Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
Electronic material that Infowars host Alex Jones turned over to families of Sandy Hook Elementary School shooting victims who are suing him contained images of child...Politicsread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
Eleven banks that lend to shipping lines announced Monday that climate impact will be integrated into the criteria that determines how much shipping companies can borrow, an...Transportationread more
Florida businessman Barry Honig agreed to a proposed judgment with the SEC in a case it called "classic pump-and-dump schemes," according to Monday filings.Crimeread more
"The recent Iranian attacks validate the reliable, credible intelligence we have received on hostile behavior by Iranian forces," Shanahan says.Politicsread more
"They're fun. They're companies you know or can learn about," he said, "and you can happily buy them into weakness if you've done the homework and you believe in their...Mad Money with Jim Cramerread more
"The idea that you can put it in dog food and it's going to calm your dog ... I think that's pretty hokey," former FDA chief Scott Gottlieb says.Health and Scienceread more
One of Asia's largest banks is of the opinion that bitcoin is currently a financial scam.
"We see bitcoin as a bit of a Ponzi scheme," David Gledhill, group chief information officer and head of group technology and operations at DBS, told CNBC on Wednesday.
Bitcoin transactions are "incredibly expensive" and "all the fees are hidden through the crypto-mechanisms," he said on the sidelines of the Singapore Fintech Festival. "We don't think DBS being in that game right now is going to create a competitive advantage for us."
Instead, Gledhill said, it currently makes more sense for the bank to focus on its electronic transactions of government-backed currencies.
He is hardly the first to take a negative stance on the digital token.
Eventually, Gledhill predicted, bitcoin pricing will become "very cheap because that's how it will scale," adding that there's no current pricing advantage for DBS.
DBS is Southeast Asia's largest lender and a big believer in emerging technologies. Earlier this year, the bank said it launched a cloud-based e-learning management system powered on artificial intelligence for its employees.
Bitcoin isn't going to help DBS bring in customers, deposits or wealth management so "right now, it's watch and learn," Gledhill said.
The cryptocurrency has been volatile in recent weeks, slumping to $5,507 Sunday after hitting a record high of $7,879 last week.
In response to Gledhill's remarks, Matthew Roszak, co-founder and chairman of Bloq, a blockchain enterprise software company, came to bitcoin's defense.
"When I hear comments like that, I think a lot of folks are having their Kodak moment, where maybe they don't really understand the magnitude of this technology."