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Overstock’s Former CEO Patrick Byrne Still Holds Major tZero Stake

News 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 tZeroOverstock’s 2019 notice of special meeting and proxy statement, filed with the United States Se..

TZERO to Tokenize $25M of Luxury Residential Development in UK

News Overstock’s blockchain arm tZERO will provide its technology to tokenize River Plaza, a luxury residential development in Manchester, United Kingdom. Following a partnership with U.K.-based real estate investment firm Alliance Investments, tZERO plans to tokenize at least $25 million of River..

Overstock’s VC Arm Joins $31M Funding Round For Silicon Valley Fintech

News Overstock’s venture capital arm Medici Ventures has invested in PeerNova, a startup that develops blockchain-based solutions for financial institutions to synchronize their data across multiple systems. In an Oct. 22 news release, PeerNova reported that it had raised $31 million in growth fun..

TZero-Backed Startup Wants to Launch Security Token Market

News 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 Commission (SEC) to approve the launch of a market for publicly traded registered security token..

E-commerce Giant Overstock Opens Blockchain R&D Center in Ireland

News E-commerce giant Overstock has opened a blockchain Research and Development (R&D) center in Ireland. According to a press release published on Oct. 9, the firm’s new R&D center is located in “IDA’s flagship North West business park in Sligo” and is expected to make its 100th Irish hire before..

Overstock-Funded Bankorus Has No Money or Staff, Says $1M Shareholder

News 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 Bankorus had fallen through and that all its employees have resigned. Zhang:..

Class Action Complaint Filed Against Patrick Byrne and Overstock.com

News A new complaint filed in Utah accuses Overstock.com, former CEO Patrick Byrne and former CFO Greg Iverson of securities fraud. The complaintFiled on Friday, Sept. 27, the complaint requests a trial by jury, alleging that Byrne designed Overstock.com’s digital asset-based dividend as a means o..

Overstock’s Path From Dot-Com-Bubble Ruins to Blockchain Ecosystem

Analysis 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 personality saw it coming from a mile away. Overstock w..

Overstock’s VC Arm Puts $2M Into Blockchain-Based ID Systems Startup

News 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 through participation in the com..

Overstock Files Blockchain-Based Stock Registration With SEC

News 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 looking to liberalize its planned digital dividend shares..

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