-date low at $2,651, showing that traders attempted to retain their bullish bias despite potential headwinds ahead.

Which Industries is the Blockchain Revolutionizing Today?

Blockchain technology isn’t merely the public ledger that keeps track of your Bitcoin balance. It’s a versatile framework for handling data, encryption, and security that can be applied to many different industries. Organizations around the world are starting to see this and have their top people working on new applications every day.

Delayed Kakao Pay IPO feared to decrease profits for Samsung Securities

A Samsung Securities branch in Seoul is seen in this 2018 file photo. Yonhap. Samsung Securities could see a decrease in profits due to another delay in the planned initial public offering (IPO) of Kakao Pay amid strengthened regulations on financial services platforms. The Korean brokerage is the lead underwriter of the IPO along with JPMorgan and Goldman Sachs.

5 Best Short Squeeze Stocks To Buy Now

In this article, we discuss the 5 best short squeeze stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 15 Best Short Squeeze Stocks To Buy Now. 5. Nikola Corporation (NASDAQ:NKLA) Number of Hedge Fund Holders: 12. Short Interest: 35.91%

US initial jobless claims rise unexpectedly; 4-week average claims hit 18-month low

On Thursday, the US Labour Department data had unveiled that the number of Americans filing for first-time state unemployment benefits rose unexpectedly last week, mostly led by an upsurge in jobless claims in the US state of California and Virginia, however, a four-week average of claims had dwindled to a soothing 18-month low, illustrating an underlying resilience in US labour market with a steady recovery on-board.

JPMorgan Chase Takes Aim At Fintech's Growing Dominance With Neobank Launch

Earlier this week, JPMorgan Chase & Co (NYSE: JPM) announced its foray into neobanking with a digital bank launch in the U.K. What Happened: With the new digital banking platform, customers can open current accounts that receive 1% cash back on purchases with issued debit cards. “We’re offering people in...

How are Ethereum Futures coping with the market-wide crash

The effect of the People’s Bank of China’s latest statement on crypto-services prohibition in mainland China was as expected. The crypto-market came tumbling down as Bitcoin fell by over 5% after the news and Ethereum lost more than 7% of its value in just two hours. All was going well...