(Reuters) Beverage maker Long Island Iced Tea Corp’s shares jumped 300% after the company said it would rebrand itself Long Blockchain Corp, the latest obscure US firm to tap into the frenzy surrounding crypto currencies.
US securities regulators on Tuesday temporarily suspended trading in the shares of Crypto Company, a small firm that saw its stock rise more than 2,700% this month after signing a deal to buy a cryptocurrency data platform.
Bitcoin continues to hit stratospheric levels in price and riding along on the coat tails are alternative coin offerings. The latest to come to the attention of mainstreamers is EOS which is offered by a company called block.one and according to the WSJ has raised $700m.
Find out how the introduction of bitcoin futures contract by CMEs, December 18, can change the market in 2018.
Etherium could be poised to become the new darling of the cryptocurrency markets after both Bitcoin and Litecoin appeared to be falling back.
Bitcoin futures eased back from an initial surge of almost 22% to trade up 13% on Monday, in an eagerly awaited US market debut