Goldman Sachs, JPMorgan, UBS Are Trading an ETP Tied to Polkadot’s Crypto

Traditional finance is going further down the crypto rabbit hole than you might think. Goldman Sachs, ICAP, JPMorgan, and UBS have bought the first exchange-traded product (ETP) that offers exposure to Polkadot’s DOT cryptocurrency for clients, according to Bloomberg terminal data reviewed by CoinDesk. These banks and brokerages purchased small amounts of shares in Switzerland-based […]

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Tesla’s Bitcoin Buy May Not Trigger Wave of Corporate Demand, Says JPMorgan

While crypto traders foresee major corporates copying Tesla’s decision to invest in bitcoin, investment bank JPMorgan suggests otherwise. “The main issue with the idea that mainstream corporate treasurers will follow the example of Tesla is the volatility of bitcoin,” JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note reported by Bloomberg on Wednesday. Tesla, […]

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Ethereum-Based ConsenSys Quorum Partners with China’s BSN Blockchain

New York-based Ethereum hub ConsenSys has partnered with the Blockchain-based Service Network (BSN) to bring its enterprise ledger Quorum to the China’s nationwide blockchain project. As part of the partnership, announced Monday, ConsenSys Quorum, an open-source protocol layer that serves as a foundation for businesses to build Ethereum-based applications, will be available in about 80 […]

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