12 Jan '18, 8am

@qz

@qz

The gains don’t always last. Hong Kong-based UBI Blockchain Internet —previously known as JA Energy—soared more than 20,000% before regulators halted buying and selling. Trading was temporarily suspended on Jan. 5 by the SEC (pdf) , which said it had questions about the accuracy of the company’s regulatory filings and “unusual” market activity. The shares were quoted on OTC Markets, home to many so-called “penny stocks,” which typically has lower disclosure requirements than larger platforms like the New York Stock Exchange.

Full article: https://qz.com/1175701/putting-bitcoin-or-blockchain-in-a...

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