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Overstock’s Blockchain Arm Receives $5 Mln From Chinese Firm Following Delays

Overstock’s blockchain subsidiary tZero has finally secured a $5 million investment from Chinese investment firm GSR Capital, Overstock announced on its latest earnings conference call on May  9.Following an investment in cash and marketable securities, Overstock evaluated tZero's worth at $1 billion, which is $500 million less than the

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Overstock’s Blockchain Subsidiary Misses Target for $100 Million Capital Injection

TZERO, the blockchain subsidiary of retail giant Overstock, has missed its mid-April goal for a $100 million fund raise from Chinese investment firm GSR Capital and Singaporean private equity firm Makara Capital. The firm announced the development in a shareholder letter on April 18.In the letter, Overstock CEO Patrick

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Overstock’s Blockchain Subsidiary Acquires Stake in Blockchain Banking Platform

Retail giant Overstock.com, Inc.’s blockchain subsidiary, Medici Ventures, has acquired a stake in blockchain banking platform Bankorus, according to a press release published on March 11.Medici Ventures has purchased a 5.1 percent stake in Bankorus, a blockchain banking platform that enables both individuals and institutions to buy, sell, lend

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Overstock’s tZERO Security Token Platform Begins Live Trading

E-commerce giant Overstock.com’s cryptocurrency subsidiary tZERO announced that secondary trading of tZERO tokens is now live, according to a press release published Jan. 24.Per the release, accredited investors can trade the security tokens through a digital securities brokerage account at Dinosaur Financial Group, which will act as a broker-dealer. Dinosaur

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Overstock’s Security Token Trading Platform to Give Investors Control Over Token-Holdings

The security token exchange subsidiary of e-commerce retail giant Overstock, tZero, has started releasing control of its tokens, according to a letter to investors released on Jan. 11.Last August, the subsidiary had announced that its security token offering would close, having raised $134 million out of the maximum amount of

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Overstock’s tZERO Receives Patent for ‘Crypto Integration Platform’

E-commerce giant Overstock.com’s cryptocurrency subsidiary tZERO has filed a patent for a “crypto integration platform” for trading digital assets. The patent was published by the United States Patent and Trademark Office on Jan. 1.The patent filing describes a system that would be able to receive orders to trade “digital transactional

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Overstock’s Investment Wing Uses Digital Tokens to Acquire Shares from Security Startup

Photo: Medici Ventures INCMedici Ventures, Overstock.com’s investment wing, has acquired digital tokens translating to 3.6 million shares from Chainstone Labs. These shares are a 29.6% stake in the startup worth $3.6 million. That marks the first step of venturing into the security token markets by Chainstone.Furthermore, Medici plans to

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