For investors who are comfortable taking on a bit more risk, an investment in cryptocurrency might be appropriate; that said, for those who view it as a panacea in a world of uncertainty and historically low interest rates, a bit of caution may be warranted. It takes every cent I earn to get by and pay debt service. The company has seen its shares rise dramatically in recent quarters, on the back of rising revenues. JP Morgan’s release comes just as Bitcoin is showcasing its trademark volatility. As of writing, the world’s largest cryptocurrency is trading around $46,000 with a total market cap of more than $860 billion. The brand has grown popular with teens, who see it as an ‘ugly chic’ and retro – but have boosted sales. Days of Torrid Dogecoin Gains Erased as Musk ‘SNL’ Episode Airs, CDC Limits Reviews of Vaccinated but Infected, Spurring Concerns, Hack Knocks Out Pipeline for Third Day With Traders on Edge, Ransomware Attack Shuts Down Biggest U.S. But the worry is hard to shake in a sector that defies traditional investment analysis.The share of the largest cryptocurrency could be declining because investors are getting more comfortable with a wider array of tokens. Bitcoin per USD. The most recent quarterly reports, released last month for 1Q21, showed $460.1 million on the top line, a company record, and a 63% year-over-year gain. Notably, Tesla Inc (NASDAQ: TSLA) that holds over $1.5 billion worth of Bitcoin, is not on JPMorgan's list. Earnings, at $3.05 per share, are positive, and while down from $6.20 in Q4 they are up 238% from the year-ago quarter. The antitrust watchdog has launched an investigation into suspected monopolistic practices by Meituan, including forced exclusivity arrangements.Meituan reported a net loss for the final quarter of 2020, which prompted the three global credit-rating agencies to downgrade their outlooks. Cryptocurrency mining is notorious for using tremendous amounts of energy. After JPMorgan analysts praised bitcoin, saying that the price of the cryptocurrency could triple, JPMorgan reveals that it has set up a dedicated crypto unit and its own cryptocurrency is now being used commercially by a large tech company for the … Wang Xing posted a classical poem about book burning by the emperor during the Qin dynasty on social media platform Fanfou.com, according to the Hong Kong Economic Times. The evidence is summarized in the chart below, which plots net inflows of cash to U.S. stock funds (both open-end and exchange-traded funds) by year over the past decade. U.S. stock funds now are riding a river of new cash from investors — and that is not a bullish sign. The debt instrument allocates 20% to MicroStrategy Incorporated (NASDAQ: MSTR) and 18% to Square Inc (NYSE: SQ) – two companies that declared their Bitcoin investments early on. Before it's here, it's on the Bloomberg Terminal. A lackluster jobs report didn’t derail the markets last week. Gasoline Pipeline, Crypto Pros Are Getting Tired of $79 Billion Dogecoin Joke. China’s education ministry also issued a statement reiterating limits on after-school study programs in order to ensure that students get enough sleep.“The fines are closely related to the recent crackdown on after-school tutoring institutions, focusing on their illegal activities and potential for stirring anxiety in society,” said Ye Le, Shanghai-based analyst with China Securities. Published: 16:50 EDT, 15 February 2021 | … Bitcoin rose as much as 12% Monday morning to trade at almost $54,000, the biggest intraday gain since early February. What Happened: According to a filing with the SEC, the new product is a debt instrument titled JPMorgan’s Cryptocurrency Exposure Basket (Mar 2021), which contains an “unequally weighted” basket of reference stocks that either own cryptocurrency or operate business linked to it. Monde Nissin set a final price of 13.50 pesos per share for its IPO, according to a stock exchange filing. JPMorgan Chase & Co. is preparing to offer a Bitcoin fund to wealthy clients, the latest sign that Wall Street is warming to the largest cryptocurrency after it soared in recent months. We see low leverage as a strategic priority for the company at this time as it proves out the benefits of its fully integrated model. A sale process could kick off later this year and some logistics companies and investment funds have expressed initial interest, one of the people said.Shares in LBC Express have risen about 13% in Manila in the past year. It then soared to a 52-week high of $5.75 in February 2021. The actively managed fund will be available as soon as this summer, CoinDesk reported Monday, citing sources familiar with the plans. (To watch Pipes’ track record, click here) Overall, the Street’s take on CLF is currently split evenly down the middle. Here’s what we know about JPMorgan’s JPM Coin and what it could mean for existing cryptocurrency investors. The top line is up 33% year-over-year for 1Q21, at $861.3 million. With stats limited to investor confidence figures from the Eurozone, FOMC member chatter will also draw interest. The firms were penalized for making misleading claims about their businesses from falsifying the qualifications of teaching staff to faking user reviews, the antitrust watchdog said.Yuanfudao and Zuoyebang said they accepted the penalties and will rectify the relevant problems.The explosive growth of private education providers during the pandemic has drawn increased scrutiny over the sector. © 2021 Benzinga.com. An up-and-coming gold exploration company in Quebec may hit the jackpot in what could end up being a story even some of the most seasoned investors only ever dream of. The asset is down nearly 11% on the day and 21% on the week, as of writing. The private equity firm focuses on investments in consumer-facing businesses across China and Southeast Asia, according to its website.