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JPMorgan Says The Real Threat To Bitcoin Isn't Strategy (MSTR), It's Private Blockchains
JPMorgan Says The Real Threat To Bitcoin Isn't Strategy (MSTR), It's Private Blockchains
Authored by Micah Zimmerman via BitcoinMagazine.com,
Strategy’s recent bitcoin sales and its formal monetization program have rattled investors, but JPMorgan analysts see a bigger danger to bitcoin: blockchain adoption that routes around public networks and the tokens that ride on them.
In a report led by managing director Nikolaos Panigirtzoglou (ZH: available here for professional subscribers), the bank argued that Strategy is not the main structural threat to the asset.
The company sold 3,588 bitcoin for $216 million in early July to cover...
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Times Square Stabbing Victim Was Bank of America VP
Times Square Stabbing Victim Was Bank of America VP
One of the two victims of a Midtown Manhattan stabbing yesterday has been identified as a vice president in Bank of America's global corporate and investment bank division, the WSJ reports.
Erin Piacenti, 32, of New Jersey was in Times Square when an unhinged woman armed with knives attacked both Piacenti and a man shortly after 4:20 p.m.
"We are shocked and deeply saddened by the tragic loss of our colleague. She was a valued teammate who will be greatly missed," a BofA spokesman said. "Our...
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