#CryptoCorner Episode 392: tZero (NasdaqGS: $OSTK) Raises $50 Million in Equity Funding, Dutch Central Bank Makes Case for CBDC
#CryptoCorner
Episode 392: tZero (NasdaqGS: $OSTK) Raises $50 Million in Equity Funding,
Dutch Central Bank Makes Case for CBDC
Point Roberts, WA, Delta BC April 22, 2020
- Investorideas.com, a leader in crypto and blockchain investing news brings
you today’s edition of the Crypto Corner podcast and commentary on
what’s driving the cryptocurrency market.
Listen
to today’s Crypto Corner Podcast:
Bitcoin Uptick Coinciding with Senate Stimulus News,
tZero Raises $50 Million in Equity Funding, Dutch Central Bank Makes Case for
CBDC and Banks in Argentina Pilot Blockchain
Stocks discussed: (NasdaqGS:OSTK)
Bitcoin (BTC) has made a modest
comeback in the past day, having climbed from around $6,800-$6,900 – where it
had dwelt since late Monday – to a present trading price of about $7,050
according to data from CoinMarketCap. This humble
uptick coincides with news that the U.S.
Senate passed a stimulus package worth $484 billion yesterday, which
principally aims to help small businesses impacted by Coronavirus-related
shutdowns and regulations. This adds to the $2.2 trillion economic stimulus
package the government passed last month, which similarly resulted in a modest
crypto rally.
tZero, the
blockchain arm of online retailer Overstock (NasdaqGS:OSTK), announced that it had raised
$5 million in an equity investment from Hong Kong-based private equity firm
GoldenSand Capital. tZERO CEO Saum Noursalehi commented:
"GoldenSand Capital understands the value of tZERO
and its mission to introduce greater efficiency and transparency to capital
markets by leveraging blockchain and smart contract technology. We are excited
to continue working with GoldenSand Capital to achieve this mission."
The Dutch Central
Bank (DCB) published a 45-page report on central bank
digital currency (CBDC) yesterday, arguing the merits of a digital Euro and the
role of the Netherlands as a testing ground for the attendant system. The DNB
wrote in a separate article:
If the decision should be taken within the Eurosystem
to experiment with some more concrete type of CBDC, we are ready to play a
leading role. The Netherlands provides a suitable testing ground for such an
experiment.
Cointelegraph reports that a
consortium of banks and tech companies in Argentina under the patronage of the
country’s central bank are promoting a pilot program to implement the RSK
blockchain from IOV Labs. According to the report, the system “will handle
direct debit transactions for customers, where the payment is initiated by the
receiver of the funds and not the sender,” and enable the consortium “to trace
the claims between different participants like banks, clearinghouses and
financial agents.”
Sam
Mowers, Investorideas
For investors following the sector Investor Ideas has a
comprehensive Bitcoin, Blockchain
and Digital Currency Stocks Directory
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