Overstock’s affiliated blockchain company Medici Ventures has funded a beta-launch of the cryptocurrency wallet designed by Bitsy to blur borders between digital and fiat money.
The company has delayed the launch of the final version of the trading platform until May as it is still developing further regulatory compliance.
As a part of the agency’s months-long probe into the nascent crypto fundraising mechanism, SEC has subpoenaed the online retailer Overstock and requested for additional information about the company’s ongoing $250 million ICO for its tZero alternative trading system.
Overstock CEO Patrick Byrne confirmed the upcoming tZero ICO scheduled by Thanksgiving, adding it can raise up to $500 million.
According to James Altucher, experienced trader and venture capitalist, Amazon will start accepting Bitcoin as a new method of payment as early as in October.
Keystone Capital Corporation has announced a license agreement with Overstock’s subsidiary to use its blockchain trading technology for offering trading account and brokerage services to investors.
If Overstock.com fulfils the public offering it plans, its shareholders will get an opportunity to buy blockchain or traditional stock.
This year, the North American Bitcoin Conference is anticipated to include presentations from some of the leading players in the cryptocurrency sector, including Bobby Lee and Bruce Fenton.
While R3 CEV blockchain consortium attracts new members, Overstock.com’s CEO Patrick Byrne warns that the initiative can stifle innovation.
Various sources close to Overstock say that the U.S. Securities and Exchange Commission has approved a S-3 filing for Overstock.com to issue new publicly traded shares on the Bitcoin blockchain.