Tagged: overstock

Overstock Revenue Increases 111% versus Year Prior, tZERO Revenue at $11 Million, Shares Rise

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

Overstock Blockchain Subsidiary Medici Ventures Invests $8 Million in Bitt Giving it Controlling Interest

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 Launches Retail Broker Dealer

 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

tZERO Chief Legal Officer on Crypto Enforcement Actions: “Cowboy innovation is worse than no innovation at all”

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 Reports Rising Volume in Digital Securities Trading

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 Approved by FINRA to Offer Retail Brokerage Services

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

Digital Assets: Aspen Digital Trades on tZERO, First Tezos Based Digital Security to Trade

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

Blockchain Professional Kyle Sonlin Says Investors aren’t Scared of Security Tokens as an Investment, Discusses Arbitrage Opportunities

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

Overstock Prices Share Offering at $84.50 as Shares Trade Near 52 Week High

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

Shares in Overstock are Going Gangbusters and That’s Good for tZero, Meanwhile tZero ATS Reports Best Month Yet

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 Rising: Online Retailer Reports Strong Results, tZERO Blockchain Business Still on Track

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 Updates on Platform Progress

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

tZero to List Aspen Digital Security Token on ATS

tZERO, a blockchain-based subsidiary of Overstock (NASDAQ:OSTK), will list digital security issued by Aspen Digital Inc. (ASPEN). The security token will trade on the tZero ATS. ASPEN is said to represent $18 million of indirect ownership in the St. Regis Aspen Resort in Aspen, Colorado…. Read More

tZero Recognized as “Best Blockchain Solution of the Year”

tZERO, a subsidiary of Overstock (NASDAQ:OSTK), has been recognized as the “Best Blockchain Solution of the Year” by Financial Technologies Forum and FTF News. In a release, tZERO CEO Saum Noursalehi stated: “We are proud to be recognized as Best Blockchain Solution of the Year,… Read More

Real Estate Token Market Continues to Record Gains, Up 4.27% in April 2020

  While still relatively small, the global real estate token market continues to record substantial gains. Its value increased by around 4.27% during April 2020, meanwhile, the largest securities tokens experienced losses for the same time period. The total market cap of security tokens dropped… Read More

tZERO Posts Update on GSR Investment

The record date for the Overstock digital dividend is nearing (Ex-dividend April 24 and the “Digital Voting Series A-1 Preferred Stock dividend” will be distributed on May 19th). The dividend will trade on the tZERO ATS. Earlier today, tZERO announced that GoldenSand Capital (formerly known… Read More

Overstock Receives DTC Eligibility for Digital Securities

Overstock (NASDAQ:OSTK) has announced receipt of Depository Trust Company (DTC) granted eligibility for the company’s Digital Voting Series A-1 Preferred Stock, OSTKO. This eligibility allows for depository and book-entry services at DTC – similar to all other traditional exchange-traded shares. Approval by DTC was expected. Yesterday,… Read More

Overstock Earnings: Revenue, Net Income Down as Company Continues to Lose Money, Blockchain Initiatives Said to be On Track

Overstock.com (NASDAQ:OSTK), an eCommerce site and blockchain company is out with its Q4 earnings report. During Q4 net revenue declined from the same period last year by 18% to $370.9 million. Overall, Overstock generated as loss of $27 million. Overstock CEO Jonathan Johnson commented on… Read More

Overstock Subsidiary Medici Ventures Invests in Vital Chain as Firm Partners with the MetroHealth System

Vital Chain, a blockchain-based platform that digitizes birth and death certificates, has announced a partnership with the MetroHealth System. Vital Chain is majority-owned by Ownum. MetroHealth is a sizeable hospital group and public health system supported, in part, by public funds. Based in Cleveland, Ohio,… Read More

GrainChain, a Blockchain-based Agricultural Solution Developer, Secures $8.2 Million in Round Led by Overstock Subsidiary Medici Ventures

GrainChain, a blockchain-powered agricultural solution developer, revealed on March 6, 2020, that it secured $8.2 million in funding from Medici Ventures, a subsidiary of retail firm Overstock (NASDAQ:OSTK).   GrainChain also received investments from Eden Block, a blockchain venture company, and several other investors.  GranChain’s investment… Read More

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