The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
The blockchain start-up Ripple's cryptocurrency is not a security, one of its top executives told CNBC on Wednesday, seeking to put to rest speculation that it has not been added to popular exchange Coinbase because of questions over its status.
"We absolutely are not a security. We don't meet the standards for what a security is based on the history of court law," Ripple's chief market strategist, Cory Johnson, told CNBC in an interview.
The statement comes amid debate over whether U.S. securities laws apply to cryptocurrencies. The U.S. Securities and Exchange Commission has indicated the laws apply generally to them, and it has also issued dozens of subpoenas and requests for information on sales of new digital coins.
Bitcoin and ethereum, the largest cryptocurrencies by market capitalization, are generally not considered securities. Right now, Coinbase only lists four coins: bitcoin, its offshoot bitcoin cash, ethereum and litecoin. It had more than 13 million users at the end of November, and traders have speculated that the addition of a new coin to Coinbase would likely bring in more buyers.
U.S. officials have also warned exchanges not to list unregistered tokens, which Bloomberg cited last week as a possible sticking point to ripple's addition to popular U.S. exchange Coinbase.
San Francisco-based Ripple is developing a payments network for financial institutions. XRP, often called ripple, is the name of the coin participants can use for transactions. Ripple owns about 60 billion of the 100 billion XRP tokens ever created.
Ripple was in talks to add its cryptocurrency to Coinbase, according to Johnson. He says the issue of XRP's status with regulators never came up.
"Coinbase never ever raised the issue of whether or not XRP is a security in our discussions about listing XRP," Johnson said. "We're 100 percent clear, it's not a security. We don't meet the standards."
A spokesperson for Coinbase also confirmed that it did not discuss regulation with Ripple, and their conversations revolved around criteria for adding assets broadly, which the company updated in March, Coinbase said.
Coinbase spokespeople declined to comment on other details of their Ripple discussions.
Ripple's cryptocurrency, which hit a record high of $3.84 in January, has pulled back significantly to around 56 cents as of Thursday, according to CoinMarketCap.com.