The stablecoin launched by JPMorgan Chase, ‘JPM Coin’ is now reportedly ready for commercial use, according to the bank’s global head of wholesale payments. JPMorgan has also created a new blockchain unit called Onyx.

Cryptocurrency lender BlockFi has acquired 5.07% of Grayscale’s $4.8 billion bitcoin trust, or 24,235,578 GBTC shares, according to filings with the U.S. Securities and Exchange Commission (SEC).

San Francisco-based cryptocurrency exchange coinbase has disabled trading due to feed issues as the price of bitcoin has been moving up towards 2019 highs near $14,000.

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Top stories in the Crypto Roundup today:

• JPMorgan’s ‘JPM Coin’ Is Ready for Commercial Use, Executive Says
• Crypto Lender BlockFi Buys 5% of Grayscale’s Bitcoin Trust
• Coinbase Suffers Outage as Bitcoin Rises Towards 2019 Highs
• CRV, BZRX, COMP Are Moving in the Crypto Market
• Sponsored: Start Mining Bitcoin and Other Cryptos Using ScryptCube

JPMorgan’s ‘JPM Coin’ Is Ready for Commercial Use, Executive Says

The stablecoin launched by JPMorgan Chase, ‘JPM Coin’ is now reportedly ready for commercial use, according to the bank’s global head of wholesale payments. JPMorgan has also created a new blockchain unit called Onyx.

Speaking to CNBC, Takis Georgakopoulos revealed that the JPM Coin is already being used by large technology clients to send payments around the world. Georgakopoulos declined to name the tech client, but added others are being on-boarded.

Per Georgakopoulos JPMorgan is working on relieving pain points in the world of wholesale payments. A given example were cross-border payments, which currently rely on a complex web of correspondent banks, and that sometimes see payments get rejected for errors in account information. JPMorgan itself is said to move over $6 trillion a day across more than 100 countries.

The tech client has been onboarded as JPMorgan launched its new business to house blockchain and digital currency efforts, called Onyx. The unit has 100 dedicated staffers. JPMorgan is also reportedly looking to create payment rails for central banks exploring digital currencies.

Crypto Lender BlockFi Buys 5% of Grayscale’s Bitcoin Trust

Cryptocurrency lender BlockFi has acquired 5.07% of Grayscale’s $4.8 billion bitcoin trust, or 24,235,578 GBTC shares, according to filings with the U.S. Securities and Exchange Commission (SEC).

In a press statement, BlockFi’s CEO Zac Prince revealed the “significant” position in GBTC will “add value” to the “marketplace for liquid and illiquid shares.” The only other entity with comparable GBTC holdings is Three Arrows Capital, with over 21 million shares as of June, or a 6.26% stake in GBTC at the time.

Speaking to CoinDesk, Price added there are “lending markets related to GBTC.” Entities with a position above the 5% threshold are required to publicly disclose their ownership positions.

Coinbase Suffers Outage as Bitcoin Rises Towards 2019 Highs

San Francisco-based cryptocurrency exchange Coinbase has suffered an outage related to feed issues as the price of bitcoin has been moving up towards 2019 highs near $14,000.

In a company updated published on Wednesday, Coinbase said they were “currently investigating the issue.” Coinbase has suffered other outages during busy periods in the markets this year, causing outrage on social media as traders are unable to access the markets using the exchange when they most need to.

The outage comes at a time in which BTC is trading above $13,600 and seemingly moving up towards its 2019 highs close to the $14,000 mark. The last outage Coinbase’s web app endured was on September 4, according to the firm’s status page.

CRV, BZRX, COMP Are Moving in the Crypto Market

There are several tokens leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with rather liquid trading pairs, so we’ll be focusing on these over low-cap cryptos who may have higher percentage changes.

CurvE DAO Token (CRV) – The governance token of the decentralized finance (DeFi) protocol Curve, CRV, is up 38.26% in the last 24-hour period.  Curve allows users to trade stablecoins while rewarding liquidity providers with income from fees.

bZx (BZRX) – BZRX, the governance token of the bZx protocol, has seen its price move up over 21.75% in the last 24-hour period. bZx itself is not an exchange, but a protocol that can be integrated into the current exchange infrastructure.

Compound (COMP) – The governance token of the DeFi lending protocol Compound, COMP, is up 5.5% in the last 24 hours, amid a trend that has been seeing DeFi tokens appreciate rapidly.

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