tZERO – Financial Treason & Crime

Vince Martin, 31 March 2021

Less than four years ago, Riot Blockchain (NASDAQ:RIOT) was a failed animal health company named Bioptix. What is now RIOT stock was then BIOP stock — and it traded for less than $4 per share.

That wasn’t because investors put much value on the business: Bioptix in fact had more than $2 per share in cash at the end of 2017’s second quarter. BIOP was basically just another penny stock in the biotech space.

But in October of that year, Bioptix rebranded to Riot Blockchain. It was a move that invited a huge rally — and quite a bit of skepticism.

Blockchain and other cryptocurrencies were hot then, with Bitcoin (CCC:BTC-USD) at one point rising from $900 to $20,000 during 2017. Riot was not alone in moving into crypto and blockchain: Eastman Kodak (NYSE:KODK) infamously was involved in a “KodakCoin” project which never came to fruition. That didn’t stop KODK stock from soaring. Continue reading “Article: Bitcoin’s Price Is Not the Only Risk to Riot Blockchain”

02/02/202103/08/2021

Article: Patrick Byrne

Article - Media, Publications

Patrick Byrne

Marketswiki, 02 February 2021

Patrick Byrne is an American entrepreneur. Despite owning a company that is publicly traded on Wall Street, he has been called “The Scourge of Wall Street” for his outspoken criticism of several high-profile individuals in various financial institutions whom he accused of corruption.[1] He is the founder and chief executive officer of Overstock.com, one of the first retailers to begin accepting bitcoin as payment for goods and services.[2] He is also the co-creator of the blockchain platform tZERO.

On August 22, 2019, in a letter to shareholders, Byrne announced his resignation as chief executive officer and member of the board of Overstock.com. Continue reading “Article: Patrick Byrne”

07/12/202003/09/2021

Article: Patrick Byrne to Increase Focus on tZERO and Digital Securities Exchanges

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Patrick Byrne to Increase Focus on tZERO and Digital Securities Exchanges

Joshua Stoner, 12 July 2021

Despite market conditions, there is no shortage of belief in the viability of blockchain. Week after week, partnerships are made, and new products ramp up development. One notable move has taken place just recently. Patrick Byrne has indicated that he will be shifting his priority and focus from Overstock.com to tZERO. This shift will see the sale of the retail side of Overstock.com. The plan is expected to come to fruition by February of 2019, as they line up potential buyers. Continue reading “Article: Patrick Byrne to Increase Focus on tZERO and Digital Securities Exchanges”

05/26/202006/26/2020

Article: Has Wall Street Stolen $100 Trillion from the American Public? Will Donald Trump Get It Back?

Article - Media

Has Wall Street Stolen $100 Trillion from the American Public? Will Donald Trump Get It Back?

Tehran Times, May 26, 2020 – International

TEHRAN – Robert David Steele, a former Marine Corps infantry officer and CIA spy as well as an activist for Open Source Everything Engineering (OSEE), contributes regularly to Tehran Times.

Continue reading “Article: Has Wall Street Stolen $100 Trillion from the American Public? Will Donald Trump Get It Back?”

05/19/202005/19/2020

Article: Overstock Fights Wall Street Over Dividend Amid 400% Rally

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Overstock Fights Wall Street Over Dividend Amid 400% Rally

Robert Schmidt and Ben Bain

Bloomberg, 18 May 2020

If Overstock’s dividend plan proves successful, the implications for U.S. markets could be significant. More companies may decide to dabble in digital assets or add restrictions to their shares, especially if they find that doing so gives them more sway over their investors. On Wall Street, brokerage firms and exchanges are loath to see the launch of any security that raises the specter of a monopoly and could cut them out of trading and listing fees.

Continue reading “Article: Overstock Fights Wall Street Over Dividend Amid 400% Rally”

05/10/202005/10/2020

Tip: Europe Ahead of USA, BSTX.com Battles SEC, tZero Looms Large

Tip

Robert – Great series on NSS. You should let President Trump know that Europe is ahead of the USA. Although the Wall Street gangs recently effectively lobbied a postponement. https://www.globalcustodian.com/esma-postpones-introduction-csdrs-settlement-discipline-regime/. CSDRS settlement rules is exactly what is needed here.

Also checkout BSTX.com’s battle with the SEC for approval to launch a new more fair exchange. BSTX is 50% owned by tZero which is a keiretsu company under Overstock’s Medici Ventures arm. They are planning a modest step where they use blockchain technology to create a supplementary reporting tool for all shares in circulation daily. SIFMA and the other exchanges of course are displeased. https://www.sec.gov/comments/sr-box-2019-19/srbox201919.htm

04/23/202005/17/2020

Article: tZERO secures US$5M equity investment

Article - Media

tZERO secures US$5M equity investment

Nawaz Ahmed

BraveNewCoin, 23 April 2020

tZERO is Patrick Byrnes’ attempt to utilize blockchain technology to replace traditional institutional market structures.

