Cryptocurrencies
Protean Penny Stock Gets Bitcoin Facelift and Soars 15,000%
- Bitcoin Services Inc. has changed its name at least five times
- Crypto rebranding happened as digital coin market took off
Bitcoin: What’s Coming in the Year Ahead
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Of the dozens of companies that changed their names over the past two years to ride the digital-currency frenzy, many were going through that process for the first time. Not Bitcoin Services Inc.
When Tulip BioMed Inc. became Bitcoin Services in March 2016, it marked at least the fifth name change for the company since 2002. At the time, the world’s biggest cryptocurrency was going for about $400, while Tulip’s shares were trading at about 2 cents, when they traded at all. By the end of November, the digital coin was worth about $10,000 and Bitcoin Services had at one point climbed as high as 45 cents, ultimately gaining 15,000 percent in 2017.