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Blockchain Name Changes Are Still Paying Off
GVA Research CEO Garrity Sees Bitcoin Falling to $5,000
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Almost three months after British IT investment firm On-Line Plc saw its shares rocket after adding the word blockchain to its name, the strategy is still paying off for imitators.
Stapleton Capital Plc, a buyout firm that targets the U.K. telecommunications sector, soared more than 160 percent Monday after saying it shall, henceforth, be known as Blockchain Worldwide Plc. The stock later gave up about three-quarters of that gain, with the shares trading up 44 percent as of 10:48 a.m. in London.