A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Ireland has become the main regulator enforcing rules on how big tech companies collect and process user data under Europe's privacy law called GDPR.Technologyread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
Puerto Rico could well be the next hot place to do business for the cryptocurrency industry, said experts and entreprenenurs at a blockchain conference this week, while government officials unveiled efforts to support the industry there.
Manuel Laboy, secretary of Puerto Rico's Department of Economic Development and Commerce, announced on Thursday that it was forming an advisory council to help blockchain businesses grow.
The U.S. territory also offers tax benefits to businesses that relocate there.
At the three-day Blockchain Unbound conference this week at San Juan, Puerto Rico, Laboy told CNBC that it's a win-win situation for investors and Puerto Rico is eager to be part of the expanding cryptocurrency market.
He said that for every 14 available blockchain developer jobs, there is only one qualified person to fill the position.
"The government is looking for new ways to attract business," bitcoin bull Brian Kelly told CNBC. "Cryptocurrency is a new business."
He called Puerto Rico a "viable" place to set up shop. "As viable a place as Switzerland, as Singapore, as Hong Kong, " Kelly, founder and chief executive officer of the investment firm BKCM, said on "Fast Money. "
"And that what we're all here to find out, is how to do it in this environment," he added.
The cryptocurrency market has fallen on hard times recently, sparked by regulatory fears and Google's recent announcement that it is banning advertising related to cryptocurrency. Ripple, ethereum, bitcoin and litecoin were all down in the last week as a result of selloffs.
"It's probably a concern for the industry," Blockchain Industries Chairman and Chief Executive Officer Patrick Moynihan told CNBC in Puerto Rico.
Bitcoin, the popular digital currency that reached highs around $19,500 last December, fell below $8,000 this week.
CNBC's Seema Mody contributed to this article.