Tag: cable news

Fed's Jerome Powell: Cryptocurrency's effect on monetary policy is not large

Fed's Jerome Powell: Cryptocurrency's effect on monetary policy is not large

Fed chairman Jerome Powell testifies at Capitol Hill on cryptocurrency. Rep. Barry Loudermilk (R- Ga.) questions. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect…

JP Morgan rolling out its own cryptocurrency

JP Morgan rolling out its own cryptocurrency

J.P. Morgan is rolling out the first US cryptocurrency backed by a bank. Engineers at the lender have created the “JPM Coin,” a digital token that will be used to instantly settle transactions between clients of its wholesale payments business. While J.P. Morgan’s Jamie Dimon has bashed bitcoin as a “fraud,” the bank chief and…

Here’s how JPMorgan’s cryptocurrency is different from bitcoin

Here’s how JPMorgan’s cryptocurrency is different from bitcoin

J.P. Morgan Chase will be the first major U.S. bank to create its own cryptocurrency. In trials set to start in a few months, a tiny fraction of the $6 trillion the bank lends to corporations will happen over something called ‘JPM Coin.’ The digital token created by engineers at the New York-based bank to…

JP Morgan to launch its own cryptocurrency

JP Morgan to launch its own cryptocurrency

J.P. Morgan Chase will be the first major U.S. bank to create its own cryptocurrency. In trials set to start in a few months, a tiny fraction of the $6 trillion the bank lends to corporations will happen over something called ‘JPM Coin.’ The digital token created by engineers at the New York-based bank to…

GE to create new $1.2B IoT software company

GE to create new $1.2B IoT software company

CNBC’s ‘Squawk Box’ team discusses General Electric’s plans to create a new software company in an effort of expanding its Internet of Things leadership, selling its majority stake in ServiceMax and an analyst’s call on the stock to bottom.