Company announces it won’t buy Bitcoin mining equipment Shares have tumbled since first spiking on name change Long Blockchain Corp. is taking a step back from crypto -- only about six weeks after it got into it. The company formerly known as Long Island Iced Tea announced Friday that it will not be acquiring Bitcoin mining equipment that it was previously set to purchase. Instead of buying more than 1,000 mining rigs, it says it will focus on completing a merger with Stater Blockchain Ltd.,...

Short interest rises on companies tied to crypto, blockchain Shares of most had surged on coattails of Bitcoin rally Companies that sought to piggyback on the frenzy surrounding digital currencies are starting to find themselves saddled with the kind of attention they didn’t anticipate. A slew of U.S. firms that have played up their connection with blockchain, crypto or Bitcoin -- including a former beverage maker and an iconic photography company, a few payment processing firms, and an...

Reality Shares head sees futures-based fund in second quarter Blockchain ETF could change name as comfort grows, Ervin says Crypto fans rejoice: a Bitcoin ETF could be just around the corner after all, according to the manager of one of the first blockchain-focused exchange-traded funds. “Especially given this negative volatility in Bitcoin, the SEC is wiping their brow a little bit here,” Eric Ervin, co-founder of Reality Shares Inc., said on Bloomberg Television, referring to the U.S....

Online giant might buy small or mid-size bank next year Move could be tactical or ‘broad strategic jump’ into space Amazon.com Inc.’s entry into the financial sector could come sooner rather than later. Bankers beware. CFRA bank analyst Ken Leon says that online giant may acquire a small or mid-size bank in 2018 to gain a footing in the industry. That’s just one of his top predictions for the sector next year. "This may either be a tactical move or a broad strategic jump into banking, as...