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Overstock’s Cryptocurrency Subsidiary is Now Worth More than the Entire Company

When you visit Overstock.com, you’ll still be met by advertisements for discounted Martha Stewart Rugs and a coupon for an extra 10 percent off already-clearanced bedroom furniture. However, there’s no longer any denying that the firm is not primarily an e-retailer — it’s a cryptocurrency company now. Cryptocurrency Startup tZero Now Worth More than Overstock The post Overstock’s Cryptocurre...
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$270 Million: Chinese Firm Backs Overstock Blockchain Subsidiary in Record Investment

GSR Capital, a Chinese private equity firm is set to establish what would become the largest ever single investment in a blockchain platform. The investment by GSR Capital will see it acquire about 3.1 million shares of US-based Overstock, amounting to about 10% in overall shares of the company. A Fragmented Procedure As contained in The post $270 Million: Chinese Firm Backs Overstock Blockchain S...
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As Cryptocurrency Exchanges Pursue ATS Licenses, Regulators Vow Enhanced Oversight

The U.S. Securities and Exchange Commission (SEC) has vowed that it will enforce enhanced oversight and transparency requirements on alternative trading systems (ATS), just as a number of cryptocurrency exchanges are pursuing these licenses. The SEC on Wednesday announced that it had voted to adopt amendments to the ATS regulatory framework, rules that it says The post As Cryptocurrency Exchanges ...
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Hong Kong VC Invests $160 Million in Overstock-Backed tZero ICO

A Hong Kong-based venture capital firm is placing a major bet that tZero, a security token exchange owned by e-commerce company Overstock, will prove to be a central hub in what blockchain visionaries have termed the “tokenization of everything.” GSR Capital, which also has offices in Beijing and Silicon Valley, has entered into an agreement The post Hong Kong VC Invests $160 Million in Overstock-...
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Overstock Sees $120,000/Week in Cryptocurrency Revenue as Stock Surges 11%

Jonathan Johnson, a member of the board of directors of Overstock, the $1 billion online retailer based in the US, has stated that cryptocurrency is a much better payment method than credit cards for merchants. Significant Resources Required Due to buyer protection and the centralized aspect of credit card networks, it is possible for buyers The post Overstock Sees $120,000/Week in Cryptocurrency ...
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