Iced Tea Company's Stock Soars 500% After Name Change

22 December, 2017, 01:11 | Author: Lester Mason
  • At This Price, Is It Too Late To Buy Long Island Iced Tea Corp. (LTEA)?

The stock surged almost 200% on the news.

Long Island Iced Tea is a company which focuses on, you guessed it, iced tea (and other ready-to-drink non-alcoholic beverages) and that doesn't immediately scream blockchain technology to me, but the connections between the two do not seem to matter to everyone else. Diagnostic company Bioptix's shares soared 400 percent after it changed its name to Riot Blockchain RIOT.O in October.

Interest in cryptocurrencies, which are unregulated by any central bank, caught fire this year.

Shares first spiked Tuesday after chatroom traders listed it the only China bitcoin play approved to connect all distributed networks and apps.

Regulators have warned that retail investors could fall victim to fraudulent or unscrupulous schemes riding the wave of public interest in the new phenomenon.

Long Island Ice Tea Corporation is now Long Blockchain Corporation, Ars Technica reports.

Thomas Fire Now Second-Largest in California State History
The county of Ventura, city of Santa Paula, city of Ojai and city of Ventura have proclaimed local emergencies, Fox 11 reported . As of Tuesday, 432 people were still staying at evacuation shelters run by the Red Cross, agency spokeswoman Georgia Duncan said.

Bill Belichick Lessens Alex Guerrero's Access to the Patriots
Those players - a group that includes Rob Gronkowski - are still allowed to visit Guerrero in the TB12 Sports Therapy Center. Unfortunately, knowing the Patriots , we'll probably never know Belichick's reason for stripping Guerrero of his privileges.

IOF Arrests Palestinian Girl Ahed Tamimi in Ramallah
Ahd's friend, Jana Tamimi, posted a video after the arrest of Ahd, 17, in which she explained in English what happened during the night.

Notably, management has not yet secured an agreement with any blockchain entities, and it intends to retain Long Island Brand Beverages as a wholly-owned subsidiary.

Though the company says it doesn't have any agreements in place, the company has switched its domain to http://www.longblockchain.com and the new site says Long Blockchain is in the "preliminary stages of evaluating specific opportunities".

Bitcoin? Blockchain? A guide to digital currency What's behind bitcoin's dramatic rise? (NASDAQ:LTEA) announced that it is planning on changing its name to Long Blockchain Corp.

In an unrelated statement on Thursday, the US Financial Industry Regulatory Authority, a private industry body with regulatory power, warned about potential scams given the explosion of interest in bitcoin.

And two tiny penny stocks, tobacco company Rich Cigars and e-cigarette firm Vapetek, shot up after saying they were now blockchain companies too.

Recommended:

  • Weather: Quiet Thursday, then messy couple of days (12/21 AM)

    Weather: Quiet Thursday, then messy couple of days (12/21 AM)

    Sunday (Christmas Eve): Roads could be slippery in the morning as the snow moves through, but it should taper off by afternoon. Cold air blowing in that night could create some widespread snow, with more lake effect snow near Lake Erie and Lake Ontario.
    French Watchdog Finds WhatsApp-Facebook Data Sharing Illegal

    French Watchdog Finds WhatsApp-Facebook Data Sharing Illegal

    What worsened the situation was that WhatsApp declined to provide data transfer samples after repeated requests from the CNIL. Earlier, other European regulators have attempted to police Facebook, especially in context to data-sharing.

    Sean 'Diddy' Combs wants buy the Carolina Panthers and sign Colin Kaepernick

    The Panthers beat the Green Bay Packers 31-24 on Sunday with two games left in the regular National Football League season. He has dealt with health issues and undergone several procedures over the years, including a heart transplant in 2009.
  • Ryanair set to meet with union for the first time ever today

    Ryanair set to meet with union for the first time ever today

    Last Friday Ryanair surprised customers and staff when it agreed to recognise unions for the first time in its 32 year history. He faced pressure after the airline was forced to cancel thousands of flights over botched holiday scheduling.
    Islanders beat NYCFC in bids for arena site

    Islanders beat NYCFC in bids for arena site

    The move to the Brooklyn arena was greeted with displeasure by fans, who always considered the team to be a Long Island staple. The Islanders have been seeking an alternative to the Barclays Center , which became the team's home in the 2015-16 season.
    Flu widespread in OH , hospitalizations reported in Clark County

