Overstock.com CEO to Sell Retail Portion to Pursue Blockchain Tech

According to the Wall Street Journal, Overstock founder and CEO Patrick Byrne could complete the sale as early as February 2019. This news comes several months after it was reported that Byrne issued a letter to shareholders explaining that he sold 10% of his stock holdings, roughly equalling $20 million, in an apparent effort to reinvest in blockchain projects. Byrne revealed that…

Confirmed: American Express (AXP) Is Using Ripple’s xCurrent

The Vice President of American Express Colin O’Flaherty on Wednesday confirmed that the company was officially using xCurrent, a blockchain-based financial solution from Ripple Inc. O’Flaherty, who doubles as the General Manager of global commercial services UK & Russia, spoke at the last day of The Money 20/20 event held from 4th to 6th June in Amsterdam. “Ripple…