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tZero Announces the Launch of its New Regulated STO Platform

TL;DR tZero, a subsidiary of the US retailer Overstock, has just announced the launch of its new STO platform. The platform is expected to go live next week, and it will create openings for 60 clients. The platform is also pointed out to be in complete compliance with US laws and regulations, just like tZERO token which was recently distributed to investors after a 90-day waiting period. tZero, a blockchain subsidiary of a successful US online retailer, Overstock, has recently announced the launch of its new security token platform. According to reports, the company plans for the platform to go live next week. After a failed ICO trend which went extinct in 2018, security tokens and STOs started gaining attention as ICOs’ spiritual successor. The platform comes at the time when the new trend is becoming increasingly popular, and it might indicates that the crypto space is ready for the next step in its development. New, fully-regulated STO platform tZero offers a settlement platform created on the blockchain technology. The new platform is expected to provide any interested company with the ability to raise funds by launching their own security tokens. Additionally, the platform, as well as all of its future solutions and products, are fully compliant with US regulations. The platform has already attracted the attention of multiple companies interested in acquiring its services, with Elio Motors being one of them. Elio Motors, which produces three-wheeled cars with a goal of revolutionizing the automobile industry, might even be among the first companies to see its security token on the platform. So far, tZero has announced that it will create openings for up to 60 clients. Also, the company will launch its own STO, as soon as it gains the necessary license to do so. Meanwhile, only a week ago, tZero also announced that the distribution of its utility token, tZERO, had been completed. Everyone who took part in the company’s ICO, held from December 2017 to August 2018, has received their coins. The coins were originally issued to a custodial wallet in October 2018, where they were locked up for 90 days. This period, originally announced in coin offering’s terms and conditions, was used to confirm that tokens are in compliance with all federal securities laws and regulations, After the confirmation, the 90-day waiting period ended on January 10th, and token owners finally received their coins. Patrick Byrne, the founder and CEO of tZero’s parent company, Overstock, stated that the platform is ready to go live right away. However, the company decided to wait until user signups were properly processed first. Several months ago, Byrne also announced that Overstock would retire from the retail business in following months, due to its new interest in blockchain technology. Apart from tZero, the company also has another subsidiary called Medici Ventures. Both Medici Ventures and tZero were created with the goal of revolutionizing Wall Street operations by utilizing the blockchain. The post tZero Announces the Launch of its New Regulated STO Platform appeared first on CryptoPotato.
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Overstock’s tZERO Trading Platform to Go Live This Month

The CEO of Overstock.com, Patrick Byrne, informed the crypto and investing communities that the highly anticipated tZERO security trading platform will go live by the end of next week. Mr. Byrne provided this information to Coindesk and stated that the trading platform was ready for launch but they needed a few more days to process user signups. He added: But by the end of the next week we will be turning the trading system live. It’s a big moment for us — four years in the making. The January launch of tZERO is in line with the road-map given back in December by the president of Medici Ventures, Jonathan Johnson. Mr. Johnson had stated that the trading platform would go live in January of this year. Medici Ventures is the blockchain subsidiary of Overstock. Its CEO at the time, Stephen Hopkins had added the following with regards to their vision, We need to do more than just explain what blockchain applications can be. We need to show people how amazing blockchain is by launching blockchain products. When people can use a product, they are half the way up the learning curve of what blockchain is. And now they actually care how it works. Stephen Hopkins is now tZERO’s president as the platform prepares to have its native security token listed with the launch. Mr. Bryne also told Coindesk that there will be more tokens on the exchange. The firm is currently talking to 60 different companies. One such company is Elio Motors that might be the next firm to have its token listed on the platform. Elio Motors produces light three-wheeled cars and has a mission to revolutionize the automobile industry. The tZERO website further explains how the trading platform will work: tZERO’s blockchain technologies aim to revolutionize capital markets and address some of the inherent inefficiencies of Wall Street so that financial processes and investors are less beholden to traditional, institutional market structures. tZERO Completes Issuing its Security Tokens to Investors Only last week, tZERO announced that it had completed distribution of its security tokens to investors who took part in its securities token offering (STO) that  was carried out from December 2017 to August 2018. The tokens were issued to investors who had fully executed Simple Agreements for Future Equity (SAFEs). What are your thoughts on tZERO going live next week? Will it usher in a new era of Securities Token Offering and the trading of the respective digital asset class? Please let us know in the comment section below.  Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Overstock’s tZERO Trading Platform to Go Live This Month appeared first on Ethereum World News.
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Interview Series – Howard Marks, CEO, of StartEngine

