$404 Million to $100 Million: GSR to Cut Overstock tZERO Investment By 75%

$404 Million to $100 Million: GSR to Cut Overstock tZERO Investment By 75%

A long-awaited capital infusion for Overstock and its tZERO security token platform has been delayed again – and significantly downsized. GSR Capital, a Hong Kong-based private equity firm, was supposed to close the $404 million investment on Feb. 28. But on Friday, Overstock said the deal had not closed, and the parties are now in talks for a much smaller […]

Facebook Plans to Launch Cryptocurrency in First Half of 2019: NYT Report

Facebook Plans to Launch Cryptocurrency in First Half of 2019: NYT Report

Facebook is talking to exchanges about potentially listing a cryptocurrency. That’s the main finding from a New York Times story published Thursday on several efforts to introduce native cryptocurrencies to widely used messaging platforms. The Times reports that Signal and Telegram are also planning to roll out tokens over the next 12 months. Citing “four people briefed […]

LinkedIn Founder, Fidelity Latest to Carry Bitcoin’s ‘Lightning Torch’

LinkedIn Founder, Fidelity Latest to Carry Bitcoin’s ‘Lightning Torch’

An ongoing experiment with bitcoin payments technology, the lightning network, continues to see support from some big name individuals and companies. The latest to receive a payment in a chain of transaction now known as the”Lightning Torch” are the digital assets team at financial giant Fidelity Investments and LinkedIn co-founder Reid Hoffman, both of whom joined the effort […]

Top Swiss Bank Provides Crypto Storage and Trading Services, Massive For Awareness

Top Swiss Bank Provides Crypto Storage and Trading Services, Massive For Awareness

Julius Baer announced today that it would offer crypto services to its clients all across the world. Switzerland’s third-largest banking giant partnered with a Zug-based startup SEBA Crypto to take advantage of their institutional-grade digital assets solution. The bank said in a press release that the partnership with SEBA would allow them to offer its clients digital assets storage, […]

Coinbase Exchange Users Can Buy and Sell XRP Starting Today

Coinbase Exchange Users Can Buy and Sell XRP Starting Today

Crypto exchange Coinbase is launching support for XRP, the third-largest cryptocurrency by market capitalization. The exchange announced Monday it would be listing XRP on its professional trading platform, Coinbase Pro, in “transfer-only” mode, meaning customers can only deposit tokens to begin with. After a minimum of 12 hours, the company plans to activate other trading services, though […]

NFTs Are Here. But Where Are They Headed?

NFTs Are Here. But Where Are They Headed?

There was something both fresh and familiar about the NFT.NYC conference that non-fungible token developer PeopleBrowsr put on at the PlayStation Theater in Times Square last week. It felt like some of the early bitcoin conferences: A little scrappy and rough around the edges, some wild ideas that ranged from practical to pie-in-the-sky, but in all exuding […]

Security Token Startup Templum Shifts to Private Blockchains

Security Token Startup Templum Shifts to Private Blockchains

Security token specialist Templum is shifting from public to private blockchains. Announced Monday, enterprise software vendor Symbiont is building a private blockchain and smart contracts system that Templum will use for future security token offerings (STOs) by its clients. Previously, the regulated broker-dealer left the choice of blockchain protocol up to the issuers, but this […]

Bitcoin Spikes 5% to $4,100 in Just 2 Hours, Analyst Says Market Turning Bullish

Bitcoin Spikes 5% to $4,100 in Just 2 Hours, Analyst Says Market Turning Bullish

Within less than two hours, the Bitcoin price surged from $3,920 to $4,137 by more than 5 percent against the U.S. dollar. The Bitcoin price surged above $4,100. The abrupt and strong performance of the dominant cryptocurrency fueled other major crypto assets in the likes of EOS, Ethereum, and Litecoin to record large gains in the range of 4 to 7 […]