|Bid||2.740 x 400|
|Ask||2.810 x 100|
|Day's Range||0.000 - 0.000|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The blockchain is one of the most powerful innovations of the last several decades. Riot Blockchain (NASDAQ:RIOT), however, is nearly an unmitigated disaster. Right before the weekend, RIOT stock closed down more than 24%.
Long Blockchain Corp. (LBCC) (“Long Blockchain” or the “Company”) today announced that it has formed a new subsidiary, Stran Loyalty Group (“SLG”), focused on providing loyalty, incentive, reward and gift card programs to a wide variety of corporate and consumer brands. SLG has simultaneously formed a partnership with Stran Promotional Solutions (“SPS”) – a top 50 distributor with over 25 years of proven success in the loyalty, incentive and promotional industry. SPS will provide the industry expertise, leadership and business model, as well as enable SLG to leverage the benefits of SPS’s existing infrastructure.
At the beginning of 2018, when bitcoin prices were still right around $17,000, I laid out a pretty straightforward thesis on blockchain stocks. Blockchain, the decentralized technology underlying bitcoin, has broad and meaningful applications across multiple industries. In the near future, the decentralization principles underpinning blockchain will fundamentally change the way many of those industries operate.
Investors interested in trendy cryptocurrency- and blockchain-related stocks were paying close attention to Longfin Corp. (LFIN) on Tuesday morning after a judge apparently vacated a Temporary Restraining Order (TRO) that froze the assets of the controversial company.
Bitcoin rose above $8,000 for a second straight day, but was unable to hold above that level. Meanwhile, yet another cryptocurrency exchange has been robbed.
Bitcoin gained more than $1,000 in an hour as it broke above $8,000 before retreating. The knock-on effect saw related stocks surge in early trading.
Another pin was stuck into the bitcoin bubble after it emerged Wednesday that Long Blockchain is being delisted by Nasdaq.
Trading was halted in Longfin[ticker symb=LFIN] Friday after the Securities and Exchange Commission obtained a court order to freeze more than $27 million in purportedly illegal stock sales. The regulator is accusing the company's CEO and controlling shareholder Venkata Meenavalli of having more than 2 million unregistered shares issued to another director in the company. In addition, tens of thousands of...
JPMorgan Chase, America's No. 1 bank, is mulling whether to divest Quorum in a bid to boost the blockchain platform's appeal. Bitcoin was little changed.
As cryptocurrencies and ICOs have blown up, plenty of dubious investments and unethical behavior has emerged along the way.