Jamie Dimon says he’s not going to talk about bitcoin anymore

  • During Citigroup’s earnings call Thursday, Chief Financial Officer John Gerspach said, “We think the area of cryptocurrency and digital currency is an area worthy of exploration.”
  • Gerspach said Citi’s labs in Tel Aviv and Dublin are looking at digital currencies, cryptocurrencies and blockchain.
  • Another digital currency, ethereum, traded mildly higher near $307.
  • Many digital currency enthusiasts see ethereum as the foundation for the next generation of the internet.
  • The bank then became a founding member of the Enterprise Ethereum Alliance in February, and partnered with the developers of privacy-focused digital currency Zcash in May.

After the CEO of JPMorgan Chase caused a stir by calling bitcoin a ‘fraud’ last month, he says he’s not commenting any further.
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Jamie Dimon says he’s not going to talk about bitcoin anymore

  • Jamie Dimon, chairman and CEO of JPMorgan Chase, said he is no longer going to discuss bitcoin after his comments last month that the digital currency was a “fraud” caused quite the stir on Wall Street and Silicon Valley.
  • But I’m not going to talk about bitcoin anymore,” said Dimon in response to a question during the bank’s third-quarter earnings call with media on Thursday.
  • JPMorgan CFO Marianne Lake then took over the conversation.
  • “We are open-minded for digital currencies that are properly controlled and regulated,” she said, also discussing the potential merits of blockchain, the technology behind bitcoin.

After the CEO of JPMorgan Chase caused a stir by calling bitcoin a ‘fraud’ last month, he says he’s not commenting any further.
Continue reading “Jamie Dimon says he’s not going to talk about bitcoin anymore”

Why do we need them? How are they used? ⋆ Epeak . Independent news and blogs

  • The LENDER and BORROWER are both fun, social people with a large network of friends, and they have a mutual friend, the LOAN GUARANTOR.
  • Since the LOAN GUARANTOR knows both the BORROWER and the LENDER, the LOAN GUARANTOR can facilitate trust between these two strangers.
  • In return for providing this service to facilitate trust between these two strangers, the LOAN GUARANTOR will receive a fee to be paid out in TRST, as shown below.
  • If for whatever unfortunate reason, the BORROWER cannot make further payments, then the LENDER will request those funds from the LOAN GUARANTOR (and the LOAN GUARANTOR will probably regret being friends with the untrustworthy BORROWER!)
  • Since the LOAN GUARANTOR is taking on risk in setting up the BORROWER with the LENDER, the BORROWER pays TRST to the LOAN GUARANTOR for facilitating the loan and helping enable a lower interest rate than they would otherwise have paid when borrowing from an alternative lender.

Trustcoins are used to facilitate trust on the WeTrust network. Many of the things we take for granted in the modern world, like loans, savings, and insura
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Crowdfunding & Blockchain: A Perfect Match?

  • Blockchain crowdfunding works by allowing startups to create their own digital currencies and sell them.
  • Stratis Raised Over $100 000 Through Blockchain Crowdfunding
  • Stratis turned to blockchain-based crowdfunding to acquire the much needed funds.
  • The cryptocurrency tokens will be accounted for and kept track of by the blockchain, which makes it immutable and impossible to forge.
  • It also has the potential to boost new blockchain platforms, because it will give the blockchain community a new way to fund its own projects.

In the last few years, sites like Kickstarter and Indiegogo have revolutionized the world for startups. Ideas that didn’t have mainstream business …
Continue reading “Crowdfunding & Blockchain: A Perfect Match?”

Crowdfunding & Blockchain: A Perfect Match?

  • Blockchain crowdfunding works by allowing startups to create their own digital currencies and sell them.
  • Stratis Raised Over $100 000 Through Blockchain Crowdfunding
  • Stratis turned to blockchain-based crowdfunding to acquire the much needed funds.
  • The cryptocurrency tokens will be accounted for and kept track of by the blockchain, which makes it immutable and impossible to forge.
  • It also has the potential to boost new blockchain platforms, because it will give the blockchain community a new way to fund its own projects.

In the last few years, sites like Kickstarter and Indiegogo have revolutionized the world for startups. Ideas that didn’t have mainstream business …
Continue reading “Crowdfunding & Blockchain: A Perfect Match?”

Crowdfunding & Blockchain: A Perfect Match?

#Crowdfunding & #Blockchain: A Perfect Match?  via @HuffPostBlog #fintech #in

  • Blockchain crowdfunding works by allowing startups to create their own digital currencies and sell them.
  • Stratis Raised Over $100 000 Through Blockchain Crowdfunding
  • Stratis turned to blockchain-based crowdfunding to acquire the much needed funds.
  • The cryptocurrency tokens will be accounted for and kept track of by the blockchain, which makes it immutable and impossible to forge.
  • It also has the potential to boost new blockchain platforms, because it will give the blockchain community a new way to fund its own projects.

In the last few years, sites like Kickstarter and Indiegogo have revolutionized the world for startups. Ideas that didn’t have mainstream business …
Continue reading “Crowdfunding & Blockchain: A Perfect Match?”