Bitcoin Terrifies Banks: Hypocritical JP Morgan is Blacklisting Crypto Firms

The cryptocurrency revolution is here, and traditional banks are terrified. JP Morgan is the perfect example. First, the bank’s boss Jamie Dimon labelled bitcoin a “fraud” and promised to fire any employees caught trading crypto. Now, the bank is blacklisting cryptocurrency startups and refusing to open checking accounts.  Per a Bloomberg report, JP Morgan still refuses to bank cryptocurrency businesses. The Wall Street giant even shut down the account of Kraken – one of the world’s largest and most-secure cryptocurrency exchanges. Paypal locked up all the money I had for 6 months, almost lost my business/apartment. BofA killed @Krakenfx's payroll

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China banned 23 million people last year from buying plane/train tickets because their social credit scores were too low. That is just the start. Now tell me again the “benefits” of Facebook or JP Morgan coin over bitcoin. Do they really outweigh that dystopian future?

China banned 23 million people last year from buying plane/train tickets because their social credit scores were too low. That is just the start. Now tell me again the "benefits" of Facebook or JP Morgan coin over bitcoin. Do they really outweigh that dystopian future? submitted by /u/Smilinmong
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Bitcoin – The Currency of the Internet

JP Morgan Launches Fake Cryptocurrency, Coinbase Releases Bitcoin SV Hostages and Coinmama Exposes User Data: This Week in Crypto

This week, JP Morgan Chase launched a blockchain-based IOU system that definitely isn’t a cryptocurrency. Waves Platform and Coinbase both released any Bitcoin SV they were previously holding. Two public pension plans invested in blockchain technology. And let’s not forget, Coinmama, an alternative to Coinbase for easy acquisition of cryptocurrency, suffered a breach. Not much to speak of on the market front, this week. We consistently find the Bitcoin price somewhere between $ 3500 and $ 3700, no matter where you look, besides some esoteric perhaps unsavory markets with low volume. In other news, however, it was a rich week. JP Morgan

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