SEC Postpones Decision on Overstock-Affiliated 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 (BSTX). In a letter published on April 1, the regulator postponed the current April 2 deadline in light of responses to a recent proposed rule change to BSTX’s original filing. The proposed exchange BSTX is a project for a regulated security token exchange platform that would be jointly owned by Box Digital Markets and Overstock’s blockchain arm tZERO. As the SEC summarizes…

Ark’s 1 Million Token Grant Fund Drives Community Innovation

Interoperable blockchain project Ark (ARK) designated one million ARK valued at roughly $150,000 toward its new development grants program on March 24. While the grant program was launched one week ago, Ark’s Strategic Partnerships Manager, Ray Alvarez, told Cointelegraph that it has already received proofs-of-concept from developers. The program exclusively funds “proposals involving technical deployments and usage of [the] ARK technology stack.” The applications include standalone applications and plugins, including development contributing to Ark’s decentralized private messaging application, desktop wallet, and transaction plugins. In addition to sparking development for specific…

April Fools Sees Toilet Paper Token in Short Supply on CoinMarketCap

It’s April Fool’s day somewhere, or at least in CoinMarketCap’s neck of the woods, as the cryptocurrency data site saw massive volumes for new “Toilet Paper Token.” A website known for listing cryptocurrencies in order of market cap value, CoinMarketCap, listed Toilet Paper Token (TPT) as number “0” atop its list on March 31, showing a circulating supply of “out of stock.”    Although it’s still March 31 in some parts of the world, the annual day of pranks has already reached parts of the Asia-Pacific. Source: CoinMarketCap.com Bringing a bit…

Following Bittrex Listing, UPT Token Pumps on Thin Volume

Bittrex Global has listed two stablecoins and a utility token issued by ‘The Universal Protocol Alliance’ (UPA) after joining the UPA. The new listings comprise stablecoins Universal Dollar (UPUSD) and Universal Euro (UPEUR), in addition to the Universal Protocol Token (UPT). UPT rallies on Bittrex listing The announcement appears to have comprised a boon for UPT — with the token gaining nearly 170% in 24 hours. Despite the strong price performance, the move was driven by less than $3,000 in volume, with trades taking place on a single exchange. UPT…

Atari Is Not Releasing an ICO Token… It’s Releasing 2 Tokens and a Crypto Casino

Legendary video game company the Atari Group will conduct an initial coin offering aimed at launching a cryptocurrency casino. Atari was founded in 1972 in Sunnyvale, California, though ownership has changed hands several times since then. The company currently belongs to Atari Interactive, a subsidiary of the French publisher, Atari, SA. Its stock is listed on NYSE Euronext Paris with a current market cap of just under $50 million. And now the company’s entering crypto. According to the company’s March 10th press release: “In 2018, the Group had granted an…

Binance.US Will List Tezos Token for Trading on March 16th

On March 16th, digital asset marketplace Binance.US will list XTZ, the in-house cryptocurrency of blockchain project Tezos. According to an announcement on Binance’s website, trading for XTZ/USD and XTZ/BUSD trading pairs will be available on Monday, March 16th at 9:00 AM EST. At the time of writing, users on Binance.US can deposit USD, BUSD, or XTZ to their wallets before trading goes live on Monday. However, only deposits of the XYZ tokens will be allowed; withdrawals are permitted after 9:00 AM on March 16. XTZ is currently valued at $1.47.…

This Token Surged 65% in March despite Crypto Market’s $86.35B Loss

A dollar invested in Tachyon Protocol’s IPX token at the beginning of March has returned $1.65 by the mid. The newborn cryptocurrency went live on HitBTC on February 25, 2020, the day the crypto market suffered about $12 billion worth of intraday loss. It naturally took a toll owing to the wider selling sentiment, eventually losing 12.56 percent of its value after hitting the February closing bell. IPX edges into positive territory even though its top peers decline | Source: CoinMarketCap.com Nevertheless, IPX rebounded as it headed into March, surging…

This Token Surged 62% in March despite Crypto Market’s $36B Loss

A dollar invested in Tachyon Protocol’s IPX token at the beginning of March has returned $1.62 by the 12th day of the month. The newborn cryptocurrency went live on HitBTC on February 25, 2020, the day the crypto market suffered about $12 billion worth of intraday loss. It naturally took a toll owing to the wider selling sentiment, eventually losing 12.56 percent of its value after hitting the February closing bell. IPX edges into positive territory even though its top peers decline | Source: CoinMarketCap.com Nevertheless, IPX rebounded as it…

Traditional Markets Remain Skeptical of TZero-Backed Security Token Platform

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 published on March 6, makes it explicitly clear that the security tokens will not have any role in defining ownership. BSTX is a proposed exchange platform jointly owned by Box Digital Markets and Overstock’s blockchain arm tZero. Its goal is to be the “world’s first regulated exchange to trade security tokens,” according to its website. The text…

Someone Just Minted a Doge-Themed Crypto Token Worth $129,000

A Doge-themed non-fungible token (NFT) now appears to comprise the most valuable ERC-1155 in existence. The NFT is backed by over 1,155,777.1 Enjin (ENJ) — worth approximately $129,000 at the time of writing. The NFT, “It’s good to be the King,” was minted on March 1 and pays homage to the meme-inspired DOGE cryptocurrency depicting the well-know Shiba Inu donned with a regal crown and staff.  ‘It’s good to be the King’ ERC-1155: Enjix The token’s name appears as though it may be aimed in jest at the now-second-most valuable…