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johnd • May 13, 2020, 1:06 pm EDT

JPMorgan Bank Takes on Coinbase, Gemini as Its First Crypto Exchange Customers

Its CEO once called bitcoin a fraud but now U.S. banking giant JPMorgan Chase has added its first cryptocurrency exchange customers, CoinDesk has confirmed. Sources told The Wall Street Journal Tuesday the bank signed two popular regulated exchanges – Coinbase and Gemini, the latter founded by Tyler and Cameron Winklevoss. The fact that both exchanges are regulated in the U.S. was apparently a factor in the approvals, which still took a lengthy period of vetting, the WSJ said. Accounts for the two crypto firms were approved last month, the sources said, and are now in use. The move by JPMorgan is notable in a

3 minutes

johnd • Feb 27, 2019, 9:55 pm EST

Apple Co-Founder Steve Wozniak on Bitcoin: ‘We’ve Seen Massive Value Creation’

Apple co-founder Steve Wozniak declared that he thinks “we’ve seen massive value creation” when asked about Bitcoin’s (BTC) potential in an interview with Bloomberg published on Feb. 26. When Bloomberg asked Wozniak if he still expects Bitcoin to become the world’s currency in the future — an idea he expressed in June last year — after “we’ve seen massive value destruction in Bitcoin,” the entrepreneur countered: “I’m not sure I can buy that we’ve seen massive value destruction, I think we’ve seen massive value creation.” Apple’s co-founder then argued that oftentimes psychology drives market dips, with fear in part determining price. Wozniak clarified that he was not

1 minute

johnd • Feb 21, 2019, 10:03 pm EST

Nasdaq Begins Listing Brave New Coin’s Bitcoin and Ethereum Price Indices

Nasdaq had begun live listings of two cryptocurrency price indices from United States blockchainand crypto market data company Brave New Coin (BNC), the latter confirmed in a post on Feb. 26. Originally announced earlier this month, the integration of BNC’s Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX) will open up new data for clients using Nasdaq’s Global Index Data Service (GIDS). The move comes ahead of BNC’s plans to launch a separate index tracking the price of Ripple (XRP). The token launched on U.S. cryptocurrency exchange Coinbase Pro Tuesday, but it remains unknown whether Nasdaq will host the index, which is in the final stages of development. “The LX [Liquid Index] program was born out of a

1 minute

johnd • Nov 12, 2018, 1:52 am EST

Blockchain Technology Meets Commercial Real Estate & It’s Great!

The real estate industry has seen significant growth since the recession. With market prices predicted to increase along with millennial demand in 2019, the industry is welcoming blockchain technology. Although the market is improving, it is still plagued by issues that make the investment process less convenient than it should be. Major Drawbacks Of Cryptocurrency & Real Estate Real estate investment has three major drawbacks: the presence of intermediaries, the lack of affordable funding options, and fraud. Agents take up to six percent of the total payment made on a real estate asset. This means that intermediary fees would account for over $23,000 for a

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