Techmeme

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Evelyn Cheng / CNBC:
Status of Qualcomm-NXP deal unclear as Reuters says that sources close to the deal are not aware of any Chinese approval, contrary to SCMP and Bloomberg reports   —  - NXP shares spiked more than 10 percent in after-hours trading Thursday following reports from South China Morning Post and Bloomberg …
Jun 15, 2018, 10:42 AMIn context
Evelyn Cheng / CNBC:
Michael Arrington says he received SEC subpoena related to ICO investment, as did every crypto fund he talked to; source: SEC subpoenaed ~80 firms in ICOs probe   —  - “We received a subpoena.  Every [crypto]fund I've talked to has received one," said Michael Arrington …
Mar 2, 2018, 5:16 PMIn context
Evelyn Cheng / CNBC:
Bernstein analysts estimate that Bitmain made between $3B and $4B in operating profit in 2017 by selling bitcoin miners and mining cryptocurrencies   —  - Based on conservative estimates of gross margin of 75 percent and operating margin of 65 percent, Bernstein analysts calculate …
Feb 24, 2018, 2:00 AMIn context
Evelyn Cheng / CNBC:
Jack Dorsey says almost all Square Cash App users can now trade Bitcoin on the platform; service isn't available for users in NY, Georgia, Wyoming, Hawaii   —  - Users of Square's Cash payments app can now trade bitcoin, except for those located in New York, Georgia, Wyoming and Hawaii, according to the company's website.
Jan 31, 2018, 1:00 PMIn context
Evelyn Cheng / CNBC:
SEC announces it has obtained a court order to halt and recover the assets of Dallas-based “decentralized bank” AriseBank's ICO, which allegedly raised ~$600M   —  - U.S. Securities and Exchange Commission announces it has obtained a court order to halt AriseBank's initial coin offering.
Jan 30, 2018, 10:25 AMIn context
Evelyn Cheng / CNBC:
Cryptocurrency values decline sharply, with Bitcoin down 25%+, briefly below $10K, Ethereum down as much as 30%, and Ripple down 40% at one point on Tuesday   —  Bitcoin briefly plunged below $10,000 late Tuesday afternoon on Coinbase, after first topping the psychologically key level in late November.
Jan 16, 2018, 6:00 PMIn context
Evelyn Cheng / CNBC:
Ripple co-founder Chris Larsen reportedly owns 5.19B XRP tokens and a 17% stake in the company, valued at ~$59.9B after 36,000% increase in XRP value   —  - With Ripple's XRP coin hitting a high of $3.84, the company's co-founder and executive chairman, Chris Larsen, is now worth about $59.9 billion on paper.
Jan 4, 2018, 1:55 PMIn context
Evelyn Cheng / CNBC:
Ripple surged 50%+ on Friday and is now valued at ~$85B, surpassing Ethereum's market cap and becoming the second-most valuable cryptocurrency   —  - Officially called XRP, ripple climbed 55.9 percent to a record high of $2.23 Friday afternoon, according to CoinMarketCap.
Dec 30, 2017, 9:05 AMIn context
Evelyn Cheng / CNBC:
Coinbase says it has re-enabled cryptocurrency trading after suspending it for several hours due to “high traffic”   —  Coinbase, one of the biggest bitcoin marketplaces in the U.S., said Friday that buying and selling was temporarily disabled amid a price rout in cryptocurrencies.
Dec 22, 2017, 11:24 AMIn context
Evelyn Cheng / CNBC:
Bitcoin plunged below $11K for a while, down 40%+ from record high of ~$19.8K at the start of the week, amid a crash in all major cryptocurrencies   —  - Bitcoin plunges more than 40 percent from its all-time high reached Sunday, according to Coinbase.  — Stocks that have soared dramatically …
Dec 22, 2017, 10:55 AMIn context

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