Overstock Becomes First Major US Company to Pay Taxes in Bitcoin

Internet retailer Overstock has announced that it intends to become the very first major US-based company to pay a part of its state business tax in Ohio using Bitcoin.  Taxes With Bitcoin According to its own investor portal, US-based internet retailer Overstock is set to pay part of its Ohio state business tax using Bitcoin….

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Overstock CEO Reveals Estimated Date for Selling Retail Business to Focus on Blockchain

Patrick Byrne, founder and CEO of U.S. retail giant Overstock, is planning to sell the retail arm of his company to focus on blockchain by early next year, The Wall Street Journal (WSJ) reports Nov. 23. Byrne, known in the blockchain industry for his commitment to the technology, did not disclose the details of the…

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Overstock CEO Predicts Mass Crypto Adoption as Bitcoin Rises

Cryptocurrency markets have fallen by more than 70 percent this year. But according to a veteran from the industry, they are standing at the edge of a revolution. Patrick Byrne, the CEO of Overstock, an Amazon-like marketplace which accepts payments in Bitcoin, said in a recent interview that he is still expecting cryptocurrencies to reach…

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Overstock Subsidiary Medici Ventures Invests $6M USD In Crypto Social Network Minds

Medici Ventures, the blockchain branch of retail giant Overstock, has invested $6 million in decentralized social network Minds. Founded in 2011, Minds is an open-source social network that rewards users with crypto tokens for their contributions to the network. The platform has adopted the Manila Principles On Intermediary Liability, a digital bill of rights outlined…

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Overstock.com’s CEO Wants To Undermine Wall Street With The Tech Behind Bitcoin (HBO)

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Overstock Shares Plummet, Losing Around 50 Percent YTD

The cryptocurrency market has been in a steady decline for the last couple of weeks. Since the beginning of August, a little over $90 billion were wiped off the market. Popular e-commerce company Overstock has also felt the impact, forfeiting 50 percent of its value in 2018. A Bumpy Ride Much like other companies, Overstock…

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Overstock Sees Cryptocurrencies as a Great Business Opportunity

Overstock, an online retail giant famous for embracing crypto-friendly policies in 2017, announced the satisfactory results of the application of its new business model. Jonathan Johnson, a member of Overstock’s board of directors, informed that the company grew to accumulate capital of more than 1Bn USD, with earnings in cryptocurrencies exceeding 100k: “We have somewhere…

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Overstock Subsidiary tZero Unveils Security Token Trading Software Prototype

tZERO, the blockchain subsidiary of e-commerce giant Overstock, has revealed the prototype of its planned security token trading software. tZERO said the platform is designed to trade blockchain tokens in an easy, compliant, and user-friendly manner. The system is integrated with tZERO’s existing 15c3-5 risk management software, order management system, matching engine, and proprietary technology…

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