Overstock – Ƀitsell X

Overstock spins its blockchain subsidiary into crypto investment fund

January 26, 2021

Overstock subsidiary Medici Ventures will cease providing all previous services pending a full conversion into a limited partnership fund. Online technology retailer Overstock is converting its blockchain investment wing into a cryptocurrency-focused investment fund as it seeks to maximize profits amid the crypto boom. Overstock.com announced on Monday that its wholly owned blockchain-focused subsidiary, Medici Ventures,…
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Overstock expanding blockchain arm tZero in Ireland

November 10, 2020

The Emerald Isle is now a hotspot for talent in tech and a corporate tax haven. United States’ retail giant Overstock is reportedly expanding its blockchain wing tZero with new hires in Ireland. The Utah-based e-commerce company is seeking to hire software and devops engineers to work on its blockchain and security token subsidiary tZero,…
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Aspen launches on tZERO amid record security token volume

August 26, 2020

Overstock’s tZERO platform has commenced trading Aspen’s digital security. Aspen (ASPD), the security token representing fractional ownership in the St. Regis Aspen Resort — a five-star 179-room hotel in Colorado, has commenced trading on the tZERO alternative trading system. The news marks the first Tezos (XTZ)-based security token to be listed on a regulated platform.…
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Law Decoded: Blockchains and the Eastern Bloc, August 14–21

August 22, 2020

As protests rage in Belarus and Alexei Navalny remains in a coma, we look at new developments in crypto across the former USSR. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note The political machinations of Eastern Europe have dominated recent headlines. Protests…
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Senate Says Jailed Russian Spy Bonded With Overstock CEO Over Bitcoin Hoping to Get to Rand Paul

August 18, 2020

New details of the salacious Butina-Byrne romance that led the Overstock CEO to resign emerge in latest volume of Senate Russia investigation. On Aug. 18, the Senate Intelligence Committee released volume five of its investigation into Russian interference in the 2016 election. The new version found that former CEO of Overstock.com and noted crypto advocate…
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Overstock’s Blockchain Ventures Booming in Q2

July 30, 2020

Recent second quarter financial reports show big growth for Overstock — the same quarter the company gave its security token to investors as a dividend. Recent Q2 financial details from blockchain-involved company Overstock show triple digit percentage growth compared to the same time in 2019. “Total net revenue was $783 million, an increase of 109%…
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SBI Moves Into Security Tokens as Secondary Markets Pump

July 24, 2020

Japanese financial giant SBI Holdings has acquired a 10% stake in Nomura’s digital security platform Boostry. Major Japanese financial services company SBI Holdings now owns a 10% stake in the digital security offering platform Boostry. The news follows the signing of a memorandum of understanding between Nomura Research Institute — a joint venture of Boostry’s…
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tZERO Platform Sees 1,500% Growth, Lists ASPEN Token

July 23, 2020

As real estate security tokens grow in popularity, tZERO has partnered with Aspen Digital to support trade in a five-star resort-backed token. Leading security token exchange tZERO has partnered with Aspen Digital Inc. to enable trade for Aspen’s digital security. The ‘ASPEN’ token, previously dubbed ‘Aspen Coin’, represents $18 million worth of indirect ownership in…
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Overstock Airdrops 4.37m Security Tokens to Shareholders

May 21, 2020

Overstock has successfully distributed its controversial ‘digital dividend’ security token airdrop. Overstock has successfully distributed its ‘digital dividend’, issuing ‘OSTKO’ security tokens to its stockholders on a basis of one digital token for every ten company shares owned on May 19. In total, 4.37 million OSTKO tokens were airdropped to shareholders via transfer agent Computershare…
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Overstock Wants Lawsuit Nixed Ahead of Security Token Distribution

May 14, 2020

Overstock is seeking the dismissal of a lawsuit accusing the firm of market manipulation and issuing misleading information regarding tZERO. Online retailer and early Bitcoin adopter Overstock has filed for the dismissal of a lawsuit that accuses the company of misrepresenting the nature of its ‘digital dividend’ token. The dividend is a security token airdrop…
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Category: Overstock