Tagged: overstock

tZERO Crypto App Adds Ravencoin

tZero’s Crypto App has added Ravencoin (RVN) to its virtual currencies available to buy and sell. Ravencoin is the 3rd crypto added following Bitcoin and Ethereum. tZero is a subsidiary of Overstock (NASDAQ:OSTK). Ravencoin currently has a market cap of around $145 million and trades… Read More

Non Accredited Investors May Now Buy and Sell tZERO Security Tokens

tZERO has announced that its security tokens are now available to trade by non accredited invetors. Previously, only accredited investors could trade in the digital security. tZERO is a blockchain-focused subsidiary of Overstock (NASDAQ:OSTK). tZERO is both a trading and primary issuance platform focused on… Read More

Overstock Earnings & tZero: Security Tokens are the Killer App

Overstock.com (NASDAQ:OSTK) reported Q2 financial results today. For the quarter ending June 30, Overstock reported a revenue decrease of $373.7 million vs. $483.1 million (23% decrease) in comparison to the same quarter year prior. A Net loss of $24.7 million was an improvement over last… Read More

tZERO Receives Patent for Blockchain based Trading System

Overstock (NASDAQ:OSTK) subsidiary tZERO, has received a US patent for the “Time Ordered Merkle Epoch (TOME) methodology.” TOME is described as a “base-layer technology that uses digital signatures to record and verify time-series data such as trades, executions and settlements.” This tech is said to… Read More

Overstock Issues Digital Dividend of One Share for Every Ten

Blockchain and eCommerce company Overstock (NASDAQ:OSTK) has declared a digital dividend that gives shareholders a single “Digital Voting Series A-1 Preferred Stock” for every ten shares of common stock. Shareholders of record on September 23, 2019, will receive the shares on November 15, 2019. Digital… Read More

tZero Mobile Wallet App Now Available on Android

The tZERO mobile wallet App is now available on Android. Previously, the app was only available on iOS which is highly rated in the Apple App Store. tZero is the blockchain-focused subsidiary of Overstock (NASDAQ:OSTK). The mobile app allows investors to participate in the “global… Read More

tZero Appoints New Executives to Support Platform Growth

tZERO, a subsidiary of Overstock (NASDAQ:OSTK) and a leader in the security token issuance and trading sector, has announced several new hires. According to the company, Brooke Navarro has been appointed Head of Issuance. Michael Mougias joins tZero as Head of Investor Relations and Alexandra… Read More

In Letter to Shareholders, Overstock CEO Patrick Byrne Defends Digital Security Vision

In a letter to shareholders published in advance of an upcoming earnings report, Overstock CEO and blockchain advocate Patrick Byrne defended his vision of “tokenization” and digital assets which he believes are the “killer app of the blockchain revolution.” Overstock (NASDAQ:OSTK) subsidiary tZero is looking… Read More

Bitt Digital, Part of Overstock’s Medici Ventures, Becomes First Company to Exit Central Bank of Barbados Sandbox

Bitt Digital Inc., a portfolio company of Overstock’s (NASDAQ:OSTK) Medici Ventures, has become the first company to successfully complete the regulatory sandbox by the Central Bank of Barbados and the Financial Services Commission. Medici Ventures invested $4 million in Bitt in early 2016. The investment… Read More

tZero CEO Saum Noursalehi Publishes Letter on Platform Roadmap: “We firmly believe that security tokens are the next generation of how the world will trade value”

tZero CEO Saum Noursalehi has sent a letter to the company’s token holders outlining accomplishments while sharing the company’s roadmap for the coming months. tZero is a subsidiary of Overstock (NASDAQ:OSTK) and represents a transition in the company to be more blockchain focused. In the… Read More

tZero ATS Kicks Off Trading of Overstock Digital Voting Series A-1 Ticker OSTKO

OSTKO is the 2nd Digital Security to Trade on PRO Securities ATS Overstock subsidiary (NASDAQ:OSTK) tZERO has commenced trading of “Digital Voting Series A-1 Preferred Stock,” ticker OSTKO (formerly OSTKP). The long-anticipated security token trading on the marketplace represents an important step forward for blockchain… Read More

tZERO Crypto Unit Unveils Digital Wallet and Exchange Services App

tZERO, a subsidiary of Overstock (NASDAQ:OSTK), has announced a crypto wallet and exchange services app via its “tZero Crypto unit.” tZERO Crypto is operated as a dba of Bitsy, Inc. and is a wholly owned subsidiary of tZERO. tZero states that investors who want to… Read More

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

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