Overstock (NASDAQ:OSTK), an e-commerce company, has announced an investment in tZERO, a digital asset issuance and trading platform. tZERO was once a wholly owned subsidiary of Overstock. In a corporate release, Overstock announced that it had completed the second tranche of a previously announced investment… Read More
Pelion Venture Partners has announced a Medici Ventures Day. Pelion Venture Partners is the general partner of the fund that Overstock (NASDAQ: OSTK) enlisted to take over Medici Ventures, the former part of the business that oversaw tZERO as well as its other blockchain based… Read More
Saum Noursalehi, the CEO of tZERO, has exited the firm, according to a statement by the company. Noursalehi reportedly has submitted his resignation effective August 13, 2021. Noursalehi will also step down from his role on the Board of Directors. The tZERO Board has selected… Read More
Overstock (NASDAQ:OSTK) has announced that its blockchain subsidiary, Medici Ventures, has been successfully transferred to Pelion Venture Partners. In early 2021, Overstock announced that had migrated Medici Ventures to a limited partnership while partnering with Pelion Venture Partners to act as the general partner of the… Read More
tZERO has announced a partnership with Vertalo, a transfer agent that facilitates digital securities, to integrate Vertalo’s tech stack. tZERO is a registered alternative trading system (ATS), similar to an exchange, and a regulated broker-dealer. tZERO CEO Saum Noursalehi said they are excited to integrate… Read More
Shares in Overstock (NASDAQ:OSTK) jumped higher in early morning trading following the announcement that Medici Ventures, a wholly-owned subsidiary of Overstock that focuses on emerging blockchain technology, will be migrated to a new “fund” structure managed by VC Pelion Venture Partners. As reported yesterday, Medici,… Read More
Overstock (NASDAQ:OSTK) has migrated Medici Ventures to a limited partnership while enlisting Pelion Venture Partners to act as the general partner of the fund. Medici oversees a number of blockchain-focused ventures including tZero. Overstock will be a limited partner in the fund. Shares in Overstock… Read More
tZERO, a wholly owned subsidiary of Overstock (NASDAQ:OTCK), reports that it has integrated its broker-dealer with FlexTrade, an execution and order management platform, and thus D.A. Davidson & Co. may commence trading on the tZERO ATS. Davidson customers are now able to trade Overstock’s Series… Read More
Overstock (NASDAQ:OSTK) has reported financial results for the quarter ended September 30, 2020. The online retailer and blockchain investor reported that total net revenue came in at $732 million, an increase of 111% year over year. Gross profit was reported at $171 million or 23%… Read More
Medici Ventures has invested $8 million into Bitt, a Barbados-based company. The equity investment into Bitt effectively gives Medici control of the company. Medici Ventures is a wholly-owned subsidiary of Overstock (NASDAQ:OSTK) that focuses on blockchain technology. Bitt was founded in 2013 as an infrastructure… Read More
tZERO, a blockchain-focused subsidiary of Overstock.com (NASDAQ:OSTK), has announced the launch of its broker-dealer subsidiary that can service retail investors. tZERO Markets offers an online brokerage service that also facilitates the trading of digital assets via tZERO ATS. The digital securities currently available for trading… Read More
Last week, the US Department of Justice published a white paper, crafted by the Cyber-Digital Task Force, that outlines its approach to enforcement when it comes to digital assets (or cryptoassets). US Attorney General William Barr issued the following statement on the framework: “Cryptocurrency is… Read More
tZERO, a digital asset focused subsidiary of Overstock (NASDAQ:OSTK), has reported on August 2020 trading regsults in digital securities. According to tZERO, the marketplace recorded its strongest month ever in August 2020. tZERO states that it traded over 2.3 million digital securities, a 21x increase… Read More
tZERO, a subsidiary of Overstock (NASDAQ:OSTK), has received approval from the Financial Industry Regulatory Authority (FINRA) to offer retail brokerage services for digital securities and provide issuers with investment banking and placement agent services in connection with capital raising activities. tZERO CEO Saum Noursalehi called… Read More
Aspen Digital, a digital security, is now trading on tZERO – a regulated ATS and subsidiary of Overstock (NASDAQ:OSTK). Aspen Digital is utilizing the Tezos blockchain and is said to be the first digital security based on Tezos to trade on a marketplace. The shares… Read More
Kyle Sonlin, the founding partner at the Security Token Group and the CEO at Security Token Market (STM), notes that every month, the STM research group compiles the security token trading and data analysis report. Sonlin writes: “The headline this month in the security token… Read More
In just a few months, Overstock (NASDAQ:OSTK) has gone from a not so hot stock to red hot and the company is taking advantage of its newfound popularity. This past week, Overstock announced a share sale priced at $84.50/share. Overstock will be offering 2.1 million… Read More
Overstock (NASDAQ:OSTK) has recently seen its shares rocket from all-time lows to all-time highs. Earlier today, Overstock hit a new 52 week high of over $98/share. Overstock started the year in the single digits at $7, dipping to just over two bucks a share as… Read More
Overstock (NASDAQ:OSTK) reported results this morning that “represent discipline and a lot of hard work” according to the company. The company said that new customers tripled year over year as many new customers found them during Q2 – boosted by the COVID lockdown. The company… Read More
tZERO CEO Saum Noursalehi has published an update on progress pertaining to the digital security platform. tZERO is part of Overstock (NASDAQ:OSTK), a company that has recently experienced a solid increase in its share price since the beginning of the year. Overstock is scheduled to… Read More
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