Blockchain

Cryptocurrency Investors Seek Low Volatility in Stablecoins to Avoid Losses
Blockchain

Cryptocurrency Investors Seek Low Volatility in Stablecoins to Avoid Losses

The coronavirus is inflicting a significant economic impact — on traditional investments, global economies, supply chains, and of course, the cryptocurrency market. With trading prices dropping sharply, crypto investors are now turning to stablecoins as a low-volatility safe haven. How Crypto Investors are Reacting to Coronavirus With over 236,000 confirmed cases at the time of…

Is Legislation Stifling Security Token Development in Malta?
Blockchain

Is Legislation Stifling Security Token Development in Malta?

On February 25th, 2020, the Malta Financial Services Authority (MFSA) released feedback it had gathered from Maltese security token industry participants. Ultimately, many believe regulation is holding back security token innovation — not at the national level, but at the level of the European Union. The MFSA’s Feedback on Security Tokens Explained Yesterday, the MFSA…

Paxos, Credit Suisse Facilitate First US Equities Settlement on Blockchain
Blockchain

Paxos, Credit Suisse Facilitate First US Equities Settlement on Blockchain

On February 20th, 2020, Paxos announced the operational launch of a new service: Paxos Settlement Service. In collaboration with Switzerland-based Credit Suisse and Nomura-owned broker-dealer Instinet, the first U.S.-listed equities have been settled using blockchain technology. Paxos Settlement Service Explained In late 2019, the U.S. SEC granted Paxos a no-action letter allowing the company to…

BitGo Acquires Security Token Platform Harbor in Industry First
Blockchain

BitGo Acquires Security Token Platform Harbor in Industry First

On February 18th, 2020, digital asset custodian BitGo acquired Harbor, a securities tokenization platform. Through the acquisition, BitGo will extend beyond custodial services and break into the “issuing, trading, and transferring” of security tokens. The deal is set to make BitGo the world’s first company with broker-dealer, transfer agent, and qualified custodian licenses. BitGo Acquires…

Overstock Shareholders Vote to Approve Transition to Digital Dividends
Blockchain, Technology

Overstock Shareholders Vote to Approve Transition to Digital Dividends

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)…

Smartlands Adapts Legal Framework Following Liechtenstein Blockchain Act
Blockchain

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…

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