SEC-approved LTSE stock exchange could link crypto firms and the capital of traditional investors. One of the most significant introductions that blockchain has made available in recent years is adding new tools through which companies can raise capital. The technology has made it possible to raise funds for a project from investors of just about […]
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M.Y. Safra Bank will provide FDIC insurance to traders in a move organizers say will further reduce counterparty risk. Institutional cryptocurrency prime dealer SFOX has partnered with a New York bank to offer state-insured bank accounts for traders, the company confirmed in a blog post on May 14. SFOX, which says the move is an […]
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Ovestock’s blockchain subsidiary tZero has secured a $5 million investment from Chinese investment firm GSR Capital. Overstock’s blockchain subsidiary tZero has finally secured a $5 million investment from Chinese investment firm GSR Capital, Overstock announced on its latest earnings conference call on May 9. Following an investment in cash and marketable securities, Overstock evaluated tZero’s […]
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Overstock’s total net revenue reportedly decreased from $445 million in Q1 2018 to $367 million in Q1 2019. Online retail giant and major crypto industry disruptor Overstock.com has seen a 17% decrease in revenue in Q1 2019 from Q1 2018, the firm’s CEO Patrick Byrne revealed in the latest quarterly report released on May 9. […]
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Overstock blockchain subsidiary tZERO missed the target date for $100 million in investment, according to a shareholder letter. TZERO, the blockchain subsidiary of retail giant Overstock, has missed its mid-April goal for a $100 million fund raise from Chinese investment firm GSR Capital and Singaporean private equity firm Makara Capital. The firm announced the development […]
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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 companies. The CEO of retail giant Overstock.com, Patrick Byrne, noted the potential profitability of the firm’s retail arm in its Q4 2018 earnings conference call on March 18. Byrne’s statements […]
Continue ReadingThe encouragement comes despite withdrawal of investment plans for tZERO, while Overstock will change its strategy this year. Canadian online retailer Overstock.com said it would counter its significant losses for 2018 with a return to profits this year in its Q4 earnings report released on March 18. Overstock, which is famous as being one of […]
Continue ReadingEastern Caribbean Central Bank to issue Digital Eastern Caribbean Dollar in partnership with Medici portfolio firm Bitt. Bitt, a portfolio firm of Overstock’s blockchain firm Medici, has partnered with the Eastern Caribbean Central Bank (ECCB) to pilot central bank digital currency (CBDC). Overstock announced the news in a press release on March 6. Barbados-based Bitt […]
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Chinese investment firm GSR and Singaporean private equity firm Makara will co-lead a $100 million investment in tZERO. Chinese investment firm GSR Capital and Singaporean private equity firm Makara Capital will co-lead an investment of up to $100 million in tZERO, according to a press release on March 1. TZero is United States retail giant […]
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United States-based wallet Abra announced initial access to BTC investment in traditional assets such as stocks and ETFs. Digital wallet Abra has introduced new features enabling global investors to invest in shares and exchange-traded funds (ETFs) using Bitcoin (BTC), according to a press release shared with Cointelegraph on Feb. 6. The United States-based firm has […]
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