Welcome to 2018 – a time when people are triggered by names. And not just any names, but names such as ‘blockchain’ or ‘bitcoin’ or ‘cryptocurrencies’. At this point, it seems like ‘blockchain’ is the trend and a few companies have started to capitalize on it.
One of them is Long Island Iced Tea, a New York-based beverage maker that changed its name to Long Blockchain Corp. Now, you may not see the real link between juice and blockchain – and there actually isn’t one.
However, the company announced that it will “leverage the benefits of blockchain technology”. Ever since then, its stock jumped 200% at the opening of trading, and this is only the beginning.
Several other companies have tried to cash in on the Bitcoin mania – including sports bras, juice and e-cigarette companies that appear to have had very little to do with Bitcoin in any possible way.
Another company known as SkyPeople Fruit Juice from Hong Kong changed its name to Furture FinTech Group. Despite the new label, the company will continue to provide packaged food and expand its kiwi and orange plantations.
There are even more stories…Another company, named The Crypto Company dealing in cryptocurrency has went public by acquiring a sports bra company. The public sports bra company had declared that their ‘bras are going to have pockets for holding money, chapstick, ID and a tiny phone charger’ which may be the reason why – however, many are doubtful.
The vaping business is also having companies changing their names. A California-based Vapetek Inc. has decided to rename itself to Nodechain Inc. and announced that it will explore Bitcoin, Ethereum and other cryptocurrencies.
Russia Is Not Planning To Buy $10 Billion In Bitcoin
“This statement has no common sense. The Russian Federation — like any other country in the world — is simply not ready to combine its traditional financial system with cryptocurrencies.”Sidorenko reacted to the fake news reports from Telegraph where it was noted that Russia wants to invest $10 billion in bitcoin in order to mitigate the economic impact that is brought up from the US sanctions. The rumors emerged on Twitter where a particular user wrote that Kremlin has no choice but to invest in bitcoin and that it is the only way to avoid the harsh sanctions by President Trump. Ginko posted on Twitter and his post went viral after Telegraph wrote a story about it and lots of other websites just added their own touch to it. Ginko is known to the public for making such shocking tweets and comments after once saying that sham investment adviser Bernie Madoff is the real Satoshi Nakamoto. However, Sidorenko said that Ginko’s comments are absurd:
“Even if Russia wants to place its cryptocurrency assets now, it simply cannot do this. We do not have any mechanisms that would allow us to introduce a system: where these assets would be stored, which authorities would be responsible for it, which would be responsible for abuses and stuff.”However, according to Tota Kaliaskarova, the director of macroeconomic policy with the Eurasian Economic Union says that crypto could have a huge impact on the Eurasian economy.
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