JPMorgan’s New Crypto Bond ‘Not for the Faint of Heart,’ Former Star Analyst Hintz Says
Brad Hintz, a former star Sanford Bernstein analyst, Morgan Stanley treasurer and Lehman Brothers CFO, explains the risks in the fine print.
Investors who locked in borrowed coins will need to repurchase those to repay the loan, cryptocurrency pundits say.
The global bank is also “keeping a very close eye” on DeFi, says Umar Farooq, head of JPMorgan’s Onyx blockchain team.
The accounts held about 7% of the company's cash.
Signs point to a new avenue of growth for crypto-backed lending.
ConsenSys staffers waiting for equity payouts may soon be in luck, according to an internal document revealing the company’s recent good fortune.