JPMorgan struggles to “see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” Commenting on El Salvador’s bitcoinization, JPMorgan did not rule out that the country’s move to make the cryptocurrency legal tender may be “the beginning of a broader trend among similarly situated, smaller nations.”
If you weren’t sure the stance for Nvidia CEO Jensen Huang when it comes to Ethereum’s upcoming shift to proof-of-stake, no need to question it further. Huang is clearly optimistic about Ethereum’s future. In an online-only Computex event, he fielded a variety of questions ranging anywhere from his thoughts on the metaverse to global semiconductor shortages.
Crypto was invented by people to remove people from the equation. The issues plaguing the financial world―whether centralized finance, insurance, lending or other assets — all come back to human error. For instance, why can’t a dispensary put cash in a bank? Because of bad human judgment. These rules and regulations make zero practical sense.
Digital assets manager CoinShares says investors are pouring millions of dollars into Ethereum (ETH), XRP, Cardano (ADA) and other crypto assets. In a weekly report from June 7th, CoinShares breaks down where investor money is flowing, showing that Ethereum (ETH) is the altcoin of choice for buyers, capturing inflows of $33 million.