Investment Into Overstock’s Cryptocurrency Exchange Causes Share Price to Rocket

Hong Kong-based GSR Capital is investing $160 million in Overstock’s cryptocurrency venture, the exchange tZERO. The news immediately hiked Overstock’s share price by 12.5 .percent. Through its tZERO exchange, a majority-owned subsidiary, Overstock plans to bring “efficiency and transparency” to capital markets. tZERO’s recent joint venture agreement with BOX digital markets will create what Overstock hopes […]

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Overstock.com Shares Plummet Following SEC Cryptocurrency Investigation

Adam James · March 28, 2018 · 4:00 pm Shares of e-commerce company Overstock.com have fallen significantly as the US Securities and Exchange Commission (SEC) investigates the company’s sale of digital tokens through its subsidiary. Lacking Confidence Overstock.com shares fell more than 10 percent Tuesday, following the e-commerce company’s announcement that it intends to offer […]

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