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. British Columbia Investment Management slashed positions in Canopy Growth, Aurora Cannabis, and Cronos Group in the first quarter, and bought up Mastercard and Visa stock. JP Morgan’s view about digital currency is very crucial for crypto adoption as JP Morgan Chase & Co is the largest bank in the US and the sixth-largest bank in the world. Too, with strong visibility into Q2 (sales forecast +60% to 70%) and 2H estimates moving up handily with solid orderbook plans to boot, we believe bears worried about the sustainability of the brand momentum will need to hibernate for another 12 months,” Murphy noted. The bitcoin price has … Furthermore, while AAWW was a clear “COVID beneficiary” we believe its increased focus on long-term contracts over the last year has fundamentally strengthened its business model and should provide greater revenue/earnings visibility going forward," Benjamin opined. JP Morgan to launch its own cryptocurrency When the international payments are tested, it will be one of the first real-world applications for a cryptocurrency in banking. The most recent quarter, 1Q21, showed $4.02 billion on the top line. Barry Silbert, a power player in the digital-asset sector, said he's betting against dogecoin and is urging investors in one of the hottest trades in 2021 to convert their doge holdings into bitcoin. The company expects business to continue strong this year, as demand for air freight is exceeding supply given the fast pace of economic reopening. The move follows a slump in the greenback on Friday after U.S. jobs data missed economists’ estimates.The yuan’s ascent comes even after the central bank tried to cap its gains by setting the daily fix at a weaker-than-expected level on Monday. (Adds traders’ comments in second to last paragraph and Maybank analyst’s comments in last paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Just a week after topping $3,000 for the first time, Ether -- the cryptocurrency that runs on the ethereum blockchain -- passed another milestone at $4,000. As can be imagined, Atlas saw business decline during the corona pandemic – but managed to weather the crisis due to the long-term nature of most of its leases. When various organizations around the world, such as the Bank for International Settlements (BIS) have reviewed the risk of cryptocurrencies, to date, they have deemed them to have minimal impact on the financial system. (See HIVE stock analysis on TipRanks) This sector is prone to bouts of extreme volatility, so investors should be cautious. Whether or not this was done as a precursor to launching more crypto-centric products, the underlying fact is that the Wall Street giant has officially made a U-turn on its previous stance on cryptocurrencies. A representative for the Araneta family declined to comment, while a representative for Crescent Point didn’t immediately respond to requests for comment.Founded in 1945 by the Araneta family as a brokerage and air cargo agent, LBC Express now provides express delivery, cargo shipping and remittance services, according to its website. Weighing All Of The Factors Looking at its TipRanks Smart Score, which is derived from 8 unique data sets, HIVE earns a 5. Sources: CoinDesk, J.P. Morgan Asset Management. JPMorgan Chase is to start trials of its “JPM Coin” cryptocurrency in conjunction with corporate clients. 2020 was the first year in which HIVE achieved profitability, and it has grown from there. The firm raised $10 billion selling shares and convertible bonds in Hong Kong last month, after burning through cash trying to expand its business.The shares, which have more than 50 buy ratings and no sell recommendations, have fallen for a record nine days. The news came just less than 24 hours after Bitcoin underwent a massively hyped “halving” upgrade. Both of the cryptocurrency exchanges are licensed. This morning, news broke that JP Morgan had filed with the SEC its intention to create a new investment product that is essentially a weighted basked of companies with cryptocurrency exposure. A Meituan spokesperson confirmed both posts and declined to comment further.Investors are jittery after business figures who appeared to criticize the government have faced consequences. In this case, we look at how JPMorgan Chase’s stance on cryptocurrency has softened in the past couple of years. Significance of this move by JP Morgan Further proving its commitment to going green, the company just acquired a massive data center in Canada with access to 50 megawatts of low-cost green power. Last month, Beijing’s market regulator fined four private education providers including GSX Techedu Inc. as well as a TAL Education Group unit for pricing violations. Bargain rates are back, at least for now, giving borrowers another chance to strike. In our opinion, Cleveland-Cliffs represents the most attractive value in the space.” These comments back up Pipes’ Buy rating, and he sets a $24 price target that implies a 56% one-year upside potential. The company mines for Ethereum and Bitcoin in Sweden, Iceland and Canada – some of the coldest regions in the world. HIVE is involved in green energy, which is a red-hot market in 2021. (To watch Murphy’s track record, click here) It’s clear that Wall Street generally agrees with the Piper Sandler take on Crocs. This has contributed to improved profitability, with HIVE going from adjusted EBITDA of -$5 million in fiscal year 2019 to $7.8 million in fiscal year 2020. