Longfin Corp goes crypto and the stock goes up 20x

Author: Adam Button | Category: News

Another stock makes an unbelievable move

The crypto craze is everywhere.

Today, shares of Longfin Corp, a FinTech company that launched last week via IPO, have risen to $129 from $22.01 at Friday's close. They also more than quadrupled on Friday.

The catalyst for the gains was today's acquisition of Ziddu.com, which touts itself as "a blockchain empowered system that offers microfinancing" and uses a smart-contract called a Ziddu Coin.

Shares have been halted 5 times today on circuit breakers.