The value of LongFin sky rockets soon after the announcement by finTech as the made a recent purchase of Ziddu.com. The blockChain provider is a significant player in the cryptoCurrency world. LongFin shoots 2600% on Wednesday as a result of the latest announcement.
finTech's cryptoCurrency now equals about $7 Billion.
finTech realized these gains last Friday. The regulatory filing happened December 11th. finTech works in the commodities on warehouses, companies back their loans against the commodities on their warehouses requesting a loan backed by their warehouse commodities. finTech is focusing on imports and exports on the blockChain. This seems to be a new trend of the cryptoCurrency market between the borrowing and holding of cryptoCurrency loans.