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is now bigger than Johnson & Johnson, following the recent price milestone of $4,000. How will I ever retire? JPMorgan has launched a new business division dedicated to blockchain technology, called Onyx, after the bank's own digital currency was adopted … Read more HIVE conducts its crypto mining operations in cold climates because it is power-efficient, and therefore cost-efficient. Is JPMorgan Chase’s New Cryptocurrency a Threat to Ripple, Other Crypto Assets? JPMorgan co-President Daniel Pinto said last week that the firm will “accompany the clients” when it comes to Bitcoin. Lucas Pipes, 5-star analyst with B. Riley, writes of Cleveland-Cliffs: “With near-term cash flows expected to be robust ($2.3B expected for 2021), the company expects to use excess cash flow to aggressively reduce debt. The firm also turned to crypto to help speed up corporate payments, launching JPM Coin in 2019. Looking at earnings, CLF showed a modest net profit of $41 million in the quarter, or 7 cents per share. The stock has 8 recent reviews, which include 6 to Buy and 2 to Hold, giving the stock its Strong Buy consensus rating. Ethereum, the second-largest coin by market capitalisation, jumped more than 6% to just below $4,175, and was last up around 2%. Expanding Into DeFi Along with the company’s robust yet clean mining operations, HIVE is moving aggressively into the DeFi (decentralized finance) space. “We expect that generally the market value of your notes and your payment at maturity will depend to a greater extent on the performance of these four Reference Stocks.”. (Bloomberg) -- China is expanding its far-reaching tech campaign into online education, issuing the maximum penalties to two of the country’s fastest-growing tutoring apps for violating competition and pricing laws.The State Administration for Market Regulation imposed fines of 2.5 million yuan ($389,000) each on Yuanfudao, backed by Tencent Holdings Ltd., and Zuoyebang, which has received funding from Alibaba Group Holding Ltd., according to a statement Monday. If I were to retire today, I would draw $1,200 a month in Social Security, or $1,400 a month if drawing against my ex-husband’s account (we were married 23 years). “We view AAWW’s diversified fleet and international reach favorably position the company to capitalize on increased air freight demand due to the global growth in e-commerce and ongoing supply chain disruptions. And, it bears repeating, the entire cryptocurrency market is worth 2.38 trillion. The average price target is $25.40 and implies that the analysts see the stock rising ~20% from current levels. The J.P. Morgan Global Research team explores some of the key considerations that central banks would likely encounter if they issued their own cryptocurrencies and how the Fed’s involvement with distributed ledger technologies (DLT) could look. This has reminded me that the most dangerous competitors are often not those expected. In a major development, JP Morgan Chase has announced the launch of a cryptocurrency called JPM … By Daily Mail City & Finance Reporter. JPMorgan has been taking some of the biggest strides, adding Bitcoin exchanges Coinbase Inc. and Gemini Trust Co. as banking clients last year. The CFETS RMB Index, which tracks the yuan versus 24 peers, is close to the highest level since 2018.Chinese banks, including joint-stock and state lenders, boosted purchases of the dollar after the yuan advanced rapidly on Monday afternoon, traders said. JPMorgan JPM -0.3%, the largest U.S. bank by assets, has been waging a war of words with bitcoin and cryptocurrency for years. Openness to cryptocurrencies is a good omen ushered in by the JP Morgan partners. What Happened: According to … JPMorgan Chase & Co. (aka “JP Morgan”) is the largest bank in the U.S., the sixth largest bank in the world by total assets of around US$2.687 trillion, and the world’s most valuable bank by market capitalization. Similarly, Ele.me looks to be the biggest rival of Meituan’s delivery business, but what could really cause a shock to the industry may be some companies and business models that haven’t come under our radar.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. 