Overstock Hires CounterParty Devs to Build Decentralized Stock Exchange
Overstock.com CEO Patrick Byrne said previously he had some interesting announcements to share when it comes to bitcoin and his company, and today, Byrne certainly did make an announcement at a bitcoin conference in Las Vegas. The news? Overstock.com has hired two CounterParty developers to code up put together an decentralized stock exchange of sorts that will allow companies - including Overstock - to issue financial securities securely over the web, atop the CounterParty platform (which works over the bitcoin block chain). In essence, bypassing today's centralized stock exchanges. The....
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On Monday, Overstock CEO Patrick Byrne announced the online retailer had hired two Counterparty developers to build a decentralized stock exchange to issue corporate stock for Overstock and other companies. Byrne confirmed the exchange, code-named "Medici," would operate atop the Counterparty platform. This news caused the XCP price to soar (XCP is the native currency for the Counterparty platform). Also Read: Overstock to Donate 4% of Bitcoin Revenue to Organizations Promoting Bitcoin Adoption. Overstock Announces Decentralized Stock Exchange. Overstock CEO Patrick Byrne's announcement of....
On October 6, Overstock announced the online retailer had hired two Counterparty developers to build a decentralized stock-exchange, code-named "Medici." CEO Patrick Byrne confirmed the stock exchange would be built atop Counterparty during his speech at the Inside Bitcoins Conference in Las Vegas. The announcement immediately caused the Counterparty price to surge (Counterparty's native currency shares the platform's name and is also known as XCP). However, the price began to cool off on October 8. Also Read: Overstock Chooses Counterparty for Decentralized Stock Exchange. XCP Price....
Global e-commerce giant Overstock.com has hired the developers behind peer-to-peer decentralized exchange Counterparty to develop a new stock market platform powered by cryptocurrency technology. The developers will work on a platform called 'Medici', an evolution of Overstock's previously announced 'cryptosecurity' offering that will allow not only Overstock, but other businesses, the ability to issue cryptosecurities to the investing public. Overstock CEO Patrick Byrne made the official announcement at the Inside Bitcoins Las Vegas conference today during his keynote speech entitled....
In a keynote address at Inside Bitcoins Las Vegas, Overstock.com CEO Patrick Byrne announced a partnership with Counterparty on a project code-named Medici, a front-end and portal to the decentralized stock exchange of the Counterparty platform. The shared goal is to build a cutting-edge stock market on top of the Bitcoin blockchain, and help Bitcoin do for Wall Street what it has already begun to do for payments. The blockchain has proved very well suited to the exchange of digital currency. But what about exchanging shares of public companies? Patrick Byrne, a longtime critic of Wall....
Bitcoin News. Happy Sunday, and welcome back to another Bitcoin News in Review, where we feature some of our top stories of the week here on CryptoCoins News. This week, Overstock chose Counterparty for a decentralised stock exchange, the Bitcoin Foundation condemned NYDFS's BitLicense over a lack of transparency, the bitcoin BearWhale was defeated, and more. Check out our video and keep scrolling for this week's Bitcoin News in Review. Overstock Announces Decentralised Stock Exchange. Overstock's CEO Patrick Byrne has been a longtime advocate for cryptocurrency and decentralisation. And....