Overstock Installs Bitcoin ATM at Corporate HQ
US retail giant Overstock has installed a bitcoin ATM in the lobby of its Salt Lake City, Utah headquarters. Part of an effort to further encourage digital currency use amongst its staff, the news coincides with the announcement that it is in the process of offering its employees the option to receive their pay in bitcoin. Further, it comes just one year after it first began offering US customers a bitcoin payment option through Coinbase. Overstock CEO Patrick Byrne, who has been an outspoken advocate of the digital currency, spoke to CoinDesk about the endeavor to give bitcoin a greater....
Related News
Overstock CEO Patrick Byrne has bought the company's first cryptobond for $500,000. I intend to demonstrate my belief not just in Overstock, but in the TØ.com platform that we built and, indeed, in the cryptorevolution itself, he said in a statement. E-retail giant Overstock has announced it will utilize colored coins to issue what it calls a digital corporate bond, or a cryptocurrency-based security, based on the bitcoin blockchain. The company said in a 5th June press release the issuance forms part of its development of cryptographic security technology aimed at reducing trade....
On June 5, retail giant Overstock became the first company to offer a corporate bond, valued at US$25 million, as crypto securities to qualified institutional investors. The offering is part of the company’sbitcoin blockchain-based initiative called Medici. Overstock CEO Patrick Byrne stated in a press release: The crypto securities, or stocks, will be powered and issued by Overstock’s TØ.com platform, which Overstock said “refers to the fact that trades on the system securely settle same day, as opposed to three days later — or what Wall Street traders refer to as ‘T+3.’” "The crypto....
Bitdefender, a cybersecurity and antivirus company, has detected BHUNT, a new kind of malware that targets cryptocurrency wallets via software installs. The malware works on top of installs of unsecured or cracked software, that already comes packaged with the system to be deployed on desktop environments. Once installed, the software extracts passphrases and seeds from popular wallets.
BHUNT Malware Spotted in the Wild
Bitdefender, a leading cybersecurity firm, has issued a report regarding a new kind of password stealer that focuses on cryptocurrency wallets users have on their....
The Salt Lake City-based online retailer Overstock is working on a revolutionary new development: a new independent stock exchange powered by Bitcoin technology. The new stock exchange could sidestep traditional stock exchanges such as NYSE and NASDAQ and issue corporate stock directly over the Internet. Overstock, one of the first and largest online retailers to accept bitcoin payments, first announced the project in October 2014. "There is an opportunity to recreate the financial world as we know it in the parallel universe that is the blockchain," Overstock's CEO Patrick Byrne told....
Online shopping retailer overstock.com recently announced the issue of a $25 million corporate bond on the Bitcoin's underlying technology, the blockchain. As indicated in its press release, the Nasdaq company plans to attract hedge funds, private equity groups and other potential investors towards purchasing the "first-ever" blockchain bond, roughly titled as cryptosecurity. With the launch, Overstock aims to settle Wall Street transactions on the same day of their inceptions. Presently, it takes a maximum of three days for securities to reach settlement, which most Wall Street people....