Tagged: ostk

Overstock to Sell Bitcoin on Retail Site, Bitsy.com Launches Cryptocurrency Wallet

Overstock (NASDAQ:OSTK) has announced it will commence selling Bitcoin on its retail site. Additionally, Medici Ventures, part of the Overstock portfolio of blockchain based companies, has announced that Bitsy.com has kicked off a beta launch of its cryptocurrency wallet that “creates a simple, secure, and… Read More

Shares in Overstock Rocket Higher Following Upbeat Report on Blockchain Progress

Shares in Overstock (NASDAQ:OSTK) moved higher today following a much anticipated Q2 earnings call yesterday after market close that provided not only operational guidance but added perspective on the emerging blockchain based segment of the business. In an extended call, Overstock founder Patrick Byrne shed… Read More

Overstock Reports Q2 Earnings, Provides Update on Blockchain Initiatives including tZero: “Security Tokens are an Innovation of Historic Proportions”

Overstock (NASDAQ:OSTK) reported financial results for the quarter ended June 30, 2018 today. Top line numbers included $483.1 million in revenue a 12% increase versus same quarter last year. Gross profit increased by 9% to $91.7. Overall, performance came in as follows: Gross margin: 19.0% vs…. Read More

tZero Gets Unicorn Status as GSR Capital Invests at $1.5 Billion Valuation, Security Token Raises $134 Million

tZero has announced a significant investment from GSR Capital. The VC has backed tZero with a term sheet to invest up to $270 million at a valuation of $1.5 billion post money. At the same time, tZero has shared that its just completed security token… Read More

Overstock: Medici Ventures Blockchain Portfolio Company Bitt Appoints Brian Popelka as President

Medici Ventures, part of Overstock (NASDAQ:OSTK), has announced that portfolio company Bitt has appointed  Brian Popelka as President of the Fintech firm. Bitt is based in Barbados and is developing a digital currency ecosystem that seeks to provide a decentralized banking and payment platform. Bitt’s mMoney digital… Read More

tZero & BOX to Partner on “First Security Token Exchange”

Overstock (NASDAQ:OSTK) subsidiary tZERO and BOX Digital Markets LLC are partnering to launch the industry’s “first regulated security token exchange.” tZero was the first crypto focused platform to receive regulatory approval to operate an Alternative Trading System (ATS) – thus enabling the company to trade… Read More

Blockchain JV: Overstock Founder Patrick Byrne & Economist Hernando de Soto Partner on Global Property Registry

Described as an initiative to fight global poverty and inequality, Patrick Byrne, founder of Overstock (NASDAQ:OSTK) has formed joint venture with Hernando de Soto – prominent economist who has been deeply engaged in the Blockchain and cryptocurrency sector.  The new company, called De Soto, Inc., will… Read More

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