Overstock’s TØ to Issue First Public Blockchain Equities
Overstock.com’s blockchain-based trading startup, TØ, has announced its partnership with the Keystone Capital Corporation. The collaboration marks the first public issuance of blockchain equities. Keystone Capital and TØ’s Public Blockchain Equities. On September 14, Overstock’s TØ was selected by Keystone Capital Corporation to use its blockchain....
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Described by Overstock’s communications director, Judd Bagley, as a platform for trading “widgets” whose first use case will be equities - stocks and bonds, t0 which has been touted to be the world’s first Blockchain-based platform to issue equities and usher global financial system into a new age may be operational by December 2016. The t0 issuance and trading platform is developed by a Overstock’s majority-owned financial technology subsidiary, t0. At the Money 20/20 conference in Las Vegas, Bagley hinted on Monday October 24 at t0’s advantages over traditional equities trading systems....
The US Securities and Exchange Commission (SEC) has reportedly approved Overstock's plans to issue stock via the blockchain through its subsidiary tØ platform. According to Wired, the company was granted an amended Form S-3 - a requirement solely for companies that report under the Securities Exchange Act of 1934 - meaning that it could now issue public securities leveraging blockchain technology. It is still unclear when the company will issue its first public security on a distributed ledger but Patrick Byrne, Overstock's CEO, told Wired: "You can assume its high on our list of....
Overstock.com, Inc. will allow its stockholders to purchase shares of its preferred stock, including those to be issued and traded exclusively using the bitcoin-based “T0” platform the company developed for trading equities. The announcement marks a major step in the company’s efforts to offer a bitcoin blockchain-based trading system for equities. The company noted in a press release that it is making the offering to demonstrate its T0 platform, while providing its stockholders the opportunity to participate. Overstock’s communications director, Judd Bagley, hinted during the Money20/20....
Genesis Mining has successfully settled the first peer-to-peer Bitcoin transaction in space with the help of a weather balloon. A few weeks ago, the team at Genesis Mining, the Bitcoin mining company which was founded in 2013, travelled to the United Kingdom to launch a 3D model of a Bitcoin embedded with a Bitcoin paper wallet into the stratosphere. In its first launch the space balloon reached the Armstrong Limit, or an altitude of 20 kilometers, successfully taking the physical Bitcoin into space to settle a Bitcoin transaction. In its second launch, the space balloon surpassed the 34....
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....