LinkedIn
- Riot Blockchain, one of the first companies to pivot to blockchain and see its stock skyrocket, has been accused of fraud.
- In an interview with Business Insider, CEO John O’Rourke denied the accusations and outlined Riot’s plan to fully realize its pivot to cryptocurrencies.
When Bioptix, a biotechnology equipment maker, announced in October it was changing its name to Riot Blockchain in order to focus on cryptocurrencies, its stock skyrocketed.
Shares of Riot, which had been trading for less than $ 10, eventually gained more than 400% — topping out at $ 46.20 in December when bitcoin was near its all-time high and crypto mania seemed to be in full swing.See the rest of the story at Business Insider
NOW WATCH: Microsoft President Brad Smith says the US shouldn’t get ‘too isolationist’
See Also:
- An anti-Trump movement is calling for the boycott of these 27 retailers
- The petro, Venezuela’s oil-backed cryptocurrency, raised $ 735 million, government says
- TOM LEE: Bitcoin will surge to new record highs by July
SEE ALSO: Sign up to get the most important updates on all things crypto delivered straight to your inbox.
