Bloomberg: SEC Required Two ETF Funds to Take Blockchain Off Their Tickers

The U.S. SEC reportedly encouraged some funds to change their ETF descriptions. The United States Securities and Exchange Commission (SEC) reportedly required two funds to eliminate the word “blockchain” from their monikers, Bloomberg writes April 12, citing sources familiar with the matter.The exchange-traded funds (ETFs) of both Amplify and Reality Shares reportedly mentioned blockchain in early filings.…

Biotech Company-Turned-Mining Firm Riot Blockchain Reports 2018 Net Loss of $58 Million

The company also reportedly generated about $7.7 million in revenue through its cryptocurrency mining. Biotechnology company turned mining firm Riot Blockchain reported a 2018 net loss of about $58 million in its financial report released on April 2.Per the report, the company’s net loss was primarily attributable to the noncash aggregate impairments, depreciation, amortization and stock-based compensation expenses amounting to about $45.2 million.…