The security token markets continued to slump last month, with sector-wide trade volume receding by more than 40%. 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…
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While tZERO’s net revenues have nearly doubled year-over-year, Overstock’s fledgling security token exchange is still far from profitable. 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…
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Two dozen security tokens drove $9.15 million in trade during 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…
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Overstock’s blockchain arm tZERO bags $5 million in funding from GoldenSand Capital through its latest equity sale. tZERO, the blockchain subsidiary of the American internet retailer Overstock, raised $5 million in equity investment from the Hong Kong equity firm GoldenSand Capital. Speaking of the firm’s interest in being a part of tZERO’s initiative, chairman of…
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The U.S. Securities and Exchange Commission is seeking more feedback and more time before it decides whether to approve the launch of the Boston Security Token Exchange. The United States Securities and Exchange Commission is seeking more feedback and more time before it decides whether to approve the launch of the Boston Security Token Exchange…
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An Overstock shareholder believes that the company’s directors facilitated the former-CEO Patrick Byrne’s dumping of $90 million worth of stock last September. Online retailer Overstock is facing a lawsuit from shareholder John Murphy over former CEO Patrick Byrne’s abrupt departure from the company and off-loading of $90 million worth of shares. According to Law360 on…
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The Boston Security Token Exchange is still being criticized for attempting to introduce blockchain into existing capital markets, despite another filing amendment. The Boston Security Token Exchange (BSTX) is still looking to be approved by the United States Securities and Exchange Commission. The second amendment to its Oct. 11 filing, submitted on Feb. 19 and…
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