Finance: CRYPTO INSIDER: What pivots up, must come down

Riot Blockchain tripled its stock price overnight with a name change, but a CNBC investigation found its shareholders meeting was never even planned.

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Riot Blockchain tripled its stock price in October by pivoting to blockchain, but a CNBC investigation published Friday raises doubts about the company's prospects. The hotel where the shareholders meeting was supposed to be held reportedly said no meeting room was ever booked for Riot Blockchain's twice-cancelled shareholders meeting.

Shares of Riot Blockchain are down 29% in trading Friday. In an interview with Business Insider, CEO John O'Rourke refuted CNBC's story.

Here are the current prices for major cryptocurrencies:

In other crypto news:

• The SEC halted trading of 3 companies after they said they were diving into crypto
• Bitcoin cash was surging Friday morning as other cryptocurrencies fell
• Coinbase users got hit with thousands of dollars in 'ghost' charges after a credit card systems glitch
• TOM LEE: Bitcoin will surge to new record highs by July
• Bitcoin is back above $10,00 for the first time in two weeks
• JPMORGAN: A key component of bitcoin's design might be its Achilles' heel during a financial meltdown.

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posted by Campus94