Cryptocurrency
Why JP Morgan’s Blockchain Patent Application Is Not That Surprising @cointelegraph
As reported at CoinTelegraph, “JP Morgan once again caused a bit of an upheaval within cryptocurrency circles last week – this time with the publication of their peer-to-peer (P2P) payments network patent application based on distributed ledger technology, like blockchain. “Some crypto enthusiasts branded the move as ‘hypocrisy to the extreme.’ The criticism is not unfounded but perhaps not […]
As reported at CoinTelegraph, “JP Morgan once again caused a bit of an upheaval within cryptocurrency circles last week – this time with the publication of their peer-to-peer (P2P) payments network patent application based on distributed ledger technology, like blockchain.
“Some crypto enthusiasts branded the move as ‘hypocrisy to the extreme.’ The criticism is not unfounded but perhaps not accurate. The bank, and to a greater extent, their outspoken CEO, Jamie Dimon, has been responsible for a lot of fear, uncertainty and doubt surrounding Bitcoin and cryptocurrencies as a whole…
“…However, JP Morgan’s strategies didn’t always seem to line up with the opinions of their CEO, as in Nov. 2017 the bank announced that they planned to trade Bitcoin futures on the Chicago Mercantile Exchange (CME). In December 2017, a strategist at the bank had gone so far as to say that regulated futures markets give Bitcoin legitimacy.”