Five months after dubbing Bitcoin a fraud for criminals, Jamie Dimon has backed
down to saying he regrets the comment and today, JP Morgan has issued a 71
pager that walks you through cryptocurrencies.
Morgan Stanley has something to say about the omni layer as well – timing of the
peak inline with the SPXs P/E peak…etc.
What is more important than their redundant insights is that they’ve actually
started to talk about it publicly. Be the analogy for crypto be a vuvuzela vis-a-
vis traditional bells & whistles… who cares? the asset class is clearly here to say.
We find it particularly ironic that the comments are coming after two of
the slowest days over the past 2.5 months. Regulators opening up? Check.
bounce off 200DMA? Check.. low hanging arb’s capitalized on? Check.
The reversal of the Kimchi premium
has dovetailed with an explosion in
KOSDAQ turnover. To put this in
context, the figure has increased
nearly threefold versus the average
before the pop and in absolute terms,
is on par with value printed in the
KOSPI; the benchmark index for Korea.
Volatility is still a mouthful but
definitely off all-time highs.
Leave you with a few headlines that have had a surprisingly muted impact on the
price action. May trend be your friend…Happy Trading.
-Russia requires $1.7million capital for ICO issues. link
-Malaysia lets people decide on cryptocurrencies. link
-Thailand bans incumbent financial institutions from dipping their feet in
-Speed skater gets paid in Cryptocurrency at the Pyeongchang Winter
-Dubai issues first Crypto-Asset trading license to the nine- yr-old gold &
commodities trading co Regal RA DMCC link
Our Latest Offer
Our Latest Offer: (bid x offer):
USD/XRP: $1.00 x $1.02
USD/ETH: $835.53 x $843.53
USD/LTC: $156.47 x $158.82
USD/BTC: $8578.90 x $8728.90
Please contact us via your dedicated chat channel for any direct inquiries.
Quotations are also available in all major fiat currencies and our Altcoin offerings
are quotable in USD, BTC or ETH. You may also reach us via email
at [email protected] for further enquiries.
*All prices are subject to change.