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.
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Earn is expected to provide extra liquidity to the tZERO platform through exposure to its issuers of property-backed digital securities.
tZERO and Earn partner up for real-estate backed digital securities liquidity
Overstock subsidiary Medici Ventures will cease providing all previous services pending a full conversion into a limited partnership fund.
Overstock spins its blockchain subsidiary into investment fund
A United States federal judge has reversed his decision to dismiss a lawsuit alleging that Overstock manipulated its share market by distributing a security tok...
Judge reverses own ‘mistaken’ dismissal of Overstock lawsuit
The Emerald Isle is now a hotspot for talent in tech and a corporate tax haven.
Overstock expanding blockchain arm tZero in Ireland
Security token markets continued to slump last month, with sector-wide trade volume receding by more than 40%.
Security token volumes crash by half for two consecutive months
While tZERO’s net revenues have nearly doubled year-over-year, Overstock’s fledgling security token exchange is still far from profitable.
Despite strong security token growth, tZERO continues to lose money