Tagged: overstock

Overstock CEO Patrick Byrne Sells Shares in His Company, People Complain, Byrne Responds to “Preclude Further Recurrence of Mass Vapors”

Earlier this week, Patrick Byrne, CEO and founder of Overstock  (NASDAQ:OSTK), filed a Form 4 indicating a sale of 900,000 shares in his company.  Apparently, the masses slammed the sale demanding answers. Simultaneously the price of Overstock swooned on the news. Yesterday, in a Dear… Read More

Overstock Says Series A-1 Preferred to Trade on tZero Soon as Security Tokens

Overstock (NASDAQ:OSTK) is circulating a letter to shareholders in the Series A preferred shares telling investors they are transitioning to tZero securities token trading platform. To facilitate the transition, Overstock will need to issue new shares and the company must receive individual shareholder approval. The… Read More

tZero Appoints New CEO for Broker Dealer “Affiliate”

Overstock (NASDAQ:OSTK) subsidiary tZERO has announced that Elliot Grossman has been appointed Chief Executive Officer (CEO) of its “upcoming broker-dealer affiliate.” tZero may be described as the crux of Overstock’s blockchain initiative. The platform seeks to act as the fulcrum to its primary issuance and… Read More

Overstock Earnings: E-Commerce Delivers Loss but Blockchain Projects are “Some of the Most Significant and Cutting Edge in the World”

Overstock (NASDAQ:OSTK) has reported financial results for the quarter ended December 31, 2018. According to a release from the e-commerce/tech/blockchain firm, both top line revenue and profit declined for the quarter. Shares in Overstock dipped in pre-market trading. In a note to shareholders, CEO and… Read More

Overstock’s Medici Ventures Invests in Bankorus Blockchain-based Banking Platform

Overstock’s (NASDAQ: OSTK) blockchain subsidiary, Medici Ventures, has bought a 5.1% stake in Bankorus, a blockchain banking platform focused on custody, lending, and exchange of assets on the blockchain, according to a release from the firm. Terms of the deal were not disclosed. Bankorous’ platform… Read More

Overstock Issues Statement on GSR Investment in tZero: Not Yet Completed

Overstock (NASDAQ:OSTK) has a statement from company CEO and founder and tZERO Executive Chairman Patrick M. Byrne. The statement addresses a previously announced equity investment into tZero by GSR Capital and Makara Capital.  Apparently, the investment, which was valued at up to $270 million, has… Read More

Overstock Issues Statement on tZero Milestones: An Iterative Journey that Dates Back to 2014

Overstock (NASDAQ:OSTK) has issued a release that touts the accomplishments of its blockchain focused securities platform tZero. Overstock is, of course, a discount e-commerce platform – not exactly a business that one would expect to seek to disrupt the financial services industry. But founder Patrick… Read More

Overstock’s Medici Land Governance Signs MOU with Tulum, Mexico for Land Records

Overstock’s (NASDAQ:OSTK) Medici Land Governance (MLG) subsidiary has signed a Memorandum of Understanding (MOU) with the municipality of Tulum in Quintana Roo, Mexico. The MOU is to develop a digital land records platform built on their blockchain platform. MLG and Tulum officials expect to “work together to… Read More

Overstock’s tZero Starts Trading Tokens, What Does this Mean for Blockchain based Securities?

tZERO, a subsidiary of Overstock (NASDAQ:OSTK), began trading its very own security token on Friday. Long anticipated, the event was foreshadowed earlier in the week when Overstock founder and Blockchain advocate Patrick Byrne said he was “ready to hit the button” and turn tZero on…. Read More

Overstock Expected to Switch on tZero within the Week

tZero, a subsidiary of Overstock (NASDAQ: OSTK) and part of Medici Venture’s blockchain portfolio, is expected to go live within days. This is according to multiple reports of Overstock CEO and founder Patrick Byrne stating he was “ready to hit the button and go live”… Read More

