Retailer Overstock experienced a glitch in their system that allowed customers to pay for goods using Bitcoin Cash rather than Bitcoin, which is valued at a fraction of what Bitcoin is. Not Quite a Discount Online retailer Overstock is known for their many deals and sales, but a glitch on the company’s website allowed customers to get an unexpected bargain. Overstock’s website gave customers the option to pay with either Bitcoin or Bitcoin Cash interchangeably.
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Bitcoin, Bitcoin Exchange, News, News teaser Bitcoin, Bitcoin Acceptance, Bitcoin Businesses, News, News teaser
Champion of Bitcoin in the online retail space Overstock.com is flummoxed that the adoption of Bitcoin in their marketplace has regressed rather than exploded with the digital currency boom. Jonathan Johnson, chairman of the board at Overstock, has said it is ‘crazy’ that more retailers are not accepting Bitcoin as his company continues to see growth in digital currency transactions in their store. In recent research, brought out by banking group Morgan Stanley, it was
Bitcoin, Bitcoin Businesses, Blockchain Technology
On Sunday afternoon at the Money20/20 Conference in Las Vegas, a panel of industry experts discussed the exciting potential of blockchain applications and the array of solutions being developed to meet the needs of a wide number of players. Panelists urged the packed auditorium to take a serious look at the quickly evolving cryptocurrency technology space, and honed in on the need to lower settlement costs and times. Also read: Money 20/20: BitPay Announces New Mobile
Bitcoin, Bitcoin Businesses, Bitcoin Conference, Blockchain Technology
On Tuesday morning at the Money 20/20 Conference in Las Vegas, Patrick Byrne, CEO of Overstock and t0, announced the historic arrival of trading publicly offered Overstock shares on the t0 blockchain. Also read: Money 20/20 Recap: Ethereum, Consumer Protection, Investment Overstock Moving Forward With t0 Starting on December 15th, individuals who purchased Overstock shares by the November 7th record date will qualify to purchase shares of its preferred stock, including preferred shares to be issued and traded
Blockchain Technology, News, News teaser, Trending
At the Cato Institute’s “The Policy Challenges of a Decentralized Revolution” in Washington D.C. on Tuesday, Patrick Byrne confirmed that the island nation of the Barbados has indeed ran trials hosting their local fiat currency, the Barbadian Dollar (pegged at $0.50/1-dollar), on a blockchain equivalent. Mr. Byrne spoke to the larger trends ongoing with the technological shifts towards decentralization, and then off-handedly mentioned confirmation of Barbados’ successful trail linking fiat currency to Blockchain technology. Given the pioneering nature
Bitcoin, Blockchain Technology, FinTech, News, News teaser, Trending
At the Money20/20 Conference in Copenhagen on Thursday morning, Patrick Byrne of Overstock and t0 discussed challenges to traditional settlement infrastructure and the opportunities provided through using blockchain technology to process bonds settlements. Mr. Byrne started off by telling a story of the United States capital market in the early 1960’s, whose employees had difficulty managing the quadrupling of paper work by delivery persons on bicycles. As a result, the DTCC was created to create a
Bitcoin, Bitcoin Acceptance, Bitcoin Service, Companies, News, News teaser, Trending
Bitcoin Black Friday is known to the bitcoin community as the biggest single day of spending for Bitcoin merchants. Much of bitcoin’s economy revolves around its real world use; Bitcoin Black Friday encourages this idea by offering incentives for purchasing with Bitcoin. On this day, hundreds of discounts will be offered exclusively to Bitcoin buyers on electronics, holiday gifts, clothing, and much more. With over 150 participating merchants, Bitcoin Black Friday promises to be the biggest day
Bitcoin, Bitcoin Acceptance, Bitcoin Investment, Bitcoin Service, Bitcoin Technology, Blockchain Technology, Companies, Markets and Prices, News, News teaser, Technology, Trending
Imagine a world where any business or company could go public without the excessive and often unfair costs involved. A place where the stock market did not control the future of our children and fluctuate our daily expenses based on nothing more than a few personal gains. These gains owned by few who — through the use of the media and internal conversations — manipulate the future of our global wealth. Wealth that could be
Bitcoin, Knowledge Base, News, News teaser
The declining price in 2014 haven’t stopped 315 Million dollars of Venture Capital being thrown into Blockchain related Startups suggesting healthy level of optimism amongst businesses and investors.
Bitcoin, Knowledge Base, Markets and Prices, News, News teaser
The goal of this article is to review Bitcoin’s growth as a whole, and discuss key events that happened in each month, and attempt to predict what we can expect 2015 to be like using 2013 and 2014 as years of comparison. This article will be broken down into months covering January- part of December. Bitcoin’s market will be explained simply rather than thoroughly analyzed. I hope you enjoy this article as we review this
Bitcoin, Companies, News
Rumors have been spreading over the past few days saying Overstock.com is building software based on the bitcoin protocol technology. Previously, Patrick Byrne, Overstock founder and CEO, had hinted that Overstock was studying the possibility of developing such software, and now, he has publicly announced the company has began the designated bitcoin protocol project.