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Business, Financial & Legal Posts - Page 10

Seized Silk Road bitcoins auctioned off, with 45 bidders involved

The US Marshals Service successfully auctioned off bitcoins seized from Silk Road, with 45 registered bidders participating for their share of 29,000 bitcoins valued around $18.7 million. The auction took 12 hours and winning bidders will be contacted before the end of the day today to claim their prize.

 

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The bitcoins were separated into nine separate blocks of 3,000, and the last one had 2,657 bitcoins. The award process is currently ongoing, so there isn't a final tally of winning bidders just yet, according to the Marshals Service. This is a rather unprecedented event, so the government was unsure if it should reveal winning bidders - and what they paid for the seized bitcoins.

 

An additional cache of bitcoins valued around $85 million, which belonged to Silk Road owner Ross Ulbricht could be auctioned in the future - pending legal proceedings where Ulbricht saying they are his personal property and not related to Silk Road.

YouTube to create weekly radio show for Sirius XM

YouTube is a place where we mostly think of video being the focus of attention. However, a lot of music artists use the video site to get their music out there. YouTube has announced that it is helping to create a weekly radio show on Sirius XM satellite radio called the YouTube 15 on Sirius XM.

 

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The weekly show will be played on the Sirius XM Hits 1 radio network and will be hosted by Jenna Marbles. The show will air on the satellite radio network starting July 11 at 6pm ET. Replays of the show will be aired over the weekend.

 

The show will highlight artists that are emerging on YouTube and other pop songs that are on the video sharing site. Some of the up and coming artists have videos on YouTube that generate millions of views.

GoPro IPO goes well, stock surges to over $31 per share

GoPro cameras can do just about anything from recording racetrack antics for car guys to diving into the ocean depths. The rugged camera is among the most popular for sports fans of all types for recording their fun. GoPro went public this week with an IPO that kicked off yesterday.

 

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GoPro began its IPO with share prices set at $24 per share. The stock surged in trading to over $31 per share in trading. GoPro raised about $425 million and is now valued at nearly $3 billion.

 

After the IPO, GoPro has about 123 million shares outstanding. GoPro currently holds about 45% of the camcorder market in the US by dollars, but the company is facing some serious competition with other firms, like Google, stepping into the wearable camcorder market.

WatchESPN World Cup viewership was higher than the Super Bowl

Depending on what country you are from, Football can mean different sports. In the US, football is what we watch in the fall with the NFL, but in much of the rest of the world football is soccer. With the World Cup tournament underway, people all around the globe are flocking to the TV to watch the matches and root for their favorite team.

 

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WatchESPN is available as an app or a website and allows people with verified cable subscriptions to watch sports content, like the World Cup, on the TV screen. WatchESPN has set a viewership record with more people streaming World Cup matches at the same time than streamed the Super Bowl earlier this year.

 

WatchESPN racked up 1.7 million concurrent viewers during the World Cup US versus Germany match this week. In fact, the number of viewers was so high that many people had trouble logging on to view the game. Concurrent viewers using WatchESPN to watch the Super Bowl hit 1.1 million.

Google Chromecast to pair with devices using ultrasonic sounds

Users of Chromecast devices know that it is easy to pair the Chromecast with a phone or tablet if the devices are all on the same Wi-Fi network. The catch is if you have a friend over who wants to stream content from their device to the TV via Chromecast, you have to share your Wi-Fi credentials with them to make that happen.

 

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Chromecast is set to get a new way to pair with devices that aren't on the same Wi-Fi network using ultrasonic sounds. Humans can't hear the ultrasonic sounds, but nearby devices can. The feature was announced at Google I/O 2014 last week.

 

With this new feature enables, users will be able to cast content from their phone to the TV when on a mobile network. A four-digit pin will also be offered to allow users to manually pair devices that aren't on the same network. Google's Chromecast device will produce the ultrasonic sounds from the TV audio system to pair with the mobile device. Ultrasonic paring will hit Chromecast in the coming weeks; no specific time frame is offered.

