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Overstock


This post was originally published here Overstock.com’s venture capital subsidiary Medici Ventures has invested in Israeli-based technology company VinX to develop a blockchain-powered wine futures platform, according to a press release published October 4. The exact amount of the investment was not disclosed. Per the announcement, VinX plans to develop a token-based digital wine futures …

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At a time when it’s hard to find a correlation between cryptocurrencies and just about any other asset class, it may come as a surprise that a fairly public stock would be tracking bitcoin. However, that’s exactly what appears to be the case with the share price of Overstock.com (OSTK) and the BTC/USD exchange rate. …

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Overstock.com subsidiary tZero raised $134 million in its security token offering, the company said Thursday. The announcement – revealed as part of Overstock’s second-quarter results – was paired with a separate disclosure revealing that Hong Kong-based equity firm GSR Capital has agreed to invest as much as $400 million in both tZero and Overstock. TZero said …

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Overstock.com’s token platform subsidiary tZero is officially ending its security token offering (STO) on Monday night. TZero announced that its STO would end at 11:59 p.m. Eastern Daylight Time, or 03:59 UTC. Further, the platform said “there will not be further extensions,” according to statements. The statement added that “investors with fully executed Simple Agreements …

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Overstock’s blockchain subsidiary is partnering with the Zambian government to build a blockchain land title registry, the company announced Wednesday. Medici Land Governance (MLG), the blockchain-powered property rights subsidiary of Overstock.com, has signed a Memorandum of Understanding with Trevor Kaunda, the permanent secretary for the Ministry of Land and Natural Resources in Zambia. Under the agreement, MLG will …

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The blockchain subsidiary of e-commerce giant Overstock has revealed the prototype for its soon-to-be-launched token trading platform. tZero unveiled the prototype Monday and released a video demonstration detailing how it works in practice. The company seeking public feedback on the prototype ahead of its full release, which is expected to take place in May, according to …

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Several organizations, including most recently the Electronic Frontier Foundation (EFF), have misleadingly listed both Bitcoin (BTC) and Bitcoin Cash (BCH) under one payment option, “Bitcoin”. The EFF, an international non-profit digital rights group that had already had BTC as a donation payment option, tweeted yesterday, March 13, that they are now accepting donations in BCH, …

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The little-known Blockchain project, Ravencoin, has been thrust into the limelight with Overstock.com CEO Patrick Byrne mentioning that his company had invested “millions of dollars” into the “use case specific Blockchain focusing on the transfer of assets.” Ravencoin’s opening line on a blogpost from Nov. 1 opens with a line referencing the popular HBO series …

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TechCrunch founder Michael Arrington’s $100 mln cryptocurrency hedge fund has received a subpoena from the US Securities and Exchange Commission (SEC) as part of their recently uncovered cryptocurrency industry probe, CNBC reported Friday, March 2. Arrington told CNBC that while it’s true that his Arrington XRP Capital fund received a subpoena, “every [crypto]fund I’ve talked …

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Overstock.com, which was the first major retailer to accept Bitcoin (BTC) in 2014, has seen its shares fall after its crypto subsidiary tZERO reported that the US Securities and Exchange Commission (SEC) was looking into its Initial Coin Offering (ICO), according to tZERO’s Mar. 1 “Confidential Private Placement Offering Memorandum.” Overstock had experienced a share …

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The president of Overstock’s tZero subsidiary has one simple message to convey: “We have not received a subpoena.” Since public documents Thursday revealed the e-commerce giant’s efforts to raise funding via an initial coin offering (ICO) had drawn scrutiny from the SEC’s Division of Enforcement, Joseph Cammarata has been speaking out, seeking to put forth the message …

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A new filing with U.S. securities regulators has revealed a number of new details about Overstock.com’s ongoing $250 million ICO for its tZero alternative trading system. However, perhaps most notable amid the stream of information on the sale structure and advisory board, is the public e-commerce company’s confirmation that the sale has been under review …

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Patrick Byrne, the CEO of Overstock, which was the first major retailer to accept Bitcoin (BTC) back in 2014, has said that he is “not really interested in cryptocurrencies per se,” but revealed a little-known Blockchain project his company has invested “millions of dollars” into in an interview with Business Insider Friday, Feb. 23. When …

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George Soros’ investment fund became the third-largest shareholder in the pro-cryptocurrency retailer Overstock last year, data shows, according to an article published by CNBC on Thursday, Feb. 15. According to a filing from the US Securities and Exchange Commission (SEC) reported by CNBC Thursday, Soros Fund Management had secured 2,472,188 shares in Overstock by the …

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With Bitcoin shedding 50 percent of its value in little under a month, those firms who vocally rode the wave on the up are now feeling the terrify drop in terms of loss of their own market value. Companies such as Overstock, which has some of its fortunes locked up in the digital currency, as …

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Online retail giant Overstock.com has reportedly experienced a cryptocurrency payments bug that could have allowed customers to mint money simply via repeated cancellation of orders. Last week, North Carolina-based bank security firm Bancsec informed journalist Brian Krebs that Overstock.com had erroneously accepted bitcoin cash instead of bitcoin as payment for a product. To confirm the …

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Online retail giant Overstock said in a statement to a customer Jan. 9 that it is “aware” of a significant glitch in its payment system, which let customers pay with Bitcoin (BTC) and Bitcoin Cash (BCH) interchangeably, accidentally allowing for a huge potential discount. In what online publication The Verge described as “a lesson in …

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Overstock.com just got a hefty chunk of change from one of the biggest names in finance, and CEO Patrick Byrne says much of it will fund the company’s blockchain work. The company disclosed in a Securities and Exchange Commission filing this week that the holder of a warrant had exercised its right to buy $100 …

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The initial phase of a token sale for Overstock.com subsidiary tZERO has seen significant investor activity, according to CEO Patrick Byrne As reported by CoinDesk, the first leg of the sale – in which the firm is selling Simple Agreements for Future Equity (SAFEs) that will later be redeemed for crypto tokens by accredited investors …

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“There’s a method in our madness.” That’s how Overstock founder Patrick Byrne describes the often unexpected moves that have come to characterize his efforts to rethink Wall Street with blockchain. And what began in the lab as far back as 2014, took yet another step yesterday when the firm announced (not without a few hiccups) …

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