JPMorgan CEO Jamie Dimon: Bitcoin is a fraud |
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JPMorgan Chase CEO Jamie Dimon has doubled down on his anti-bitcoin stance, emphasizing that the crypto is a fraud with no future as a currency. "It's a Ponzi scheme," the executive stressed. However, despite his strong opinion about bitcoin, JPMorgan is an authorized participant for Blackrock's spot bitcoin exchange-traded fund (ETF). Read More |
Join the Bitcoin.com News Telegram channel for the latest crypto news updates, sent straight to your phone! | SBF agrees to settlement, aids legal action against celebrities
In a significant turn of events, former FTX CEO Sam Bankman-Fried has agreed to a settlement with investors, providing crucial cooperation in ongoing lawsuits against high-profile celebrities. The settlement, pending court approval, could mark a pivotal moment in the extensive legal battles following the crypto exchange's colossal collapse. |
Confiscation of Russian assets in the US to supercharge de-dollarization Analysts are pondering the effects of the approval of the Rebuilding Economic Prosperity and Opportunity (REPO) Act by the U.S. House. The execution of seizures for over $6 billion of Russian assets held in U.S. institutions would "supercharge" the de-dollarization efforts of several nations. |
93 blocks, $71 million in fees: Bitcoin mining revenue booms
Since the halving, miners have successfully extracted 93 blocks, accumulating a significant 1,087.99 bitcoins valued at approximately $71.04 million solely from transaction fees. As of 2:00 p.m. EDT on Saturday, the current metrics indicate a high-priority transaction cost of 492 satoshis per virtual byte (sat/vB), equivalent to $44.83 per transfer. |
Democracy fails without cryptocurrency
Corbin Fraser, CEO of Bitcoin.com, serves up a spicy take on crypto's importance to the institutions that, in many cases, are attempting to diminish it. Amidst a decline in traditional democratic structures and financial systems, cryptocurrencies emerge as a revitalizing force, offering a new form of accountability and transparency that could potentially restore public institutions. |
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