12 Oct '17, 1pm

JPMorgan Unexpectedly Reverses On Bitcoin, Says "Open-Minded To Regulated Use"

JPMorgan Unexpectedly Reverses On Bitcoin, Says "Open-Minded To Regulated Use"

And here comes Citi, realizing it desperately needs to get on the bandwagon now before it's too late: CITI CFO SAYS CRYPTO AND DIGITAL CURRENCIES 'WORTHY OF EXPLORATION' * * * It's probably not a coincidence that on the day bitcoin hit new all time highs above $5,200, and just over a week after the WSJ reported that Goldman is planning a bitcoin trading operation , JPMorgan seems to be changing it tune. With Bitcoin soaring nearly 100% from the bottom of the sharp selloff following Jamie Dimon's slam of cryptocurrencies as "frauds" exactly one month ago today , bitcoin was one of the more popular topics on today's earnings call, where JPMorgan CFO Marianne Lake confirmed what everyone already knew, namely that the technology underlying bitcoin - blockchain - is something the bank is investing in, and is "very optimistic" about the underlying technology of distributed ledge...

Full article: http://www.zerohedge.com/news/2017-10-12/jpmorgan-unexpec...

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cnbc.com 12 Oct '17, 12pm

Jamie Dimon , chairman and CEO of JPMorgan Chase , said he is no longer going to discuss bitcoin after his comments last m...

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via @qz

via @qz

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