Crypto 2.0 Roundup: The Overstock Effect, Counterparty Debates and a Crypto iTunes
The crypto 2.0 world saw what was arguably one of the most active news cycles of the year this week as mainstream newsmakers like online retail giant Overstock.com and Gyft CEO Vinny Lingham moved to align themselves with the companies in the burgeoning industry sector. The announcements add to the mounting evidence that crypto 2.0 technologies, while still in early and experimental stages, are increasingly captivating the same early adopters who first saw potential in bitcoin. Counterparty gets Patrick Byrne boost. Overstock CEO Patrick Byrne revealed this week that the company's....
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Amidst bitcoin's disruption of the online payments industry, heated debates over pending regulations and the slow and steady expansion of bitcoin ATM locations, it can be easy to lose sight of the widespread impact bitcoin, and more importantly, the technology behind it, is making beyond digital money. In yesterday's roundup, we gave a broad-scale overview of Crypto 2.0 with insight from the emerging sector's major players. Today, we'll look at the recent news in the space to illustrate how this sector of industry is seeking to move bitcoin forward. Counterparty launches multisig....
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....
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....
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....
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....