Reuters

(Reuters) - A slew of blockchain- and bitcoin-related stocks sank on Wednesday following a steep fall in the price of the cryptocurrency over the past few days on fears of regulatory clampdowns.

 

Bitcoin, which skyrocketed nearly 2,000 percent last year and hovered near a peak of $20,000, slipped below $10,000 on the Luxembourg-based Bitstamp exchange on Wednesday, adding to a 20 percent slump over the last three days.

 

South Korea, Japan and China have all made noises about a regulatory swoop, and officials in France and the United States have vowed to investigate cryptocurrencies.

 

Shares of Riot Blockchain <RIOT.O>, Marathon Patent <MARA.O>, Longfin Corp <LFIN.O>, Long Blockchain Corp <LBCC.O> and Social Reality Inc <SRAX.O> all fell more than 10 percent.

 

A number of these companies have changed their names and shifted their focus to cash in on the cryptocurrency wave.

 

Riot Blockchain, formerly a biotech company called Bioptix, shifted focus to become an investor in blockchain technology.

Long Blockchain was called Long Island Iced Tea Corp as recently as last month before it announced a change in its primary business strategy to blockchain technology from beverages.

(Reporting by Muvija M in Bengaluru; editing by Sai Sachin Ravikumar)