Oppenheimer Global Revenue ETF
How Are Blockchain Stocks Performing in December?
Between December 18 and December 22, Longfin and Riot Blockchain fell 76% and 49%, respectively.
Key Risks Facing Riot Blockchain in December 2017
Cryptocurrency exchanges are rather new, and there is concern about malware attacks and the safety of data.
Riot Blockchain’s Financials
At the end of September 2017, Riot Blockchain (RIOT) had cash and equivalents of ~$13 million and an accumulated deficit of ~$121 million.
Riot Blockchain’s Recent Investments in the Cryptocurrency Space
In October 2017, Riot Blockchain (RIOT) acquired a 52% stake in Tess, a developer of blockchain solutions for telecom (telecommunications) companies.
Taking a Look at Riot Blockchain’s Kairos Acquisition
Riot Blockchain stock has seen a strong upsurge in the past few days. It has risen from $4 to $25 in the past six months.
Riot Blockchain and Its New Business Model
From diagnostic equipment, Riot Blockchain pivoted to investing in companies that have exposure to digital currencies and the underlying blockchain technology.