Byrne Is Back! Overstock’s Bitcoin-Friendly CEO Returns to Company
Patrick Byrne, Overstock’s Bitcoin-friendly CEO, has returned to the company after a medical leave of absence. Byrne returned to his position as CEO of the online retail giant after a three-month leave of absence prompted by health complications. An injury during a trip to rural China caused him to contract hepatitis C, which had reached stage IV when he was forced to take a break to attend to his health. Now, Byrne is resuming duties as the head of the company from acting CEO Mitch Edwards. He says: “I’m happy to be back to the day-to-day operations of this great company, where I see a....
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Following the return of Patrick Byrne, Bitcoin advocate and Overstock founder and CEO, the company has announced the appointment of a new chief for their blockchain unit. In the press release, Byrne said that all of the company’s bitcoin and blockchain projects will continue to grow and innovate under the new leadership. Byrne Names New Blockchain Unit....
CoinTelegraph spoke to Judd Bagley, Overstock’s Director of Communications, about the company’s continuing support for Bitcoin and cryptocurrency. Online retail giant Overstock.com has historically had a demonstrable interest in cryptocurrency, accepting Bitcoin for payments and extending special deals to crypto-using customers. This has been largely due to CEO Patrick Byrne's passion for all things crypto, and his commitment to what he calls “the crypto revolution.” Byrne’s recent exit from the company has left doubts in the minds of some as to the company’s future as it relates to....
Overstock was the first international company to welcome Bitcoin and its technology. A few weeks ago, the company announced it was issuing the world’s first “crypto bond.” This bond would be traded on a Bitcoin-based technology trading platform currently being developed by the company. Now, in an interview for a leading digital financial media company,....
Patrick M. Byrne, the CEO of Overstock, has taken an indefinite leave of absence due to complications arising from Hepatitis C. Will his company remain bitcoin-friendly post his exit, given that he was one of the most vocal supporters of Bitcoin? In a press release on 11th April 2016, Patrick Byrne revealed that he had been struggling with Stage IV of Hepatitis C, contracted in a surgery in 1984 in China. Due to complications arising from this, he has taken an indefinite leave of absence. It is currently not known whether Byrne will return to work. Mitch Edwards, the General Counsel of....
The first-ever day of stock trading on a blockchain-based, shared ledger has come to a close. After six-and-a-half hours of being open for business, Overstock.com’s tØ blockchain platform has very little to show in terms of trade activity. In fact, there was almost no activity at all. But that’s not the point, according to Patrick Byrne, Overstock’s founder and CEO, who has been waging a personal fight against some of Wall Street’s more opaque business practices. In conversation with CoinDesk, Byrne likened the day of trading to test pilot Chuck Yeager breaking the sound-barrier for the....