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How a startup rode bitcoin craze

With hardly a yr underneath its belt and scant outcomes to indicate for it, UBI Blockchain Web is driving buzzwords to a inventory increase.

It’s develop into some of the invaluable publicly traded corporations within the bitcoin universe — second solely to LongFin Corp. The inventory surged nearly 1,000 p.c this yr, valuing UBI Blockchain at $1.2 billion. Now, the Hong Kong firm has registered to promote an extra 72.three million shares owned by executives together with CEO Tony Liu, regulatory filings present.

However persuading would-be shareholders to wager on an untested enterprise mannequin may show difficult for an organization with 18 staff, no income and whose regulatory filings checklist a disconnected cellphone quantity.

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