Overstock’s tZero loses $400M investor amid revenue, profit slide
GSR Capital, which was set to buy $30 million in tZero tokens, will now exit the deal with just $5 million in tZero equity.
GSR Capital, which was set to buy $30 million in tZero tokens, will now exit the deal with just $5 million in tZero equity.
tZero is preparing to launch its own crypto wallet, which will be available for both Android and iOS mobile devices, according to reports.
Medici Ventures, a blockchain subsidiary of Overstock.com has purchased a 5.1 percent stake in Bankorus, blockchain banking platform focused on custody, lending, and exchange of assets on the blockchain.
It is a common joke in virtually all countries that the ruling governments are inefficient and, in many cases, wasteful with their resources.
Retail giant Overstock.com, Inc. announced that it will be using cryptocurrency to pay business taxes owed in Ohio.
Overstock subsidiary Medici Ventures now has a 10% stake in Grainchain, a software provider for agricultural trading.
It would appear that the formation of the tZero project by retail giant Overstock may not have been such a crazy move after all.
Online retail giant Overstock has announced plans for a regulated exchange for token sales, via its blockchain subsidiary tZero (t0).