On February 13th, 2020, Overstock.com shareholders voted to approve the company’s Series A-1 Preferred Stock dividend transition to digital shares. Investors can expect to receive the dividends no later than April of 2020. The shares will trade exclusively on tZERO’s Alternative Trading System (ATS). Overstock Shareholders Vote to Approve Digital Transition Earlier today, Overstock.com (OSTK) […]
Tag: STO
FC Barcelona to Offer ‘Barca Fan Token’ with Voting Rights, Reward System
On February 13th, 2020, world-renowned football club FC Barcelona announced an upcoming blockchain-powered token offering. In the near future, fans will be able to purchase ‘Barca Fan Tokens’. Token holders will have voting rights for certain club decisions — such as the music played once a goal is scored — along with a reward system […]
Regulated Digital Assets Take Over in 2020 – Thought Leaders
2018 was the highwater mark for initial coin offerings (ICOs), when 1,253 new coins raised $7.8 billion. In 2019, this “Wild West” market went from boom to bust. Dollars raised in ICOs plummeted 95% compared to 2018, and the Securities and Exchange Commission (SEC) continues to announce new actions against various ICO players for fraud […]
Smartlands Adapts Legal Framework Following Liechtenstein Blockchain Act
On February 12th, 2020, security token platform Smartlands announced a revision regarding its legal framework. The Liechtenstein Blockchain Act took effect earlier this year, allowing for a number of regulatory benefits related to tokenization. Smartlands has now expanded its legal structure to base future projects on Liechtenstein’s new laws. Smartlands’ Transition After the Liechtenstein Blockchain […]
Crypto Related Losses Skyrocket Despite Hacking Crimes Dropping Significantly
According to a Q4, 2019 survey by CipherTrace users have lost 4.5 billion in Ponzi scheme and fraud scams while hacking-related scams have significantly dropped Banks have also fallen prey as US banks unsuspectingly facilitate illegal transactions Losses in 2019 shot up by 160% despite hacking crimes dropping by 66%, this was according to a […]
265-Year-Old German Bank To Use Stellar’s Blockchain To Tokenize Securities With Bitbond
German Bank von der Heydt, which was established in 1754, made on Monday the announcement that it’s developing a special-purpose Euro stablecoin. The aim of this stablecoin will be to make tokenized securities private placements easier for investors. The bank closed a partnership with Bitbond, the blockchain financial services provider, in order to integrate tokenization […]
Report: JPMorgan Could Merge In-House Blockchain Unit Quorum with ConsenSys
As of February 11th, 2020, JPMorgan Chase & Co is reportedly in talks of merging Quorum with ConsenSys. The banking giant has been exploring different options for Quorum throughout the past two years and has supposedly deemed a merger with ConsenSys as the best path forward. What is JPMorgan’s Quorum Blockchain? Acording to a report […]
Ethereum-based FLYT is First Property-backed Security Token in Africa
On February 8th, 2020, Flyt Property Investment announced the launch of Africa’s first-ever security token backed by property. The firm partnered with technology provider Bakari to create FLYT security tokens which are equivalent to one share in the Flyt Hospitality Fund. The FLYT Security Token in Africa Explained Based in Cape Town, Flyt Property Investment […]
Ukraine’s Ministry of Digital Transformation: Crypto Mining Doesn’t Need Govt. Regulation
The Ministry of Digital transformation in Ukraine has stated that it has no intention to come up with measures to regulate crypto mining in the country, CoinDesk reports. On Feb 7, the ministry released a document on digital assets outlining Ukraine’s approach on crypto assets. According to the document, the major aim for the government […]
German Bank von der Heydt to Issue Security Tokens, Offer Custodial Services
In February of 2020, private bank Bankhaus von der Heydt announced a successful collaboration with FinTech and blockchain services provider, Bitbond. The two have collaborated to develop a technical infrastructure for the custody of digital assets, and have now announced the completion of its first custodial transactions. Moving forward, the bank aims to issue security […]
