Overstock’s venture capital arm Medici Ventures joins $31 million funding round for California-based software company in the financial industry. Overstock’s venture capital arm Medici Ventures invests in PeerNova, a startup that develops blockchain-based solutions for financial institutions to synchronize their data across multiple systems. In an Oct. 22 press release, PeerNova reported that it had […]
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A look at the journey of Patrick Byrne and Overstock.com to be pioneers of the crypto/blockchain ecosystem. On Sept. 19, former Overstock.com CEO Patrick Byrne sold his entire stake in the firm, which accounted for 13% of the company and was worth over $90 million. While the move surprised many, those closely following Patrick’s eccentric […]
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Advisory firm Valley Capital Partners has invested $3 million into encryption platform-as-a-service StrongSalt. Advisory firm Valley Capital Partners has invested $3 million into encryption platform-as-a-service StrongSalt. Per a Sept. 26 press release, StrongSalt raised $3 million from Valley Capital Partners in a seed round to further develop its encryption platform designed for developers and enterprises. […]
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Overstock’s Medici Ventures invests $2 million into Salt Lake City-based Evernym, a startup developing blockchain-based self-sovereign identity networks. Overstock’s venture capital arm Medici Ventures has made a $2 million investment into Salt Lake City-based Evernym, a startup that develops blockchain-based self-sovereign identity networks. Per a Sept. 26 press release, Medici invested $2 million into Evernym […]
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Medici-backed agritech blockchain startup GrainChain plans to unite the coffee industry of Honduras with its platform. Agricultural startup GrainChain backed by Medici Ventures, the blockchain venture arm of online retail giant Overstock, plans to unite the coffee industry of Honduras by delivering its blockchain platform to a network of local stakeholders. The firm has signed […]
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American e-commerce giant Overstock.com has appointed Jonathan Johnson as the company’s new chief executive officer. American e-commerce giant Overstock.com has appointed Jonathan Johnson as the company’s new chief executive officer, according to an announcement on Sept. 23. Johnson has served as an interim CEO of Overstock since the end of August when Patrick Byrne stepped […]
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Singapore-based equity firm Makara Capital said it will not invest in Overstock’s blockchain subsidiary tZERO. Singaporean private equity firm Makara Capital said it will not invest in Overstock’s blockchain subsidiary tZERO. In an Overstock investor call on Aug. 26, Overstock’s interim CEO Jonathan Johnson said that Makara recently informed the firm that they “will be […]
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Most of corporate America is silent about blockchain, but there is evidence from companies’ SEC-required 10-K reports that shows some companies’ attitudes. How seriously are American corporations committed to blockchain technologies? Are blockchain technologies materially significant yet? One place to find the answers to these questions is Form 10-K, a report the United States Securities […]
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Pro-crypto retail giant Overstock has released its Q2 2019 financial results, revealing a 23% decrease in revenue and a 19% loss in gross profit. Retail giant Overstock has released its Q2 2019 financial results, revealing a 23% decrease in revenue and a 19% loss in gross profit. In a shareholder announcement published on Aug. 8, […]
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Blockchain startup tZERO, announced that it has been awarded a patent for a technology storing exchange data on public blockchains. Blockchain startup tZERO, announced that it has been awarded a patent for a technology allowing to anchor traditional trades and exchanges to public blockchains. A blockchain integration for exchanges The company announced the development in […]
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