Former Overstock CEO Patrick Byrne is apparently still holding a major stake in tZero, Overstock’s crypto token platform. After selling off all of his Overstock shares, former CEO Patrick Byrne is reportedly still holding a major stake in tZero, Overstock’s crypto token platform. Byrne still owns 63,775 shares in tZero Overstock’s 2019 notice of special […]
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Alibaba Group’s movie-making arm Alibaba Pictures plans to tokenize distribution rights for its new film “Striding into the Wind.” Alibaba Group’s movie-making arm Alibaba Pictures reportedly plans to tokenize distribution rights for its new film “Striding into the Wind,” Chinese English-language publication China.org.cn reports on Nov. 22. The company has purportedly signed an agreement with […]
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Boston Security Token Exchange, a platform jointly owned by BOX Digital Markets and tZERO, seeks the U.S. SEC’s approval to launch a market for security tokens. Boston Security Token Exchange (BSTX), a platform jointly owned by BOX Digital Markets and Overstock’s blockchain arm tZERO, has filed an application with the United States Securities and Exchange […]
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In an open letter to other investors, Sonic Zhang says Bankorus’ co-founder has revealed that the firm is all but bankrupt. The largest shareholder in Overstock-funded blockchain wealth management startup Bankorus has claimed that the firm has no money left. In a statement issued on Oct. 6, Sonic Zhang said that previous funding deals for […]
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An investor has filed a complaint in Utah court against Overstock.com, former CEO Patrick Byrne and former CFO Greg Iverson alleging violation of securities law. A new complaint filed in Utah accuses Overstock.com, former CEO Patrick Byrne and former CFO Greg Iverson of securities fraud. The complaint Filed on Friday, Sept. 27, the complaint requests […]
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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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The SEC received an S-3 stock registration filing for a blockchain-based digital preferred stock from online retail giant Overstock. Online retail giant Overstock filed an S-3 form for the registration of its blockchain-based digital preferred stock with the United States Securities and Exchange Commission (SEC). The news builds on previous reports that the firm was […]
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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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Wesley Snipes plans on tokenizing his future movies, but how prevalent is tokenization in film, and can it disrupt traditional funding? As the world of finance continues adapting to contemporary innovations, it almost cannot help but drag other industries along for the ride — willingly or otherwise. Film is one such sector currently undergoing a […]
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Patrick Byrne, who resigned as CEO of Overstock last month, has sold his 13% stake in the firm for $90 million to move to gold and crypto trading. Former Overstock CEO Patrick Byrne has sold his 13% stake in the firm for $90 million to move to gold and crypto trading. Byrne sells his entire […]
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