On-Line PLC, a British provider of stock market data, today saw its shares climb nearly 400% after changing its name to On-Line Blockchain PLC. From a report: “Blockchain technology and cryptocurrencies are a new and exciting area we have been working on for some time,” the Essex-based company said in a statement on Thursday. “We feel the time is right to re-name the company to reflect these developments, where we believe the future growth will be in our sector.” The shares pared gains after the company published a follow-up release on Friday, cautioning investors that the development of its blockchain product is still at an early stage. Still, the 238 percent rise as of 2:36 p.m. in London leaves the company’s market value of 4.4 million pounds ($5.8 million) at its highest since 2005.

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Source: Slashdot – British Company Adds the Word ‘Blockchain’ to Its Name, Sees Its Shares Surge 394%