News
Overstock’s shares are up 8% following the announcement of record activity on its tZERO security token exchange.
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Overstock News
Overstock.com is an online retailer that sells a wide range of goods. At its origins, it was a platform for selling the surplus of electronic goods or those which had been returned, but it then started to offer new products, which have attracted more of the public. The platform was founded in 1999 by Patrick Byrne, who is the current CEO of the company. The company is headquartered in the USA. In 2014, it became the first major retailer to start accepting Bitcoin as a form of payment. By 2017, the company had launched the Medici Ventures department, specializing on blockchain and its technologies, while also entering into a partnership with an exchange platform so that they can allow their customers purchase items with over 40 other kinds of virtual currencies. Overstock donates 4% of its Bitcoin revenue to various foundations involved in advocating for the use of cryptocurrency.
- News
Less than three months after its ‘digital dividend’ airdrop, Overstock’s OSTKO is dominating the security token rankings for both market cap and volume.
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Overstock CEO Jonathan Johnson said that immunity passports to prove lack of coronavirus infection may push blockchain technology out of Bitcoin’s shadow.
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Overstock has successfully distributed its controversial ‘digital dividend’ security token airdrop.
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Overstock is seeking the dismissal of a lawsuit accusing the firm of market manipulation and issuing misleading information regarding tZERO.
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Despite a nearly double-digit retraction in the combined capitalization of the security token sector, real estate tokens gain over 4% during April.
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Overstock’s blockchain arm tZERO aims to launch a broker dealer service in the United States by the second quarter of 2020.
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Overstock’s blockchain arm tZERO bags $5 million in funding from GoldenSand Capital through its latest equity sale.
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Overstock will airdrop security tokens to OSTK shareholders on May 19, potentially flooding its fledgling tZERO exchange.
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The U.S. Securities and Exchange Commission is seeking more feedback and more time before it decides whether to approve the launch of the Boston Security Token Exchange.
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Medici Ventures announces partnership between Symbion and GrainChain to expand the blockchain-based agritech platform globally.
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An Overstock shareholder believes that the company’s directors facilitated the former-CEO Patrick Byrne's dumping of $90 million worth of stock last September.
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The Boston Security Token Exchange is still being criticized for attempting to introduce blockchain into existing capital markets, despite another filing amendment.
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CEO of Overstock has issued a statement supporting blockchain in voting in response to the technology’s recently published vulnerabilities claims.
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Overstock’s blockchain arm tZERO aims to launch a broker dealer service in the first half of 2020.
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