The SEC’s charges against Reggie Middleton lead to a freeze of $8 million out of the token sale’s $15 million proceeds
Category: STO News
Overstock Loses Investor in tZERO Days After The Departure Of Founder Patrick Byrne
Overstock interim CEO Jonathan Johnson, in an investor call on Monday with shareholders offered an update on the status of Makara Capital’s probable investment tZERO, the company’s security token exchange, Cointelegraph reports. As per the interim CEO, Makar has said that it will no longer be investing in tZERO in the near future but it […]
Despite Overstock CEO Leaving, The Company Is Still Bullish on Crypto
Don’t let last week’s departure of Overstock CEO, Patrick Byrne, fool you: the online discount giant is still long on cryptocurrencies and the promise of blockchain technology. If you don’t already know, Patrick Byrne is a vocal supporter of security tokens. In fact, Overstock.com has been actively investing in the industry, with its subsidiaries involved […]
Switzerland: No Profit Tax or VAT on Security Token Offerings
A recent ruling by tax authorities in Switzerland has clarified how Security Token Offerings (STOs) will be treated in terms of taxation. Blockstate’s recent STO was ruled to be free from both profit tax and value added tax (VAT), and subject only to security tax—the same treatment as a standard capital raise. Taxes for Security […]
Securitize Receives SEC Transfer Agent Approval
This week, the popular token issuance platform, Securitize received approval from the SEC to operate under the coveted transfer agent status. This status allows the firm to now register securities trades. While the company already took such actions via its blockchain protocol, it now operates in this capacity under the SEC blessings. These developments place […]
Renowned Crypto Custodian BitGo Now Supports EOS Multi-Signature Custody Wallet Services
Cryptocurrency custodian and wallet provider BitGo has announced the launch of multi-signature wallet and custody services for EOS, the eighth largest cryptocurrency by market capitalization. BitGo offers security, custody, and liquidity services that are built on multi-signature security. The company said that it now supports over 200 coins and tokens, allowing institutional clients to hold […]
Titles and Designations Among Industry Participants
Those that follow developments within the digital securities sector may have come across a variety of titles/designations given to industry participants. While a select few companies have set their sights on attaining a full scope of designations, most specialize in one area or another. This necessitates a high level of cooperation among companies, as issuing […]
Barbados Stock Exchange (BSE) Associate: Demand for Security Tokens Still High
Terry Belgrave, business development associate for the international security market for the BSE, spoke to the Investing News Network (INN) about security tokens. Apparently, the demand for the tokenized financial instruments is still high in Barbados. As investors flock to nations with regulatory clarity, Barbados is trying to set itself apart. Countries like Malta, Switzerland, […]
PlusToken 10 Million ETH Cryptocurrency Scam and Token Heist Explained
Going by the market price today, 10 million ETH is equal to about $2 billion USD. this is the much that PlusToken Ponzi scheme is alleged to have stolen from more than 800,000 people in ETH alone. The theft of the funds has remained a mystery even when it came to the public limelight, it […]
Bank of England Governor Calls for a Virtual Reserve Currency for the World
In a shocking statement, the Governor of the Bank of England, Mark Carney, has said that the world needs a ‘Libra-like currency’ to act as the world’s reserve store of value. Speaking at the U.S. Federal Reserve’s annual symposium, BoE Governor Mark Carney made his case for why global commerce needs to change. It’s the […]
