Riding The Blockchain Train: These Companies Changed Their Name, And Their Stock Price Soared

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BEFORE: Croe Inc.
AFTER: The Crypto Company

To become a public company, The Crypto Company acquired a small existing public company, Croe, which previously developed women’s fitness clothing.

The company said this summer that its “core services include consulting and advising companies regarding investment and trading in the digital asset market and investing in a manner that diversifies exposure to the growing class of digital assets.” (June 9)

After the change, the Securities and Exchange Commission, concerned by the company’s actions, suspended trading of its stock. More such companies are sure to follow.

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BEFORE: Rich Cigars Inc.
AFTER: Intercontinental Technology Inc. 

Rich Cigars previously produced cigars. But the Florida company said this month that it was changing its name, getting out of the cigar business, moving to Colorado and creatingsubsidiaries to mine for virtual currencies.

The company said it will be pursuing “the development of a unique cryptocurrency mining business for Bitcoin and other cryptocurrencies which will operate on a 24/7 basis.” (December 14)

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BEFORE: SkyPeople Fruit Juice Inc 
AFTER: Future FinTech Group Inc

Formerly SkyPeople Fruit Juice was "engaged in developing agricultural plantations and produces and markets fruit juice concentrates, fruit beverages, and other fruit related products in China and overseas markets.

The company changed its name “to reflect commitment to e-commerce and agricultural commodities trading”.

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BEFORE: 360 Capital Financial
AFTER: 360 Blockchain Inc.

360 Capital Financial provided financial services to companies. In October, the Canadian company announced it would change its name and ticker symbol and begin investing exclusively in blockchain-based companies.

The company said: “We are taking an all-round view to the 360 Blockchain Inc. business plan; with a mission to empower blockchain technologies with capital and experience to create exponential value.” (October 4)

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