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News

JPMorgan Highlights Positive Aspect Of Current Crypto Crisis

November 12, 2022 - Around 2 mins mins to read
According to JPMorgan experts, the current cryptocurrency crisis may actually advance the sector by two steps.
JPMorgan Highlights Positive Aspect Of Current Crypto Crisis

The largest bank in the United States thinks that regulators may hasten cryptocurrency regulations as a result of the abrupt collapse of the FTX coin enterprise. JPMorgan claims that the creation of a thorough regulatory framework would be beneficial for institutional adoption.

The bank also pointed out that decentralized protocols, not centralized sector participants, were to blame for any recent bitcoin crashes. This might be good news for the decentralized finance (DeFi) industry.

According to a recent forecast by JPMorgan, the market would be unable to handle a cascade of margin calls and the price of Bitcoin would drop to $13,000 as a result of FTX contagion.

Earlier today, the largest cryptocurrency’s price continued to decline as a result of the troubled exchange declaring bankruptcy. Changpeng Zhao, CEO of Binance, recently stated that the present cryptocurrency crisis would worsen and compared it to the financial collapse of 2008.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

JPMorgan Highlights Positive Aspect Of Current Crypto Crisis

According to JPMorgan experts, the current cryptocurrency crisis may actually advance the sector by two steps.
JPMorgan Highlights Positive Aspect Of Current Crypto Crisis

The largest bank in the United States thinks that regulators may hasten cryptocurrency regulations as a result of the abrupt collapse of the FTX coin enterprise. JPMorgan claims that the creation of a thorough regulatory framework would be beneficial for institutional adoption.

The bank also pointed out that decentralized protocols, not centralized sector participants, were to blame for any recent bitcoin crashes. This might be good news for the decentralized finance (DeFi) industry.

According to a recent forecast by JPMorgan, the market would be unable to handle a cascade of margin calls and the price of Bitcoin would drop to $13,000 as a result of FTX contagion.

Earlier today, the largest cryptocurrency’s price continued to decline as a result of the troubled exchange declaring bankruptcy. Changpeng Zhao, CEO of Binance, recently stated that the present cryptocurrency crisis would worsen and compared it to the financial collapse of 2008.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

CoinCu News

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