Tag Archives: patrick byrne

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 »

Overstock.com VC Firm Invests $6 Million in Blockchain-Powered Social Network

Medici Ventures, the wholly-owned blockchain subsidiary of Overstock.com, was the sole investor at the Series A funding round of blockchain-powered social network Minds with an investment of $6 million. Blockchain Social Network Minds Raises $6 Million from Overstock.com’s Medici Ventures in Series A Round The previous seed round in 2013, and equity crowdfunding in 2017, raised $347,300 and… 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 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 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 »

Over 23 Million People will be able to Buy Bitcoin in 2019 via Crypto-friendly Overstock Website

Advertisement Overstock, the first major retailer to accept Bitcoin will be selling the leading cryptocurrency through its website to its millions of customers via Bitsy in 2019. CEO Patrick Byrne is not at all concerned about the market situation as he plans to bring crypto to its retail customer base. Advertisement Overstock will now sell Bitcoin on its… Read More »

Overstock CEO Sells $20 Million in Shares, Cautions Not Related to Cryptocurrency

Cryptocurrency, Bitcoin (BTC)–The CEO of Overstock.com, one of the earliest digital storefronts to accept cryptocurrency and still one of the largest to date, sold 10 percent of his stock last week totaling more than $20 million in a report by CNBC earlier today. According to the filing by the SEC,  Patrick Byrne sold $20.7 million worth of Overstock… Read More »

Overstock CEO Sells 10% of His Stock, Saying ‘Don’t Worry, I’m Still in the Game’

The CEO of Overstock, the first major retail company to accept Bitcoin (BTC) as a payment method, has sold 10 percent of his shares, CNBC reported September 11. According to a form 4 SEC filing, Patrick Byrne sold around $15.8 million worth of shares as of Thursday and Friday, and then $4.9 million worth on Monday, totalling more… Read More »

Zambia, Overstock’s Medici Ink Deal on Blockchain Land Registry Pilot

Overstock’s blockchain subsidiary is partnering with the Zambian government to build a blockchain land title registry, the company announced Wednesday. Medici Land Governance (MLG), the blockchain-powered property rights subsidiary of Overstock.com, has signed a Memorandum of Understanding with Trevor Kaunda, the permanent secretary for the Ministry of Land and Natural Resources in Zambia. Under the agreement, MLG will provide Zambia a… Read More »