Tagged: tzero

Overstock Earnings Report; Shares Drop on News but Insight Shared into tZero & Blockchain Future

Overstock.com (NASDAQ:OSTK) posted earnings today sharing full year 2017 numbers of revenue of $1.7 billion (-3% growth) and a pre-tax loss of ($47.7) million. Q4 did not help as revenue declined by $456 million with a pre-loss of ($24.9 million). Shares dropped following the news but for many individuals… Read More

Most US Crowdfunding Platforms will Become Broker Dealers and Some May Become ATSs

Any US based cryptocurrency exchange is going to be compelled to become an Alternative Trading System (ATS), a regulated trading platform but not a full blown exchange. They have to do it or else. The Securities and Exchange Commission has been increasing the volume of… Read More

Overstock’s Blockchain Sub Medici Ventures Boosts Ownership of Bitt.com Digital Payment Provider

Overstock (NASDAQ:OSTK) is moving things around once again by boosting its ownership in Bitt.com, a Blockchain based payments platform that is based in Barbados. The move was orchestrated by Medici Ventures, Overstock’s Blockchain subsidiary, and it was part of an option that was exercised to invest… Read More

Securities and Exchange Commission Issues Statement Regarding “Unlawful” Cryptocurrency Exchanges

The Securities and Exchange Commission (SEC),  Divisions of Enforcement and Trading and Markets, has published a statement on “online trading platforms,” or cryptocurrency exchanges, that trade in tokens minted by initial coin offerings (ICOs) and digital assets in general. The SEC stated: “The platforms often… Read More

tZero Has Acquired VerifyInvestor for $12 Million in Cash

Buried within the tZero Offering Memorandum for its ongoing initial coin offering were several interesting items of note. The first was the fact the SEC was in the process of reviewing the offering. Another interesting bit of information was the fact tZero has acquired a… Read More

tZero Raises $114 Million During Pre-Sale ICO, Migrates Away from SaftLaunch to StartEngine for Next Phase of Security Token Sale [u]

Overstock SEC Filing Indicates SEC Investigation Regarding ICO tZero has finally provided some clarity on the progress of its initial coin offering (ICO). While the most recent Form D filed with the SEC indicated over $64 million had been raised it did not include international… Read More

tZero Has Now Raised at Least $64 Million of its $250 Million ICO

tZero has filed an updated Form D  506c with the Securities and Exchange Commission. According to this most recent filing, tZero has now raised a minimum of $64,361,403. This is a base amount because the filing does not include what has been raised from investors outside… Read More

Disrupting Goldman Sachs: Polymath Wants to Create a New Investment Banking Paradigm with Initial Coin Offerings

Investment banking is a highly profitable business. Goldman Sachs, perhaps the most prominent investment bank in the world, raked in $32 billion during fiscal 2017 with the majority of this revenue driven specifically by investment banking. Yet arguably, much of the value that is provided… Read More

Overstock Moves Into Discount Equity Trading at $1.99 per Trade

Overstock.com (NASDAQ:OSTK) and Siebert Financial Corp. (NASDAQ:SIEB) have launched Muriel Siebert & Co. discounted online trading platform through Overstock.com’s FinanceHub as it merges e-commerce and securities transactions. Announced last December, any investor in the US, may access the Siebert portal through Overstock.com’s FinanceHub the opportunity to… Read More

Overstock’s Blockchain Subsidiary tZERO Purchases 24% Stake in StockCross Financial

On Friday Overstock’s blockchain subsidiary tZERO announced it purchased a 24% ownership stake in StockCross Financial Services, Inc., a FINRA member firm and a U.S. DTCC member Firm. According to tZERO, the investment in StockCross adds a key partner with the custodial and clearing functionality of… Read More

KODAKCoin ICO Moves into Accredited Investor Stage, Warns of Bogus KODAKCoin ICO Websites & Facebook Pages

One of the most anticipated initial coin offerings (ICO) in 2018, Kodak and its KODAKCoin security token has shared more than 40,000 potential investors have expressed interest in participating in the funding round. KODAKCoin is now moving to the “accredited investor verification phase” where individuals… Read More

ICO 2.0 : SAFTLaunch Says tZero Represents Second Wave of Tokenized Security Offerings

The tZero initial coin offering is one of the most anticipated ICOs scheduled to take place this quarter. tZero, an offshoot of Overstock.com, is founder Patrick Byrne’s vision of the digital asset future. While the past year has been a sugar rush bonanza of global… Read More

Rocking Times at the North American Bitcoin Conference in Miami

While not attending in person, CI was there in spirit for the North American Bitcoin Conference in Miami last week. And according to our sources, it was rocking event. Sure, there was the diversity thing before the conference but we expect organizers will be more… Read More

Polymath Network Telegram Account is First to Tap Out at 50,000 Follower Cap

Polymath Network is the first cryptocurrency related project to hit the 50,000 follower ceiling on Telegram. The highly popular company is the industry first security token launch pad. As initial coin offerings become professionalized and regulated you must have a service that can manage tokenized securities and… Read More

The Big One: tZero Says KODAKCoin will Trade on its Forthcoming Digital Assets Exchange

The announcement by Kodak that it would be jumping into the cryptocurrency space with its own initial coin offering and KODAKCoin rattled all of corporate America. If a fallen star like Kodak could do it, then why not them? In a way, Kodak validates the… Read More

This is Interesting: tZero Partners with Polymath on Initial Coin Offering

Security initial coin offering (ICO) specialists Polymath has announced a partnership with tZero. The Overstock subsidiary is currently hosting its ICO on SaftLaunch enlisting institutional investors for its security offer. Apparently, Polymath has already provided advice to tZERO on the design, economic model, and distribution of… Read More

SaftLaunch Struggles with tZero Initial Coin Offering Demand

tZero, a compliant securities token offering, is experiencing significant demand. While it is hard to quantify, we have been hearing chatter for some time now that SaftLaunch, the issuing platform, has struggled to manage all of the inbound requests legitimate and otherwise. In a letter… Read More

tZero Filing Indicates $8.1 Million Sold So Far in $250 Million Private Placement ICO

tZero, the company that wants to be the one digital asset exchange to rule them all, has filed a Form D (506c) with the Securities and Exchange Commission (SEC). According to the filing, $8.107 million in equity has been sold with the date of the… Read More

On the Move: tZero Acquires Stake in StockCross Financial

Overstock’s (NASDAQ: OSTK) digital subsidiary tZero has purchases a 24% stake for $12 million in StockCross Financial Services, Inc., a U.S., DTC Clearing Firm. This announcement comes on the heals of tZero investing in Kennedy Cabot Acquisition, a FINRA approved Broker Dealer and the parent of Siebert… Read More

tZero ICO Begins Sending Offering Memorandum to Accredited Investors, Announces Airdrop as Incentive

The tZero Initial Coin Offering (ICO) listed on SaftLaunch is poised to be one of the largest ICOs to date. Open only to accredited investors, the pre-sale launched on December 18th only for the largest, institutional investors. Within half a day, over $100 million had… Read More