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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.
Blockchain ventures arm of Overstock has registered a loss of $3.3 mln in Q2 of 2017.
Overstock Subsidiary Focused on Blockchain Ventures Registers a Loss of $3.3 Mln in Q2 2017
Joshua Althauser
2017-08-08T07:30:00+01:00
7375
US retailer Overstock has lauded the SEC in its decision to regulate the trading of initial coin offerings (ICO).
US Retailer Overstock Welcomes SEC Ruling on Trading Regulated ICOs
Joshua Althauser
2017-07-28T18:40:00+01:00
11906
Can accepting and promoting the use of Bitcoin as the only means of payment make a difference in Nigeria’s e-commerce industry?
Overstock Inspires Nigerian Bitcoin-Only e-Commerce Site
Olusegun Ogundeji
2017-07-19T16:40:00+01:00
15312
The Overstock senior manager who originally helped the retailer take Bitcoin has spoken of his surprise at the continued lack of merchant uptake.
Bitcoin Merchant Shunning Is ‘Striking’: Overstock’s Medici President
William Suberg
2017-07-15T10:11:00+01:00
23271
Despite Bitcoin’s boom into the mainstream it is less accepted by online retail stores due to scaling fears and unsuitability as a currency.
Retailers Turn Their Backs On Booming Bitcoin: Trade Magazine
Darryn Pollock
2017-07-13T19:05:00+01:00
20621
Some of the world’s biggest companies have quietly embraced Bitcoin.
Five Big Businesses Leading Bitcoin Charge
Darryn Pollock
2017-07-10T13:05:00+01:00
23075
Overstock plans taking its offering the world’s first Blockchain-based platform to issue equities that will provide its stockholders the opportunity to particip...
Overstock Taking Stock Market To Bitcoin’s Blockchain In December
Olusegun Ogundeji
2016-10-27T14:15:00+01:00
877
Microsoft, CheapAir and other big retail names who have jumped on the Bitcoin bandwagon.
From Dell to Rakuten: 10 Most Popular Vendors That Accept Bitcoin
Guest Author
2016-08-08T15:25:00+01:00
4404

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