JP Morgan Chase’s president, Jamie Dimon, has no doubts about the cryptocurrency industry. “If I were the government, I would close it,” one of the most important bankers said this Wednesday in an appearance at the meeting of the Senate banking committee. This was news this week, along with other important events in the Bitcoin world.
JPMorgan CEO Jamie Dimon expressed in a hearing before the Senate Banking Committee that cryptocurrencies would be banned if he were in government. In itself, reproaching the fact that Bitcoin can avoid government controls.
Specifically, according to Dimon, the only true use case for cryptocurrencies is in criminals, drug traffickers, money laundering and tax evasion: “I have always been deeply opposed to cryptocurrencies. “If I were the government, I would close these operations.”
Bitcoin Spot ETF Has New Application from a Swiss Firm
Swiss asset manager Pando Asset AG has taken an important step to strengthen its position in the United States by entering the competition for the long-awaited Bitcoin ETF. Sure enough, on December 5, Pando filed Form 19b-4 with the Chicago Options Exchange (CBOE), becoming one of 13 issuers seeking to secure a place in the US market for a Bitcoin ETF.
However, Pando already has experience in cryptocurrency exchange-traded products (ETPs) and this foray represents its first significant entry into the US Bitcoin ETF market.
Samson Mow: Bitcoin Increases Its Presence in Central America
Samson Mow, CEO of JAN3.com, highlights the transcendental reasons for the adoption of Bitcoin and the strength that this crypto is taking in Central America.
Particularly, Samson Mow mentions that in Central America there has been an increasing presence throughout the region, we identified that it is being used in a notable way in each country, with a significant boost in adoption.
Likewise, he assures that the vision is that banks reach a point where they have to decide if they want to serve their clients, and for that, the option is Bitcoin: «Bitcoin, it is a savings technology, it is a way to save and generate wealth over time. People must overcome the volatility of Bitcoin, since, if we see this crypto over time, it always goes up.
Brazil’s Itaú Unibanco to Launch Bitcoin Trading
Itaú Unibanco announced for its clients the introduction of Bitcoin and Ethereum trading services. The new offer marks the institution’s foray into the flourishing crypto market in Brazil.
In this regard, Guto Antunes, director of digital assets at Itaú Unibanco, highlighted the bank’s commitment to offering innovative digital financial solutions that comply with regulations. He pointed out that future expansions of services will be in line with the evolution of Brazilian regulations on cryptocurrencies.
Bitcoin Mining: Riot Negotiated New Lot of ASICs for $290 Million
Riot Blockchain, one of the world’s leading Bitcoin mining companies, has made its largest acquisition of ASIC equipment to date, in a strategic move to strengthen its mining capacity. The purchase consists of an impressive number of 66,560 units of the most advanced Whatsminer model, manufactured by the renowned Chinese company MicroBT.
Riot Blockchain has acquired 3,724 units of the M56S++ model, 14,778 units of the M66 model, and 48,058 units of the M66S model. This significant investment in state-of-the-art ASIC equipment positions Riot Blockchain in a strong approach to exploiting Bitcoin mining opportunities, and further reinforces its position as one of the leading companies in the sector.
By Audy Castaneda
