Tag: US 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…

How New Yorkers rejected Amazon’s $2 billion deal

How New Yorkers rejected Amazon’s $2 billion deal

Amazon announced plans in November for a $2 billion headquarters in New York’s Long Island City, also known as HQ2. Almost from the beginning, New Yorkers were skeptical. In the days after the deal was announced, there were a ton of protests. But three months later, the company is abruptly pulling out, chased out by…

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…

Cryptocurrency Firm Loses Codes and Gets Hacked, Millions Lost

Cryptocurrency Firm Loses Codes and Gets Hacked, Millions Lost

Recent developments in the cryptocurrency world highlight the dangers of trading in this type of “coin.” But how important is cryptocurrency to the financial world and why should we care? We discuss the issue with white collar criminologist Bill Black Visit https://therealnews.com for more stories and help support our work by donating at https://therealnews.com/donate.