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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.
CryptoPotato

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.
Ethereum World News

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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Billionaire Elon Musk Lauds Bitcoin As “Quite Brilliant,” Why Isn’t Tesla Going Crypto?

While Elon Musk has yet to formally delve into the Bitcoin space, he has long been a fabled member of the crypto community. Since finding his way to the headlines of the world’s media, the Tesla chief executive’s pro-innovation mindset has struck a chord with many enamored with cryptocurrencies. In fact, some say that Musk’s unsaid raison d’etre of bettering society at large, especially by amending the world’s most harrowing issues (climate change, confinement on Earth, financial inequality), lines up with the goals held by many cryptocurrency insiders. Thus, some have even argued that Musk could be Satoshi Nakamoto. Sahil Gupta, a former intern at Musk’s second multi-billion dollar enterprise SpaceX, once infamously claimed that Musk’s brief mentionings of cryptography, economics, the C++ computing language, along with the entrepreneur overarching vision scream Satoshi. The South African-Canadian entrepreneur has done his best to keep his mouth zipped regarding his candidacy for the Satoshi title, but that hasn’t stopped him from talking about cryptocurrencies. We had @elonmusk on the latest episode of @ARKInvest's podcast! He had a few things to say about Bitcoin. "Paper money is going away and cryptocurrency is a far better way to transfer value than pieces of paper." – Elon Muskhttps://t.co/U5qOnM7nBo — Yassine Elmandjra (@yassineARK) February 19, 2019 Bitcoin Is “Quite Brilliant” While the crypto market has remained in a depressed state, save for Monday’s jaw-dropping rally, stars have begun to descend on this industry. Weeks ago, NewsBTC reported that a mass of celebrities, including the Spice Girl’s Mel B, Johnny Depp, Madonna, and Lionel Messi, had some involvement in cryptocurrency. More recently, Jack Dorsey of both Twitter and Square took to Joe Rogan to claim that the native currency of the Internet is likely to be Bitcoin. Related Reading: Twitter CEO Loves Lightning on Bitcoin: is it the Future of Fast, Instant Payments? And just on Tuesday, Elon Musk, the most well-known Silicon Valley guru, took to the New York-based ARK Invest’s “FYI” Podcast to touch on Tesla’s plans, autonomy, other innovations, such as crypto. Per The Block, who compiled his comments regarding cryptocurrencies, Musk made his comments with explicitly bullish tones. After discussing Tesla’s most recent advancements, the hosts of the podcast, the CEO and an analyst at ARK, a disruptive innovation-centric investment group, took a brief aside. They asked Musk if he agrees with Dorsey’s recent comments on Bitcoin and cryptocurrencies at large. Interestingly, Musk responded with an answer, albeit somewhat cursory. He tacitly agreed, noting that the “Bitcoin structure was (is) quite brilliant,” adding that Ethereum and “maybe some of the others” have merit too. Musk did admit that he isn’t too enamored with Bitcoin’s Proof of Work (PoW) consensus mechanism, noting that it is energy intensive. Yet, he explained that fundamentally, crypto assets are great as they bypass currency controls, especially in nations embroiled in financial and political turmoil, like Venezuela. He added that cryptocurrencies are also a “far better way to transfer value than pieces of paper,” subsequently quipping that he’s sure of this “without a doubt.” In spite of all this, he made it clear that Tesla isn’t going to foray into the crypto space in any capacity, noting that it would be a good use of his firm’s resources to prop up an offering. Musk’s abrash comments quickly elicited responses from each and every corner of the crypto space. Matt Odell, a long-time pro-Bitcoin coder and industry personality, joked that the comments “confirmed” his bias that cryptocurrencies could oust banknotes. Changpeng “CZ” Zhao of Binance noted that eventually, “[Musk] will join the brotherhood,” adding that he is unequivocally sure that the businessman will take up a crypto mantle. CZ notably called on the Tesla founder to take up the Lightning Network Trust Chain torch last week, just days after Twitter’s Dorsey openly lauded Bitcoin in dozens of tweets. Crypto Is Better Than Banknotes? While Musk made notable acknowledgments in his brief appearance on ARK’s “FYI,” what stood out to many crypto investors was his thoughts on the dichotomy between banknotes & physical cash, and crypto assets, not centralized e-money. For a brief recap, Musk simply stated that he is unequivocally sure that crypto, whether it be Bitcoin, Ethereum, or otherwise, is a “far better” medium of exchange than pieces of paper. Shocking, right? This may be deemed hearsay by pundits of the legacy world, but the world is already adopting digital mediums of exchange. Per previous reports from this outlet, Arthur Hayes of BitMEX took to his company blog to claim that platforms like WeChat Pay and AliPay have already begun to take over China’s financial system. Who’s to say that cryptocurrencies, a decentralized counterpart to these systems that tout their own currencies, cannot have a similar impact on society at large. The fact of the matter is that these digital payments systems, whether decentralized or centralized, offer benefits that cash/plastic cannot. Case in point, payments on both Bitcoin and WeChat Pay are cheap, rapid, and relatively secure. But arguably, decentralized payment ecosystems, which are non-sovereign, private, immutable, and non-censorable, are even better than their centralized peers, which is likely what Musk was touching on. Featured Image from Shutterstock Billionaire Elon Musk Lauds Bitcoin As “Quite Brilliant,” Why Isn’t Tesla Going Crypto? was last modified: February 20th, 2019 by Nick ChongThe post Billionaire Elon Musk Lauds Bitcoin As “Quite Brilliant,” Why Isn’t Tesla Going Crypto? appeared first on NewsBTC.
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In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange

