Long Island Iced Tea Corp of Farmingdale, New York - which says it now produces the soft drink with a proprietary recipe - announced Thursday it was changing its name to "Long Blockchain Corp" and would explore investments in the technology underlying cryptocurrencies like bitcoin. Literally just say the word "blockchain", apparently. Those opportunities, which as of now haven't turned into solid partnerships or agreements, include a blockchain infrastructure developer in financial services, a London-based foreign-exchange services provider developing blockchain and cryprocurrency technology for financial markets, and a smart-contract platform.
The company, which will ask Nasdaq to change its trading symbol in connection with the name change, said it will continue to focus on the ready-to-drink segment of the beverage industry. Bitcoin has soared in value by more than 1,600% so far this year, surging towards $20,000 at the start of this week and trading at about $15,600 on Thursday.
Bill Belichick has reportedly had enough of Tom Brady's weird trainer
Brady also successfully lobbied to get Guerrero on team flights and on the sideline at all games, according to the Boston Globe . The trainer has an office near the Patriots locker room at Gillette Stadium.
CEO Philip Thomas commented, "We view advances in blockchain technology as a once-in-a-generation opportunity, and have made the decision to pivot our business strategy in order to pursue opportunities in this evolving industry". Shares plunged 19% on Thursday, but shares have more than quadrupled in value since October 4.
Shares in the financial tech company LongFin Corp also surged this month after it announced it had acquired the blockchain business Ziddu.com, according to Bloomberg.
Citron said in a tweet that it believed Riot was making "fraudulent claims to investors".
- This is the New 2019 Jeep Cherokee
- Gas prices continue to decline in Chattanooga
- Tokyo approves deployment of two Aegis Ashore missile defense systems in Japan
- John Terry's All-Time Premier League XI Includes Eight Man United Players
- WannaCry ransomware: North Korea labels U.S. accusation as "absurd"
- Taking the good with the bad: Warmer temps comes with rain
- Apple Admits To Slowing Older Phones Because Of Battery Issues
- Lane Kiffin agrees to new 10-year deal with Florida Atlantic
- Ryanair confirms it will recognise pilot unions
- Trump administration blames North Korea for WannaCry ransomware attacks