Overstock’s tZERO Tokenizes Upcoming ‘Atari: Fistful of Quarters’ Movie

tZERO, the cryptocurrency wing of American retail giant Overstock, will tokenize forthcoming motion picture “Atari: Fistful of Quarters,” according to a press release published on July 9.Per the release, tZERO has partnered with the upcoming movie’s producers to develop a token dubbed “Bushnell,” which will be sold by the film production and financing company Vision…

Latin America’s Biggest Investment Bank to Sell $1 Billion in STOs Using Tezos

Latin America’s biggest investment bank, BTG Pactual, plans to shift its security token offerings (STOs), a pipeline of over $1 billion in sales, onto the Tezos blockchain. The announcement appeared in a joint press release published on Tezos Foundation’s website on July 3.The new initiative is a collaboration between BTG Pactual and Dubai-based asset manager…

Huobi Unveils ‘Finance Chain’ For Building Enterprise Blockchains

Huobi Group is jointly developing a new public blockchain for decentralized financial (DeFi) services, according to a press release on July 1.Major global digital asset financial service provider Huobi has partnered with Chinese blockchain startup Nervos enabling companies to deploy their own blockchains, tokenized assets, as well as DeFi services, according to the announcement.The joint…

First Stablecoin Trading Pairs Listed on Binance DEX

Major global crypto exchange Binance has listed trading pairs for USDSB, a Binance Chain-based version of StableUSD (USDS), the firm announced on June 24.As noted in the statement, Binance has launched trading for two trading pairs, including USDSB against major stablecoin tether (USDT), as well as the USDSB-to-USDS trading pair today at 10:00 AM UTC.Derived…

Arca Funds Files With SEC to Issue Stablecoin-Like Digitized Shares on ETH Blockchain

Arca Funds, an American institutional-grade investment manager, is seeking regulatory approval to issue digitized securities on blockchain, according to a filing document released on April 12.The company has filed with the United States Securities and Exchange Commission (SEC) to issue its Arca UST Coins — digitized shares that will be authenticated and then recorded in…

‘Augur Scam’ Sparks Centralized Vs. Decentralized Debate on Reddit

According to a Reddit thread on March 19, traders on Augur, a decentralized oracle and peer-to-peer protocol for prediction markets, are being scammed. The Reddit user claims that “some people” in the Augur community are exploiting a design element of the Augur protocol by purposefully creating invalid markets through ambiguous wording. This allows them to…

Crypto Firm Accused of Fraud, Duping Investor Into Buying $2 Million in Tokens

A lawsuit recently filed in a United States district court in New York claims that an investor was misled into investing $2 million dollars in the cryptocurrency MCash, a Feb. 1 court filing states.The filing alleges that the plaintiff Lijun Sun transferred $2 million to New-York based investment group Blue Ocean Capital Group, Inc. to…