Breaking Crypto News

JP MORGAN HAS BEEN ONE OF THE BIGGEST BUYERS OF BITCOIN ON THE 25% INTRA DAY DIP FROM $3750 TO $2950.

Posted by Andrew Laron on

We just found out that JP Morgan has been buying Bitcoin (and lots of it) after its CEO trashed Bitcoin this week. Dimon said that Bitcoin is a fraud that will ultimately blow up, and was only fit for use by drug dealers, murderers and people living in places such as North Korea. He also said that he would fire any trader that was buying bitcoin. Yet we just found that JP Morgan has been one of the biggest buyers of Bitcoin on the 25% Intra day dip from $3750 to $2950 And here is the proof from our friend...

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CHINA IS BANNING CRYPTO EXCHANGES from operating in the country.

Posted by Andrew Laron on

 What the Chinese government can't control is the use of VPN's to circumvent the use of foreign exchanges, the huge crypto mining operations in China, and the untraceable nature of crypto which will lead users to circumvent these controls. It's a losing battle for China (they just don't know it yet) The countries that embrace Bitcoin and Crypto will be leading centers of innovation and governance. The rest will fall behind. China will regret this decision as it had a chance to be a leading center for the crypto movement. Roger Ver said it well" “Google, Gmail, YouTube, Facebook, Twitter, Wikipedia,...

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LEAKED: JP MORGAN RESEARCH REPORT ON CRYPTO CURRENCIES.

Posted by Andrew Laron on

After Jamie Dimon called Bitcoin a “scam”, We got our hands on the JPM research report on Crypto Currencies and the research department is echoing the sentiments of the boss. Safe play for them given what the boss is saying and not at all surprising that one of the establishment players do not like the potential of crypto and blockchain unseating them as guardians of the financial system. Here are the highlights : From JP Morgan:Are Cryptocurrencies a New Asset Class or a Pyramid Scheme? What are Cryptocurrencies? Recently, a number of sell-side market strategies and researchers opined on the...

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