The initial coin offering (ICO) has emerged as a corporate financing trend just as volatile as many of the cryptocurrencies themselves. Earlier this year, CoinDesk data revealed more money was raised via ICO in the first quarter of 2018 than in the entirety of 2017, totaling $6.3 billion raised in those first three months. However, Autonomous […]
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75 more banks have joined JPMorgan’s cross-border payment platform powered by its own blockchain. JPMorgan has expanded its blockchain payment platform to over 75 multinational banks. The goal of the participants’ combined efforts is to fight off competition from outside of the banking sector, Financial Times reports September 25. Speaking to the publication, analyst Jason […]
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U.S. banks may be shuttering branches in an effort to cut costs, but JPMorgan Chase is employing a different strategy, aiming to open up more physical storefronts. CNBC, citing an interview JPMorgan Chase Chief Executive Jamie Dimon had with Jim Cramer on Squawk Alley, reported the company is gearing up to open 50 new branches […]
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