Overstock CEO and noted crypto pumper Patrick Byrne has publicly claimed that he carried on a romantic relationship with convicted Russian spy Maria Butina. He further claims that the FBI asked him to work his way back into her bedroom, but he declined the order. A Russian Gun Rights Activist Walks Into a Liberty Conference... According to the Washington Examiner, Patrick Byrne, 57, met the 30...
By CCN: Overstock CEO and crypto enthusiast Patrick Byrne felt the need to defend his sale of about 900,000 shares of company stock. Byrne wrote a letter defending his decision, as news of his choice had reportedly sent insiders into a tizzy and dropped O shares about 16% earlier in the week. Overstock Stock Price Recovers After Mid-Week Slump Byrne explained in a public letter that he was...
Online retail giant Overstock will become the first major US company to pay part of its 2019 Ohio state business taxes in bitcoin. Overstock — which has a blockchain business division — said the move is part of its ongoing efforts to promote cryptocurrency use. Overstock CEO and founder Patrick Byrne praised Ohio and its treasurer Josh Mandel for making Ohio the first US state to accept bitcoin...
Blockchain — which has been hailed as a game-changing technology that could revolutionize whole industries — will be so commonplace in 2019 that it'll become "boring," according to the MIT Technology Review. "In 2017, blockchain technology was a revolution that was supposed to disrupt the global financial system," the Technology Review claimed. "In 2018, it was a disappointment. In 2019, it will...
Overstock founder and CEO Patrick Byrne is exiting the retail business so he can focus on blockchain because he believes it's a disruptive technology that will transform the world. "The blockchain revolution has a greater potential than anything we've seen in history," Byrne told Fox Business on Nov. 26 (video below). "It's bigger than the Internet revolution, how it's going to restructure...
Following news that Overstock founder Patrick Byrne is selling the company's retail business to focus on its blockchain offering, shares of Overstock have surged a massive 23.26 percent to end the day at $20.93. CCN earlier reported that Byrne decided to sell the retail business based on a conviction that tZero, the ICO backed by Overstock's blockchain investment arm Medici Ventures has "multi...
Overstock’s highly-touted tZero project has been something of a money pit for the company, costing nearly $170 million in overall development costs with no live product yet available. Medici Ventures, Overstock's blockchain investment arm, has acquired additional subsidiaries on the order of several more millions of dollars in an effort to expand its crypto portfolio. The exploratory mission...
Medici Ventures is a wholly owned subsidiary of Overstock, one of the most cryptocurrency friendly businesses in the world, whose CEO has frequently promoted the use of bitcoin and other cryptos. Medici is specifically geared toward blockchain businesses, development, and technology, and on Thursday it signed a second Memorandum of Understanding with the Rwandan Government (specifically the Land...