Riot Blockchain's trading platform on the horizon - Wainwright
05/04/2019 14:28
** Riot Blockchain Inc's shares RIOT O> up 5 pct at $4.4
premarket
** Brokerage Wainwright rates the crypto firm "buy" on
Riot's progress in setting up a crypto trading platform and
Bitcoin's resurgence; hikes PT by $1 to $5
** Opening a crypto trading platform remains a clear target,
and could happen prior to the end of summer this year -
Wainwright
** Bitcoin's price appears to have stabilized and is on the
rise again, and that its assumption that it could hit
$6,000-$7,000 by end of 2019 may not be too aggressive
** Crypto stocks such as RIOT, Marathon Patent MARA.O , DPW
Holdings DPW.A surged 20-24 pct on Tuesday after a major
order, worth about $100 mln, by an anonymous buyer triggered
computer-driven trading across crypto-exchanges urn:newsml:reuters.com:*:nL8N21K1RW
** RIOT down 35 pct in the past year; but has surged 40 pct
in the past month, helped by Tuesday's jump
(Reporting by Bharath Manjesh in Bengaluru)
((Bharath.ManjeshR@thomsonreuters.com; outside U.S. +91 80
6749 8400; Reuters Messaging:
Bharath.ManjeshR.thomsonreuters.com@reuters.net))