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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.

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Medici Ventures now has a 10 percent stake in agricultural blockchain firm GrainChain, with the option to acquire an additional 10 percent.

Overstock’s Medici Ventures Acquires Stake in Agricultural Blockchain Firm

2018-12-05T02:30:00+00:00

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Founder and CEO of U.S. retail giant Overstock reveals estimated date for selling his retail business to invest more in blockchain projects.

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

2018-11-23T18:33:00+00:00

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Overstock’s Medici Ventures has invested in a blockchain-powered social networking platform Minds, Inc.

Overstock’s Medici Ventures Invests in Decentralized Social Network

2018-10-23T00:52:00+01:00

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Overstock’s investment subsidiary Medici Ventures has funded a blockchain project aimed at fighting wine counterfeit.

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

2018-10-05T03:09:00+01:00

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Ovestock.com now allows users to buy crypto, but that’s not the main news.

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

2018-09-19T16:45:00+01:00

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Overstock portfolio company Bitsy is starting to test is cryptocurrency wallet with Bitcoin-only functionality.

Overstock.com Lets Customers Buy Bitcoin via Its Crypto Wallet Portfolio Company

2018-09-14T17:09:00+01:00

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Overstock CEO Patrick Byrne has offloaded 10 percent of his stock, telling shareholders not to worry about it.

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

2018-09-12T00:01:00+01:00

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Barbados-based fintech firm Bitt Inc. has signed an MOU with the central bank of Curaçao and Sint Maarten to research a central bank digital currency.

Blockchain Startup Signs MOU With Central Bank of Curaçao and Sint Maarten

2018-08-14T05:05:00+01:00

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