Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
The embattled leader is expected to outline a timetable for her successor to be chosen.Europe Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute...Earningsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
SpaceX sent 60 satellites into space in a key first mission toward the company's own high-speed internet network.Internetread more
Zilingo founder Ankiti Bose says working as an investment analyst helped her build her near-$1 billion fashion start-up.Ditching the Corporate Liferead more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Federal regulators and law enforcement agencies don't need new laws to tamp down on the more seedy uses of bitcoin and other virtual currencies, Sen. Thomas Carper, D-Del., told CNBC on Tuesday.
"They've told us right now that we don't need more legislation," Carper said on "Squawk on the Street." "They think they have the powers they need to go after the bad stuff."
Carper, the Homeland Security and Governmental Affairs Committee chairman, told CNBC that federal agencies, from the IRS to the FBI, have assured him that they can police illicit uses of cryptocurrencies, such as money laundering or drug trafficking, through the country's current legal framework.
(Read more: Want to snag a rich guy? Accept bitcoins)
He likened virtual currencies to the beginning of the Internet, when the "early message on the Internet was lets not kill the baby in the cradle," Carper said.
(Read more: Overstock CEO: Why we're accepting bitcoins)
"We know there's some bad stuff that can happen through the use of virtual currencies like bitcoin, but we also know that some good things could happen," Carper said. "It can enhance transactions between buyers and sellers. It can actually help Internet and national trade."
(Read more: Buzzfeed COO: How I mined for bitcoins)
The senator's comments come several weeks after his committee held a hearing on virtual currencies such as bitcoin, introducing the new type of digital payments to the mainstream.
Since then, the U.S. has taken a markedly different approach to virtual currencies compared to China, which moved to ban banks from using bitcoin as a currency last month. Instead, U.S. regulators haven't clamped down on virtual currencies, as more and more businesses announced they'll accept the currency.
"I don't know if it will ever become a legitimate mainstream currency," Carper said. "It's not something we should ignore. We do so at our own peril. There are bad things that can happen with these virtual currencies like bitcoin. ... Meanwhile, let's see what kind of good can flow from" them.
—By CNBC's Jeff Morganteen. Follow him on Twitter at and get the latest stories from "Squawk on the Street."