The 2023 Sir Paul Curran award for academic journalism goes to Barbara Sahakian 
FxWirePro- Gold Daily Outlook 
FxWirePro- Gold Daily Outlook 
Billionaire Mark Cuban Urges SEC to Emulate Japan's Crypto Strategy Amid Regulatory Challenges 
Hong Kong Bitcoin and Ether ETFs Experience Highest Net Outflows Since Launch 
US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first 
El Salvador Launches $360M Bitcoin Treasury Monitoring Site 
El Salvador Mined Nearly 474 Bitcoins, Adding to State Crypto Holdings Over 3 Years 
FxWirePro- Gold Daily Outlook 
FxWirePro- BTCUSD Daily Outlook 
The reputed investment bank, JP Morgan Chase & Co. has been offering us a mixed bag of opinions, at times, wavering opinions on crypto-space.
We say this because, right from the Chief Mr. Jamie Dimon’s U-turn from his critic statement back in 2018, “cryptocurrency as a fraud, terming digital currencies as a novelty and worth nothing" to his confession after JP Morgan’s keenness of investment into blockchain and crypto-currencies. Furthermore, JP Morgan Analysts, say that the value of crypto remains unproven.
But for now, Dimon has made his remarks that JPM Coin, the company’s newly launched cryptocurrency likely to get customer adoption, reported in CNBC interview very recently. Wherein, he reportedly stated that “JPM Coin could be internal, could be commercial, it could one day be a consumer.” The coin would purportedly find its use for retail payments, he answered during a Q&A session.
With an objective of improvising settlement efficiency, the renowned investment banking firm made their announcement that they intend to unveil own cryptocurrency, initially within three of its operations, namely, international settlements by major corporations, helping speed up transactions that currently take a day or longer using extant options such as SWIFT.
Overall, innovative moves of this sort, are most likely to provides on-and off-chain information to some of the most innovative FinTech and Smart Contracts platforms within the global blockchain ecosystem.
We have already witnessed the huge R&D costs in FinTech initiatives in the recent past, innovations taking place in the blockchain and cryptocurrency space that would most likely encompass the various gamut of business dimensions.
Currency Strength Index: FxWirePro's hourly BTC is at -110 (bearish), hourly USD spot index is inching towards -56 levels (bearish), while articulating at 05:49 GMT.
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
