Tag: Overstock

Review Argo Blockchain (ARBKF Stock, MARA RIOT BTBT CLSK BFCH HVBTF EBON CAN HUTMF BTCS ISWH INVU)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io We talk about blockchain in general and the recent explosion in Bitcoin Mining companies. Remember that Bitcoin is a type of cryptocurrency which is an application of the underlying technology known as blockchain. We talk about the aggressive computational acquisition made by Marathon Patent Group with Bitmain and their share dilution. We also talk about the metric that allowed me to identify other undervalued mining stocks. This is a general overview of Argo Blockchain. Let me know what you think about Marathon…

Overstock spins its blockchain subsidiary into crypto investment fund

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Online technology retailer Overstock is converting its blockchain investment wing into a cryptocurrency-focused investment fund, as it seeks to maximize profits amid the crypto boom. Overstock.com announced on Jan. 25 that its wholly owned blockchain-focused subsidiary, Medici Ventures, will become a limited partnership fund, pending legal and regulatory approval. Medici Ventures, which previously oversaw and managed Overstock’s investments in blockchain-related companies, will cease providing its usual services, which also included software development and design services. The fund is expected to run for eight years, with a capital commitment of $45 million.…

BTC Miners Continue, Next? (CAN Stock, EBON, MARA, RIOT, CLSK, BTBT, BITF, ARBKF, HUTMF, HVBTF)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io We talk about blockchain in general and the recent explosion in Bitcoin Mining companies. Remember that Bitcoin is a type of cryptocurrency which is an application of the underlying technology known as blockchain. We talk about the next area of growth in this sector, which is computational power. Companies like Canaan (CAN Stock) and Ebang Internaitonal (EBON Stock) are trying to compete with Bitmain! Let me know your thoughts on Marathon Patent Group Stock (MARA Stock), Bit Digital Stock (BTBT Stock), Riot…

Judge reverses own ‘mistaken’ dismissal of Overstock lawsuit

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A Utah federal judge has reversed his own dismissal of a class-action lawsuit against online retailer Overstock that alleges it manipulated the market by issuing a security token “Digital Dividend” to shareholders last year. On Jan. 6, Judge Kimball reversed his previous decision to dismiss the lawsuit, granting the plaintiffs’ request from October to file an amended consolidated complaint. The class-action was filed by lead plaintiff Mangrove Partners Master Fund in September 2019, alleging that Overstock lied about the purpose of its OSTKO security token — which the plaintiffs claim…

Overstock expanding blockchain arm tZero in Ireland

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United States’ retail giant Overstock is reportedly expanding its blockchain wing tZero with new hires in Ireland. The Utah-based e-commerce company is seeking to hire software and devops engineers to work on its blockchain and security token subsidiary tZero, local tech news agency Silicon Republic reported on Nov. 10. As reported, the new hires for tZero are part of a new team at Overstock’s headquarters in Sligo in western Ireland. The online retail company already employs 90 people working in AI, research and development, and machine learning. Senior development manager at…

Overstock Touts Voatz Blockchain Voting App as Solution to US Election Fracas

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Days before a U.S. presidential election marred by court fights over vote counting and partisan allegations of rampant mail-in ballot fraud, Overstock.com is once again touting what it calls a solution: blockchain voting. “If [voting] doesn’t work as well as it should, next week think about how Voatz could have solved that,” Overstock chief Jonathan Johnson told investors during OSTK’s Oct. 29 earnings call. Johnson, who is also president of Overstock’s blockchain investments subsidiary Medici Ventures, was referring to the Medici-backed mobile voting app Voatz, which claims to use blockchain…

Senate Says Jailed Russian Spy Bonded With Overstock CEO Over Bitcoin Hoping to Get to Rand Paul

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On Aug. 18, the Senate Intelligence Committee released volume five of its investigation into Russian interference in the 2016 election. The new version found that former CEO of Overstock.com and noted crypto advocate Patrick Byrne was a patsy to plans by Maria Butina, who is currently serving time for espionage on behalf of Russia. The romance between Butina and Byrne was the reason the latter gave upon his departure from Overstock last year. Always an eccentric character, Byrne’s account of the relationship said that he was working with U.S. intelligence.…

Immunity Passports May Be Blockchain’s Killer-App, Says Overstock CEO

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Overstock CEO Jonathan Johnson has claimed that private, consumer-controlled immunity passports may be the killer-app that propels blockchain technology into the mainstream. In an interview with PYMNTS, he said that the company’s investment arm has turned to two startups creating blockchain-based apps allowing consumers to download and control their health records. Making people feel safe again… Johnson suggests that we must consider what will make an average consumer feel safe to use air travel, restaurants or even stores again after the coronavirus pandemic subsides. Ultimately, he believes this hinges on…

Overstock Airdrops 4.37m Security Tokens to Shareholders

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Overstock has successfully distributed its ‘digital dividend’, issuing ‘OSTKO’ security tokens to its stockholders on a basis of one digital token for every ten company shares owned on May 19. In total, 4.37 million OSTKO tokens were airdropped to shareholders via transfer agent Computershare according to account balances as of April 27. Overstock claims that the airdrop was conducted to bolster liquidity on its security token exchange, tZERO (TZROP). Overstock executes security token airdrop The Series A-1 shares will be exclusively tradable on Overstock’s alternative trading system (ATS) tZERO. Overstock…