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21 Dec

Overstock Begins Issuing Shares Via The Bitcoin Blockchain

By Daniel Zo Bitcoin, Blockchain, Overstock Read Comments

Overstock represents one of the world’s biggest supporters of Bitcoin, considering the fact that they started accepting bitcoin as a form of payment long before many other popular companies. Well, recent reports indicate that the company has just become the first publicly-traded firm to issue stock, directly via the Internet, thus being ready to distribute 126,000 company shares, using the bitcoin blockchain.

With the help of a subsidiary, Overstock has spent the last two years trying to build a blockchain-based technology that would later be used to facilitate the trading of various financial securities of the firm. Back in October, the firm announced that they will allow stakeholders to purchase whatever number of shares they wish, from their preferred stocks.


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06 Apr

Overstock.com invests $4 million into Bitt

By Daniel Zo Barbados, Bitcoin, Bitt, Blockchain, Overstock Read Comments

During the last couple of months, there have been numerous bitcoin-related investments, in start-ups of all kinds. According to recent reports, it seems like the Caribbean-based blockchain startup, Bitt, has managed to raise a total of $4 million after a Series A funding from Overstock.com.

To put things better into perspective, Bitt represents a company that was founded in 2016, and aims to provide a digital asset exchange. This way, it provides people with access to digital currencies in emerging markets, thanks to their trading platform, which they claim to offer some of the best customer service, alongside with the highest levels of transparency, accountability and security.


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