Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
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Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
Although the unregulated alternative to cash money is considered high risk, in part due to its volatility, Peter Smith, chief executive of Blockchain, a bitcoin wallet, said the cryptocurrency was a better bet than regular currencies.
"If you had allocated assets into bitcoin five of the last six years, you would've done better than your local currency," Smith told old CNBC"s "The Rundown."
The pound has dropped about 10 percent against the dollar since U.K.'s referendum last Thursday when voters elected to leave the European Union. The euro, meanwhile, has fallen about 3 percent.
With millions using bitcoin every month, the user base was substantial, Smith told CNBC on the sidelines of the World Economic Forum's Annual Meeting of the New Champions in Tianjin.
"For any kind of alternative to the banking system to have attracted millions of users, that hasn't happened since PayPal," he said.
Several global banks including Santander and UBS , are conducting real-world trials using blockchain technology for international cross-border payments, a move that could make the process faster and cheaper.
Blockchain works like a huge, decentralized ledger for the digital currency bitcoin, recording and storing every transaction on a global network so it cannot be tampered with.