Coinbase To Suspend Trading in XRP
Cryptocurrency exchange Coinbase said on Monday it would suspend trading in cryptocurrency XRP after U.S. regulators last week charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering. From a report: T.....»»
Don’t look now, but GameStop’s stock price is surging again
75 percent increase in one hour disrupts weeks of relatively calm prices. Enlarge / HODL! (credit: Getty Images) GameStop's stock price saw yet another sudden surge in late trading hours on Wednesday. After opening at $44.70 that morning, the.....»»
USV has been aggressively selling off shares in Coinbase in run up to IPO
Coinbase’s S-1 publicly dropped this morning with much anticipation. My colleague Alex Wilhelm has the high-level details, but there was one major wrinkle for the crypto trading darling: two of its early investors seem to be cutting down their stak.....»»
Coinbase files to go public in a key listing for the cryptocurrency category
This morning Coinbase, an American cryptocurrency exchange, released an S-1 filing ahead of its direct listing. The company’s public debut has been hotly anticipated thanks to recent activity amongst bitcoin and other blockchain-based assets, t.....»»
GameStop surges again as Reddit crashes temporarily
Trading in GameStop shares halted minutes before markets closed but jumped again in late trading......»»
BigCommerce customers can now sell on Walmart’s online marketplace
BigCommerce has partnered with Walmart to allow its customers to sell on the Bentonville, Arkansas-based retailer’s ecommerce marketplace, it announced this morning. Shares of Austin-based BigCommerce rose sharply in pre-market trading after th.....»»
Car PCB makers may see revenues hit by deferred shipments
Taiwan's automotive PCB makers may see short-term impacts on their revenues from deferred deliveries of shipment to car vendors who are forced to suspend production due to shortages of automotive chips, according to industry sources......»»
GameStop CFO resigns a month after the Reddit trading frenzy
After a wild several weeks for GameStop, the retailer's chief financial officer is resigning......»»
SEC halts trading of iced tea company that pivoted to blockchain
The company's blockchain business "never became operational," SEC says. Enlarge (credit: Lipton / Timothy B. Lee) Back in 2017, we reported on the bizarre story of the Long Island Iced Tea Company rebranding itself as the Long Blockchain Corp......»»
If Coinbase is worth $100 billion, what’s a fair valuation for Stripe?
Mere days after we discussed Coinbase at $77 billion and Stripe at $115 billion in the private markets, those same semi-liquid exchanges have provided a new valuation for the cryptocurrency company. It’s now $100 billion, per Axios’ repor.....»»
Continental to suspend annual dividend, citing net loss
The German supplier, which is due to release preliminary full-year results on March 9, added that it remained committed to a mid-term dividend policy of paying out 15-30 percent of net income to shareholders......»»
Robinhood boss says GameStop episode "unacceptable"
Lawmakers grill key players in the GameStop trading frenzy at a hearing in Washington......»»
Paying $115B for Stripe or $77B for Coinbase might be quite rational
It's hard to overvalue a startup when the public market is willing to double its valuation the moment it starts to trade. CoinDesk reported yesterday that crypto trading startup Coinbase is being valued at $77 billion on private exchanges......»»
Nissan to suspend output at 2 assembly plants in Japan after quake
The automaker's Oppama and Shonan plants will halt production on Feb. 22 and 23 due to part supply disruptions following a Saturday earthquake......»»
As expected, stock trading service Public raises $220M at unicorn valuation
The day before Robinhood goes under the the Congressional hammer, domestic rival Public.com announced this morning that it has closed a $220 million funding round at a $1.2 billion valuation. News of the round was first broken by TechCrunch. Further.....»»
Bitcoin briefly breaks the $50,000 barrier as Coinbase’s direct listing looms
The hodl-crew are having quite the moment as bitcoin passed the $50,000 mark earlier today for the first time. Data pegs the peak at just over $50,500. The price of bitcoin, the world’s best-known cryptocurrency, has historically proven a reaso.....»»
The Rich Got Richer: GameStop"s Trading Frenzy Benefited Wall Street"s Elite
While GameStop's surge has been heralded as a victory for underdogs, "Growing evidence casts doubt on the idea that the episode mostly benefited small-time investors..." reports the Washington Post. (Alternate URLs here and here "And, in at least s.....»»
There is infinite money for stock-trading startups
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday morning? Sign.....»»
Canadian Regulator Clears Launch of World"s First Bitcoin ETF
Canada's main securities regulator has cleared the launch of the world's first bitcoin exchange traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading inter.....»»
Biden administration taking steps to address chip shortages
White House press secretary Jen Psaki said that the Biden team is “currently identifying potential chokepoints in the supply chain and actively working alongside key stakeholders in industry and with our trading partners to do more now.”.....»»
As more insurtech offerings loom, CEO Dan Preston discusses Metromile’s SPAC-led debut
We spoke to Metromile CEO Dan Preston about what the day meant for his company and learn more the SPAC process for our own enjoyment. Metromile began trading as a public company yesterday. Its exit from the private market was accelerated by.....»»