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JPMorgan Warns: Private Blockchain Networks Present Bigger Bitcoin Threat Than Strategy Sales
While Strategy’s bitcoin liquidations have created concern among certain market participants, JPMorgan’s research team believes Bitcoin supporters should focus their attention elsewhere. According to a client briefing authored by managing director Nikolaos Panigirtzoglou and his team, the genuine danger emerges from established financial institutions constructing blockchain infrastructure that operates independently of open networks such as Bitcoin and Ethereum. Should tokenization initiatives, payment systems, and settlement operations transition to closed, permission-based platforms, public blockchain networks ... (full story)
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From moneycheck.com | 8 hr ago
A $100 million Bitcoin-secured municipal bond proposal faced rejection from New Hampshire authorities following Wednesday’s divided council vote. The 3-2 outcome terminated a financing initiative that proponents described as a groundbreaking municipal bond collateralized by digital currency. New Hampshire had promoted the arrangement as a method to draw ...
