Tokens for Tesla: Exchange launching next week will trade US shares in crypto | Binance will have ‘at least one new token launch every month’ on its redesigned token platform
|Jan 3, 2019|
“We have long thought that thoughtful governmental adoption of emerging technologies such as cryptocurrencies (when accompanied by non-restrictive legislation over these technologies) is the best way to ensure the U.S. does not lose our place at the forefront of the ever-advancing global economy.” — Patrick Byrne, CEO Overstock
The Big Block
DX.Exchange, a European-regulated crypto exchange, plans to open its doors to investors next Monday, but it won't just offer trading between crypto and fiat.
The 100-person will also allow users to buy tokenized shares in Apple, Amazon, Facebook, Netflix, Tesla, and a number of technology companies that trade on the Nasdaq Stock Market. "We are launching with 10 of the top stocks traded on Nasdaq first. And we will again be adding more and more as we move forward," chief executive officer Daniel Skowronski said in an interview with The Block.
Traders will be able to purchase tokenized shares in fiat or in select cryptocurrencies. An agreement with MPS MarketPlace Securities means they will back each tokenized stock purchase with an actual share of a given company, Skowronski said, adding the digitized stock will be ERC-20 tokens.
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Around The Block
Binance will have ‘at least one new token launch every month’ on its redesigned token platform
Binance, the largest cryptocurrency exchange, is relaunching its token sale platform Launchpad, the firm announced Thursday.
The Launchpad platform originally went online in August 2017 and facilitated two token sales — BREAD and GIFTO — in the midst of the ICO mania at the end of 2017. BREAD raised $6 million, whereas GIFTO raised $3.4 million. Both sold out in seconds, according to the firm. The platform has been redesigned from the ground up to allow for more engagement with project teams and it will aim to “help blockchain projects raise funds and increase their reach across the crypto ecosystem,” according to Binance. — More
Overstock set to become the first national company to pay their Ohio taxes in bitcoin
Overstock is set to become the first national brand in America to pay their taxes in bitcoin, according to a press release issued by the firm. The online retailer announced on Thursday that it will "pay a portion of its Ohio state business taxes in bitcoin" using the state's recently announced crypto-tax payment platform, OhioCrypto.com. — More
Indian police issues a warning against investing in cryptocurrency — More
Thai government agency develops e-voting solution — More
Study finds the average Facebook user would take $1,000 to deactivate their account — More
RBI is putting official digital currency on hold, reports claim — More
Japanese e-commerce giant DMM retires from cryptocurrency mining business — More
Inaugural ‘Proof of Keys’ campaign set for Bitcoin’s genesis 10-year anniversary — More
New York becomes the first U.S. state to create a crypto task force — More
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