Howard Marks is a co-founder and CEO of StartEngine. Since inception, nearly 150 successful financings have been completed for startups and other businesses via the StartEngine platform. Long before ICOs became standard parlance, Howard saw the future of Security Token Offerings. On his blog and also through guest articles as contributor to Forbes, Hacker Noon, The Mission and Next Web, Howard has shared his vision for the space and has worked to chart the path forward to liquidity. StartEngine was involved in the highly successful tZERO STO, they hold annual conferences, and many STOs are raising via the StartEngine platform.   AT: You have quite the impressive background, with an extensive history in software and gaming. Yet, you decided to launch an accelerator program called StartEngine. What inspired this? HM: I felt the Los Angeles technology community needed an accelerator to invest in young companies.  We were the first accelerator to launch in Los Angeles, many more followed.  The mission was to help Los Angeles become a technology city.   AT: How long was it until StartEngine pivoted towards equity crowdfunding? HM: We invested in 60 startups and most of them were not able to raise any capital.  This was a huge problem.  Investors were only interested in very narrow set of ideas and a certain type of founder.  This resulted in most of our investments failing.  This is viewed as normal given the early stage nature of the companies, however, access to capital was difficult for most of them, especially for the female led founders.   In 2014, two years after launching the accelerator, we created the crowdfunding platform and launched in June 2015.   AT: Your first client on StartEngine Elio Motors went on to raise an impressive $16.9 million. How did you source this client? HM: We were introduced to Paul Elio through a marketing company who felt they would be a perfect first customer for our company.  Paul was adamant his community would invest and we were excited to have such an early success.   AT: When did StartEngine decide to also offer ICOs? HM: In June 2017, I was reading about the DAO report published by SEC.  This report explained how the DAO was an investment in securities although it was positioned as utility tokens.  This intrigued me to learn more about ICOs and I found huge fast growing marketplace of investors who were using cryptocurrencies to crowdfund companies.  There were two main differences from our marketplace: They were not following the securities laws and they offered many liquidation marketplaces for the investors.  We decided to help ICOs get out of the shadows and use the JOBS ACT to sell securities within the securities rules.  The first significant ICO we launched was tZero in February 2018.   AT: You were one of the first companies that pivoted from ICOs to STOs. What made you pivot toward STOs? HM: ICOs were viewed by the general public as an investment in utility tokens.  Although most of those tokens were securities, they were not sold as such.  Changing the name to STO made sense because it was clear these offerings were for securities.   AT: We are huge fans of tZERO, how did you get tZERO on-board to raise on the StartEngine platform? HM: When we launched our first summit on November 10 in 2017,  we invited Ralph Diauto from tZero to come and speak.  He saw our entire organization and how we were focused on compliance and following the rules.  This was refreshing for him given the large number of platforms who were launching utility tokens by disregarding the laws.   AT: The StartEngine Summit has been quite successful. My only complaint is that it’s not long enough, any plans on making this a 2-day conference? HM: We have completed three Summit so far and our next one is April 12th.  I think a 2 day conference makes sense, however, it involves twice as many speakers and a lot more logistics.  For now, we are expanding the 1 day conference and in collaboration with many other Los Angeles companies to offer an incredible LA Blockchain Week.   AT: You’ve spoken strongly in the past about supporting women entrepreneurs as traditional venture capitalists often do not provide them with the support and funding that they need. Do you feel that equity crowdfunding and STOs offer them more of a fair playing field? HM: We have learned that under 4% of Venture Capital is invested in women led companies.  This results in discouraging women to pursue their dreams and business aspirations.  This bias contributes to the lack of diversification in the types of companies that are funded and also in the types of ideas available for investors.  So far, StartEngine has women leading 22% of the companies on our crowdfunding platform.  This is still low but a large step forward.  We believe crowdfunding and STOs will help fund more women led companies than VC and Angels combined.   AT: I know you believe in mission statements, what’s the mission statement of Start Engine? HM: Our mission is to help entrepreneurs achieve their dreams.   AT: StartEngine is currently running their own STO. Could you tell us about this STO, the raise amount, and the terms that are offered? HM: We have a fundraising campaign for accredited investors called OWN Limited.  This is limited to a short period of time before we have received qualification from the SEC for our next Regulation A+ public offering.  The OWN Limited terms are $7.50 per token.  Each token represents a share of Preferred stock in the company.  To see the details, go to https://www.startengine.com/own-limited   AT: Anything else that you would like to share about StartEngine? HM: We are focused on building a modern financial firm which can help entrepreneurs capitalize their companies directly from the crowd.  We also want to provide investors with liquidity options.  We are in the process of registration with the SEC for our broker-dealer and Alternative Trading System.  We recently launched a proposed standard called ERC-1450 to tokenize securities.  The purpose is to offer investors the ability to receive digital stock certificates in the form of tokens and to then facilitate the trading on our upcoming platform.   AT: Thank you for the interview. We are huge fans of StartEngine and we were excited you were able to join us. For anyone who wishes to learn more about StartEngine or Howard please see the links below: StartEngine – Invest in companies via equity crowdfunding or STOs. StartEngine STO – Invest in the StartEngine STO. StartEngine Summit – Scheduled for April 12, 2019. This summit is held in Los Angeles twice a year. Future dates will also be posted on our conference page. Howard’s Blog – Howard discusses his views on the industry.   The post Interview Series – Howard Marks, CEO, of StartEngine appeared first on Securities.io.
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Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin

