Most Of Crypto ‘Still Junk,’ JPMorgan Blockchain Head Says — Despite Bank’s Increased Interest In DeFi

JPMorgan’s head of blockchain believes that most cryptocurrencies have a short lifespan.  What Happened: Umar Farooq, CEO of JPMorgan’s blockchain unit Onyx, talked at a seminar hosted by the Monetary Authority of Singapore on Monday about the implications of lagging cryptocurrency regulations.