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• • • • • • • • • • • • • Bitcoin madness: Small-cap Longfin soars 2,000% after acquiring blockchain company • • • • • • • • • • • • • News source: CNBC.com As bitcoin mania reaches a fever pitch, many tiny stocks are maneuvering to capitalize on its run, likely leading to confusion for investors looking for legitimate ways to invest in the trend. Small-cap financial technology company Longfin (Ticker: LFIN) is the latest example, soaring in volatile trading the last two days after saying it was buying a blockchain company, Ziddu.com, on Friday. As a part of the acquisition, Longfin agreed to buy Ziddu from Meridian Enterprises in exchange for 2.5 million shares of the company. Adding to the confusion and volatility surrounding this move is that the filing for the deal notes that Meridian Enterprises, which sold Ziddu to Longfin, is a private Singapore company that is 95 percent owned by Longfin's CEO and chairman, Venkat Meenavalli. ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ • • • • • • • • • • • • • . . . #boringgraphics #news #trending #motionggraphics #art #bitcointrading #bitcoinmarketshare #coinbase #bitcoinmining #smallcaps #bitcoinmadness #trendingnews #trendingnow #bitcoins #msn #cnbc #nowthis #spaceprogram #flyingobject #marketshare #bitcoin #blockchain #virtualcurrency #digitalcurrency #digitalwallet #bitcointrending #miners #bitcoinminers

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