Posts Tagged: JPMorgan Chase

IMF Chief: Cryptocurrencies Will Give Banks ‘a Run for Their Money’

Christine Lagarde Cryptocurrencies

The head of the International Monetary Fund (IMF) has said cryptocurrencies may eventually give traditional banking systems ‘a run for their money.’ Speaking at a Bank of England conference at the end of September, Christine Lagarde, the managing director of the IMF, said that ‘it may not be wise to dismiss virtual currencies.’ She added, however,… Read more »

Novogratz: Cryptocurrency Market Will be ‘Largest Bubble of Our Lifetimes’


A former hedge fund manager at Fortress Investment Group is, reportedly, looking to create a $500 million hedge fund focusing on cryptocurrency and blockchain. Mike Novogratz, the former manager at Fortress Investment Group, is investing $150 million of his own money. An additional $350 million is expected to be raised by January, 2018, through outside… Read more »

Japan’s FSA Regulator to Monitor Bitcoin Exchanges from October

Bitcoin Exchanges

Japan’s Financial Services Agency (FSA) is to begin monitoring Japanese bitcoin exchanges from October. According to the Japan Times, the move is to ensure that digital currency exchanges have the correct internal systems, such as protecting customer assets, in place. If not, on-site inspections will be carried out. In April, a revised payment services law… Read more »