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
Overstock (NASDAQ: OSTK) subsidiary tZERO has been asked by Hong Kong-based private equity firm GSR Capital to develop a smart contract commodity token for the sale of cobalt. GSR Capital is a significant investor in tZero having committed to invest up to $270 million at a… Read More
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
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
Last week, the Virtual Commodity Association (VCA) officially launched and quickly scheduled a meeting for September. The inaugural members included several well-known names in the virtual currency sector. Bittrex, Bitstamp, bitFlyer USA and Gemini Trust Company were announced as founding members. At the same time, Maria… 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
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
The flight to Barbados isn’t a short one. I left home at 5am and didn’t get into Barbados until after midnight thanks to a minor delay caused by inclement weather surrounding Miami. I heard that it’ll take roughly 35 hours for another person who’s coming… 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
tZERO and BOX Digital Markets LLC, have signed a joint venture (JV) that is expected to enable the two companies to launch the world’s first security token exchange. tZero said the JV will now seek approval from the US Securities and Exchange Commission (SEC). The… 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
Aperture’s PropertyCoin initial coin offering kicked off yesterday as the company seeks to marry blockchain and real estate backed investments. Property Coin is said to be the first opportunity to own a professionally managed real estate portfolio using Ethereum. Based in Los Angeles, Aperture is a real… 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
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