Items tagged with NYSE:JPM

Bitcoin continues to reach new heights, climbing to nearly $40,000 at the time of this writing (after reaching $20,000 a month ago), and who knows where it will stop. In the short term, maybe it reaches $50,000 by the end of the month. Looking down the road, however, at least one investment bank believes it could eventually climb to a staggering $146,000, putting it in contention with gold. In a sense, Bitcoin has become the modern day gold rush, only instead of mining dirt, savvy users dig it up on PCs and specialized ASIC hardware. Some choose to mine other forms of cryptocurrency and trade it for Bitcoin, while others simply invest real currency into the ballooning digital currency. And they... Read more...
There has been a run on cryptocurrencies in the past year or so, especially when it comes to Bitcoin and Ethereum. The latter has especially been popular, with enthusiasts quickly gobbling up high-performance NVIDIA and AMD GPUs to bolster their mining efforts. While many enthusiasts and even some well-respected financial institutions have flocked to cryptocurrencies, one high-profile executive takes the stance of "Just Say No", to quote the late Nancy Reagan. JPMorgan Chase CEO Jamie Dimon isn't just down on cryptocurrencies like Bitcoin; he thinks that they are a fraud, plain and simple. JPMorgan Chase CEO Jamie Dimon (source: Steve Jurveston/flickr) Speaking at the Delivering Alpha conference... Read more...
Just last week, we reported that Chase announced plans to remove its mobile app from the Windows Phone Store. With global Windows Phone market share hovering below three percent and users showing little interest in its app, Chase saw little reason to devote resources to the platform. "We are focusing our support on the products our customers use the most,” said a representative for Chase at the time.  Today, Bank of America has similar sentiments, as it too is abandoning its Windows Mobile app. Bank of America today posted a notice on the landing page for its Windows Phone app that states:  In early March 2015, we’ll no longer support this app for this device. We’re sorry for the inconvenience.... Read more...
Add JPMorgan Chase to the list, alongside Home Depot and AT&T, of businesses hacked this year. On Thursday, the company announced that a security breach had compromised 76 million households and 7 million small businesses. The announcement follows in the wake of a disclosed attack back in August when hackers penetrated seven of the country’s largest banks. The hackers were able to gain access to their computer systems using sophisticated malware and were able to manipulate records. Image Credit: Joe Mabel In a securities filing, JPMorgan Chase stated that the hackers gained access to user contact information that included names, addresses, phone numbers, and email addresses. However,... Read more...