E-tailer Overstock.com reported a $3m loss for the third quarter of this year tied to its ongoing work building a blockchain-based stock exchange.
Overstock blockchain president Jonathan Johnson discusses his strategy for the e-commerce giant in his first interview since assuming the new role.
Newly back from a leave of absence, Overstock CEO Patrick Bryne is already promising big blockchain developments are forthcoming.
Overstock chairman of the board Jonathan Johnson will now serve as president of Medici, its blockchain technology division.
Overstock spent $3.2m on its Medici blockchain securities initiative in Q3, according to the online retail firm’s latest quarterly results.
Overstock's crypto subsidiary tØ has acquired Wall Street firm SpeedRoute, a move CEO Joseph Cammarata termed a "quantum leap" for securities trading.
Overstock has purchased a stake in broker Pro Securities, on whose electronic system a new suggests its decentralized stock market has been built.
Online retailer Overstock.com has outlined how it might issue digital securities in a new Securities and Exchange Commission (SEC) filing.