Tim, he keeps relegating my opinions to the netherworld.
But, really, does Tim not know that I've called the bottom and the top in the last three cycles?
Wait till he sees my next Bitcoin prediction.
He will always rue the day that he crossed Deezy!
Consistency with these stories.
JPMorgan bank deploys JPM Coin for euro-denominated payments.
That's right. JPM Coin.
What could go wrong with JPM Coin?
It's deployed its own blockchain-based payment system
to introduce euro-denominated payments for corporate clients.
A spokesperson for JPMorgan confirmed to Cointelegraph
that they had expanded the blockchain platform from US dollars to euros.
The system enables wholesale payments for clients,
including large multinational firms,
to transfer euros to and from their accounts instantly and 24/7.
That significantly improves banking transactions,
which are only processed Monday to Friday, eight to, you know, nine to five.
JPMorgan has reportedly processed $300 billion worth of transactions in JPM Coin.
They've yet to scale the system,
as its overall daily payments volumes reportedly amount to roughly $10 trillion.
Okay. So, overall, they're doing $10 trillion daily.
We have yet to even hit $1 trillion in all of the transactions in JPM Coin
that launched in 2019.
So, if this does end up doing all of their volume,
- that's a lot of vol-- - That's a lot.
- that's a lot of money, guys. - Yeah.
$10 trillion daily.
It's part of their blockchain-based platform known as Onyx Coin Systems.
As previously reported, they launched Onyx in 2020,
aiming to improve the quality of wholesale payment transactions.
They reportedly processed nearly $700 billion in short-term loans via Onyx as of April 2023.
This came at the same time they were fined by the SEC
over mismanagement of internal communications,
or, you know, the deleting,
deleting 47 million emails.
So, yeah, you know.
I've seen that go both ways, you know, when it comes to deleting emails.
Hey, who knows what I'm talking about there?
JPMorgan Chase hit with multimillion-dollar fine for deleting 47 million banking records.
$4 million fine for deleting all these emails,
including business documents sought by subpoenas
in at least a dozen regulatory investigations.
I don't think they're saying the hidden thing though.
Isn't this Epstein's stuff?
Isn't--
so Epstein's emails were deleted, right?
- I don't know if that's been confirmed, - I mean, about that--
- but that's the reporting I saw on Twitter that it was Epstein's. - Everything related to Epstein has been got rid of.
- Epstein's emails were deleted, folks, is what is my understanding. - Yeah.
Now, it's not confirmed.
I'm just a guy with a monkey picture telling you that.
- I want to look into this though. - Yeah.
Because it's my understanding the Epstein emails were deleted.
So we'll see.
We'll see.
Or I don't know if that was Morgan Stanley or maybe I'm mixing the two stories here.
I can't move it around now.
Let me move!
Oh, it's this stupid thing.
Wait!
Alright. It isn't the first time they've been fined by the SEC.
- Back in '21, they paid $125 million for-- - Chump change.
for failing to keep track of its email and text message communications.
Again, for deleting employee emails.
And in '05, they were fined $700K for, hey, once again, emails!
I'm seeing a theme here with their emails.
I feel like they say--
they share a server with a certain politician.
I don't-- yeah, I don't want to get into all that, man.
Yeah, don't they know you're supposed to use a hammer on your hard drive?
- You're supposed to kill it with a hammer, right? - You know.
They're-- they've got to do whatever they've got to do.
Yeah, they're going to do what they're going to do,
but, yeah, you can't just delete 47 emails
- and then give a little sweetheart deal of $4 million fine. - 47 million emails.
You can delete 47.
- Now, you can't-- - I mean, yeah, you can.
- 47 million. - Well, here's my take.
Like, doesn't that exist somewhere?
Right? Like, there's no way I believe those are deleted
and then there's no record and they can't be retrieved.
There's no--
there's no way I believe that.
I don't know anything.
I'm not a--
I don't have a CS degree.
- Just it doesn't pass the sniff test. - Yeah, yeah.
Yeah, it is curious.
You got to think those are somewhere, but I don't know.
I actually don't know how that works.
Degen HEXican,
"She didn't hammer it. It was an aide."
Come on now.
You saw the feint videos.
Pffft!
It wouldn't be enough to, like, crack the plastic housing.
Alright. Fed Chair Powell makes subtle nod to Ripple.
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Fed Chair Powell makes subtle nod to Ripple,
not the drink,
coincidence or not?
I mean, look at that face right there.
That's a subtle nod face right there.
That's a he's-trying-to-bang-your-grandma face.
Over the bingo table.
The origin of the rumor is popular XRP member @NFAdotcrypto.
The origin of the rumor, okay, is from this guy.
The user shared a video clip from Jerome Powell's semi-annual testimony yesterday.
Alright. Well, the origin of the rumor is Jerome Powell's testimony,
not--
they threw me off with that Twitter address.
Congressman Wiley Nickel--
is that a cowboy's name?
- If you've ever heard Wiley Nickel. - Wiley Nickel!
"Wiley Nickel, now, meet me at the doom tombstone at noon."
- Wiley Nickel-- - "I challenge you to a duel, Wiley."
Wiley Nickel!
That's a hell of a name, man.
I like that name.
Anyway, Congressman Wiley Nickel asks the Fed chairman
how he liked the recent concert by the Grateful Dead,
a rock band founded in 1965.
Frontman is Crazy Dime.
No, that's Dimebag Barrell-- Darrell.
Alright. Powell replied that he had been a Grateful Dead fan for 50 years,
while Wiley Nickel replied,
"I found a universal truth. I like people who like the Grateful Dead."
And here comes the connection to Ripple.
What the hell?
In a 2018 video about the beginnings, Ripple founder Chris Larsen declared,
"We've always loved the Grateful Dead."
He also tells how he had to buy the Ripple domain from a Grateful Dead super-fan
who owned it because of their song "Ripple."
Hmmm.
I don't think Jerome Powell had the URL, guys.
But it is a fun story here.
And as early as March this year,
there were rumors that the Fed Reserve could use RippleNet as the basis
for their transaction network.
The backdrop is that among the banks on board for the launch are three of Ripple's partners---
ACI Worldwide, Finastra and Volante Technologies.
The XRP Army is therefore pondering whether Ripple could play a role.
I like that.
Jerome Powell, though, I would not have guessed Grateful Dead fan.
Makes me think, man, what happened, Jerome?
Like, you used to be cool.
You see, you know, psilocybin and, you know, be talking about flowers and unity and peace.
Now, look at you, brother.
Now, look at you.
Young Jerome would be ashamed.
And, honestly, prob--
I think that's true.
I don't know that for sure.
Of course, that'd be mind reading.
But I feel like that's true.