Great article by CCN, completely copy and paste system :)
JP Morgan Launches Fake Cryptocurrency, Coinbase Releases Bitcoin SV Hostages and Coinmama Exposes User Data: This Week in Crypto
This week, JP Morgan Chase launched a blockchain-based IOU system that definitely isn’t a cryptocurrency. Waves Platform and Coinbase both released any Bitcoin SV they were previously holding. Two public pension plans invested in blockchain technology. And let’s not forget, Coinmama, an alternative to Coinbase for easy acquisition of cryptocurrency, suffered a breach.
JP MORGAN LAUNCHES JPM COIN
Our top story this week in crypto has to be JP Morgan Chase’s entrance into the blockchain technology sector. The story is particularly interesting due to JP Morgan CEO Jamie Dimon’s years-long stance on cryptocurrency. (In case you were unaware, he’s called it a “fraud” and eventually vowed “not to talk about it anymore.”)
America’s largest bank has rolled out an internal product to reduce the friction in its movement of over $6 trillion per day. The platform lacks all of the properties of a traditional blockchain – it’s more of a tokenized distributed ledger with censorship and centralized governance.
This reporter sounded off on the subject and wondered about the implications for Ripple Labs. Joseph Young wondered the same. Ripple CEO Brad Garlinghouse addressed such concerns later in the week.
Article was written by- HomeCryptoJP Morgan Launches Fake Cryptocurrency, Coinbase Releases Bitcoin SV Hostages and Coinmama Exposes User Data: This Week in Crypto
Cryptocurrency, JP Morgan, Jamie DimonJP Morgan's development of a bank 'cryptocurrency' for corporate payments made headlines this week. | Source: REUTERS/Dylan Martinez/File PhotoJP Morgan Launches Fake Cryptocurrency, Coinbase Releases Bitcoin SV Hostages and Coinmama Exposes User Data: This Week in Crypto P. H. Madore 17/02/2019 Crypto, News
This week, JP Morgan Chase launched a blockchain-based IOU system that definitely isn’t a cryptocurrency. Waves Platform and Coinbase both released any Bitcoin SV they were previously holding. Two public pension plans invested in blockchain technology. And let’s not forget, Coinmama, an alternative to Coinbase for easy acquisition of cryptocurrency, suffered a breach.
Not much to speak of on the market front, this week. We consistently find the Bitcoin price somewhere between $3500 and $3700, no matter where you look, besides some esoteric perhaps unsavory markets with low volume. In other news, however, it was a rich week.
JP MORGAN LAUNCHES JPM COIN
Our top story this week in crypto has to be JP Morgan Chase’s entrance into the blockchain technology sector. The story is particularly interesting due to JP Morgan CEO Jamie Dimon’s years-long stance on cryptocurrency. (In case you were unaware, he’s called it a “fraud” and eventually vowed “not to talk about it anymore.”)
JP Morgan Blockchain Fintech
JPMorgan’s new token, labeled a ‘cryptocurrency’ by many, will be used for payments. Source: Shutterstock.
America’s largest bank has rolled out an internal product to reduce the friction in its movement of over $6 trillion per day. The platform lacks all of the properties of a traditional blockchain – it’s more of a tokenized distributed ledger with censorship and centralized governance.
This reporter sounded off on the subject and wondered about the implications for Ripple Labs. Joseph Young wondered the same. Ripple CEO Brad Garlinghouse addressed such concerns later in the week.
CCN news story.