tZero news

A financial technology company which owns, develops, and operates a suite of fintech solutions for capital markets.

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tZERO CEO Saum Noursalehi Issues Statement on Company Milestones & Planned Roadmap for 2019

Dear tZERO Token Holder, I am quite pleased with the progress our team is making. I have been communicating with you, our token holders, through the Overstock.com, Inc. (NASDAQ:OSTK) quarterly earnings calls, SEC disclosure, and periodic event-driven press releases. I realize I can do more to keep you apprised of the status and prospects of the business. This letter is a first step in that direction. We have also hired a Head of Investor Relations to help. This letter addresses: why I believe tZERO is such a significant business opportunity, the milestones we have already hit this year, and the planned roadmap for the remainder of the year. Why Security Tokens? We firmly believe that security tokens are the next generation of how the world will trade value. In the near future, blockchain and smart contract technology will allow most assets to be tokenized into digital form. This tokenization would make virtually every asset class more easily divisible and tradeable, with the added security provided by an immutable blockchain. Tokenization can extend beyond equities, to assets such as real estate, funds, art, film, and even sports teams. It will democratize access to these traditionally exclusive assets. It will also create more liquidity, reduce friction costs (through token technology that follows regulatory laws), improve regulatory compliance, and make settlement near instant (curtailing a significant source of the potential for market manipulation today). At this time, security tokens and security token trading ecosystems are analogous to the first cellular network towers and the first Motorola mobile phones (aka "brick phones"). Those early products – rudimentary as they seem today – were not at their full potential; however, they showed the promise and capacity for cell phones to become far more superior to what was traditionally available. While tZERO nominally builds phones (tokens), our focus and key to success lies in building a next-generation global network (just as it was in the early years of cellular technology, what matters is who owns the towers). This is where tZERO not only has a substantial lead, but also has a patent protecting how the network is built. While the cellular phone industry is not a perfect proxy for the trade of security tokens, and there is room for conjecture on the impact of phone makers versus network providers, the point stands that our future is not determined by picking winners and losers of particular tokens, but rather in creating the foundation for the industry. Unlike the decades and billions of dollars it took to build the physical backbone of cellular networks, a significant portion of tZERO's infrastructure is already in place. As our network is software-based, we can iterate improvements at a radically faster rate for a fraction of the cost, and thus more easily scale our business. These reasons form the basis for my confidence in our success and in the enormous impact tZERO's technology can have on the world. Where are we today? Below is a list of our key accomplishments this year. January 1: Obtained a patent from the United States Patent and Trademark Office for a system that can take orders to trade "digital transactional items" and integrate with legacy Wall Street systems. January 10: Partner broker-dealer Dinosaur Financial Group ("Dino") launched onboarding investors. Note: the relevant Dino technology is powered by tZERO as the technology provider. January 24: PRO Securities ATS, operated by a PRO Securities, a broker-dealer and a subsidiary of tZERO, launched resales of tZERO's preferred security tokens among accredited investors, with Dino introducing broker-dealer. April 15: Launched tokenization technology as a service. This technology service supports token offerings (i.e., issuance), and for tokenization of existing cap tables/securities. May 3: Announced a letter of intent to tokenize commercial real-estate with the $10B real-estate development firm Emaar. May 27: Finalized agreement with third-party token issuance platform Securitize. This will allow PRO Securities ATS to trade tokens being issued through Securitize. May 30: BOX joint venture, Boston Security Token Exchange (BSTX) filed rulebook with SEC for the first regulated security token exchange. June 14: Filed New Member Application (NMA) for our own retail broker-dealer subsidiary, which is currently under regulatory review. June 26: Formalized agreement with ETC Brokerage Services, as ...Full story available on Benzinga.com
Benzinga

Overstock’s tZERO Tokenizes First Hollywood Movie

tZERO, a majority-owned subsidiary of Overstock.com aimed at using distributed ledger technology (DLT) to strengthen the capital markets, has joined forces with the producers of the upcoming Atari movie. The two will tokenize the first major theatrical motion picture, according to a press release on July 9, 2019. Atari Movie on the Blockchain As statedRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Atari Biopic to Undergo Tokenization through tZERO and Vision Tree

