The Emerald Isle is now a hotspot for talent in tech and a corporate tax haven. United States’ retail giant Overstock is reportedly expanding its blockchain wing tZero with new hires in Ireland. The Utah-based e-commerce company is seeking to hire software and devops engineers to work on its blockchain and security token subsidiary tZero, […]
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The security token markets continued to slump last month, with sector-wide trade volume receding by more than 40%. The bullish momentum enjoyed by the security token sector in the first three quarters of 2020 has well and truly subsided, with monthly volume crashing by more than 40% for the second time in a row. Since […]
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While tZERO’s net revenues have nearly doubled year-over-year, Overstock’s fledgling security token exchange is still far from profitable. Despite explosive third-quarter growth in the security token sector, Overstock’s Q3 2020 earnings report reveals that its tZERO alternative trading system (ATS) has continued to lose money. The ATS specializes in security tokens, consistently hosting more than […]
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Two dozen security tokens drove $9.15 million in trade during September. Following four months of spectacular growth, security token trade volumes have crashed by nearly 60%. From May through August, monthly volume gains for the sector ranged between 113% and 280%, posting record highs that increased from $998,000, to nearly $22 million, according to Security […]
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As real estate tokens falter, AspenCoin has announced cash rebates for token holders who stay at its resort. Despite the broader security token market booming in recent months, real estate tokens appear to be struggling amid the coronavirus pandemic. AspenCoin (ASPD), the digital security representing fractional ownership in 19% of a five-star 179-room hotel in […]
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The U.S. will likely continue enacting laws to support the use of blockchain technology for purposes beyond securities and digital currency. The current state of blockchain innovation in the United States is a tale of two asset classes. On one hand, the Securities and Exchange Commission’s reluctance to embrace or endorse blockchain-based securities has ground […]
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Overstock’s tZERO platform has commenced trading Aspen’s digital security. Aspen (ASPD), the security token representing fractional ownership in the St. Regis Aspen Resort — a five-star 179-room hotel in Colorado, has commenced trading on the tZERO alternative trading system. The news marks the first Tezos (XTZ)-based security token to be listed on a regulated platform. […]
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The crypto market as a whole has made tremendous strides monetarily, even though Bitcoin’s price has so far failed to meet the lofty expectations. As whispers of Bitcoin’s (BTC) promised financial breakthrough failing to materialize over the last few months have continued to garner steam, the price of the premier crypto asset recently surged above […]
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Despite early hype, real estate tokenization has failed to garner significant momentum, leading some to question its future viability. As the initial coin offering (ICO) boom subsided and the 2018 crypto bear trend began to set in, many analysts predicted that security tokens may drive the next market cycle — with the vast capital locked […]
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Recent second quarter financial reports show big growth for Overstock — the same quarter the company gave its security token to investors as a dividend. Recent Q2 financial details from blockchain-involved company Overstock show triple digit percentage growth compared to the same time in 2019. “Total net revenue was $783 million, an increase of 109% […]
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