    Flu widespread in OH , hospitalizations reported in Clark County

    One of the main concerns with any vaccine is a severe allergic reaction - known as anaphylaxis. In the past, people with egg allergy were advised to explore egg-free flu vaccination options.
  • US Vetoes UN Security Council Resolution Voiding Trump's Jerusalem Move

    US Vetoes UN Security Council Resolution Voiding Trump's Jerusalem Move

    USA policy had held that the status of Jerusalem is an issue to be decided in peace talks between Israeli and Palestinian leaders. But as the USA , which is a permanent member of the Security Council, has veto power, the draft resolution failed to be adopted.
    WWE set for first ever women's Royal Rumble match in January

    WWE set for first ever women's Royal Rumble match in January

    The company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. Since then, WWE has placed a greater emphasis on its female stars, including recruiting talent from around the world.
    US Blames North Korea for Global Cyber Attack

    US Blames North Korea for Global Cyber Attack

    He continued, "The attack was widespread and cost billions, and North Korea is directly responsible". Pyongyang has previously denied being responsible for the attack.
  • Top 3 changes on the 2019 Jeep Cherokee

    Top 3 changes on the 2019 Jeep Cherokee

    Beginning with the former, the "dual headlight" design is no more as Jeep gave the 2019 Cherokee a more contemporary look. Jeep says that the 2019 Cherokee will also be available with more efficient powertrain options as well.
    US Fighter Pilots Spot UFO In Newly Declassified Pentagon Footage

    US Fighter Pilots Spot UFO In Newly Declassified Pentagon Footage

    Bigelow is "currently working with NASA to produce expandable craft for humans to use in space", according to the NY Times . But its backers say that, while the Pentagon ended funding for the effort at that time , the program remains in existence.
    Lady Gaga Achieves 'Dream' With Park MGM Residency

    Lady Gaga Achieves 'Dream' With Park MGM Residency

    In a personal message on the photo sharing app at the time of postponing her tour, Gaga thanked her fans for their support. She will be appearing at MGM Park Theater and will play 36 shows according to local news outlets .


Popular

Widespread flu activity now reported in Kentucky
So, the CDC said it's possible you could still get the flu even if you received the vaccine, but the flu would not be as severe. ADH noted that it only receives "a fraction" of the actual flu cases, so the overall burden of the illness could be higher.

Facebook Becomes Even More Intrusive by Asking Users to Map Their Face
When photos and videos are uploaded to our systems, we compare those images to the template. Also, being told when people are using your photos as their own profile pictures is a win.

Dog expert: What makes a dog turn on its owner?
A local veterinarian told WTVR in Virginia that animals don't just normally attack their owners unprovoked. Her father had gone searching for her after she went missing and was the first to discover her body.

United States blames North Korea WannaCry ransomware attack
He made the claims asserting they were " based on evidence " and the North should be held "accountable" for the attack. Bossert went on to add that the U.S. government isn't making this allegation lightly, as it is based on evidence .

Japan to Buy Two US-Built Anti-Missile Systems
THAAD's coverage area is smaller than Aegis Ashore and it would require more units to cover Japan, defense officials said. The relevant decision was made during the Cabinet's meeting, the NHK broadcaster reported.

Pakistan Govt. request for restricting content on Facebook increases, report reveals
Compared to the first half of 2016, where the number of requests stood at 6,324, this is almost a 55 per cent jump for 2017. Some 70,000 solicitations for copyright came to Instagram, with 685,000 bits of substance evacuated.

Gas Prices Continue to Dip — AAA Survey
On the national level, the average price this week for a gallon of gas dropped just over 12 cents from a month ago. Statewide, prices at the pump averaged $2.38 on Sunday, down 3 cents over the week and the lowest since August 30.

Woman Killed In Clash Between Villagers, Security Forces In Kashmir
Another foreign militant was identified as Ali @Qari and from their possession two AK rifles and other ammunition was recovered. The trapped militants tried to escape while firing their guns but soldiers retaliated, leading to a prolonged clash.

Sarah Palin's son Track accused of assaulting his father
Track Palin told police he tried to get in the door, but it did not open and he broke a window and disarmed his father. Former Alaskan governor Sarah Palin's son was just arrested on several charges, all relating to domestic violence.

Fans Mourn Death of K-Pop Star Jonghyun
Tell everyone I've had a hard time. "Final farewell." It was later revealed that his cause of death was carbon monoxide poisoning. His debut solo album in 2015 topped the US Billboard World Albums chart. "No words can describe how heartbroken I am".