<br><div><p>Bitcoin<fbs-ticker data-name="BTC" data-href="https://www.forbes.com/digital-assets/assets/bitcoin-btc/" data-type="crypto"> <a target="_blank" href="https://www.forbes.com/digital-assets/assets/bitcoin-btc/" class="ticker-link" data-ga-track="Ticker:BTC" data-vars-event-label="ticker:BTC" rel="noopener noreferrer" aria-label="BTC">BTC</a> </fbs-ticker>, ethereum and cryptocurrencies have suffered an almighty crash this yr, <a target="_blank" href="https://www.forbes.com/sites/billybambrough/2022/11/20/joe-biden-leads-critical-call-for-game-changing-global-bitcoin-and-crypto-rules-after-shock-ftx-collapse/" class="color-link" title="https://www.forbes.com/sites/billybambrough/2022/11/20/joe-biden-leads-critical-call-for-game-changing-global-bitcoin-and-crypto-rules-after-shock-ftx-collapse/" data-ga-track="InternalLink:https://www.forbes.com/sites/billybambrough/2022/11/20/joe-biden-leads-critical-call-for-game-changing-global-bitcoin-and-crypto-rules-after-shock-ftx-collapse/" aria-label="resulting in U.S. president Joe Biden leading calls for "critical" new crypto rules" rel="noopener">resulting in U.S. president Joe Biden leading calls for "critical" new crypto rules</a>.</p>
<p><a target="_blank" href="https://www.forbes.com/newsletters/forbescryptoassetadvisor/?utm_source=billybambrough&utm_medium=article&utm_campaign=cryptocodex" class="color-link" title="https://www.forbes.com/newsletters/forbescryptoassetadvisor/?utm_source=billybambrough&utm_medium=article&utm_campaign=cryptocodex" data-ga-track="InternalLink:https://www.forbes.com/newsletters/forbescryptoassetadvisor/?utm_source=billybambrough&utm_medium=article&utm_campaign=cryptocodex" aria-label="Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the latest bitcoin and crypto market crash" rel="noopener"><strong data-ga-track="InternalLink:https://www.forbes.com/newsletters/forbescryptoassetadvisor/?utm_source=billybambrough&utm_medium=article&utm_campaign=cryptocodex"><em data-ga-track="InternalLink:https://www.forbes.com/newsletters/forbescryptoassetadvisor/?utm_source=billybambrough&utm_medium=article&utm_campaign=cryptocodex">Subscribe</em></strong><em data-ga-track="InternalLink:https://www.forbes.com/newsletters/forbescryptoassetadvisor/?utm_source=billybambrough&utm_medium=article&utm_campaign=cryptocodex"> </em><strong data-ga-track="InternalLink:https://www.forbes.com/newsletters/forbescryptoassetadvisor/?utm_source=billybambrough&utm_medium=article&utm_campaign=cryptocodex"><em data-ga-track="InternalLink:https://www.forbes.com/newsletters/forbescryptoassetadvisor/?utm_source=billybambrough&utm_medium=article&utm_campaign=cryptocodex">now to </em></strong><em data-ga-track="InternalLink:https://www.forbes.com/newsletters/forbescryptoassetadvisor/?utm_source=billybambrough&utm_medium=article&utm_campaign=cryptocodex">Forbes' CryptoAsset & Blockchain Advisor </em><strong data-ga-track="InternalLink:https://www.forbes.com/newsletters/forbescryptoassetadvisor/?utm_source=billybambrough&utm_medium=article&utm_campaign=cryptocodex"><em data-ga-track="InternalLink:https://www.forbes.com/newsletters/forbescryptoassetadvisor/?utm_source=billybambrough&utm_medium=article&utm_campaign=cryptocodex">and successfully navigate the latest bitcoin and crypto market crash</em></strong></a></p>
<p>The bitcoin value, down round 70% since hitting an all-time excessive a couple of yr in the past, has crashed underneath $17,000 per bitcoin <a target="_blank" href="https://www.forbes.com/sites/billybambrough/2022/11/14/elon-musk-has-issued-a-surprise-2o23-bitcoin-and-dogecoin-prediction-after-huge-ftx-crypto-price-crash/" class="color-link" title="https://www.forbes.com/sites/billybambrough/2022/11/14/elon-musk-has-issued-a-surprise-2o23-bitcoin-and-dogecoin-prediction-after-huge-ftx-crypto-price-crash/" data-ga-track="InternalLink:https://www.forbes.com/sites/billybambrough/2022/11/14/elon-musk-has-issued-a-surprise-2o23-bitcoin-and-dogecoin-prediction-after-huge-ftx-crypto-price-crash/" aria-label="despite