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“# Ex-Wall Street execs lead new Bitcoin mining firm as US hash rate soars ” Prime Blockchain (PrimeBlock), a new cryptocurrency mining company in the United States, is hiring its inaugural management team after starting mining Bitcoin (BTC) in September. PrimeBlock told Cointelegraph on Thursday that it appointed Goldman Sachs veteran Gaurav Budhrani as the…
“#Dominion sues Newsmax, One America over voting-machine fraud claims” Dominion Voting Systems on Tuesday sued two conservative media networks, One America News Network and Newsmax Media, saying they defamed the US voting machine company by spreading false claims that it rigged the 2020 election against then-US President Donald Trump. Dominion also filed a lawsuit making similar allegations…
“# tZERO and Earn partner up for real-estate backed digital securities liquidity ” tZERO ATS, a broker-dealer which facilitates the secondary trading of digital security tokens, has partnered up with commercial real estate and finance platform Earn.re, according to a joint announcement on March 3. The partnership will allow commercial property issuers on Earn.re to…
“# Overstock spins its blockchain subsidiary into crypto investment fund ” Online technology retailer Overstock is converting its blockchain investment wing into a cryptocurrency-focused investment fund, as it seeks to maximize profits amid the crypto boom. Overstock.com announced on Jan. 25 that its wholly owned blockchain-focused subsidiary, Medici Ventures, will become a limited partnership fund, pending…
“# Judge reverses own ‘mistaken’ dismissal of Overstock lawsuit ” A Utah federal judge has reversed his own dismissal of a class-action lawsuit against online retailer Overstock that alleges it manipulated the market by issuing a security token “Digital Dividend” to shareholders last year. On Jan. 6, Judge Kimball reversed his previous decision to dismiss…
“# Overstock expanding blockchain arm tZero in Ireland ” United States’ retail giant Overstock is reportedly expanding its blockchain wing tZero with new hires in Ireland. The Utah-based e-commerce company is seeking to hire software and devops engineers to work on its blockchain and security token subsidiary tZero, local tech news agency Silicon Republic reported on…
“# Security token volumes crash by half for two consecutive months ” The bullish momentum enjoyed by the security token sector in the first three quarters of 2020 has well and truly subsided, with monthly volume crashing by more than 40% for the second time in a row. Since it tagged almost $22 million in…
“# Despite strong security token growth, tZERO continues to lose money ” Despite explosive third-quarter growth in the security token sector, Overstock’s Q3 2020 earnings report reveals that its tZERO alternative trading system (ATS) has continued to lose money. The ATS specializes in security tokens, consistently hosting more than 95% of the sector’s monthly trade…
“# Security token trading volume crashed by 60% in September ” Following four months of spectacular growth, security token trade volumes have crashed by nearly 60%. From May through August, monthly volume gains for the sector ranged between 113% and 280%, posting record highs that increased from $998,000, to nearly $22 million, according to Security…