Blockchain Goes to Hollywood Today, digital securities issuance platform, tZERO, has announced a new partnership with Vision Tree. This alliance will see the latter tokenize an upcoming movie they are developing through the use of services rendered by tZERO. The digital securities to be minted, and issued, are expected to raise upwards of $40 million in funding towards the development of an upcoming movie. Investors in this token will be rewarded with, not only a vote in the development of the movie, but rights to a proportionate share of the revenues. The goal of this entire process is to change the way movies are made. By partnering, tZERO and Vision Tree are demonstrating a more efficient means of raising capital, while opening previously unattainable opportunities to qualified investors. If all goes well, this event may spark a change in the way movies are made in the future. Atari: A Fistful of Quarters The movie itself is expected to take shape as a biopic, detailing the journey of the iconic gaming company – Atari. This journey saw Nolan Bushnell, who also founded Chuck E. Cheese, grow a pinball repair business into a gaming giant in its time. Despite being a household name, Atari has not found themselves to be a player within the world of gaming for years, as the industry is dominated by the trio of Sony, Microsoft, and Nintendo. Commentary When announcing this move, various representatives of each company took the time to elaborate. Saum Noursalehi, CEO of tZERO, stated, “Our goal is to apply blockchain technology to capital markets and every industry that can benefit from the platform we have built. The Atari movie is the perfect project to lead the way for the tokenization of the movie business.” Patrick M. Byrne, CEO of Overstock.com (mother company of tZERO), stated, “We have been looking for the team to crack the code for Hollywood and bring much needed transparency and accountability to an industry that has been historically resistant to change. This is an extremely impressive team and we are thrilled to bring the tZERO tech stack to the movie industry.” J.D. Seraphine, Co-founder of Vision Tree, stated, “Once we had the opportunity to connect with Patrick, Saum, and the rest of the tZERO family it became immediately clear that this is the best team to roll out the token for the Atari movie.” Benjamin Gerry, Co-founder of Vision Tree, stated, “It has been a long process to find the right partner to tokenize the Atari movie and to blaze a new trail for other media projects to follow. After looking closely at every major company in the space, we are thrilled to collaborate with tZERO on this exciting endeavor.” tZERO tZERO is a United States based company, which functions as a subsidiary of parent company, Overstock.com. tZERO serves the digital securities sector through their suite of services which allow for the creation, issuance, management and trading of such assets. CEO, Saum Noursalehi currently oversees company operations Vision Tree Vision Tree is a Santa Monica, California, based company, which was founded in 2012. Above all, Vision Tree acts as a tech company, working to implement blockchain technologies within television, film, and media. Founders, Benjamin Gerry, and J.D. Seraphine, currently oversee company operations. In Other News The decision to tokenize the upcoming Atari movie is yet another example of an art medium which can benefit from the ability of digital securities to both generate, and unlock capital. Another example of a form of art being affected by the growth of this industry includes TheArtToken. We recently had the pleasure of completing an interview discussing this project. Interview Series – Oliver T. Roehl, Art Strategist and Purchaser The post Atari Biopic to Undergo Tokenization through tZERO and Vision Tree appeared first on .
Securities.io

tZERO partners with Atari movie for tokenization of first major motion picture

tZERO, the blockchain technology subsidiary of Overstock.com, today announced that it has entered a partnership with the producers of the upcoming movie, “Atari: Fistful of Quarters,” to tokenize the first major theatrical motion picture. This will be the first time the film industry leverages the power of blockchain technology. tZERO will develop the Bushnell token, […]
CryptoNinjas

tZERO Partners with Atari Movie to Tokenize First Major Motion Picture

Leading Blockchain Innovator Announces It Will Work with the Atari Movie Producers to Tokenize the First Major Motion Picture tZERO announced today that it has entered a partnership with the producers of the upcoming movie, "Atari: Fistful of Quarters," to tokenize the first major theatrical motion picture. This will be the first time the film industry leverages the power of blockchain technology, marking yet another milestone towards tZERO's goal to revolutionizing capital markets. tZERO will develop the Bushnell token, sold by the film production and financing company, Vision Tree. The new biopic is centered on a pioneering figure in the video game industry, Nolan Bushnell, who went from repairing broken pinball machines to launching the videogame manufacturer Atari in the 1970s. The film's unique approach to funding is reflective of Bushnell's groundbreaking and innovative career. The movie is being produced by Leonardo DiCaprio's production company, Appian Way, as well as Benjamin Gerry and J.D. Seraphine of Vision Tree. tZERO CEO Saum Noursalehi said, "Our goal is to apply blockchain technology to capital markets and every industry that can benefit from the platform we have built. The Atari movie is the perfect project to lead the way for the tokenization of the movie business." Patrick M. Byrne, Director & Chief Executive Officer of tZERO's parent company, Overstock.com, (NASDAQ:OSTK) added, "We have been looking for the team to crack the code for Hollywood and bring much needed transparency and accountability to an industry that has been historically resistant to change. This is an extremely impressive team and we are thrilled to bring the tZERO tech stack to the movie industry." Vision Tree announced in March 2018 that it planned to raise as much as $40 million with the sale of the Bushnell token. Bushnell token ...Full story available on Benzinga.com
Benzinga

Overstock’s Subsidiary tZERO Launches its Second Digital Security OSTKO

It is being reported that Dinosaur Financial Group will serve as the broker-dealer for this entire setup. Only those users possessing a securities brokerage account with Dinosaur will have the option to facilitate/execute trades. A spokesperson for tZERO — a US-based blockchain firm — recently announced his company’s decision to release its second security offering […]
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tZero Launches New Hack Resistant Cryptocurrency App for Bitcoin and Ethereum Trading

