Fidelity Cryptocurrency Platform Enters ‘Final Testing’ Stages

American financial services giant Fidelity said that its cryptocurrency trading and custody platform is in the “final testing and process refinement periods” in a Medium blog post on Jan. 31. Per the announcement, the firm is currently providing services to a small, select group of clients while it continues to build the platform’s infrastructure. The firm states: “Our initial clients are an important part of our final testing and process refinement periods, which will eventually enable us to provide these services to a broader set of eligible institutions.” Fidelity announced…

Social Media Platform Kik Promises to Challenge Proposed SEC Enforcement Against Its ICO

Tokenized social media startup Kik has warned United States regulators that they would fight back against a proposed enforcement action against the company, the Wall Street Journal (WSJ) reported on Jan. 27. Canada-based Kik is facing a prospective enforcement action over an alleged securities infraction, after the U.S. Securities and Exchange Commission (SEC) judged its 2017 initial coin offering (ICO) to have involved the sale of unregistered securities. The startup is reported to have raised around $100 million in “kin” tokens for its chat-based social media network — which can…

Blockchain-Driven Real Estate Platform Closes Seed Funding Round Backed by Morgan Creek

Blockchain-based real estate platform RealBlocks has successfully closed a seed funding round backed by digital assets manager Morgan Creek Digital, a press release reveals Friday, Jan. 25. Per the announcement, a $3.1 million round was led by United States-based commerce company Science Inc. with participation from Morgan Creek Digital, Zelkova Ventures, Ulu Ventures, and Cross Culture Ventures. The specific amounts of investment were not disclosed. RealBlocks has designed a decentralized platform that tokenizes shares of private equity funds. It also allows real estate investors to sell shares at both domestic…

Overstock’s tZERO Security Token Platform Begins Live Trading

E-commerce giant Overstock.com’s cryptocurrency subsidiary tZERO announced that secondary trading of tZERO tokens is now live, according to a press release published Jan. 24. Per the release, accredited investors can trade the security tokens through a digital securities brokerage account at Dinosaur Financial Group, which will act as a broker-dealer. Dinosaur partnered with tZERO subsidiary PRO Securities, which provides an alternative trading system for secondary trading of tZERO security tokens. CEO of tZERO Saum Noursalehi said: “The world of security tokens has lacked a regulated venue for secondary trading. The…

Overstock’s tZERO Token Platform Has Officially Opened for Trading

Overstock.com’s much-anticipated security token trading platform, tZERO, officially began trading Thursday afternoon. The company announced in a press release that its secondary market for tZERO’s own security tokens had gone live, marking the first step toward trading other digital assets on the platform. Accredited investors can sign up to trade tZERO tokens through Dinosaur Financial Group, LLC, which is acting as the “introducing,” or customer-facing, broker-dealer. TZERO subsidiary Pro Securities LLC is providing the alternative trading system (ATS) to trade the tokens. Investors in the tZERO token offering have long…

Enterprise Blockchain Platform Records 10K Transactions per Second in Testnet Launch

Enterprise blockchain platform Insolar (INS) has successfully launched its testnet on Jan. 22, recording over 10,000 transactions per second (TPS), according to data from its block explorer Insolar Explorer. As the company announced on Sunday, Insolar set up its private testnet launch in order to prove its scalability and speed, with the goal to reach at least 10,000 TPS. The original Bitcoin (BTC) blockchain is able to process about 7 TPS, while the network of another major coin Ethereum (ETH) can process 20 TPS, as recently reported by Cointelegraph. Ripple…

Top 10 Messenger App Telegram Plans Blockchain Platform Launch in March: Sources

Global messaging app Telegram plans to release the mainnet and token for its blockchain-based Telegram Open Network (TON) platform as early as March 2019. The news was revealed to Cointelegraph by a source close to Telegram founder and CEO Pavel Durov today, Jan. 23. Telegram — which reportedly counts 200+ million active users per month, placing it among the top ten most popular messaging apps worldwide — raised almost $1.7 billion in two private initial coin offering (ICO) rounds last year for both Telegram and its forthcoming platform TON. Cointelegraph’s…

NYSE Operator’s Long-Awaited Crypto Platform Bakkt Announces New Key Vacancies

Bakkt, the cryptocurrency platform created by the operator of the New York Stock Exchange (NYSE), announced that they are hiring for a number of high-up positions in a tweet Jan. 22. The Intercontinental Exchange’s (ICE) much-awaited crypto platform published a list of eight evidently new vacancies at the company, all of which are based in Atlanta and New York City. Some of the positions also have Hong Kong, Tokyo, San Francisco, London, Tel Aviv and Singapore listed as available locations. The page specifies that the company is mostly trying to…

Spanish Port Authority Joins Blockchain Platform Developed by IBM and Maersk

The Port Authority of the Bay of Algeciras (APBA) has signed an agreement under which it will collaborate with IBM on its shipping platform Tradelens, Europa News reported on Jan. 21. Tradelens is a digital platform based on blockchain technology developed by both IBM and international shipping giant Maersk. Algeciras is one of the top 10 busiest ports in Europe, hosting over 70 million tons of cargo traffic annually. In 2017, the port had a container throughput of 4.3 million containers. According to an APBA note seen by Europa News,…

Digital Securities Platform Joins IBM Blockchain Accelerator Program

Compliance platform for digital securities Securitize has joined the IBM Blockchain Accelerator program, Forbes reports on Jan. 21. According to Forbes, Securitize CEO Carlos Domingo said that the firm’s goal is to build a debt issuance platform using blockchain technology. Domingo said: “…we hope to modernize the $82 trillion dollar corporate debt market — which is currently riddled with inefficiencies and high fees — with blockchain technology.” The accelerator will purportedly last three months and will conclude with a presentation and demonstration of Securitize’s platform. The program includes a blockchain…