Bitcoin Network Hashrate Peaks Again in August, According to JPMorgan
The Bitcoin network's hashrate surged to unprecedented levels last month, marking significant gains for U.S.-listed miners.
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The Bitcoin network's hashrate surged to unprecedented levels last month, marking significant gains for U.S.-listed miners.
JPMorgan's findings indicate that Bitcoin's drop in volatility has positioned it as undervalued against gold.
State Street has initiated custody services for tokenized assets, beginning with a significant commercial paper issuance by OCBC.
JPMorgan reports that ether is seeing increased investment through ETFs and corporate treasury allocations, potentially boosting its market position against Bitcoin.
The Bitcoin network's hashrate has increased by 4%, marking a pivotal moment for U.S. mining businesses that contribute significantly to the global network.
The rise of ether outpaced bitcoin, contributing significantly to a 14% increase in the total crypto market cap last month, according to JPMorgan.
JPMorgan believes the S&P 500 will experience a significant rise in the next year, driven by strong corporate earnings and other key factors.
JPMorgan's report highlights the ongoing challenges faced by DeFi, with total value locked still falling short of previous highs.
JPMorgan reports that many U.S.-listed bitcoin miners achieved their highest revenues since the last halving, outperforming bitcoin itself in July.
The new partnership between JPMorgan Chase and Coinbase aims to make cryptocurrency funding easier for U.S. consumers by allowing Chase cardholders to directly fund their Coinbase accounts.
Tyler Winklevoss claims JPMorgan paused banking negotiations with Gemini after his critical comments on the bank's stance against open banking.
JPMorgan Chase is poised to begin lending against cryptocurrency assets like Bitcoin and Ethereum, a significant move for the largest American bank.
JPMorgan and Citigroup are advancing their stablecoin plans as the demand for digital payment options rises.
During a recent earnings call, Jamie Dimon, CEO of JPMorgan, signaled the bank's intent to engage more deeply with stablecoins, despite previously expressing skepticism about their necessity.
Analysts at JPMorgan believe that CoreWeave's buyout of Core Scientific sets a new valuation benchmark for bitcoin mining companies, although they caution it may be a unique event.
JPMorgan's analysts predict a more cautious outlook for the stablecoin market, anticipating growth to $500 billion by 2028, significantly less than some optimistic forecasts.
JPMorgan reports a decline in Bitcoin's monthly average network hashrate due to miner reductions in response to a recent heatwave.
JPMorgan's analysts have started coverage on Circle, the stablecoin issuer, assigning it an underweight rating and setting a target price of $80 as the market cap appears inflated post-IPO.
The introduction of JPMD allows institutional clients of JPMorgan to transfer funds seamlessly on a public blockchain.
The cryptocurrency market remains resilient despite geopolitical tensions, with Bitcoin nearing its all-time high following positive news from JPMorgan and announcements surrounding upcoming exchange-traded funds.
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