JPMorgan CEO Jamie Dimon Slams Crypto Tokens as 'Decentralized Ponzi Schemes

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Cryptocurrency is a hot topic in the news today. JPMorgan Chase CEO Jamie Dimon called crypto tokens like Bitcoin "decentralized Ponzi schemes," while Coinbase tested a group to speculate on crypto. Goldman Sachs CEO David Solomon has asked staffers to help with his DJ account, and Nasdaq entered the crypto business with a focus on security.

Outline

JPMorgan Chase CEO Jamie Dimon Slams Crypto Tokens as 'Decentralized Ponzi Schemes'
Coinbase Tested Group To Speculate on Crypto
JPMorgan CEO Jamie Dimon slammed crypto as dangerous
Staffers say Goldman Sachs CEO David Solomon has asked them to help with his DJ account
JPMorgan Chase CEO Calls Crypto Tokens Like Bitcoin 'Decentralized Ponzi Schemes'
Opera Crypto Browser Announces Plans to Integrate Elrond
Nasdaq Enters Crypto Business With Focus On Security
We Present The Only Possible Case For Buying Bitcoin
A Look At The Lightning Network
It Will Be Enough, Even If Too Much
First Mover Americas: Bitcoin Up 3% After Wild Ride on 'Fed Rate Day'
Bitcoin Steady as BOE Hikes Rates by 50 Basis Points; 'Reverse Currency Wars' Gain Steam
First Mover Asia: Cryptos Yo-Yo After Hawkish Rate Hike; Ether’s Price Is Down, Regulators May Soon Be Circling. What’s Next for Post-Merge Ethereum?
Cardano’s Vasil Upgrade Marks an Important Milestone in the Blockchain’s Evolution
As XRP Rallies, Some Traders Buy Year-End Bullish Bets in the Options Market

Jamie Dimon Slams Crypto Tokens as 'Decentralized Ponzi Schemes'

Jamie Dimon didn't mince words when a US lawmaker mentioned the executive's history of criticizing cryptocurrencies. From a report: "I'm a major skeptic on crypto tokens, which you call currency, like Bitcoin," the JPMorgan Chase chief executive officer said …

Coinbase Tested Group To Speculate on Crypto

Coinbase Global has been searching for new ways to make money. One business it flirted with was controversial: using its own money to speculate on cryptocurrencies. WSJ: Last year, Coinbase -- which operates a large cryptocurrency exchange that handles bitcoi…

JPMorgan CEO Jamie Dimon slammed crypto as dangerous

The billionaire banker argued that bitcoin and other speculative tokens don't do anything, and facilitate fraud, theft, and money laundering.

Staffers say Goldman Sachs CEO David Solomon has asked them to help with his DJ account

Insiders say they worry that Solomon is too focused on his vanity projects right now — especially as parts of the business like Marcus are struggling.

JPMorgan Chase CEO Calls Crypto Tokens Like Bitcoin 'Decentralized Ponzi Schemes'

Jamie Dimon testified at a hearing alongside other big-bank CEOs — and made pointed comments about crypto.

5 High-Risk Stocks to Avoid in September

The Fed launched its third consecutive 75-bps rate hike on Wednesday, and further rate hikes could be on the horizon. As the Fed tries to tame the raging inflation, recession...

So You Want to Compete with Steam

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The Bear Market Comes for Crypto CEOs

Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. In today’s edition, Emily Nicolle takes stock of the recent spate of crypto CEO departures:

The SPAC King Folds, Ending the Blank-Check Frenzy

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Transcript: Former CFTC Chair on How to Regulate Stablecoins Without Passing Any New Laws

Stablecoin regulation has become a hot topic, and for very good reason. For one thing, it's an extremely fast-growing space. Stablecoins are also a primary way that the crypto industry interacts with the banking system. And beyond that, as we know, crises oft…

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What Does 'To The Moon' Mean in Cryptocurrency?

Investors in crypto often use the phrase “to the moon” on social media to express their hopes for soaring valuations.

What Is the Greater Fool Theory?

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What Is a Stock Market Bubble?

Learn to detect when the stock market is in a bubble and why stock market bubbles happen. Find out how to approach stock market bubbles as a savvy investor.

Opera Crypto Browser Announces Plans to Integrate Elrond

Today, Opera Crypto Browser, the world’s first Web3-focused browser with native support for decentralized applications (dApps) and a non-custodial wallet, is announcing plans to expand its already robust suite of networks by integrating the Elrond (EGLD) bloc…

Is the GTA 6 Leak Gaming’s Biggest Theft Ever?

Following the big GTA 6 leak, we’ve assembled a list of other big leaks that came as a result of a third-party intrusion, including the release of Half-Life 2's source code and the "Nintendo Gigaleak."

Nasdaq Enters Crypto Business With Focus On Security

Bitcoin, ether custody meant as foundation for wider activities, says new digital-assets boss Auerbach

Fans who snag Aaron Judge home run balls face a choice: Cash in or take one for the team

<ol><li>Fans who snag Aaron Judge home run balls face a choice: Cash in or take one for the team Yahoo Sports </li><li>Aaron Judge now odds-on favorite to win Triple Crown as part of historic season New York Daily News </li><li>What Aaron Judge's success …

We Present The Only Possible Case For Buying Bitcoin

Take it away, Harris Kupperman. The post We Present The Only Possible Case For Buying Bitcoin appeared first on Above the Law.

A Look At The Lightning Network

The Lightning Network (a channel-based payment system that runs on top of Bitcoin) is starting to reach critical mass of liquidity and usability.

It Will Be Enough, Even If Too Much

Powell says that whatever the Fed does will be enough to push inflation to return to the target. The market responds by saying the Fed is underestimating the magnitude of the tightening.

Wall Street Breakfast: No Blinking

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.

Market Wrap: Bitcoin Holds Over $19K, Continues Wild Ride

Both bitcoin and ether saw wide swings in price over the past day. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

3 Ways Traditional Investors Can Gain Crypto Exposure

Direct investment into cryptocurrency is just one way clients of financial advisors can participate in the new asset class.

First Mover Americas: Bitcoin Up 3% After Wild Ride on 'Fed Rate Day'

The latest price moves in crypto markets in context for Sept. 22, 2022. First Mover is our daily newsletter putting the latest moves in crypto markets in context.

Bitcoin Steady as BOE Hikes Rates by 50 Basis Points; 'Reverse Currency Wars' Gain Steam

The ongoing race among central banks to lift rates and support their currencies to keep inflation under check indicates the path of least resistance for risk assets is to the downside.

First Mover Asia: Cryptos Yo-Yo After Hawkish Rate Hike; Ether’s Price Is Down, Regulators May Soon Be Circling. What’s Next for Post-Merge Ethereum?

Some Merge observers see long-term environmental benefits and price increases, although others are concerned about centralization and regulatory scrutiny; cryptocurrencies plunge after the Federal Reserve's latest interest rate hike.

Cardano’s Vasil Upgrade Marks an Important Milestone in the Blockchain’s Evolution

The chief scientist at IOG, Aggelos Kiayias, explains why Cardano has re-thought smart contracts and how it prioritizes security over speed.

As XRP Rallies, Some Traders Buy Year-End Bullish Bets in the Options Market

Investors are snapping up bullish bets in anticipation of a resolution in Ripple's ongoing legal tussle with the U.S. SEC.