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…

Coinbase IPO Confirmed with $8 Billion Valuation and Crypto Company’s Revenue Shown

Coinbase has confirmed today, October 26, that the company is currently planning an Initial Public Offering (IPO) of $500 million USD at a valuation of $8 billion USD. The rumor was already floating around the internet for the past 24 hours but it was finally confirmed by Ran Neuner, which had already spoken about it. On Twitter, Ran…