Tagged: overstock

February 4, 2019 @ 4:19 pm By JD Alois  |  

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

January 26, 2019 @ 11:04 am By JD Alois  |  

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

January 23, 2019 @ 3:43 pm By JD Alois  |  

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

January 3, 2019 @ 9:20 am By JD Alois  |  

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

December 20, 2018 @ 1:07 pm By JD Alois  |  

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

December 19, 2018 @ 2:05 pm By Samantha Hurst  |  

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

December 18, 2018 @ 9:30 pm By JD Alois  |  

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

December 5, 2018 @ 7:14 am By JD Alois  |  

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

November 8, 2018 @ 9:26 pm By JD Alois  |  

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

November 8, 2018 @ 8:22 pm By JD Alois  |  

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

November 2, 2018 @ 5:52 pm By JD Alois  |  

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

October 22, 2018 @ 1:53 pm By JD Alois  |  

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

October 16, 2018 @ 10:20 am By JD Alois  |  

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

October 4, 2018 @ 10:14 am By JD Alois  |  

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

September 25, 2018 @ 11:51 am By JD Alois  |  

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

September 23, 2018 @ 1:23 pm By JD Alois  |  

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

September 14, 2018 @ 9:21 am By JD Alois  |  

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

August 22, 2018 @ 3:19 pm By JD Alois  |  

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

August 10, 2018 @ 12:33 pm By JD Alois  |  

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

August 9, 2018 @ 5:52 pm By JD Alois  |  

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