News list for "org"
According to Bloomberg, JPMorgan Chase & Co is considering offering cryptocurrency trading services to its institutional clients as the world's largest banks deepen their involvement in the cryptocurrency asset class. JPMorgan is evaluating what products and services its markets unit can offer to expand its presence in the cryptocurrency space, according to a person familiar with the matter. These products and services could include spot and derivatives trading, the person said.
JPMorgan economist Ayako Fujita said in a note that the Bank of Japan may continue to raise interest rates to ease concerns about the weakness of the yen. Bank of Japan Governor Kazuo Ueda said at a press conference on Friday that some committee members have expressed concerns about the impact of the weaker yen on future inflation. Many reporters have questioned whether the continued depreciation of the yen is because the Bank of Japan has delayed policy adjustments. JPMorgan expects the Bank of...
Yuxuan Tang, global market strategist at JPMorgan Private Bank, said all eyes now turn to the press conference of Kazuo Ueda, governor of the Bank of Japan. We will be closely watching his remarks on real interest rates, which are still deeply negative, and what this means for the future policy path. His outlook for the upcoming "Chun Doo" wage negotiations is also crucial. The outcome of Chun Doo will largely determine the timing of the next rate hike move. The Bank of Japan is taking a cautiou...
JPMorgan analysts reiterated that they do not expect the stablecoin market cap to reach the trillion-dollar level, with a total market cap expected to be around $500 billion to $600 billion by 2028. They said that demand for stablecoins remains primarily driven by cryptocurrency trading activity, while growing use in the payments space may not materially increase supply due to growing competition from tokenized bank deposits and central bank digital currencies.
JPMorgan Chase has deployed its digital deposit token, JPM Coin, to Coinbase's Base blockchain, marking the Wall Street giant's first large-scale access to the public chain ecosystem. JPM Coin is different from stablecoins and is a digital mapping of bank deposits with interest, which can only be transferred between whitelisted users. The move responds to institutional customers' demand for using bank deposit products on the chain, and is currently mainly used for collateral and margin payments ...
On December 18, according to Reuters, Coinbase announced the appointment of former British Chancellor of the Exchequer George Osborne as chairperson of its internal advisory board, aiming to expand its influence in governments outside the United States. Osborne, who served as chancellor of the exchequer from 2010 to 2016 after the Brexit referendum, is currently chairperson of the British Museum and a partner at investment bank Robey Warshaw LLP. On Tuesday, artificial intelligence company OpenA...
12月18日消息，据路透社报道，Coinbase 宣布任命英国前财政大臣 George Osborne 担任其内部顾问委员会主席，旨在扩大其在美国以外政府的影响力。 Osborne 曾于 2010 年至 2016 年脱欧公投后担任英国财政大臣，目前还担任大英博物馆主席、投资银行 Robey Warshaw LLP 合伙人等多个职务。本周二，人工智能公司 OpenAI 也宣布聘请 Osborne 协助其海外数据中心扩张。 Coinbase 首席政...
Many economists and market participants expect the BoJ to raise interest rates at a rate of roughly every six months. JPMorgan economist Ayako Fujita falls into this camp, but notes that the exact timing will also depend on the government's macroeconomic stance. "Markets are likely to remain skeptical that the BoJ will be able to move forward with monetary policy normalisation without friction with the government. Ultimately, the pattern of yen depreciation supporting BoJ rate hikes is likely to...
Oracle Inc. (ORCL. N) 's aggressive artificial intelligence spending plans have put its bonds in the spotlight as Wall Street looks for cracks in the artificial intelligence boom. JPMorgan credit analyst Erica Spear expects the pressure on the company's bonds to continue over the next year. Last week, Oracle's share price fell the most in nearly 11 months, and its credit risk indicator also climbed to a 16-year high. The company's earnings report showed that closing...
According to the Wall Street Journal, JPMorgan Chase has officially launched its first tokenized money market fund, marking an important step for the banking giant in the application of blockchain technology. The Private Offering Fund will run on the Ethereum blockchain and is open to qualified investors. JPMorgan will inject $100 million in equity funds into the fund as launch capital.
