JP Morgan Launching Its Own Cryptocurrency JP Morgan Launching Its Own Cryptocurrency
The first cryptocurrency created by a major U.S. bank is here and it's from J.P. Morgan Chase. The lender moves more than $6 trillion around the world every day for corporations in its massive wholesale payments business. In trials set to start in a few months, a tiny fraction of that will happen over something called 'JPM Coin,' the digital token created by engineers at the New York-based bank to instantly settle payments between clients. J.P. Morgan is preparing for a future in which parts of the essential underpinning of global capitalism, from cross-border payments to corporate debt issuance, moves to the blockchain. That's the database technology made famous by its first application, bitcoin. But in order for that future to happen, the bank needed a way to transfer money at the same dizzying speed that those smart contracts closed, rather than relying on old technology like wire transfers. This entry was obtained by us on 2019-02-14 14:09:18. Share this content on social media: Have a look at www.cnbc.com for more from this source. Leave a Comment

Bitcoin is below $6,000. But these other cryptos are hot, says trader Bitcoin is below $6,000. But these other cryptos are hot, says trader
Bitcoin fell below $6,000 on Thursday. According to cryptocurrency trader Ran Neu-Ner, it's likely to go even lower. "There's more blood to come," Neu-Ner, who is host of CNBC Africa's "Crypto Trader," said Thursday on "Fast Money." Bitcoin traded down 3.3 percent at $5,885.60 as of 6:54 a.m. ET on Friday morning. "Right now my money is on the market continuing to go down," he said. In fact, Neu-Ner said there's more than a 60 percent chance of a crypto bear market compared with a 16 percent chance of a bull market. "And a bear market means we're going to test $5,350" as the new low, the founder of OnChain Capita said. This entry was retrieved by us on 2019-01-16 16:42:30. Share this content on social media: Related assets may include BTC, TCN. See www.cnbc.com for more similar content. Leave a Comment

Bitcoin price in 2018 could hit $60,000 but another crash is coming Bitcoin price in 2018 could hit $60,000 but another crash is coming
Cryptocurrency entrepreneur Julian Hosp says bitcoin's rapid rise isn't over yet. But there's a catch. "I think we're going to see bitcoin hitting the $60,000 mark, but I also think we're going to see bitcoin hitting the $5,000 mark," said Hosp, co-founder and president of TenX, a firm that wants to make it easier for people to spend virtual currencies. "The question is though, 'Which one is it going to hit first?'" he said. Numerous high-profile critics and several national governments have warned of the dangers of investing in cryptocurrencies, which they say are likely to crash because nothing underpins their value. This data was discovered by us on 2019-01-16 16:30:27. Share this content on social media: Related crypto assets may include BTC, TCN. See www.cnbc.com for complete listings from this source. Leave a Comment

Mining rigs, pools and shares: The bitcoin hobby ecosystem Commentary Mining rigs, pools and shares: The bitcoin hobby ecosystem Commentary
Over the holidays, I spent many hours reading up on bitcoin, and I was struck by just how large the ecosystem and variety of players was. Putting aside the debate around bitcoin's value, I think there is no debate that this is an intriguing and very very interesting space. As an investor, I'm bullish but cautious, as a hobbyist I can't stop reading about it. (By way of disclosure, I own a very small number of bitcoins. Also I'll tell you about a bunch of services I've played with but I can't vouch for them beyond a cursory examination. There are certainly fraud and theft concerns in the bitcoin universe so caveat emptor.) This piece was first seen by us on 2019-01-16 15:54:32. Share this content on social media: Related assets may include BTC, TCN. You may want to visit www.cnbc.com to find more similar content. Leave a Comment

In the world of cryptocurrency buzz, blockchain is the real winner In the world of cryptocurrency buzz, blockchain is the real winner
The investment world hasn't seen a party quite like bitcoin and cryptocurrency until 2017. Bitcoin rose about twentyfold in value last year, ethereum surged more than 11,200 percent and ripple, the rising new coin, skyrocketed almost 10,000 percent. Consumed by the growth, many investors are seeing the cryptoworld only in the lens of price movements. But for those who aren't interested in buying and selling and managing cryptocurrency portfolios, there's another way to invest in the space learning and investing in the blockchain technology. Blockchain is a robust technology that resembles the internet in the early '90: It packs the potential to change the way we live, work, consume and interact. This entry was first found by us on 2019-01-16 15:24:19. Share this content on social media: Related crypto assets may include REAL. See www.cnbc.com for complete listings from this source. Leave a Comment