In this edition of The Daily we cover some largely supportive remarks the famous entrepreneur Elon Musk has made about Bitcoin, the latest academic institution to launch a blockchain R&D center, and a new offering from Malta-based exchange Xdat. Also Read: Bank of Spain Report: Bitcoin Is a Solution for a System Without Censorship Elon Musk Talks Bitcoin The founder of Tesla and Spacex, Elon Musk, is once again making headlines about crypto. He recently went on the Ark Invest podcast to discuss the future of autonomous driving technologies. Most of the half-hour interview focused on the strategy behind his electric car company but the topic of cryptocurrency eventually popped up in the last four minutes. Musk commented: “I think the Bitcoin structure is quite brilliant. There seems like there is some merit to Ethereum as well, and obviously others. But I’m not sure if it’s a good use of Tesla resources to get involved in cryptos … We’re really just trying to accelerate the advances of sustainable energy. One downside of Bitcoin is … computationally it’s quite energy intensive. There has to be some kind of constraint on the creation of crypto. It’s very energy intensive to create the incremental bitcoin at this point … It bypasses currency controls. Paper money is going away, and crypto is a far better way to transfer value than pieces of paper. That’s for sure.” Shanghai’s Fudan University Launches Research Center Shanghai’s Fudan University has become the latest academic institution to launch a blockchain R&D center. Founded in 1905, Fudan is one of the most prestigious and selective schools for higher learning in China. The Shanghai Blockchain Engineering Technology Research Center is tasked with carrying out basic research in the field, developing demo applications in collaboration with the broader industry, and training talent to serve Shanghai’s economic development. Last month the University of California, Berkeley announced the formation of its own blockchain-focused startup accelerator program, the Berkeley Blockchain Xcelerator. This program is meant to help aspiring entrepreneurs create high-value ventures in the blockchain space with industry guidance from Silicon Valley. Xdat Exchange Lists 18 Trading Pairs Xdat, a new Malta-based cryptocurrency trading exchange, has announced the listing of 18 trading pairs. These comprise ETH/BTC, BCH/BTC, EOS/BTC, ETC/BTC, XRP/BTC, DASH/BTC, LTC/BTC, BTC/ETH, BCH/ETH, EOS/ETH, ETC/ETH, XRP/ETH, DASH/ETH, LTC/ETH, BTC/TUSD, ETH/TUSD, BTC/EURO, and ETH/EURO. The company has further plans to add other pairs over time. The exchange is compliant with Maltese regulations for KYC and AML procedures and caters to both retail and institutional investors. Its fiat gateway allows users to deposit funds in 12 major currencies: USD, GBP, JPY, HKD, CHF, AUD, NOK, SEK, DKK, CZK, PLN, and HUF. This selection is meant to eliminate the need for involvement of a foreign bank for the supported options and allows users to work solely with Xdat’s bank. “Xdat is on a mission to address the key problems of existing exchanges … including lack of flow of new capital, lack of trust, no approach for mass adoption, and high fragmentation,” said CEO Prashanth Swaminathan. “Our aim is to bring crypto to all. To that end, we will be working closely with our community and using their support and feedback to make our interface more user-friendly and trading as streamlined as possible.” What do you think about today’s news tidbits? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange appeared first on Bitcoin News.
Bitcoin News