Coinspeaker Mike Novogratz: Facebook’s GlobalCoin Won’t Rival BitcoinMajor Bitcoin bull and former Wall Street exec Mike Novogratz recently discussed the current state of the cryptocurrency industry. The Galaxy Digital CEO explained why he thinks the crypto winter is finally over and why ‘Facebook Coin’ won’t rival Bitcoin.During his interview, Novogratz reminded that everyone had their own version of Bitcoin and the supply exponentially grew. Bitcoin, he thinks, had really established itself as a store value. He said:“This is hard to do because there is just one more stored value of this kind. It’s gold. It is hard to be worth something just because it’s worth something. Almost everything else is different. For example, Uber shares are worth something because people are using it. What Bitcoin has done is a unique thing.”He also referred to Bitcoin’s intrinsic value saying:“You can take all the gold in history that has been mined and put it in three Olympic swimming pools and it’s worth $8,5 trillions. Why? Because it sits in the vaults.”Novogratz went to mention that retailers are buying Bitcoin but also the institutions are moving in. There are Yale, Harvard and Stanford endowments.Microsoft Wanting to Link with Bitcoin Blockchain is a Big ThingThe CEO claims the original Bitcoin boom witnessed around 2016-2017 was influenced by the retail-driven investments by around 98%. This means more companies were buying cryptocurrency at a time when it looked like the future of finance. The recent developments in the crypto world are also affected by ‘credentialing’ according to the CEO especially with the recent move by Microsoft in the industry.“Also, there is Microsoft, one of the biggest companies in the world that says they want to do identify solution by linking it to the Bitcoin blockchain. Now this is big.”Microsoft recently announced their initiation of an identity solution to add to the Bitcoin blockchain. As more investments crowd Bitcoin, its value soars higher as witnessed in the recent spike. Microsoft is not the only big organization enabling the ‘credentialization’ of Bitcoin. Not long ago, Facebook lifted all the bans it had imposed on cryptocurrency and any blockchain-related advertisements.He also mentioned Facebook coin saying that it is really important for the ecosystem.“Crypto is going to be part of Facebook’s future. However, this coin will be listed to some stable currency and will be used for payyments. Bitcoin on the other hand is not going to be the payment currency – it will be stored vault, just like gold. If you really think bitcoin is gonna win this store of value, everything else needs to be used for something.”GlobalCoin Isn’t a Threat to BitcoinAs we’ve already wrote, Facebook’s GlobalCoin will probably be established as a stablecoin, pegged to the dollar or local currencies in the countries that will be allowed to use it. It is also likely to run on a private, centralized blockchain, owned and controlled by the company. Based on this fact, it can not be perceived as a direct competition to Bitcoin or other peer to peer decentralized digital currencies.Other coins that piqued Novogratz’s interest include Ethereum and EOS. These projects have to encourage developers to build on top of their platforms. Just few days ago he was comparing various cryptocurrencies with chemical elements in the periodic table. He then considered the role of altcoins, hinting that each coin will have “to prove themselves out” in order to provide a certain use case.On this note, Novogratz argued out that “there’s no one building anything on the Litecoin blockchain,” as opposed to the Ethereum blockchain.Recently, Novogratz made yet another Bitcoin prediction, claiming that the major cryptocurrency will beat its all-time-high record of $20,000 within the next 18 months.Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin
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Binance Exchange soon To Roll Margin Trading Service For the First Time

