Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread 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
Indian Prime Minister Narendra Modi's likely return to power for a second term will likely be positive for his country's growth, according to economists and investors.Asia Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
U.S. Trade Representative Robert Lighthizer will meet with officials from the European Union and Japan at the ministerial meeting of the Organization for Economic Co-operation...World Economyread more
The U.S. Department of Justice could have made at least ten times more than the $48 million it took in from the bitcoin holdings of dark web marketplace founder Ross William Ulbricht.
The U.S. government seized 144,336 bitcoins gained from Silk Road's illegal activities that were found on Ulbricht's laptop, Joon H. Kim, the Acting United States Attorney for the Southern District of New York, announced Friday.
Law enforcement authorities shut down Silk Road, which sold illegal drugs and other products, in 2013, and Ulbricht was found guilty in 2015. But the marketplace founder disputed the U.S. seizure of the bitcoins until last week, when he withdrew his claim.
"These Bitcoins were ultimately sold by the United States Marshals Service pursuant to Court order for $48,238,116," Friday's release said.
Bitcoin five-year performance
That means that when the U.S. authorities sold bitcoin in the wake of the 2013 Silk Road crackdown, the average selling price was $334 each.
If the government had held onto the digital coins, their total worth would be more than $600 million at Tuesday's price of around $4,300, according to CoinDesk.
The U.S. Marshals don't look for investment opportunities and there was no reason for them to hold onto the bitcoins, Justice Department spokeswoman Dawn Dearden told CNBC.
CNBC reported in late August that law enforcement is finding it easier to track criminal activity in bitcoin, causing some illegal activity to move into other digital currencies.