Elon Musk Praises 'Brilliance' Of Bitcoin And Ethereum, But Clash With Tesla's Energy Stance

Main Street seems to be giving cryptocurrency a second look. Last week, Jamie Dimon and JPMorgan Chase & Co. (NYSE: JPM) announced an investment in JPM Coin, which will become the first digital token provided by a U.S. bank. This week, Tesla Inc (NASDAQ: TSLA) CEO Elon Musk lent cryptocurrency additional validation. “Paper money is going away, and crypto is a far better way to transfer value than pieces ...Full story available on Benzinga.com
Benzinga

Elon Musk Calls Bitcoin "Brilliant" | Here's Why He's Optimistic

What are your thoughts on this news? Are you optimistic or bearish? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like and subscribing. Running into some trouble or questions? Feel free to leave them down in the comments below! ---------------------------------------------------------------------------------------------------------- Check out Yellow: https://www.youtube.com/channel/UC2u2FXKKyIFsNBr_MlpCMfA Interested in signing up for our newsletter? Click the link below! Link: https://www.nicholasmerten.com/newsletter-dash-report-1/ Looking to file your crypto taxes? Check out TaxBit! https://app.taxbit.com/invite/DataDash/ ---------------------------------------------------------------------------------------------------------- What are your thoughts on current markets? Are you optimistic or bearish? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like and subscribing. Running into some trouble or questions? Feel free to leave them down in the comments below! *I WILL NEVER PURSUE PROJECTS THROUGH TELEGRAM OR OTHER SOCIAL MEDIA OUTLETS. CONTACT MY EMAIL LISTED BELOW FIRST AND THEN VERIFY MY IDENTITY THROUGH A VIDEO CALL BEFORE MOVING FORWARD. THERE ARE MANY SCAMMERS IN CRYPTO. EMAIL SPOOFING IS RAMPANT, SO VERIFY MY IDENTITY THROUGH VIDEO* For consulting, speaking, or other business inquiries, please feel free to reach me at contactdatadash@gmail.com Patreon: http://patreon.com/data_dash Telegram: Alerts | https://t.me/Data_Dash Discussion | https://t.me/datadash Discord: https://discord.gg/S7MtTcB Donate NANO: xrb_3y7qi1z5kcpgi9cnk4bctus155qntiy1cszfmeh9zg7eqqqjb9imebsqf33t BTC: 14DHXJa9CgeBPf6m7UeMKE9yzAYFKPW2nV ETH: 0xa34d3461ae04953489e9aa464689c022836751d0 Want to start trading cryptocurrencies? Sign up through this link to get $10 of free bitcoin with your first purchase of over $100 ↓↓↓ https://goo.gl/woCYL6 Want to start trading coins? My top choice is Binance. ↓↓↓ https://goo.gl/DZVYPn Want to trade OTC? Caleb & Brown is my personal favorite to get started. https://partners.calebandbrown.com/datadash Looking to buy physical gold or silver? Check out the link below: https://goldsilver.com/?aff=DD Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
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