JPMorgan CEO Jamie Dimon has warned that an economic “hurricane” is coming. “You better brace yourself,” he advised. “We just don’t know if it’s a minor one or Superstorm Sandy.” Jamie Dimon on the U.S. Economy and QT The CEO of JPMorgan & Chase, Jamie Dimon, warned about an incoming economic hurricane Wednesday at a financial conference sponsored by Alliancebernstein…
Binance Labs, the investment arm of the world’s largest cryptocurrency exchange, today announced a new half-billion dollar fund. The $500 million will be invested in Web3 projects, the exchange said in a Wednesday statement. The fund has big backers: Internet investment capital firm DST Global and global venture capital firm Breyer Capital are both involved. Binance said that the money…
In January, rapper, producer, and fashion designer Kanye West shared an Instagram image of a handwritten note that included the line, “Do not ask me to do a fucking NFT” (he added, “Ask me later”). Despite that apparent reticence, he may now have plans to enter the space, based on newly-filed trademark applications. West’s Mascotte Holdings Inc. has filed 17…
Fidelity is planning a hiring spree to add ether trading and custody services to its cryptocurrency business. “As the demand for digital assets continues to steadily grow and the marketplace evolves, we will continue to expand our hiring efforts,” a Fidelity executive explained. Fidelity Expanding Crypto Services Fidelity Investments’ digital assets subsidiary, Fidelity Digital Assets, is expanding its services. Founded…
In brief Solana was down for about four hours today after a bug blocked consensus. Network validators disabled the feature to restart the network, fix due later. Blockchain platform Solana was down this afternoon for over four hours due to a bug that stopped blockchain production. The official Solana Status page and Twitter account reported the issue just before 1…
This is an opinion editorial by Arman The Parman, a Bitcoin educator passionate about privacy and contributor to Bitcoin Magazine. What’s Wrong With Using A Regular Computer? When making bitcoin transactions, it’s ideal if your computer has no malware. Obviously. If you keep your Bitcoin seed phrase (usually 12 or 24 words) off the computer with a signing device (e.g.,…
By Paul Grewal, Chief Legal Officer A couple of weeks ago, a newly required SEC disclosure we made in our 10Q created some noise about how Coinbase holds crypto assets and what could happen in the highly unlikely event of the company’s insolvency. This led to some genuine concern among people who hold crypto assets on Coinbase. Even though customer…
In brief Pair convicted of laundering over $100,000 from sales using Bitcoin and dark web Unlicensed company manufactured hash oil and other marijuana products The Department of Justice announced the sentencing of a father and son from Monroe, Washington, to five years in prison yesterday after being charged with allegedly operating an illegal marijuana business and using Bitcoin to launder…
Bitcoin (BTC) and the wider cryptocurrency market are taking a breather after the rally on May 31. Meanwhile, most altcoins remain severely oversold, with most between 70% and 90% below their all-time highs. Total altcoin index capitalization What’s clear is that fear is everywhere and blood is in the water. Risk-on markets worldwide are suffering, but it is exactly these…
Get ready for a fundamental change in money and payments, John Williams, president and CEO of the Federal Reserve Bank of New York, told central bank officials, academics and financial industry leaders from around the world on Wednesday. Williams delivered the opening remarks at an invitation-only workshop on monetary policy implementation co-hosted by the New York Fed and Columbia University.…
