Record stablecoin market share points to crypto upside: JPMorgan
Despite the FUD around stablecoins, the percentage of stablecoins in the total market cap has been growing recently, hitting new all-time highs.
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Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more
Top DeFi tokens broke out of the month-long bearish pressure to trade in the green and the total value locked in DeFi protocols saw a minor recovery amid continuous price…
Snow Crash’s Metaverse was filled with ads in 1992, and the real one will be too
“Just making sh*t up” — Neal Stevenson’s science fiction novel, Snow Crash, long foretold the rise of a techno-marketing dystopia.
Crypto Biz: JPMorgan enters the Metaverse, Marshall Islands legalizes DAOs, Feb. 10–16
In other news, Fireblocks has acquired First Digital in a deal worth $100 million and the New York Stock Exchange is pursuing NFT trading.
JPMorgan unveils research on quantum resistant blockchain network
“QKD is the only solution that has been mathematically proven to defend against a potential quantum computing-based attack,” JPMorgan emphasized in its announcement.
JPMorgan estimates ‘fair value’ of Bitcoin at $38K
JPMorgan’s long-term theoretical target for Bitcoin stands at $150,000, up from $146,000 forecasted in January 2021.
Central bank of Bahrain trials JPMorgan blockchain and token
Bahrain’s central bank initially announced the JPM Coin trial in May 2021.
CME Bitcoin futures open interest hits 8-month high, greater than when BTC price was at $65K
Open Interest surged to $3.22 billion Thursday to levels not seen since February.
JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge
Global investment bank JPMorgan says institutional investors are returning to bitcoin, seeing the cryptocurrency as a better hedge than gold. The firm’s analysts describe three key drivers boosting the price…
Ethereum price gets back to $3K as institutional investors pile into ETH futures
Ethereum prices recovered on Sunday amid a market-wide upside correction while receiving an additional upside boost from a bullish JPMorgan & Chase report.