Financials
Jamie Dimon
This family sold everything to make a big bet on bitcoin. Now they're camping out in the Netherlands, waiting to be multimillionaires.
In a white paper published by UBS, the bank issued some criticism toward bitcoin and its viability as a legitimate currency.
But UBS said that the underlying blockchain technology could have a "significant impact" on many industries.
The largest U.S. bank is investing in the blockchain technology behind bitcoin, despite its CEO's criticism of the digital currency.
Oct 16- JPMorgan Chase& Co said on Monday it launched a new payment processing network that uses blockchain technology, in partnership with Royal Bank of Canada and Australia and New Zealand Banking Group. While JPMorgan Chief Jamie Dimon has spoken out against bitcoin, he and other banking executives have lauded the technology. "Blockchain capabilities have...
It remains to be seen whether the cryptocurrency has more room to climb after crossing the $5,800 mark.
Elizabeth Schulze, CNBC International, discusses views of central bankers and fintech executives on regulating Bitcoin, and how IMF chief Christine Lagarde sees the cryptocurrency fitting into the financial system.
The “Fast Money” traders discuss the ongoing bitcoin craze and react to JPMorgan CEO Jamie Dimon once again denouncing the cryptocurrency.
WASHINGTON, Oct 13- BlackRock Inc Chief Executive Officer Larry Fink warned on Friday that financial markets are ignoring underlying risks, which means there could be a "big correction" if a major surprise world event occurred. If there is a major event, which I dont foresee anything, but if there is one, we could have a big correction, "he said at the annual meeting of...
Bitcoin hit a record high earlier on Friday, breaking above $5,800. Bitcoin is also up 470 percent this year.
The "Power Lunch" crew discusses JPMorgan CEO Jamie Dimon's latest comments on bitcoin.
JPMorgan CEO Jamie Dimon breaks down his view on bitcoin while speaking Friday at the Institute of International Finance.
JPMorgan Chase Chairman and CEO Jamie Dimon can't stop talking about bitcoin.
NEW YORK, Oct 13- Morrie Low, a 28- year-old who works for a mobile technology start-up in Seattle, called from vacation in Taiwan to chat about what he has been doing the past year with his Chase Sapphire Reserve card. Upwards of 1 million people signed up as users wrote in internet posts that its perks, credits and give-backs were so rich people could recoup the $450...
European shares near 4- mth highs, Asia hits latest decade high. LONDON, Oct 13- World stocks advanced for a fourth straight day on Friday on expectations of broad-based global growth, while the dollar was on course for its worst week in five as investors awaited U.S. inflation data. Earlier in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan hit a...
*European shares near 4- mth highs, Asia hits latest decade high. LONDON, Oct 13- World stocks rose for a fourth straight day on Friday on expectations of broad-based global growth, while the dollar headed for its worst week in five as investors awaited U.S. inflation data. Earlier in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan hit a 10- year high,...
Bitcoin's market capitalization hit over $97 billion and the price of the cryptocurrency is up more than 480 percent this year.
It's time for the world's central banks and regulators to get serious about digital currencies, according to the head of the IMF.
TOKYO, Oct 13- Asian stocks held firm near a 10- year high on Friday thanks to expectations of brisk global growth, although investors held off chasing the shares higher ahead of U.S. and Chinese economic data as well as the Chinese Communist Party congress next week. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, having gained 3.4...
NEW YORK, Oct 12- JPMorgan Chase& Co Chief Executive Officer Jamie Dimon got the market's attention by calling bitcoin a "fraud" last month, but he declined to discuss the topic on Thursday as his finance chief dialed back some of his earlier comments. "We are very open minded to the potential use cases in future for digital currencies that are properly controlled and...
