News
11 February 2020

JPMorgan in talks to merge blockchain unit Quorum with startup ConsenSys

Reuters reported today that JP Morgan is in discussions to merge its blockchain unit Quorum with Consensys. The deal is likely to be announced within the next six months according to sources. JPMorgan has been considering spinning off Quorum for around two years.

Why it matters: - Since April of last year, Consensys has sought up to $200 million in funding to move beyond being self-funded by founder Joe Lubin. A deal with JP Morgan would likely involve Quorum merging into Consensys with JP Morgan injecting some capital into the combined entity. - The news comes just a week after Consensys revealed its second restructuring, laying off 14% of its employees and simplifying its business into software and investment arms

Former Wall Street veteran and blockchain legislative advocate Caitlin Long announced today she will be working on building Avanti Bank, a special purpose depository institution to provide a range of custody, payment, and securities services to the digital asset industry. Blockstream will be acting ...
Newsletter
24 February 2020
3 coins to keep an eye on | Issue #70
After a violent struggle through a nearly 11% range, Bitcoin's weekly candle from last week closed a mere 0.6% above where it started. A 6.4% drop from its open has bulls arguing for a spring setup, while bears may be hoping for a retest before a decline. The altcoin marketcap enjoyed a small climb from its weekly start at...
In a press release issued yesterday, Sveriges Riksbank, the central bank of Sweden, announced it has begun testing its digital currency e-krona. The e-krona, meant to be a complement to cash, will allow users to make payments, deposits, and withdrawals through a mobile app. It will involve a two-tie...

3 coins to keep an eye on 👀