Decentralized identity solutions might be blockchain’s killer app. LG has partnered with United States-based company Evernym to develop blockchain ID technology. Asian financial news outlet Aju Business Daily reported on May 26 that LG CNS — LG’s IT services subsidiary — signed a memorandum of understanding with Evernym. The collaboration between the two firms aims […]
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Ecommerce platform Overstock announced in a press release on May 19 that they have finished sending out digital dividends to all Series A-1 shareholders. Ten digital “OSTKO” tokens were issued for each “Series A-1” Overstock share. The digital shares have voting rights and can be traded on tZERO ATS digital securities platform. A total of […]
Continue ReadingOverstock CEO Jonathan Johnson said that immunity passports to prove lack of coronavirus infection may push blockchain technology out of Bitcoin’s shadow. Overstock CEO Jonathan Johnson has claimed that private, consumer-controlled immunity passports may be the killer-app that propels blockchain technology into the mainstream. In an interview with PYMNTS, he said that the company’s investment […]
Continue ReadingOverstock has successfully distributed its controversial ‘digital dividend’ security token airdrop. Overstock has successfully distributed its ‘digital dividend’, issuing ‘OSTKO’ security tokens to its stockholders on a basis of one digital token for every ten company shares owned on May 19. In total, 4.37 million OSTKO tokens were airdropped to shareholders via transfer agent Computershare […]
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Overstock is seeking the dismissal of a lawsuit accusing the firm of market manipulation and issuing misleading information regarding tZERO. Online retailer and early Bitcoin adopter Overstock has filed for the dismissal of a lawsuit that accuses the company of misrepresenting the nature of its ‘digital dividend’ token. The dividend is a security token airdrop […]
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Despite a nearly double-digit retraction in the combined capitalization of the security token sector, real estate tokens gain over 4% during April. Real estate tokens have continued to post a positive performance for investors, gaining an average of 4.27% during April while top securities tokens suffered losses for the month. The combined capitalization of security […]
Continue ReadingOverstock’s blockchain arm tZERO aims to launch a broker dealer service in the United States by the second quarter of 2020. Overstock’s blockchain arm tZERO aims to launch its broker dealer service in the United States by Q2 2020. According to an April 30 Forbes article, tZERO Chief Executive Officer (CEO) Saum Noursalehi said he […]
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Overstock’s blockchain arm tZERO bags $5 million in funding from GoldenSand Capital through its latest equity sale. tZERO, the blockchain subsidiary of the American internet retailer Overstock, raised $5 million in equity investment from the Hong Kong equity firm GoldenSand Capital. Speaking of the firm’s interest in being a part of tZERO’s initiative, chairman of […]
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Medici Land Governance will develop a blockchain land registry platform for Wyoming’s Carbon County. Medici Land Governance, a blockchain subsidiary of retail giant Overstock, announced on April 13 that they will be developing a blockchain-based land registry platform for Carbon County, Wyoming. Per the signed Memorandum of Understanding with Carbon County, Medici will develop the […]
Continue ReadingReal estate security tokens are steadily gaining popularity — comprising 14.5% of total trade in tokenized securities. The nascent real estate security token, or REST, sector experienced consistent growth in Q1 2020. Three new properties were also listed on RealT during March — doubling monthly real estate token trade. RESTs now represent nearly half of […]
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