Overstock Makes a Point to Pay Taxes in Ohio Using New OhioCrypto.com Site

Overstock (NASDAQ:OSTK) has issued a statement indicating they will be paying their Ohio taxes using the newly launched OhioCrypto.com site announced in November by Treasurer of Ohio Josh Mandel. Overstock CEO and blockchain advocate Patrick M. Byrne said in the announcement: “We have long thought… Read More

Overstock Subsidiary Medici Land Governance Signs up Wyoming County to Provide Blockchain based Records

Overstock (NASDAQ:OSTK) subsidiary Medici Land Governance, has signed a Memorandum of Understanding (MOU) with Teton County in Wyoming to provide a blockchain-based land records and information platform. Medici Land Governance is just one of many blockchain initiatives that Overstock is currently pursuing. According to the… Read More

tZERO Appoints Alan Konevsky As Chief Legal Officer

Overstock’s blockchain subsidiary tZERO announced on Wednesday it has appointed Alan Konevsky as its new Chief Legal Officer. According to tZERO, Konevsky was most recently a senior vice president at Mastercard and will oversee tZERO’s expanding legal, regulatory, public policy, as well as compliance functions. tZERO also revealed… Read More

Stealth Mode Fintech Chainstone Labs Completes Equity Transfer with Security Token to Medici Ventures Using Ravencoin Blockchain

Medici Ventures, the blockchain holding company subsidiary of Overstock (NASDAQ:OSTK) says it has completed an equity token transfer using the Ravencoin blockchain. Medici reports it purchased $3.6 million in Chainstone Labs, a stealth Fintech startup that is focused on digital securities. Chainstone, founded by CEO… Read More

Overstock Sub Medici Ventures Invests in GrainChain Blockchain Startup

GrainChain, a blockchain startup for documenting agricultural yield and handling payments, has received an equity investment from Overstock (NASDAQ: OSTK) subsidiary Medici Ventures. According to a note from the company, Medici has invested $2.5 million purchasing a 10% ownership stake in the firm. Medici has… Read More

Overstock Earnings Report: It’s Really All About Blockchain

Overstock (NASDAQ: OSTK) reported Q3 earnings today after the market closed. While the company is best known for its e-commerce expertise, most of the earnings call was about crypto, blockchain, and the future according to Patrick Byrne. As for Overstock,  top-line revenue came in at… Read More

Overstock Sub Bitsy Exchange & Wallet Starts Service on Monday

Bitsy, a “user-friendly bridge” between the US dollar and Bitcoin will be publicly available this Monday (November 12, 2018). Bitsy is a portfolio company of Medici Ventures – Overstocks (NASDAQ: OSTK) – blockchain accelerator. According to a release, Bitsy users will be able to download the… Read More

Overstock Subsidieary Medici Land Governance Signs MOU with Rwanda

Overstock. (NASDAQ:OSTK) subsidiary Medici Land Governance has signed a Memorandum of Understanding (MOU) with the Rwanda Land Management and Use Authority (RLMUA) and the Rwanda Information Society Authority (RISA) to utilize their blockchain based land management tech. This is the second MOU that Medici has signed… Read More

Overstock Subsidiary Medici Ventures Invests in Minds, Patrick Byrne to Join Board

Overstock (NASDAQ:OSTK), via subsidiary Medici Ventures, has invested in Minds, Inc. a cryptocurrency social network. The investment will be joined by Overstock founder and CEO Patrick Byrne joining the board of directors of Mind. Details on the amount invested were not disclosed. Patrick M. Byrne,… Read More

tZero Distributes Security Token to Investors, Plans Secondary Trading

tZero, Overstock.com’s (NASDAQ:OSTK) blockchain based crypto platform, has distributed its own security token. tZero, a registered alternative trading system (ATS), closed a funding round in August with investors purchasing $134 million of preferred equity in the startup. The funding delivered unicorn status to a marketplace… Read More

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