JPM Coin

JPM Coin, the digital token launched by JPMorgan Chase & Co (NYSE: JPM), is forecasted to handle up to $10 billion in daily transactions within the upcoming one to two years, marking a significant growth from the current $1 billion daily transactions. What Happened Since its launch in 2019, JPM...

JPMorgan Chase & Co. (NYSE: JPM) has initiated its inaugural collateral settlement using blockchain technology. The bank's Tokenized Collateral Network (TCN) facilitated BlackRock Inc. (NYSE: BLK) in converting shares from one of its money market funds into digital tokens. These tokens were...

JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon's view against Bitcoin is widely known. The CEO reiterated this at the New York Times DealBook Summit on Wednesday by saying the cryptocurrency is "just not my cup of tea," Yahoo! Finance reported. What...

Bitcoin briefly crossed the $14,000 milestone on Saturday, marking its highest price quote since January 2018. From the opening price of $7,194.89, on Jan. 1, BTC is up 90.5% on a year-to-date basis, according to data from Yahoo Finance. What Happened: Economic stimulus plans and revival programs...

JPMorgan Chase & Co's (NYSE: JPM) cryptocurrency "JPM Coin" is now live for commercial use, Takis Georgakopoulos, the bank’s global head of wholesale payments told CNBC. What Happened: The New York-based bank’s digital currency was used this week to send...

Main Street seems to be giving cryptocurrency a second look. Last week, Jamie Dimon and JPMorgan Chase & Co. (NYSE: JPM) announced an investment in JPM Coin, which will become the first digital token provided by a U.S. bank. This week, Tesla Inc (NASDAQ: TSLA) CEO Elon Musk lent cryptocurrency...

JP Morgan Chase & Co. (NYSE: JPM) has paved a path for big banks to break into cryptocurrency. The markets don’t seem to care. What Happened The bank’s stock was unresponsive Thursday morning to reports revealing a new investment in cryptocurrency. “JPM Coin” will be the...