Elon Musk issuing a surprise crypto price prediction" rel="noopener">despite Elon Musk issuing a surprise crypto price prediction</a>. The ethereum value and different main cryptocurrencies have seen comparable declines, erasing round $2.2 trillion from the mixed crypto market cap that had ballooned to $3 trillion late final yr—<a target="_blank" href="https://www.forbes.com/sites/billybambrough/2022/11/16/new-crypto-warning-bankruptcy-fears-suddenly-spread-after-ftx-collapse-wipes-billions-from-the-price-of-bitcoin-ethereum-and-crypto/" class="color-link" title="https://www.forbes.com/sites/billybambrough/2022/11/16/new-crypto-warning-bankruptcy-fears-suddenly-spread-after-ftx-collapse-wipes-billions-from-the-price-of-bitcoin-ethereum-and-crypto/" data-ga-track="InternalLink:https://www.forbes.com/sites/billybambrough/2022/11/16/new-crypto-warning-bankruptcy-fears-suddenly-spread-after-ftx-collapse-wipes-billions-from-the-price-of-bitcoin-ethereum-and-crypto/" aria-label="exacerbated by a shock exchange collapse" rel="noopener">exacerbated by a shock exchange collapse</a>.</p>
<p>Now, Wall Avenue big JPMorgan, <a target="_blank" href="https://www.forbes.com/sites/billybambrough/2022/11/06/a-massive-step-jpmorgan-just-made-a-surprize-game-changing-bet-on-crypto-despite-2-trillion-bitcoin-ethereum-and-crypto-price-crash/" class="color-link" title="https://www.forbes.com/sites/billybambrough/2022/11/06/a-massive-step-jpmorgan-just-made-a-surprize-game-changing-bet-on-crypto-despite-2-trillion-bitcoin-ethereum-and-crypto-price-crash/" data-ga-track="InternalLink:https://www.forbes.com/sites/billybambrough/2022/11/06/a-massive-step-jpmorgan-just-made-a-surprize-game-changing-bet-on-crypto-despite-2-trillion-bitcoin-ethereum-and-crypto-price-crash/" aria-label="after making a big bet on crypto earlier this month" rel="noopener">after making a big bet on crypto earlier this month</a>, has registered a trademark for a digital pockets and associated cryptocurrency processing companies—described as a "historic transfer."</p>
<p><strong>It is in a brutal bear market that you simply want up-to-date data probably the most! </strong><a target="_blank" href="https://www.forbes.com/newsletter/cryptocodex/#49ee29f83534" class="color-link" title="https://www.forbes.com/newsletter/cryptocodex/#49ee29f83534" data-ga-track="InternalLink:https://www.forbes.com/newsletter/cryptocodex/#49ee29f83534" aria-label="Sign up now for the free CryptoCodex" rel="noopener"><strong data-ga-track="InternalLink:https://www.forbes.com/newsletter/cryptocodex/#49ee29f83534">Sign up now for the free <em data-ga-track="InternalLink:https://www.forbes.com/newsletter/cryptocodex/#49ee29f83534">CryptoCodex</em></strong></a>—<strong>A day by day e-newsletter for merchants, traders and the crypto-curious that can hold you forward of the market</strong></p><fbs-ad position="inread" progressive="" ad-id="article-0-inread" aria-hidden="true" role="presentation"/><a target="_blank" class="embed-base link-embed link-embed--long-title embed-2 color-body color-body-border" href="https://www.forbes.com/sites/billybambrough/2022/11/23/dot-com-era-on-steroids-heres-how-bad-the-22-trillion-bitcoin-and-crypto-ftx-price-crash-could-get/" rel="noopener noreferrer" data-ga-track="forbesEmbedly:https://www.forbes.com/sites/billybambrough/2022/11/23/dot-com-era-on-steroids-heres-how-bad-the-22-trillion-bitcoin-and-crypto-ftx-price-crash-could-get/" aria-label="'Dot-Com Era On Steroids'-Here's How Bad The $2.2 Trillion Bitcoin And Crypto FTX Price Crash Could Get"><span class="link-embed__info"><span class="link-embed__provider">MORE FROM FORBES</span><span class="link-embed__title">'Dot-Com Era On Steroids'-Here's How Bad The $2.2 Trillion Bitcoin And Crypto FTX Price Crash Could Get</span><small class="link-embed__byline">By <span class="link-embed__author">Billy Bambrough</span></small></span><span class="link-embed__thumbnail-wrapper"><span class="link-embed__thumbnail