Crypto advocate: Bitcoin's value will come in time Crypto advocate: Bitcoin's value will come in time
Bitcoin's narrative is hard to pin down, but as with early internet stocks, real traction will come in time, cryptocurrency advocate Meltem Demirors told CNBC on Monday. "New technologies that shift the paradigm take a long time to really understand," Demirors, who acts as chief strategy officer at digital asset manager CoinShares, said on CNBC's "Fast Money." Despite bitcoin's aspiration to be a safe haven asset, the cryptcurrency has not seen a rally with the stumble of the Turkish lira, which hit a fresh all-time low against the dollar on Monday. Except for a brief rally in July, bitcoin has been on a near-steady downward slide since briefly topping $19,000 in December. Even the announcement more than a week ago that the Intercontinental Exchange would help create an open and regulated digital asset ecosystem brought little movement in bitcoin's price. This post was discovered by us on 2019-01-16 14:59:58. Share this content on social media: These assets may interest you BTC, TCN. See www.cnbc.com to find more similar content. Leave a Comment

Audi just unveiled its challenge to the Tesla Model S Audi just unveiled its challenge to the Tesla Model S
German auto manufacturer Audi has given car fans a preview of what its first production electric sedan could look like. The e-tron GT, a concept car, was unveiled at the LA Auto Show in California on Wednesday; it continues Audi's fight to wrest electronic car sales from U.S. rival Tesla. The car, set to arrive in showrooms in 2021, is to be powered by a 590-brake-horsepower motor and should reach 60 miles per hour in less than 3.5 seconds. "One feature that not all the competition can match is the option of fully utilizing the [vehicle's] acceleration potential several times in succession," the company said in a statement. This post was found by us on 2019-01-16 14:55:57. Share this content on social media: You may want to visit www.cnbc.com to find more similar content. Leave a Comment

Bitcoin Bitcoin
Bitcoin suddenly dropped as much as 9 percent on Thursday morning. Read More Ripple has an ambitious plan to disrupt the cross-border payments business. Read More Security tokens digital versions of financial securities like stocks and bonds are becoming a new buzzword in crypto. Read More Bill Miller, Miller Value Partners CIO, joins 'The Exchange' to discuss where he sees markets going in 2019, his stock picks, if he sees an economic slowdown coming and his thoughts on cryptocurrency. Read More Bill Miller, Miller Value Partners CIO, joins 'The Exchange' to discuss where he sees markets going in 2019, his stock picks, if he sees an economic slowdown coming and his thoughts on cryptocurrency. This data was obtained by us on 2019-01-16 14:40:22. Share this content on social media: Mentioned assets BTC, TCN. Visit www.cnbc.com for more. Leave a Comment

Bitcoin falls after Goldman reportedly drops crypto trading plans Bitcoin falls after Goldman reportedly drops crypto trading plans
Bitcoin slipped below $7,000 Wednesday after a report that Goldman Sachs is abandoning plans to open a trading desk for cryptocurrencies. The world's largest digital currency fell roughly 6 percent to a low of $6,866.06, according to data from CoinDesk. Goldman still sees the regulatory environment as ambiguous, according to Business Insider, which cited people familiar with the matter. The Wall Street giant has been considering the launch of a new trading operation focused on bitcoin and other digital currencies for the past year. The bank's CEO Lloyd Blankfein tweeted in October that Goldman was "still thinking about bitcoin." This share was first found by us on 2019-01-16 14:34:07. Share this content on social media: Related crypto assets include BTC, TCN, REPO. Have a look at www.cnbc.com for more. Leave a Comment

XRP and ether drop double digits in massive cryptocurrency sell-off XRP and ether drop double digits in massive cryptocurrency sell-off
Bitcoin has had a tough week but it was other, lesser-known cryptocurrencies leading the selling-spree Tuesday. Ether, which is the second largest cryptocurrency behind bitcoin, was the biggest loser among the top five by market capitalization and fell more than 12 percent, according to data from industry site CoinMarketCap.com. Ether is down 65 percent this year and was trading near $260 Tuesday after starting the year above $760. "The crypto market seems to have hit panic mode, with prices falling significantly across the board," said Matthew Newton, analyst at global investment platform eToro. "As we can see in the case of Ether, investors seem to be increasing liquidations of their ICO holdings, with significant drops in price and increased volumes." This share was first seen by us on 2019-01-16 14:33:54. Share this content on social media: Related assets may include XRP. Check out www.cnbc.com for more from this source. Leave a Comment

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