Home » Cryptocurrency News » Cryptocurrency News » Aspen launches on tZERO amid record security token volume Aspen launches on tZERO amid record security token volume August 26, 2020 0 Comments Overstock’s tZERO platform has commenced trading Aspen’s digital security.Aspen (ASPD), the security token representing fractional ownership in the St.Regis Aspen Resort — a five-star 179-room hotel in Colorado, has commenced trading on the tZERO alternative trading system.The news marks the first Tezos (XTZ)-based security token to be listed on a regulated platform.ASPD is just the third token listed on tZERO, and is the first third-party platform supported by the exchange.Saum Noursalehi, tZERO’s CEO, stated he is “thrilled to see the St.Regis Aspen digital security trading on the tZERO platform.” “Digitizing and trading private securities like Aspen will be the future model that will enable broader investor access, provide liquidity optionality, and reduce cost of capital,” Noursalehi added.On its first day of trade, ASPD fell slightly from $1.32 to $1.30.
Stephane De Baets, the president of ASPD’s issuer, Elevated Returns, described the listing as: “An important step toward unlocking liquidity to quality real estate projects, which has the potential to open the door to a $6 trillion commercial real estate market.” Elevated Returns plans to tokenize a further $1 billion worth of real estate projects using Tezos’ FA1.2 smart contract standard in the future.Aspen’s listing comes after an unprecedented surge in trade activity on tZERO, with the platform hosting nearly $8 million in volume during July.Last month saw tZERO’s TZROP token explode from $1.20 to $4, while Overstock’s OSTKO token rallied from $19.60 to $57.50.The bullish momentum has continued during August, with OSTKO last trading for $82, and TZROP changing hands for $5.10.
July was also a particularly strong month for real estate tokens, with the nine property tokens traded on RealT’s secondary markets posting gains of between 7% and 35%.Share this: Blockchain in Business: What Do Companies’ 10-K Reports Say About DLT? How seriously are American corporations committed to blockchain technologies? Are blockchain technologies materially significant yet? One place to find the answers to these questions is Form 10-K, a report the United States Securities and Exchange Commission (SEC) requires corporations to file annually.Some of the information a company is required to disclose in the 10-K… Why Cryptocurrency Is More Than a Hedge Against US Dollar Inflation During times of international economic crisis, governments print money.This leads to inflation and investors subsequently stashing their investment capital in long-term, stable investments.Historically, that has meant gold, but in the current economic crisis, gold has been joined by another long-term store of value: Bitcoin (BTC).There are several good reasons for this.
The United… Huobi Expands to Turkey Where 20% of the Population Hold Crypto Huobi exchange will expand its operations to Turkey, planning to have a crypto-to-fiat onramp for Turkish users by the end of 2019, according to a press release on June 26.The Singapore-based crypto exchange will be “moving aggressively” to the Turkish market over the next 12 months, since the country has a “very important and promising… ‘No Chance:’ John McAfee Halts Crypto Promo as US 2020 Elections Near Cryptocurrency entrepreneur John McAfee says he will stop promoting individual coins to focus on his presidential bid — but already knows he will not win.In a series of tweets beginning on Dec.14, McAfee, who has built a large following among crypto users, claimed that championing individual projects in the space took up too much… Bitcoin Gold Blockchain Hit by 51% Attack Leading to $70K Double Spend The Bitcoin Gold (BTG) blockchain has suffered a 51% attack resulting in over $70,000 worth of BTG being double spent.According to a GitHub post by James Lovejoy, a researcher at MIT’s Digital Currency Initiative, the hard-fork of Bitcoin was hit by two deep reorganizations of over 10 blocks on Jan.23 and 24.A 51%… Investors Defrauded by South Korean Pyramid Scheme An alleged crypto pyramid scheme stole hundreds of millions of dollars from investors.
1168 Total views 21 Total shares South Korean authorities are investigating a complaint filed by 950 investors who claim to be victims of a crypto-related ponzi scheme.According to TV Chosun, police are looking into reports that over 160 individuals are believed to… Internal Revenue Service Sends New Round of Letters to Crypto Holders Last week, the United States Internal Revenue Service sent another round of letters to crypto traders called CP2000.These notices were sent to traders of some crypto exchanges due to inconsistencies found in their tax reports.Using the information provided by third-party systems — such as crypto exchanges and payment systems — the IRS has been… Bitpay Shuns Lightning and Liquid, Says Actual Bitcoin Payments Still Dominate Bitpay won’t be using Lightning or Liquid any time soon, with actual Bitcoin payments still accounting for 95% of transactions.1571 Total views 44 Total shares Pioneering crypto payments service Bitpay has revealed that Bitcoin still overwhelmingly dominates payments and that it has no plans to use second layer solutions like the Lightning or Liquid… Norwegian Bitcoin Millionaire Jumps From Balcony to Flee Armed Burglar The case of an attempted robbery that ended with a cryptocurrency multimillionaire jumping from his second-floor balcony will be heard in Norwegian courts next month.Local broadcaster TV 2 reported on Sept.8 that the victim was an individual in his 40s who had been in the public spotlight for having made his 100 million NOK… .
