He also said last year that he would not allow JP

…and everything smaller!

He also said last year that he would not allow JP

Postby jinpanlin520 » 2018-12-21 09:14

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WASHINGTON, Jan. 9 (Xinhua) -- JP Morgan Chase CEO Jamie Dimon softened his stance on bitcoin and regretted calling the digital currency a fraud.


In an interview with Fox Business on Tuesday, Dimon said he regretted making his earlier comments on the cryptocurrency.


The head of the biggest U.S. bank called bitcoin ""a fraud"" last September and said the digital currency ""won't end well.""


He also said last year that he would not allow JP Morgan traders to trade bitcoin, noting that ""it's against our rules and they are stupid.""


Bitcoin was trading around 4 Shareef Abdur-Rahim Grizzlies Jersey ,200 U.S. dollars when Dimon made the comments. Since then, the price of the digital currency has skyrocketed. Bitcoin traded above 14,000 dollars on Tuesday.


Dimon said he personally is ""not interested in the subject at all."" But he said blockchain, the open-ledger technology that underpins bitcoins, is real.



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BEIJING, Jan. 11 (Xinhua) -- China's major retail sales enterprises enjoyed strong sales last year as the country's stabilizing economy spurred consumption Omri Casspi Grizzlies Jersey , the Ministry of Commerce (MOC) said on Thursday.


The total sales volume of 2,700 major retail enterprises surveyed rose 4.6 percent year on year in 2017, up 3 percentage points from a year earlier, MOC spokesperson Gao Feng told a press briefing.


Sales volume through e-commerce last year surged 26.8 percent year on year, up 3.2 percentage points from 2016, said Gao.


Profitability of retail enterprises improved in 2017 with operating profits of surveyed enterprises rising 8 percent year on year Mike Conley Grizzlies Jersey , up 6.5 percentage points from 2016.


Booming retail sales are behind China's stabilizing economy, which grew 6.9 percent in the first three quarters of 2017.


China is trying to shift its economy toward a growth model driven more by consumer spending, innovation and services while weaning it off over-reliance on exports and investment.


Gao predicted retail enterprises will see a booming year in 2018, supported by continued industry restructuring and upgrades as well as technological innovation.


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