allow-inline-style" style="background-image:url('https://i.embed.ly/1/image?url=https%3A%2F%2Fimageio.forbes.com%2Fspecials-images%2Fimageserve%2F6342af67afbe0e1af7de06a9%2F0x0.jpg%3Fformat%3Djpg%26width%3D1200&key=3ce26dc7e3454db5820ba084d28b4935')"/></span></a> <figure class="embed-base image-embed embed-0" role="presentation"><figcaption><fbs-accordion class="expandable" current="-1"><p class="color-body light-text">JPMorgan, one in every of Wall Avenue's largest banks, has a combined relationship with bitcoin, ethereum and <span class="plus" data-ga-track="caption expand">... [+]</span><span class="expanded-caption"> cryptocurrencies.</span></p></fbs-accordion><small>© 2022 Bloomberg Finance LP</small></figcaption></figure>
<p>JPMorgan, <a target="_blank" href="https://www.forbes.com/sites/billybambrough/2022/09/23/its-dangerous-jpmorgan-ceo-issued-a-serious-bitcoin-ethereum-and-crypto-warning-after-huge-2-trillion-price-crash/" class="color-link" title="https://www.forbes.com/sites/billybambrough/2022/09/23/its-dangerous-jpmorgan-ceo-issued-a-serious-bitcoin-ethereum-and-crypto-warning-after-huge-2-trillion-price-crash/" data-ga-track="InternalLink:https://www.forbes.com/sites/billybambrough/2022/09/23/its-dangerous-jpmorgan-ceo-issued-a-serious-bitcoin-ethereum-and-crypto-warning-after-huge-2-trillion-price-crash/" aria-label="whose chief executive has famously trashed bitcoin, ethereum and other cryptocurrencies" rel="noopener">whose chief executive has famously trashed bitcoin, ethereum and other cryptocurrencies</a>, has formally registered and patented a digital pockets that may very well be used for holding bitcoin and crypto in addition to transfers and funds, based on a doc filed with the U.S. Patent and Trademark Workplace (USPTO).</p>
<p>The patent, initially filed in July 2020, was noticed by trademark lawyer Michael Kondoudis who <a target="_blank" href="https://twitter.com/KondoudisLaw/status/1594666695318450178" class="color-link" title="https://twitter.com/KondoudisLaw/status/1594666695318450178" rel="nofollow noopener noreferrer" data-ga-track="ExternalLink:https://twitter.com/KondoudisLaw/status/1594666695318450178" aria-label="posted">posted</a> to Twitter that the patent approval meant JPMorgan would now be capable to present "digital foreign money switch and trade" and "crypto cost processing."</p> <p>Nevertheless, the trademark doesn't completely apply to crypto and may also be utilized to conventional, digital monetary companies.</p> <p>"While the soundness of the crypto ecosystem stays in query, JPMorgan continues to make strikes towards integrating crypto merchandise," Marcus Sotiriou, an analyst at digital asset dealer GlobalBlock, wrote in an emailed remark that described the transfer as "historic."</p> <p><a target="_blank" href="https://www.forbes.com/newsletter/cryptocodex/#2451f12d3534" class="color-link" title="https://www.forbes.com/newsletter/cryptocodex/#2451f12d3534" data-ga-track="InternalLink:https://www.forbes.com/newsletter/cryptocodex/#2451f12d3534" aria-label="Sign up now for CryptoCodex" rel="noopener"><strong data-ga-track="InternalLink:https://www.forbes.com/newsletter/cryptocodex/#2451f12d3534">Sign up now for <em data-ga-track="InternalLink:https://www.forbes.com/newsletter/cryptocodex/#2451f12d3534">CryptoCodex</em></strong></a><strong>—A free, day by day e-newsletter for the crypto-curious</strong></p><a target="_blank" class="embed-base link-embed link-embed--long-title embed-4 color-body color-body-border" href="https://www.forbes.com/sites/billybambrough/2022/11/20/joe-biden-leads-critical-call-for-game-changing-global-bitcoin-and-crypto-rules-after-shock-ftx-collapse/" rel="noopener noreferrer" data-ga-track="forbesEmbedly:https://www.forbes.com/sites/billybambrough/2022/11/20/joe-biden-leads-critical-call-for-game-changing-global-bitcoin-and-crypto-rules-after-shock-ftx-collapse/" aria-label="Joe Biden Leads 'Critical' Call For Game-Changing, Global Bitcoin And Crypto Rules After Shock FTX Collapse"><span class="link-embed__info"><span