Apple working on smart home gear says rumor

We can thank companies like Nest for raising awareness about home automation and related gear and thanks to that raised awareness more companies are looking to get into the home automation market. One of the companies that are looking to get into the home automation market is Apple according to a rumor.

 

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That rumor claims that Apple will be putting out a line of home automation products that integrate deeply with existing Apple devices. Rumor sources haven't said what sort of products Apple is developing, but the project is said to be past the exploratory phase.

 

Rumor sources have claimed that Apple isn't building gear to compete directly against Nest; presumably, that means no smart thermostats or smoke detectors. Apple is targeting devices with wider usage than the gear Nest is producing. Exactly when these Apple home automation products will hit the market is unknown.

Crytek is in a world of pain right now, isn't paying its staff on time

We reported a few days ago now that Crytek was beginning to walk into some trouble, with developers not flocking to its CryEngine for game development. But now there's multiple outlets reporting that the developer behind Crysis is in a spot of bother over not paying its employees on time.

 

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The developer hasn't been paying its employees on time for a few months now, with multiple games being cancelled, some of which were original prototypes, and even the sequel to the Xbox One exclusive, Ryse. Current and former employees of Crytek explain that the company has a tense, unstable environment which stems from poor communication and a number of high-level staff leading the company's studios in both Britain and Germany. One employee has said that over 100 people have left the company since March.

 

Crytek has reportedly been experiencing some issues for quite a while now - personally, ever since it shifted focus to consoles over pushing graphical boundaries with CryEngine and Crysis on PC - with multiple contracts cut from the company. Crytek is a privately owned company, so when it loses a multi-million-dollar contract, it hurts, a lot.

Continue reading 'Crytek is in a world of pain right now, isn't paying its staff on time' (full post)

Amazon to launch takeout food delivery service via Amazon Local

There are a number of local food delivery services out there like GrubHub and others that you can use to order up some local takeout when you are hungry. A report has surfaced that Amazon is out to launch its own local delivery service as well.

 

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According to the report, Amazon will launch the food delivery service as part of its Amazon Local offering. This new delivery service was reportedly set to go live in Seattle first and was activated via the Amazon Local app last night.

 

However, the service was turned off again shortly after it launched. It is expected to go live again soon. One source claiming to be familiar with Amazon's plans says that the food delivery service will see a very gradual rollout to other areas.

GoPro sets share price at $24 as IPO is set for today

GoPro is one of the most popular action camera manufacturers in the world. You can count on seeing people participating in sports and activities of all types using these cameras to record their antics. GoPro has been a private company since its inception, but this week that will all change.

 

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GoPro is going public with an IPO and the company has now announced the share price. Each share during the IPO will be offered for $24, which is the upper end of the range GoPro offered in its IPO filing. The camera maker is expected to raise over $427 million when the IPO launches.

 

An option is available for underwriters that could allow them to buy additional shares in the company. If that happens, GoPro could raise up to $491.3 million. GoPro will begin trading today on Nasdaq with the symbol GPRO. With shares set at $24 each, the company is valued at about $3 billion.

Verizon turns free LTE data back on for Chromebook Pixel owners

A number of Chromebook Pixel owners were very angry when the free data that came with their Pixel notebooks was turned off only a year into the two free years promised. Google had nothing to do with the data being turned off; Verizon is the one that made that decision.

 

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Google said earlier this week that it would hand out $150 gift cards in an effort to appease angry customers who were already talking about a suit in some cases. Verizon has now announced that it will be turning the free data back on.

 

Verizon was to provide two years of free data with Chromebook Pixel owners getting 100MB monthly at no cost. It's unclear if angry customers are the reason Verizon is turning the data back on or if the data plan ended early by accident. Verizon said in a statement over e-mail: "We understand that a very small number of Chromebook Pixel customers may have had a promo end prematurely. We apologize for this, and will work with these customers to address the situation".

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