Tag Archives: Overstock

Overstock CEO Predicts Mass Crypto Adoption as Bitcoin Price 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 mass adoption. The… Read More »

Overstock Crypto Venture, Rwanada Government Partner for Blockchain Property Rights Platform

Advertisement Twitter Facebook LinkedIn Medici Ventures is a wholly owned subsidiary of Overstock, one of the most cryptocurrency friendly businesses in the world, whose CEO has frequently promoted the use of bitcoin and other cryptos. Medici is specifically geared toward blockchain businesses, development, and technology, and on Thursday it signed a second Memorandum of Understanding with the Rwandan… Read More »

Bitcoin at 10: CNBC Video from 2013 Shows How Far Crypto Has Come

Advertisement Twitter Facebook “You confiscate a few billion dollars out of private bank accounts, and you print a couple trillion dollars, and all of a sudden, you know what happens? People start to worry. So out of this worry, we have something called the bitcoin,” explains CNBC correspondent Jeff Cox in this video from March 2013, as bitcoin… Read More »

Overstock’s Blockchain Unit Invests $6 Million in Crypto Social Network ‘Minds’

Advertisement Overstock.com Inc.’s blockchain subsidiary, Medici Ventures, made a $6 million Series A investment in Minds, an open-source, blockchain-based crypto social network. Under the partnership, Overstock founder and CEO Patrick M. Byrne joined Minds Inc.’s board of directors. “There has been increasing excitement in recent years over the power of blockchain technology to liberate individuals and organizations,” Byrne said in statement. “Minds’ work… Read More »

Overstock’s Medici Ventures Invests in Decentralized Social Network

Overstock’s venture capital subsidiary Medici Ventures has invested in decentralized social network Minds, Inc. (Minds.com), according to a press release shared with Cointelegraph Oct. 22. Founded in 2011, Minds is a decentralized social networking platform that rewards users for their activity online via cryptocurrencies, revenue, and views of their content. Recently, Minds launched its native crypto token $MINDS… Read More »

Do Wages Need to be Paid in Bitcoin for Retail Adoption to Happen?

Is this a case of chicken and egg? If more retailers accepted Bitcoin, would more employees expect their wages paid in Bitcoin? Or, does Bitcoin need to be viewed more widely as a replacement for fiat first? A recent tweet by Francis Pouliot, CEO of Canadian Bitcoin (BTC) 00 payments startup Bylls began a discussion as to whether… Read More »

Overstock’s tZero Issues SEC-Complaint Security Tokens

tZero announced it has issued its preferred tZero security tokens, sold during the Security Token Offering (STO) earlier this year. The company raised $134 million from investors worldwide during the months-long STO. ICO to STO The offering launched as a more typical pre-sale ICO towards the end of last year. This became the second stage STO in March, after… Read More »

Overstock’s Medici Ventures Invests in Blockchain Platform to Fight Wine Counterfeits

Overstock.com’s venture capital subsidiary Medici Ventures has invested in Israeli-based technology company VinX to develop a blockchain-powered wine futures platform, according to a press release published October 4. The exact amount of the investment was not disclosed. Per the announcement, VinX plans to develop a token-based digital wine futures platform based on the Bordeaux futures model, that will… Read More »

Crypto Future of E-Commerce Is in The Hands of Asian Players

On Sept. 14, the blockchain investment arm of United States-based e-commerce Bitcoin pioneer Overstock announced that the retailer’s clients can now purchase the cryptocurrency directly from its website. It became possible after its subsidiary Bitsy began a beta launch of its cryptocurrency wallet and exchange, marking another step in Overstock’s rich relationship with Bitcoin. However, although Overstock first… Read More »

Overstock’s Medici Ventures Launches Bitsy Cryptocurrency Wallet and Exchange

Today, Medici Ventures announced that its portfolio company Bitsy.com has launched the limited beta edition of a high-tech digital wallet service that aims to develop a simple, secure, and convenient bridge between fiat currencies and cryptocurrencies. Bitsy Wallet to Offer Cool New Features The wallet’s initial beta release will support Bitcoin (BTC) transactions, with more coins to follow soon. Unlike… Read More »