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JPMorgan Predicts Ether To Surpass Bitcoin With Groundbreaking Update In 2024
JPMorgan predicts Ether will surpass Bitcoin in 2024 thanks to a revolutionary update. The bank believes that Ethereum's EIP-4844, scheduled for the first half of 2024, will be a major catalyst for Ether's growth. This update, called Protodanksharding, will improve sharding efficiency and increase network capacity without fragmenting the blockchain.
JPMorgan analysts express some caution, but they anticipate that Ether will overtake not only Bitcoin, but also other cryptocurrencies in 2024. They believe that despite the favorable events planned for Bitcoin, such as the approval of ETFs spot and halving, these factors are already integrated into its current price.
Regarding decentralized finance (DeFi) and tokenization, JPMorgan highlights that although significant progress has been made, DeFi has struggled to fully integrate into the traditional financial system. The most important applications of blockchain in traditional finance are developing outside of public blockchains, limiting the transition of cryptocurrencies into real-world applications. Additionally, tokenization is hampered by obstacles such as fragmentation, lack of cooperation and delays in the introduction of CBDCs.
However, JPMorgan is seeing a tentative improvement in venture capital funding in the crypto space in the fourth quarter, which could signal the end of the cryptocurrency bear market if this trend continues into the first quarter of 2024.
#Ethereum #JPMorgan #Crypto #banque
JPMorgan predicts Ether will surpass Bitcoin in 2024 thanks to a revolutionary update. The bank believes that Ethereum's EIP-4844, scheduled for the first half of 2024, will be a major catalyst for Ether's growth. This update, called Protodanksharding, will improve sharding efficiency and increase network capacity without fragmenting the blockchain.
JPMorgan analysts express some caution, but they anticipate that Ether will overtake not only Bitcoin, but also other cryptocurrencies in 2024. They believe that despite the favorable events planned for Bitcoin, such as the approval of ETFs spot and halving, these factors are already integrated into its current price.
Regarding decentralized finance (DeFi) and tokenization, JPMorgan highlights that although significant progress has been made, DeFi has struggled to fully integrate into the traditional financial system. The most important applications of blockchain in traditional finance are developing outside of public blockchains, limiting the transition of cryptocurrencies into real-world applications. Additionally, tokenization is hampered by obstacles such as fragmentation, lack of cooperation and delays in the introduction of CBDCs.
However, JPMorgan is seeing a tentative improvement in venture capital funding in the crypto space in the fourth quarter, which could signal the end of the cryptocurrency bear market if this trend continues into the first quarter of 2024.
#Ethereum #JPMorgan #Crypto #banque
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🇧🇷 The largest Brazilian #banque starts selling #crypto to its customers.
🏛️ Itau Unibanco, Brazil's largest bank with 60 million customers in Latin America, has made it possible for everyone to buy Bitcoin and Ethereum directly through the bank.
❤️ They are also planning to add other cryptocurrencies in the future.
🏛️ Itau Unibanco, Brazil's largest bank with 60 million customers in Latin America, has made it possible for everyone to buy Bitcoin and Ethereum directly through the bank.
❤️ They are also planning to add other cryptocurrencies in the future.
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📉 HISTORY: US banks lose $872 billion in deposits in one year!
This is the first time since 1994: The American banking system has recorded a spectacular fall of 4.8% in its deposits, reaching $17.269 billion.
The earthquake in figures:
🔴 JPMorgan : -2.8%
🔴 Bank of America : -5%
😱 Charles Schwab : -31,1%
🏦 The "Big Four" represent 30% of total losses!
HIGHLIGHT: Banks are closing en masse, dropping from 96,339 branches in 2013 to 77,796 in 2024.
⚠️ Warning point: This hemorrhage follows the bank failures of the spring (SVB, First Republic...).
The earthquake in figures:
🔴 JPMorgan : -2.8%
🔴 Bank of America : -5%
😱 Charles Schwab : -31,1%
🏦 The "Big Four" represent 30% of total losses!
HIGHLIGHT: Banks are closing en masse, dropping from 96,339 branches in 2013 to 77,796 in 2024.
⚠️ Warning point: This hemorrhage follows the bank failures of the spring (SVB, First Republic...).
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#Blockchainlife2024
#banque How Blockchain Is Revolutionizing Financial TransactionsBlockchain technology has transformed the landscape of financial transactions, providing increased security, transparency and unprecedented efficiency. In this article, we explore how this technology is being used by businesses and governments to improve their financial systems.Security and TransparencyBlockchain uses advanced cryptography techniques to secure data, making it virtually impossible to tamper with information. Each transaction is recorded in a public ledger, accessible to all network participants, ensuring complete transparency.Reduction in Transaction FeesTransactions carried out via blockchain are often less expensive than traditional methods, as they eliminate the need for intermediaries . For example, international transfers can be made quickly and inexpensively. Use Cases Banks and Fintechs: Financial institutions are using blockchain for international payments, identity management and regulatory compliance. Governments: Some governments are experimenting with blockchain to Applications like e-voting and blockchain logging is a promising technology that could redefine the way we manage financial transactions. By adopting this technology, we can expect more secure, transparent and efficient systems.
#banque How Blockchain Is Revolutionizing Financial TransactionsBlockchain technology has transformed the landscape of financial transactions, providing increased security, transparency and unprecedented efficiency. In this article, we explore how this technology is being used by businesses and governments to improve their financial systems.Security and TransparencyBlockchain uses advanced cryptography techniques to secure data, making it virtually impossible to tamper with information. Each transaction is recorded in a public ledger, accessible to all network participants, ensuring complete transparency.Reduction in Transaction FeesTransactions carried out via blockchain are often less expensive than traditional methods, as they eliminate the need for intermediaries . For example, international transfers can be made quickly and inexpensively. Use Cases Banks and Fintechs: Financial institutions are using blockchain for international payments, identity management and regulatory compliance. Governments: Some governments are experimenting with blockchain to Applications like e-voting and blockchain logging is a promising technology that could redefine the way we manage financial transactions. By adopting this technology, we can expect more secure, transparent and efficient systems.