Overstock (NASDAQ:OSTK) subsidiary Medici Ventures has invested in VinX – an Israel based company which is developing a blockchain platform for wine futures trading. VinX is working with another Israel Fintech, Zen Protocol, a company that has created a new type of blockchain, written from scratch…. Read More
Overstock (NASDAQ:OSTK) founder and CEO Patrick Byrne has purchased 43% of Medici Land Governance – an existing blockchain portfolio company of Overstock. Details on the transaction were not provided. Medici Land Governance was founded in 2018 to help individuals around the world connect by using blockchain and… Read More
Elio Motors (OTCQB: ELIO) is back raising money once again for its three wheel concept vehicle that has been delayed multiple times. But this time is different as Elio is planning an initial coin offering with a security token: ElioCoin. Elio Motors hit the crowdfunding… Read More
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
tZero, a subsidiary of Overstock(NASDAQ:OSTK) and an important element of their blockchain strategy, has filed an updated Form D with the Securities and Exchange Commission. There Reg D filing highlights the security token offering that tZero recently closed. The results were discussed in the most… Read More
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 (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 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
tZEROs ongoing security token offering (STO) will close tonight at 11:59PM, according to the company. The Overstock (NASDAQ:OSTK) subsidiary said there will be no extension to the offering. At the end of June, tZero had announced an extension of the offering which is hosted on StartEngine…. Read More
Medici Land Governance, a subsidiary of Overstock (NASDAQ:OSTK) has signed a Memorandum of Understanding (MOU) with the government of Zambia. The agreement is for Medici to provide a land governance program that collects and secures property ownership information using blockchain. The MOU was signed by Trevor Kaunda,… Read More
tZero, a subsidiary of Overstock (NASDAQ:OSTK) has extended its ongoing security token offering for individual investors until August 6, 2018. The announcement was shared in an email signed by tZero CEO Saum Noursalehi. tZero indicated the move to extend the offering was due to ongoing… Read More
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 announced on Friday it is signing a letter of intent with Hong Kong-based private equity firm GSR Capital to participate in tZERO’s Security Token Offering (STO). According to tZERO, in accordance with the letter of intent, GSR Capital will purchase $160 million in tZERO… Read More
When Overstock (NASDAQ:OSTK) became the first major retailer to accept Bitcoin for payment in 2014, the move raised eyebrows. Four years later, cryptocurrencies still struggle with being seen as “fake” money, exacerbated by boom and bust headlines and regulatory uncertainty. The fastest path to legitimacy?… Read More
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
Overstock (NASDAQ:OSTK) has reported financial results for the first quarter ending March 31, 2018. According to the numbers, Overstock revenue: increased from the prior year quarter $445.3M vs. $432.4M (3% increase). Overstock reported the following Key Q1 2018 metrics comparing numbers to Q1 of 2017:… Read More
In a letter to shareholders Overstock (NASDAQ:OSTK) founder and CEO Patrick Byrne announced a significant management shuffle of executives at both tZero and Overstock. The corporate change is described as intending to accelerate growth at tZero – overstock’s emerging initial coin offering platform for securities on… Read More
Overstock (NASDAQ:OSTK) has scheduled its annual shareholders meeting for May 9th beginning at 1PM MT. The meeting will be webcast live so if you are not a shareholder you may still watch all of the proceedings. Typically, annual shareholder’s meetings are routine events with little… Read More
Elio Motors (OTCQX:ELIO) has received a much needed investment from Overstock.com. According to a public release, Overstock has agreed to purchase $2.5 million in Elio equity at a price of $2.75 per share. Simultaneously, Elio Motors announced its intent to do an initial coin offering… Read More
Joe Cammarata, President of tZero, was visiting with Security Token Academy last week when he made an interesting comment. Cammarata said he was scheduled to meet with the Securities and Exchange Commission in Washington, DC this week to discuss regulation of tokenized securities. The transcript is… Read More
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