An official blog released by Binance exchange confirms the launch of Margin trading service. However, earlier on May 24, 2019, Binance tweeted two screenshots, seeking user’s suggestion on which layout would they be preferred, a white background one and the black background. It was first noticed on Binance’s Twitter handle when a tweet was posted with two different colors included with the tab of Margin. Nonetheless, it was to create the buzz of its upcoming feature but according to TechCrunch, it has already been tested among a few users. As the testing has already been undergone, it is worth to predict that the margin trading option will go live anytime soon. By usage, Margin trading is an option that enables traders to boost up their buying power by using their balances as collateral. However, it wasn’t available at Binance exchange even the binance itself as the largest exchange as well as  the margin trading option carries potential profit margin. It is the first of its kind of Binance to launch margin trading service whereas the other trading platforms including BitMex, Huobi Pro, Poloniex, Coinbaes’s GDAX and Kraken are already serving this service to their customers. Also Read – Binance’s BNB Token Jumps 12% to Hit $34 Following Margin Trade Interface Tease At the moment, Binance is the second largest cryptocurrency exchange in terms of adjusted volume of the last 24 hours. It presently counts the volume of $2,088,850,554. Nonetheless, its native token, Binance Coin (BNB) is soaring a new peak of $33.87 against US Dollar. According to data provided by Coinmarketcap (CMC), BNB is surging with 6.42 percent over the past 24 hours and presently valuing the average trading volume of $4,781,168,385. Image source – Coinmarketcap What’s your take on BNB’s soaring value.? Do you think it will jump higher citing margin trading option by Binance exchange.? Let us know in the comment below Image source – Techcrunch The post Binance Exchange soon To Roll Margin Trading Service For the First Time appeared first on Coingape.
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Is Facebook Launching its GlobalCoin Cryptocurrency Next Year? BBC Says Yes

There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources say. Take today, for example. On Friday, BBC said Facebook (NASDAQ:FB) is going to roll out GlobalCoin next year in several countries. Here’s everything we know. Facebook’s GlobalCoin Hitting the Market Soon? According to BBC, a London, UK-based broadcasting company, Facebook is planning to roll out its cryptocurrency “GlobalCoin” in 2020. The online media giant, according to the BBC ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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Facebook’s GlobalCoin Allegedly to be introduced in 2020

The post Facebook’s GlobalCoin Allegedly to be introduced in 2020 written by Wieke Beenen appeared first on Blockchain News - Security and Utility Tokens, Tokenomics, Cryptoeconomics According to a report by the BBC, Facebook has serious plans introduce its own crypto currency. The facebook coin, internally referred to as ‘GlobalCoin’ will be introduced in multiple countries in the first quarter of 2020, after extensive testing at the end of this year. The new stablecoin which has been rumored about for a […] The post Facebook’s GlobalCoin Allegedly to be introduced in 2020 written by Wieke Beenen appeared first on Blockchain News - Security and Utility Tokens, Tokenomics, Cryptoeconomics
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