Counterparty Price Falls After Overstock Spike
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....
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Counterparty is a Bitcoin 2.0 platform. XCP is the native currency for Counterparty, a Bitcoin 2.0 platform that allows the creation of digital assets. The XCP price surged during the past two months due to several impressive announcements. First, Overstock CEO Patrick Byrne announced the company planned to build a decentralized stock exchange on top of Counterparty. More recently, the Counterparty developers successfully ported the code of Ethereum into Counterparty. However, the XCP price has declined for the past two weeks. Also Read: The March of Counterparty - Highlights from Reddit....
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....
Fresh off the announcement of a new partnership with Overstock, Counterparty is announcing the founding of the Counterparty Foundation, a new non-profit organization. The Counterparty Foundation will be established with the help of Perkins Coie, a law firm that advises many cryptocurrency companies. The Counterparty Foundation will provide enhanced structure and services to the growing Counterparty ecosystem; something that Counterparty founders say has been a much-demanded feature. Also read: Medici Will Be a Real Bitcoin 2.0 Stock Exchange. Counterparty was founded by Robby Dermody, Evan....
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....
One of the major news items (so far) this month has been Overstock.com's plans to launch a crypto stock exchange named Medici. As part of those plans, the online retailer (which begun accepting bitcoin at the beginning of this year) hired developers from Counterparty to make the exchange platform happen. Counterparty is a peer-to-peer, decentralized platform that allows its user base to "create and trade their own tokens for bitcoins and XCP," in addition to speculating and hedging against currencies, commodities, and more. And they're planning to aid in their own future growth with the....