BEN KRITZ
BANKING giant JPMorgan Chase created a momentary blip last week with the announcement that it had developed a prototype cryptocurrency, the first among major banks. The move was hailed by crypto evangelists as a major step toward legitimizing the concept of imaginary electric fairy tokens as money, particularly since JPMorgan chief executive officer Jamie Dimon has been one of cryptocurrency’s most vocal critics. Dimon famously dismissed cryptocurrency as “a fraud” just as the Bitcoin bubble was beginning its rapid inflation in late 2017.