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Amazon Q1 results buck expectations with huge profits, optimistic outlook; Prime membership fees hiked in US
•Revenue from third-party sellers paying to promote their products on Amazon.com was an unusually large bright spot during the quarter.
Xiaomi is in talks with action-camera maker GoPro for a possible acquisition deal
Tech2 News Staff •GoPro CEO Nick Woodman has approached investment bank JPMorgan Chase & Co to get advise on this possible acquisition sale.
Bitcoin could become a new asset class like gold or stocks and not just a cryptocurrency, claims Chairman of CME Group
•Melamed said he expects major investors to take part in bitcoin futures, which the exchange plans to start by the end of year.
RBI looking into cryptocurrencies as legal tender; expresses discomfort with bitcoin
•The RBI has a group looking into cryptocurrencies as legal tender, a senior official said, but emphasized the central bank’s discomfort with Bitcoin.
JPMorgan Chase working on introducing digital mortgage platform
Fp Archives •JPMorgan Chase & Co is gradually introducing a digital mortgage platform where customers can apply online and track applications by mobile phone.
US federal judge rules that Bitcoin is money in JPMorgan hack attacks case
Fp Archives •Bitcoin qualifies as money, a federal judge ruled on Monday, in a decision linked to a criminal case over hacking attacks against JPMorgan Chase & Co and other companies. U.S.
Two persons charged with cyberfraud against JPMorgan and others plead not guilty
Fp Archives •Two Israeli citizens pleaded not guilty on Thursday to orchestrating a massive computer hacking and fraud scheme that included an attack against JPMorgan Chase & Co and generated hundreds of millions of dollars of illegal profit.
JPMorgan settles Madoff's massive Ponzi scheme claims for $1.7 bn
Fp Archives •JPMorgan Chase & Co, already beset by other costly legal woes, will pay over $2 billion for ignoring obvious warning signs of Bernard Madoff's massive Ponzi scheme, authorities said today.
JP Morgan to pay $4 bn in consumer relief, nears $13 bn settlement
Fp Archives •The $4 billion portion of the deal would pay for write-downs of mortgage loans, demolition in blighted areas and lower monthly payments for homeowners, the person said on Monday.
JPMorgan's $13 bn settlement stumbles yet again
Fp Archives •JPMorgan Chase & Co and the US Justice Department have hit snags in working out the final details of their $13 billion settlement over the bank's mortgage bonds, two people familiar with the talks said.
