Two Interesting Announcements from Overstock.com
Online retailer Overstock.com is already well known in the digital currency space as being one of the first major retailers - and the first publicly traded company - to adopt bitcoin as a payment method for its goods. Now, the company has gone a step further in its embracing of digital currency, with two major steps forward revealed today. First, that overstock will soon offer its staff the option to be paid in bitcoin. The move makes sense, since overstock likely has a large holding after customers have making more than $3 million worth of purchases since January last year. Chief....
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The bitcoin community's favorite CEO isn't done when it comes to discussing the emerging digital currency that has swept the tech industry off its feet over the past year. Today on his official Twitter account, Overstock.com CEO Patrick Byrne teased some news that we can all expect in about two weeks at a bitcoin conference that's slated to take place in Las Vegas, Nevada on October 6th. I'll have some interesting announcements to make at #BitcoinConf Las Vegas on 10/6. - Patrick Byrne (@OverstockCEO) September 22, 2014. No doubt about it, you can expect the announcements to be related to....
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....
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....
Overstock has confirmed that Counterparty co-founders and developers Robby Dermody and Evan Wagner are no longer working on its decentralized stock market project Medici. The announcements come amid a shift in priorities for the high-profile crypto 2.0 project, first announced in October. At the time, Overstock indicated that it had hired Dermody and Wagner after vetting developers of notable 2.0 projects. Overstock director of communications Judd Bagley indicated that the move coincides with a shift in Medici's development that will help the company build on a wider variety of protocols....
As mentioned earlier today, Overstock.com CEO Patrick Byrne held a question-and-answer session on social sharing website Reddit.com Friday. The Reddit community (as they never fail to do) asked Byrne some really interesting questions, and some really interesting information was revealed by the company's head honcho. Mr. Byrne revealed that bitcoin purchases amount to under 0.1 percent of total transactions made on the site, but added that the company is keeping 10 percent of their bitcoin income in its digital form - converting the other 90 percent to fiat via their connection with....