Ex-JPMorgan trader turned bitcoin fund manager: ‘There’s trench warfare going on between analogue and digital financial services’

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Danny Masters ran JPMorgan’s New York energy trading business in the 1990s before setting up his own commodities fund. His firm pivoted to bitcoin in 2014 and he has been embracing crypto over since. Masters believes executives from traditional financial firms are trying to fight off crypto by dismissing it as a Ponzi scheme or […]

We spoke with the creator of the Chase Sapphire Reserve about millennials, myths, and the other challenges she’ll confront in her next job at JPMorgan (JPM)

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While many banks are shuttering branches, JPMorgan Chase is expanding. It has tapped Pam Codispoti, the creator of the Chase Sapphire Reserve, to manage its network of bank branches. Business Insider recently spoke with Codispoti about her plans for JPMorgan’s network of brick-and-mortar banks. She discussed dispelling millennial myths, a new type of bank branch […]

Ethereum founder warns cryptocurrencies ‘could drop to near zero at any time’

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The 24-year-old founder of Ethereum has warned that cryptocurrencies could drop at any time. He added that nobody should invest more than they can afford to lose. Ethereum is the second most valuable cryptocurrency. The founder of Ethereum, the second most valuable cryptocurrency in the world, has warned that cryptocurrencies “could drop to near zero at […]

Even Congress is jumping on the blockchain bandwagon — and IBM is urging it on (IBM)

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At a congressional hearing this week, Jerry Cuomo, IBM’s vice president of blockchain technology, testified about the potential governmental uses for blockchains. Identification documents, payment systems, and systems that trace the movement of foods and drugs, are among the most promising initial governmental applications for the technology, Cuomo said. Lawmakers were wowed by how much […]

Visa takes the blame for a glitch that hit Coinbase cryptocurrency investors with thousands of dollars in ‘ghost’ charges

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Coinbase users reported seeing thousands of dollars in repeat ghost charges after buying cryptocurrencies from the popular exchange. One person reported having 50 repeat charges — totalling $67,000 — hit their credit card at once. Coinbase confirmed that it had an issue with its credit card processor and would “ensure” that its customers got their […]