JPMorgan


Finance

Crypto Bank Silvergate Downgraded by JPMorgan, Canaccord Amid Doubts of Firm’s Solvency

JPMorgan cut its rating on the stock to "underweight" from "neutral" and withdrew its price target.

(CoinDesk)

Finance

Coinbase Off to a Good Start in 2023: JPMorgan

One of the biggest contributors to revenue in the fourth quarter was from Coinbase’s relationship with Circle, the report said.

(Chesnot/Getty Images)

Finance

FTX Seeks to Reclaim $400M From a JPMorgan Account: New York Times

The funds, invested in a hedge fund called Modulo, were converted into cash and are sitting in an interest-bearing account.

FTX CEO John J. Ray III (house.gov)

Finance

Crypto Bank Silvergate Downgraded by Wall Street Banks, Moody's After Q4 Results, Shares Slump

J,P. Morgan cut its rating on the stock to neutral from overweight and slashed its price target to $14 from $30.

Casa central de Silvergate Bank. (CoinDesk)

Videos

Centralized Crypto Exchanges Will Still Remain Dominant After FTX Collapse, JPMorgan Says

Centralized exchanges will continue to control the majority of global digital-asset trading volumes, JPMorgan said, contradicting some crypto-native experts who expect a shift toward decentralized platforms in the wake of FTX's collapse. The comments come from the bank's strategists in a note to clients. "The Hash" panel discusses the outlook for decentralized exchanges (DEXs) and DeFi adoption.

CoinDesk placeholder image

Videos

BlockFi Files for Bankruptcy; Kraken Settles US Treasury Case Over Serving Customers in Iran

Crypto lender BlockFi files for bankruptcy protection as FTX contagion spreads. JPMorgan says crypto market regulatory initiatives that are already underway are likely to be accelerated. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) reaches a settlement with crypto exchange Kraken over serving customers in Iran.

Recent Videos

Markets

Centralized Crypto Exchanges Will Remain Dominant Despite FTX Collapse: JPMorgan

DeFi protocols rely heavily on centralized exchanges to be able to function and it would likely take a long time until price discovery shifts from centralized to decentralized exchanges, the bank's analysts said.

(Shutterstock)

Finance

Singapore Bank DBS Completes Fixed Income Trade on JPMorgan's Blockchain Network Onyx

DBS said it is the first Asian bank to use Onyx network to complete a trade.

Singapore road (Shutterstock)

Markets

Wall Street Banks Seen as Unlikely Saviors as Crypto Firms Struggle

Blockchain true believers say the nascent industry represents an existential threat to traditional finance. But now's probably not the time for Wall Street to gobble up ailing crypto firms, analysts say.

Wall Street sign with American flags and New York Stock Exchange in Manhattan, New York City, USA. (Getty Images)

Finance

JPMorgan Sees Wave of Crypto Deleveraging From FTX’s Woes

JPMorgan strategists said bitcoin's production cost could be an indicator of the market bottom.

(Shutterstock)