Jamie Dimon, the CEO of JP Morgan, recently affirmed his longstanding stance against Bitcoin. In a recent interview with Bloomberg TV, the CEO of JP Morgan labeled the leading digital asset a "fraud" and a "Ponzi Scheme." According to Dimon, Bitcoin lacks the fundamental qualities necessary to function as a currency. Dimon Labels Bitcoin a "Ponzi Scheme" "Crypto, if you mean crypto like Bitcoin, I've always said it's a fraud. If they think there is a currency, there's no hope for it. It's a Ponzi scheme, it's a public decentralized," Dimon mentioned. He dismissed it as a speculative asset, emp ..read more

The online trading brokerage firm Tastytrade has partnered with Unusual Whales, an options trading platform. Through this partnership, users of the Unusual Whales' Options Flow platform will gain direct access to options trading using Tastytrade's accounts. Scott Sheridan, the CEO of Tastytrade, mentioned: "We're huge fans of Unusual Whales and the transparency they bring to the markets, enabling traders to make informed decisions." The integration of Tastytrade's tools on the Unusual Whales platform aims to provide traders with trading insights. We’re huge fans of Unusual Whales and the tran ..read more

ceτi AI (http://taoceti.ai/) a leader in decentralized artificial intelligence infrastructure, is pleased to announce its acquisition of Canadian company Big Energy Investments Inc., a firm specializing in strategic investment in high-performance computing infrastructure. This acquisition marks a significant first step in ceτi AI’s strategy to advance the development and accessibility of AI technologies. Strategic Acquisition and Enhanced Capabilities Following the acquisition, Big Energy Investments, Ltd. has reached agreements in principle to acquire advanced high-performance computing (HPC ..read more

Coinbase's former Vice President for Business Development, International, and Listings, Nana Murugesan, has joined the Ethereum scaling solution firm Matter Labs as the President. Murugesan will lead the firm's operations, encompassing marketing, communication, finance, and legal. According to LinkedIn, he previously served as the Managing Director of International Markets and Mobile Partnerships at Snap for more than three years. Besides that, Murugesan dedicated nine years to working as the Vice President and General Manager for Services and New Business at Samsung Electronics. Blockchain Sc ..read more

The clinking of coins and the satisfying rustle of bills might soon be relegated to the realm of nostalgia. Central banks around the world are whispering sweet nothings to blockchain technology, exploring the creation of Central Bank Digital Currencies (CBDCs). The latest tango is between the Massachusetts Institute of Technology's Digital Currency Initiative (DCI) and the Deutsche Bundesbank, Germany's central bank. Their focus? Designing a digital euro that prioritizes both security and, more interestingly, user privacy. This newfound love affair between central banks and cryptography might ..read more

Move over, plastic fantastic. The era of opaque interest rates, surprise fees, and the ever-present threat of late payment penalties might be nearing its end. At least, that's the promise Klarna is making with its US debut of the Klarna Card, a new financial instrument aiming to be the smarter, smoother way to shop and pay. Klarna, the Swedish buy-now-pay-later (BNPL) giant, has already carved a niche for itself in the payments industry. Their model lets consumers split purchases into installments, typically interest-free, offering a more controlled alternative to traditional credit cards. Now ..read more

The gears of global finance, once oiled by cryptic acronyms and proprietary protocols, are undergoing a quiet revolution. On April 8th, 2024, a seemingly mundane transaction – a payment between two major banks – marked a turning point for the CHIPS network, the world's largest private-sector high-value clearing and settlement system. This wasn't just another transfer of funds; it was the first payment conducted using the ISO 20022 messaging format, a standardized language poised to streamline the symphony of international finance. For decades, the CHIPS network, the dominant player in US dolla ..read more

The website of The Funded Trader, a prop trading platform operated by Easton Consulting Technologies, is back online after a 21-day blackout. Although the website's features appear unchanged, some aspects seem to be non-operational. A Theme or an Operational Website? A peculiar label reading “theme activated successfully” appears at the top of the prop trading platform’s website. Most platform features, including challenge details, appear to be functional at first glance. However, the payments page for purchasing challenges looks unusual, and crypto payment functionality is unavailable. The we ..read more

We are standing on the cusp of a new era when digital and traditional finance converge to create social and economic transformation. Where barriers to entry once stood, technological advancements are making it possible for anyone to access wealth-creation opportunities that were once the domain of the elite few. At the forefront of this transformation is the emergence of tokens, specifically those that represent real-world assets, such as stocks, bonds, real estate and others. By reimagining ownership and trading of assets, tokenization is unlocking doors to financial opportunities previously ..read more

B2Broker, as a leading Prime of Prime liquidity provider, is committed to perfection. They constantly study their clients' requests and empower them with the most satisfactory tools and solutions to attract more end-users and secure a competitive advantage in the market. In this regard, they have increased the leverage to 1:200 for major FX pairs, thereby lowering margin requirements from 1% to 0.5%. Furthermore, they have raised leverage up to 1:50 for BTCUSD and ETHUSD, decreasing margin requirements from 10% to 2% and improving clients' market position significantly. More Details About B2Br ..read more