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Come On Jamie, Light My Fire

By

Matthew

De Silva

WriterETHNews.com

On October 10, 2017, an advertisement in the Wall Street Journal popped up, suggesting that those fired by JPMorgan Chase CEO Jamie Dimon might find refuge in cryptocurrency.

The time to hesitate is through. This morning, in the latest indication of cryptocurrency going mainstream, a multi-currency wallet project took out a full-page advertisement in The Wall Street Journal. “Maybe Jaime will fire you. But, you’ll be free to trade in the crypto-world,” the ad reminds readers.

Of course, the Jamie in question is none other than Jamie Dimon, CEO of JP Morgan Chase. Dimon made headlines last month when he declared bitcoin to be a “fraud” and threatened to fire employees for trading the popular cryptocurrency. As of publication, bitcoin is trading at $4,900, according to CoinMarketCap.

While financiers and bankers alike remain skeptical, over the course of 2017, token offerings (ICOs) have attracted billions of dollars of investment and cryptocurrency has drawn increasing regulatory scrutiny across the world.

Matthew De Silva

Matthew is a writer with a passion for emerging technology. Prior to joining ETHNews, he interned for the U.S. Securities and Exchange Commission as well as the OECD. He graduated cum laude from Georgetown University where he studied international economics. In his spare time, Matthew loves playing basketball and listening to podcasts. He currently lives in Los Angeles. Matthew is a full-time staff writer for ETHNews.

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