JPMorgan Chase is in talks to merge its blockchain unit Quorum with Brooklyn-based startup ConsenSys. The Quorum blockchain was built using the Ethereum (ETH), one of the technological leaders in cryptocurrencies. JPMorgan, the largest U.S. bank by assets, also said it would use Quorum to issue a digital currency called JPMorgan Coin that it designed to make instantaneous payments using blockchain. A merger with ConsenSys would have no impact on the IIN and other JPMorgan projects running on Quorum. ConsenSys, a prominent blockchain startup that grew rapidly during the 2017 crypto bubble, was founded by Joe Lubin, one of the co-founders of Ethereum.
Ethereum (ETH) is outpacing the market this morning up 7% for the session. Other market leaders are Stellar (XLM) gained 6% and NEO also added 5%. The Crypto Flow Index (CFX) up 1% in an otherwise tightly correlated action.
Crypto Flow Index session update: CFx up 1%Ethereum (ETH) leads the index, up 7%Bitcoin (BTC) lagged the market, flat 0%
CFx - Crypto Flow IndexCFx 2706.46 - MLRS indicator 1.0448
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The Crypto Flow Index machine learning
relative strength profile for 02/12/20
relative strength profile for 02/12/20
CFx session leaders: Ethereum (ETH) up 7%
Stellar (XLM) gained 6% and NEO added 5%
CFx up 1% as a group
CFx session leader: Ethereum (ETH)
CFxETH 255.943 - MLRS indicator 1.0973
CFx session leader: Stellar (XLM)
CFxXLM 0.078 - MLRS indicator 1.0708
CFx session leader: NEO
CFxNEO 14.496 - MLRS indicator 1.0813
CFx session under performers: Monero (XMR) up 1%
Zcash (ZEC) gained 1% and Bitcoin (BTC) added 0%
CFx up 1% as a group
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