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JPMorgan Agrees To Pay $2.5 Million For Overcharging Cryptocurrency Transaction Fees

The class-action lawsuit was brought against JPMorgan back in 2018 when the company overcharged its customers for buying cryptocurrencies, as it categorized the purchases as cash advances. The bank has now agreed to compensate users, but did not admit to any faults. The class-action lawsuit had 62,000 members.

JPMorgan recently revealed that Bitcoin’s price is right where it should be, according to its ‘intrinsic value’ calculation.

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