Coinspeaker tZero Launches New Hack Resistant Cryptocurrency App for Bitcoin and Ethereum TradingUS retail giant Overstock’s crypto subsidiary tZero launched a digital wallet and exchange ‘tZERO Crypto’app, the company officially announced yesterday. The initial release of the app will support Bitcoin and Ethereum purchases."tZERO Crypto App live on iOS! This will serve as the foundation for a broader digital asset trading solution. #blockchain #Crypto #Bitcoin2019 #ethereum #tZero $OSTK $BTC " – @Noursalehi https://t.co/kr42RNefS0 pic.twitter.com/X3GiYesWf1— tZERO (@tzeroblockchain) June 27, 2019The company said that their new mobile crypto app is a hack-resistant solution for trading and storing cryptocurrencies. Moreover, tZero’s private key recovery system will allow users to restore their funds in case if they lose their private keys or a mobile device.From the firm they said that they are being committed to compliance and safety and will be utilizing biometric authentication for added security and ease of use.Investors who want to participate in the global cryptocurrency market will be able to buy, sell and hold these digital assets directly through this App on their mobile phone, rather than using more vulnerable, third-party exchanges for custody.tZero CEO Saum Noursalehi explained that the application will store private keys directly on users’ smartphones, which is expected to provide maximum security, in contrast to “more vulnerable, third-party exchanges for custody.” He said:“One of my goals since I joined the company is to provide an intuitive user experience on both mobile and the web to trade all digital assets, including cryptocurrencies. The new app will become the foundation of trading all digital assets for tZERO, whether it’s art, real estate, or private companies.”He added that in the company they are being focused on the development and commercialization of blockchain, the technology that underpins bitcoin and cryptocurrencies in general. He added:“As you know, exchanges have gotten hacked before. What’s different in our case is that the tokens will be stored on your phones with your private keys, which we think is more secure.”Patrick M. Byrne, founder and CEO of Overstock.com confirmed that tZERO Crypto is bringing a superb wallet into production, one with distinct advantages over other wallets currently in use.“One of those is that with tZERO’s Private Key Recovery System, your digital coins are truly held by you, in your wallet, rather than on an exchange in a pot with other fungible tokens. Not only is this more secure (if your coins are held in your wallet and not on an exchange, people cannot steal your tokens by hacking an exchange), but in addition, it is more true to the cypherpunk ethos of decentralization through cryptography.You do not face a risk in losing your passwords or devices. There are other reasons I believe that users are going to find the tZERO Crypto wallet superior to others on the market. In recent shareholders’ calls and an annual meeting, I emphasized that I believed that tZERO would have at least two significant announcements near the end of Q2. This is the first of them.”This announcement seems to go along the bullish cryptocurrency trend that has shown scorching price rally this year, led by Bitcoin, which has soared more than 270% so far in 2019. After hitting an 18-month high past $13,000, Bitcoin last traded $11,401.07.tZero Launches New Hack Resistant Cryptocurrency App for Bitcoin and Ethereum Trading
Coinspeaker

tZERO Launches Cryptocurrency Wallet and Trading App

Overstock.com subsidiary tZERO, through its tZERO Crypto Unit, has launched a cryptocurrency wallet and exchange services app to enable users to buy, sell, and hold digital assets. The subsidiary concern announced the development in a press release issued on June 27, 2019. tZero Crypto Unit Launches Crypto App Blockchain innovation firm tZERO’s crypto-focused division –Read MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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UK Finance Chief Ready to Engage with ‘Potentially Transformative’ Libra

The UK is studying the properties of Libra in-depth to prevent the digital currency from damaging the economy. This is what Philip Hammond, Chancellor of the Exchequer of the United Kingdom, said in a recent interview with CNBC’s Squawk Box. Hammond explained that regulators must fully understand how Libra works to counter the risks associated […] The post UK Finance Chief Ready to Engage with ‘Potentially Transformative’ Libra appeared first on CCN Markets
CCN

Tether (USDT) Accidentally Creates $5 Billion in Crypto

Stable coins, which are backed by fiat currency, have become an integral part of the crypto ecosystem over the past couple of years, and in that regard, Tether (USDT) is possibly the most well known. However, the very fact that it is backed by fiat makes it possible for it to be prone to certain errors, and that is exactly what happened yesterday when the team behind USDT made a mistake that had an effect on the wider crypto market for some time. Administrative Error In an astonishing development, the members at Tether transferred $5 billion ... ﾿ 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.
Crypto Currency News

ZILLIQA Price Prediction Today: Daily (ZIL) Value Forecast – July 15

• The short-term and medium-term outlook is in a downtrend. • Selling opportunities at the broken demand area may be considered. ZIL/USD Medium-term Trend: Bearish Supply zone: $0.02500, $0.02600, $0.027000 Demand zone: $0.01000, $0.00500, $0.00300 ZILUSD is in a downtrend in the medium-term. The bears' strong pressure broke the lower demand area of the rant […]
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Royal Mint In UK Enters Crypto Realm Offering Custodial Services for Temtum (TEM) Cryptocurrency

The Royal Mint in the UK, a 1,100 financial institution tasked with minting coins for the United Kingdom announced their plans to become a cryptocurrency custodian in the coming days. This becomes the first time the financial institution is entering into the cryptocurrency world following previous unsuccessful attempts. The Royal Mint released an official press […]
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