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How about an ICO? Stocks of Rocket Company 400% on Blockchain Rebranding

It's not just the initial offerings (ICO) that magically act: the word Blockchain has just revolutionized the finances of a company 400%.

On-Line PLC, which provides Internet-related software through various affiliates, has seen its price rise from £ 15 ($ 19.60) to £ 84 ($ 110) in hours after the announcement. Addition of & # 39; Blockchain's name

On-Line, which has been around since the start of the Internet boom in 1996, has seen unprecedented trade based on news, reports Bloomberg

. The company is currently retreating after the sudden spike to encircle around £ 60. The performance mimics that of several altcoins following news about their interaction with the consumer cryptocurrency market.

"We believe that it is time to rename the company to reflect these developments, where we believe that future growth will be in our sector, a statement released Thursday explains, calling Blockchain" new and exciting. "

Today's growth puts On-Line's market capitalization at £ 4.17 mln and reflects continued buzz around Blockchain which sees an increase

This week, Moody's rating agency nevertheless stated that the disruptive potential of Blockchain still made it a distant threat, even though it would inevitably upset the norm when it would strike