Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
The Pentagon on Thursday said the recent attack on Saudi Arabian oil facilities were "sophisticated" and represented a "dramatic escalation" in tensions within the region.Defenseread more
The flap illustrates the growing distrust of the YouTube community, and willingness to assume the worst in light of unclear communication.Technologyread more
Four years ago Microsoft had just two women on its board. Walmsley is now the fifth.Technologyread more
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
Patrick Shyu, a former tech lead at Google, has posted a series of videos making fun of Facebook, where he worked as a software engineer until last month.Technologyread more
"The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin," Dorsey said in a report published Wednesday. It would happen "probably over ten years, but it could go faster."
In less than a decade, bitcoin has rapidly evolved from being an object of fringe interest into a globally traded asset with a derivatives product on the world's largest futures market. The cryptocurrency surged from less than $1,000 at the start of last year to a record above $19,000 in December. Bitcoin was trading just above $9,000 Wednesday morning.
Bitcoin over the last 12 months
Dorsey has become increasingly involved in cryptocurrencies. In late January, Square's mobile payments app Cash began offering bitcoin buying and selling in most states. Dorsey was also part of a $2.5 million seed financing round announced last week in Lightning Labs, a start-up trying to make bitcoin transactions more efficient.
The Twitter co-founder and CEO told The Times that payment processing companies such as Square need to help make sure bitcoin becomes more widely accepted. But he acknowledged that bitcoin "does not have the capabilities right now to become an effective currency."
"It's slow and it's costly, but as more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable," Dorsey said in the report.