Announcement

Overstock Will Airdrop Millions of Security Tokens to Its Stockholders

Overstock has slated May 19 as the date to airdrop OSTKO security tokens as a dividend to its shareholders. They’ll get one security token for every ten OSTK shares they own as of April 27, making for 4.37 million tokens to be distributed in total.Importantly, trading for these tokens will take place exclusively on Overstock’s alternative trading system tZERO. It processes less than $10,000 in daily volume on average.Documents filed with the United States Securities and Exchange Commission (SEC) on April 7 announced May 19 as the scheduled date for

Dutch Brokerage Platform Launches Crypto Trading Across Europe

In response to the growing demand for cryptocurrency trading, Dutch retail brokerage platform BUX launched its commission-free cryptocurrency trading platform BUX Crypto.In a statement published April 8, the company announced that BUX Crypto is now available across 25 European countries.BUX stated that its new offering aims to bring new traders into cryptocurrency markets by simplifying the crypto trading process. BUX CEO and founder Nick Bortot said:“We see BUX Crypto as a natural extension of our current lineup, which is focused on offering products that make it simple and affordable for

Aside From ZIL Staking Soon: Zilliqa 2.0 Already in the Works says Amrit Kumar

Blockchain project, Zilliqa is still on track to launch staking on mainnet before the end of Q2, but could at the same time be moving towards the next version of the mainnet if ongoing integrations to improve the network turns out successful. In a recently concluded AMA session on Wednesday, Colin Miles, the head of marketing for Zilliqa blockchain, reiterated known facts that the current focus of the project is on rolling out staking, teasing a major announcement in the coming days. 🔊 @zilliqa AMA news:@ColinMiles : “I think the

Crypto Payment Network Partners With ID Screening Service

Cryptocurrency network TemTum is partnering with identity verification service Shufti Pro to provide Anti-Money Laundering (AML) and Know Your Customer (KYC) screening services for its customers.As part of the partnership announced on April 7, Shufti Pro will verify TemTum clients'  KYC data including date of birth, addresses, names, document numbers, document issue dates and expiration dates.EU’s 5th Anti-Money Laundering Initiative ComplianceThe partnership follows the adoption of the European Union's Fifth Anti-Money Laundering Initiative (5AMLD), which introduces new and, in some cases, tightened KYC measures on financial platforms — including cryptocurrency

Matic Network Allocates 100% of Team & Foundation Tokens to Staking in Second Token Unlock

Matic Network has shared vital information on how they intend to allocate its second batch of tokens scheduled to be released later this month. According to the project, the need to provide clarity on the details of the “second token unlock” is imperative to address any future concern or confusion, while adding that the token allocation is designed to be favorable to both token holders and the entire Matic Network ecosystem.  The Matic’s token supply is to be allocated based on five distinct categories such as Teams, Advisors, Foundation, Ecosystem,

Poloniex Creates Tron-Only Platform, LaunchBase to Enter IEO Space

On the 5th of April, 2020, the crypto exchange Poloniex had revealed its new initial exchange offering (IEO) platform, powered through Tron (TRX).The Many StipulationsProjects aiming to do their IEOs through the new platform have to adhere to a stipulation that one would expect from Tron’s exchange: The issuing of tokens must be done in exchange for TRX and will be done on a first-come, first-serve basis.The company was quick to state that partner projects, besides needing to agree to raise the money through TRX. Projects are further mandated to

Top 5 Cryptos Other Than Bitcoin This Week (Mar 29): XMR, BNB, HT, CRO, BSV

Consumer attitudes are changing towards banknotes and credit cards as reports suggest that the deadly coronavirus can spread by their use. The Bank of International Settlements (BIS) has, therefore, urged the central banks to consider developing central bank digital currencies (CBDCs). BIS believes that under the current circumstance, CBDCs will quickly gain prominence. However, it has warned that this move could have a “severe impact on unbanked and older consumers.”  Chamath Palihapitiya, the billionaire CEO of venture capital firm Social Capital, believes that the setting is right for Bitcoin (BTC) to

Top 5 Cryptos Not Named Bitcoin This Week (Mar 29): XMR, BNB, HT, CRO, BSV

Consumer attitudes are changing towards banknotes and credit cards as reports suggest that the deadly coronavirus can spread by their use. The Bank of International Settlements (BIS) has, therefore, urged the central banks to consider developing central bank digital currencies (CBDCs). BIS believes that under the current circumstance, CBDCs will quickly gain prominence. However, it has warned that this move could have a “severe impact on unbanked and older consumers.”  Chamath Palihapitiya, the billionaire CEO of venture capital firm Social Capital, believes that the setting is right for Bitcoin (BTC) to

Crypto Community Largely Approves of Binance Acquiring CoinMarketCap

Despite markets all over the world facing ever-worsening economic troubles amid the ongoing coronavirus pandemic, it seems as though the crypto industry has been able to weather the storm, at least thus far. In this regard, Binance — the world’s largest cryptocurrency exchange — has recently reached an agreement to acquire CoinMarketCap, one of the most prominent crypto data websites.The official announcement was made by both companies on April 2, with Binance CEO Changpeng Zhao telling Cointelegraph that CMC and Binance have from the very start been working to make

Coinbase-Backed Crypto Rating Council Lists IOTA, BAT, and USDC

The question of whether certain cryptocurrencies constitute securities is becoming increasingly relevant within the blockchain industry. As such, some core players in the space are upping their efforts to bring more understanding to the issue.The Crypto Rating Council, or CRC, is a group of major United States’ crypto firms that advocates and promotes regulatory clarity in crypto. Recently, the CRC evaluated a number of new cryptocurrencies to determine whether they should show signs of being securities.Three new tokens are analyzedIn an April 2 blog post, the CRC published an introduction

Binance Shelters Against Job Losses During Global Pandemic

While global unemployment continues hitting new highs amid the coronavirus pandemic, the cryptocurrency industry is stepping in to shelter job losses, with some of the biggest companies in the space announcing their intention to hire new employees.Binance, the world’s largest cryptocurrency exchange, has just announced that it is seeking to hire more than 100 new employees, despite the ongoing economic downturn.In an April 3 tweet, Binance invited people around the world to build a career in the Blockchain space, offering a crucial opportunity to “work from home” as global jurisdictions