Cryptocurrencies Bitcoin and Ether crashed in value last week after JPMorgan Chase CEO Jamie Dimon spoke critically of them at a conference televised by CNBC.
Specifically he said cryptocurrencies are a “fraud,” are “worse than tulip bulbs,” and that he would fire any JPMorgan Chase employee trading Bitcoin “because they are stupid.”
Prices for ETH and BTC fell by up to 26 percent in the days that followed.
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Check, a first-of-its-kind payroll infrastructure startup whose mission is to make paying people simple, announced its public launch today with $35 million in Series B funding from Stripe and Thrive Capital.
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