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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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Ovestock’s blockchain subsidiary tZero has secured a $5 million investment from Chinese investment firm GSR Capital.

Overstock’s Blockchain Arm Receives $5 Mln From Chinese Firm Following Delays

2019-05-09T20:11:00+01:00

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Overstock’s total net revenue reportedly decreased from $445 million in Q1 2018 to $367 million in Q1 2019.

Overstock’s Revenue Decreases 17% in Q1 2019 From Q1 2018 Due to Decline in Sales

2019-05-09T16:05:00+01:00

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The Mexican state of Tamaulipas is using GrainChain’s blockchain and IoT software for tracking major grains.

Medici-Backed Blockchain Agricultural Project Now in Use in Mexico

2019-05-02T20:12:00+01:00

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Overstock blockchain subsidiary tZERO missed the target date for $100 million in investment, according to a shareholder letter.

Overstock’s Blockchain Subsidiary Misses Target for $100 Million Capital Injection

2019-04-19T02:00:00+01:00

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Overstock.com will seemingly delay the sale of its retail wing, the profits of which it can purportedly use to support its crypto and blockchain portfolio compa...

Overstock to Retain Retail Arm, Support Blockchain and Crypto Ventures

2019-03-18T22:40:00+00:00

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The encouragement comes despite withdrawal of investment plans for tZERO, while Overstock will change its strategy this year.

Overstock CEO Praises tZERO Blockchain Platform in Q4 Earnings Report

2019-03-18T13:11:00+00:00

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American retail corporation Overstock.com’s blockchain subsidiary Medici has acquired a stake in blockchain banking project Bankorus.

Overstock’s Blockchain Subsidiary Acquires Stake in Blockchain Banking Platform

2019-03-11T22:45:00+00:00

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Chinese investment firm GSR and Singaporean private equity firm Makara will co-lead a $100 million investment in tZERO.

Investors in Overstock Crypto Subsidiary Reduce Investment from $404 Mln to $100 Mln

2019-03-01T19:32:00+00:00

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