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Plus, HIVE now has a DeFi (decentralized finance) angle, which could enhance the company’s shareholder value even further. A representative for GIC didn’t immediately respond to requests for comment.Monde Nissin, which makes the best-selling Lucky Me! Unsurprisingly, Benjamin rates the stock a Buy, with a $95 price target that implies an upside of 28% this year. Crocs’ overperformance has caught the eye of Piper Sandler analyst Erinn Murphy, who is ranked in the top 10% of Wall Street’s stock pros. JP Morgan's new product contains a basket of unequally weighted stocks directly or indirectly related to cryptocurrency. JPM Coin is a proposed stablecoin that JPMorgan plans to redeem for U.S. dollars on a 1:1 basis. New jobs in April totaled only 266,000, far below the 978K expected, and the official unemployment rate, which had been predicted to come in at 5.8% actually ticked up slightly to 6.1%. And boosted sales are what the game is all about. Dogecoin's stratospheric run was in jeopardy early Sunday, with the popular crypto unwinding a chunk of its recent rally. Here are the details. The new basket dubbed “J. An external representative for Monde Nissin and representatives for AIA, Capital Group and Fidelity International declined to comment. This partnership, according to the press release, will “provide HIVE with a strategic stake in DeFi Technologies and a broader partnership surrounding the DeFi ecosystem with a specific focus on the Ethereum based MEV space and developments surrounding it.” MEV refers to the amount of profit that cryptocurrency miners can extract from reordering and censoring transactions on the blockchain. Investors who appreciate the fast pace of Bitcoin (XBT) and Ethereum (ETH) will like HIVE Blockchain Technologies (HVBTF). The share price is $108.92, and the average target of $123.75 indicates room for ~14% growth in the year ahead. The market’s growth so far this year has been broad-based, based as it is on a general economic reopening as the corona panic shrinks in the rear-view mirror. Crocs (CROX) We’ll start in footwear, where Crocs took the world by storm almost 20 years ago, when it first started selling its signature brand of foam clogs. The stock has 3 recent reviews on file, and all are to Buy, making the Strong Buy consensus rating unanimous. (Bloomberg) -- The onshore yuan advanced to its strongest level since 2018 as it defied attempts by the central bank to slow its gains amid an improving outlook for China’s economy.The currency rose as much as 0.3% to 6.4114 a dollar, the strongest since June 2018, after breaching its previous year-to-date high of 6.4245 reached in January. JP Morgan is only providing cash management facilities to the exchanges. Yet, Truist’s 5-star analyst Stephanie Benjamin believes the stock has more room to grow. (Bloomberg) -- Meituan’s stock plunged to a seven-month low after the Chinese e-commerce company’s billionaire chief executive officer shared and then deleted a poem on social media that some interpreted as a veiled criticism of Beijing.The food delivery giant fell almost 10% in Hong Kong before closing 7.1% lower to wipe out about $16 billion. Earlier this year, Yuanfudao was seeking at least $1 billion in fresh funding ahead of a possible initial public offering in 2022, people with knowledge of the matter have said. “We applaud the Crocs' team for their continued execution, disciplined inventory management & account management and underlying reinvestments in the brand health. Former JP Morgan star is Britain's cryptocurrency queen after making a £360m personal fortune. Last week, Goldman Sachs announced the reboot of … Wang’s rival Jack Ma angered Beijing in October last year by blasting regulators publicly over what he considered to be an antiquated approach to oversight. A 40% stake could be worth about $185 million based on the logistics firm’s market value on Monday.No final decision has been made and LBC Express’ owners could still decide against pursuing a sale, the people said. JPMorgan Chase & Co. is preparing to offer a Bitcoin fund to wealthy clients, the latest sign that Wall Street is warming to the largest cryptocurrency after it soared in recent months. NYDIG will be the custody provider, a person with knowledge of the situation said, asking not to be identified because the decision hasn’t been made public. In its publication, JP Morgan also asserts that small allocations to crypto assets can improve portfolio efficiency due to higher returns and their tendency to move somewhat independently of the traditional market. While slightly below analyst expectations, this total was up 84% from Q4, and almost 10x greater than the year-ago quarter’s $385.9 million. All rights reserved. Why It Matters: A few weeks ago, strategists from JPMorgan endorsed a one percent allocation towards cryptocurrency in a note to clients. Spokespeople for JPMorgan and NYDIG declined to comment. “The regulatory pressure will keep building for the rest of the year.”Going forward, the SAMR will intensify its regulatory supervision of after-school educational groups and crack down on illegal activities, according to the statement. The transactions helped to stabilize the exchange rate, according to the traders, who asked not to be named as they aren’t authorized to comment on the market publicly.“While the broad dollar declines are certainly supportive of Asian currencies, the yuan has become even more attractive because of its strong data and effective Covid-19 containment measures,” said Fiona Lim, senior currency analyst at Malayan Banking Berhad in Singapore.