class="link-embed__provider">MORE FROM FORBES</span><span class="link-embed__title">Joe Biden Leads 'Critical' Call For Game-Changing, Global Bitcoin And Crypto Rules After Shock FTX Collapse</span><small class="link-embed__byline">By <span class="link-embed__author">Billy Bambrough</span></small></span><span class="link-embed__thumbnail-wrapper"><span class="link-embed__thumbnail allow-inline-style" style="background-image:url('https://i.embed.ly/1/image?url=https%3A%2F%2Fimageio.forbes.com%2Fspecials-images%2Fimageserve%2F637a00c401943a62af2d6c0d%2F0x0.jpg%3Fformat%3Djpg%26width%3D1200&key=8804248494c144f5b4765c41f66c6ed5')"/></span></a><figure class="embed-base image-embed embed-5" role="presentation"><figcaption><fbs-accordion class="expandable" current="-1"><p class="color-body light-text">The bitcoin value has crashed by greater than 70% since this time final yr, dragging down the worth of <span class="plus" data-ga-track="caption expand">... [+]</span><span class="expanded-caption"> ethereum and different main cryptocurrenies. </span></p></fbs-accordion><small>Forbes Digital Property</small></figcaption></figure> <p>Earlier this month, <a target="_blank" href="https://www.forbes.com/sites/billybambrough/2022/11/13/jpmorgan-reveals-shock-cascade-bitcoin-price-prediction-after-stunning-ftx-meltdown/" class="color-link" title="https://www.forbes.com/sites/billybambrough/2022/11/13/jpmorgan-reveals-shock-cascade-bitcoin-price-prediction-after-stunning-ftx-meltdown/" data-ga-track="InternalLink:https://www.forbes.com/sites/billybambrough/2022/11/13/jpmorgan-reveals-shock-cascade-bitcoin-price-prediction-after-stunning-ftx-meltdown/" aria-label="before JPMorgan analysts issued a devastating bitcoin price prediction" rel="noopener">before JPMorgan analysts issued a devastating bitcoin price prediction</a>, the financial institution accomplished its first-ever cross-border transaction utilizing blockchain-based decentralized finance (DeFi) in <a target="_blank" href="https://www.forbes.com/sites/billybambrough/2022/11/06/a-massive-step-jpmorgan-just-made-a-surprize-game-changing-bet-on-crypto-despite-2-trillion-bitcoin-ethereum-and-crypto-price-crash/?sh=10a45027652d" class="color-link" title="https://www.forbes.com/sites/billybambrough/2022/11/06/a-massive-step-jpmorgan-just-made-a-surprize-game-changing-bet-on-crypto-despite-2-trillion-bitcoin-ethereum-and-crypto-price-crash/?sh=10a45027652d" data-ga-track="InternalLink:https://www.forbes.com/sites/billybambrough/2022/11/06/a-massive-step-jpmorgan-just-made-a-surprize-game-changing-bet-on-crypto-despite-2-trillion-bitcoin-ethereum-and-crypto-price-crash/?sh=10a45027652d" aria-label="what's been called "a massive step" for the crypto space" rel="noopener">what's been called "a massive step" for the crypto space</a>.</p> <p>JPMorgan's ongoing curiosity in bitcoin, ethereum and cryptocurrencies stands in stark distinction to the opinion of chief government Jamie Dimon, <a target="_blank" href="https://www.forbes.com/sites/billybambrough/2022/09/23/its-dangerous-jpmorgan-ceo-issued-a-serious-bitcoin-ethereum-and-crypto-warning-after-huge-2-trillion-price-crash/" class="color-link" title="https://www.forbes.com/sites/billybambrough/2022/09/23/its-dangerous-jpmorgan-ceo-issued-a-serious-bitcoin-ethereum-and-crypto-warning-after-huge-2-trillion-price-crash/" data-ga-track="InternalLink:https://www.forbes.com/sites/billybambrough/2022/09/23/its-dangerous-jpmorgan-ceo-issued-a-serious-bitcoin-ethereum-and-crypto-warning-after-huge-2-trillion-price-crash/" aria-label="who's repeatedly branded bitcoin and crypto "a fraud" and "a Ponzi scheme" in recent years" rel="noopener">who's repeatedly branded bitcoin and crypto "a fraud" and "a Ponzi scheme" in recent years</a>.</p> <p>In 2020, JPMorgan launched its JPM Coin U.S. dollar-pegged stablecoin, designed to hurry up and cut back the prices of cross-border funds, alongside its blockchain platform Onyx.</p> </div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>