Bulgargaz Pursues Legal Action Against Gazprom Over Gas Supply Cuts
During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
JPMorgan’s CEO Jamie Dimon blasted crypto and bitcoin yet again. The JPMorgan executive argued about the real value of cryptocurrencies and his take on the cryptocurrency world in an interview. Dimon stated that the latest bull market in cryptocurrencies was created by a lot of liquidity in the system, which then leads to speculation. Dimon declared:
"I am not a buyer of bitcoin. I think if you borrow money to buy bitcoin, you’re a fool."
However, Dimon also acknowledged there is the possibility that the cryptocurrency sector could increase its value tenfold in the next years.
Dimon was also asked about how he believes regulations will affect cryptocurrencies in the future. While he stressed bitcoin was not its main interest, Dimon did state that he believes governments will regulate bitcoin at some point in time. He explained:
"Crypto-currencies is going to be regulated. Governments regulate just about everything. I don’t know if it’s an asset. I don’t know if it’s foreign exchange. I don’t know if it’s a currency. I don’t know if it’s the securities law. But they’re going to do it."
However, the personal opinions of Dimon about the validity of cryptocurrency and the coming regulation of the cryptocurrency market have not affected JPMorgan’s business moves into crypto.
In fact, the company is now more open to cryptocurrencies than it was two or three years ago. In August, the firm informed they would allow its customers to access six cryptocurrency-based investment funds (Grayscale’s Bitcoin Trust, Bitcoin Cash Trust, Ethereum Trust, and Ethereum Classic Trust, and the Osprey Bitcoin Trust).
Also, the company has dipped its toes when it comes to digital currencies.
In October 2020, JPMorgan announced the creation of “JPM Coin,” a network that would allow its customers to make instantaneous payments using blockchain technology. /Times of India
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026
According to AFP, the Ukrainian army has declared a halt to the Russian offensive in certain areas of the northeastern Kharkiv region
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026
In the initial quarter of 2024, Bulgaria's economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU