Overstock Chooses Counterparty for Decentralized Stock Exchange: XCP Price Rises

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....

Last week, rumors surfaced that the United States Securities Exchange Commission (SEC) had sent inquiry letters to various companies who have released securities on crypto 2.0 platforms. Some investors became anxious that the SEC was targeting the platforms themselves. This uncertainty led to a brief drop in the price of Counterparty's native currency, XCP. However, Counterparty responded that the SEC has not contacted them and that since their platform is open-source, they are not responsible for how people use it. Since Counterparty's clarification, the XCP price has increased more than....

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....

Blockchain University has launched with its Pure Blockchain course geared towards serious developer. Mostly what people think about when they hear the word Bitcoin is the cryptocurrency. But many others think of the underlying technology and what else it can do. The blockchain is a foundation on which so much can be done not just cryptocurrencies. It is so robust that evenPatrick Byrne of Overstock has Counterparty developers working on an alternative to the stock exchange based on the blockchain. The launch of an intensive course about the blockchain will help more people realize the....

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....