Project Medici intends to create a blockchain-based securities exchange, and Byrne had stated that he was interested in listing Overstock securities on a blockchain-based exchange. The project was officially announced on October 6th at the Inside Bitcoins Las Vegas conference.

The long term goal was to compete with the Depository Trust and Clearing Corporation (DTCC).

Read full article.

09/20/201903/10/2021

Article: Byrne Sells Overstock Stake to Buy Crypto and Battle ‘Deep State’

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Byrne Sells Overstock Stake to Buy Crypto and Battle ‘Deep State’

Danny Nelson, 20 September 2019

In a blog post at his DeepCapture.com, Byrne said that, by the end of the week, he will have reinvested all of the proceeds into “investments that are counter-cyclical to the economy.”

“Gold, silver and two flavors of crypto,” he wrote.

A longtime proponent of cryptocurrency — Overstock was one of the first companies to accept crypto payments, launched the tZERO security token trading platform and acquired the company behind Ravencoin — Byrne was ahead of the curve, but perhaps too much so, as the external pressures against him compelled his resignation from the company last month. Continue reading “Article: Byrne Sells Overstock Stake to Buy Crypto and Battle ‘Deep State’”

08/22/201903/09/2021

Article: Patrick Byrne Goes on Fox News Making Serious Allegations Against Former Obama Administration Officials

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Patrick Byrne Goes on Fox News Making Serious Allegations Against Former Obama Administration Officials

JD Alois, 22 August 2019

Former Overstock (NASDAQ:OSTK) CEO Patrick Byrne was visiting with the studios of Fox News today following his abrupt resignation earlier today from the company he founded.

Byrne is widely recognized as a pioneer in the blockchain sector having launched several companies, including tZero, targeting the issuance of digital assets/security tokens.

Byrne, interviewed on The Story with Martha MacCallum, went on the air making serious allegations against former Obama Administration officials. The entire proceedings were shocking.

Byrne explained that he has been troubled by the chain of events and he recently spoke to long-time family friend Warren Buffett for advice – who told him to come forward. Continue reading “Article: Patrick Byrne Goes on Fox News Making Serious Allegations Against Former Obama Administration Officials”

02/12/201903/09/2021

Article: Overstock founder Patrick Byrne pitches radical transformation of government services via blockchain

Article - Media, Publications

Overstock founder Patrick Byrne pitches radical transformation of government services via blockchain

Aaron Hankin, 12 February 2019

Even Venezuela can easily be fixed, Byrne claims: ‘We could step into Venezuela with six laptops and create not only a functioning society but arguably one with the most advanced government systems in the world’ Continue reading “Article: Overstock founder Patrick Byrne pitches radical transformation of government services via blockchain”

11/23/201803/09/2021

Article: Overstock’s Founder Bets on Blockchain, Not Bedsheets

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Overstock’s Founder Bets on Blockchain, Not Bedsheets

Paul Vigna, 23 November 2018

In August 2015, Overstock.com Inc. Chief Executive Patrick Byrne rented out Nasdaq Inc.’s Times Square broadcast studio for a lavish party to unveil his newest project, a blockchain-based trading system called tZero.

Three years later, tZero still hasn’t launched commercially, and it is burning through millions of dollars a month. Yet Mr. Byrne is staking his company’s future on it and more than a dozen other blockchain startups. Continue reading “Article: Overstock’s Founder Bets on Blockchain, Not Bedsheets”

01/30/201805/24/2020

Web: 5,000 Reasons Why the Overstock.com Saga is Crazier Than Ever

Web

5,000 Reasons Why the Overstock.com Saga is Crazier Than Ever

Gary Weiss

gary-weiss.com, 30 January 2018

It’s been a long time since the financial press has cast a skeptical eye on Overstock.com and its CEO, Patrick Byrne, Yet there are multiple reasons to do so. Five thousand to be exact. So I’ve dusted off my blog for an update on my favorite fraudulent stock.

As in all soap operas, its continuing story line is not new: Byrne wants the stock to go up. The stock has a history of manipulation, mainly through cooking the books, resulting in multiple restatements. But it takes an expert to sniff out accounting irregularities. All you need to detect the latest Overstock scam is a working pair of eyes and an Internet connection.

Read full post.

01/08/201803/09/2021

Article: Overstock CEO Spearheads Cryptocurrency

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Overstock CEO Spearheads Cryptocurrency

Sarah Koebel, 08 January 2018

Tech-driven online retailer Overstock’s CEO, Patrick Byrne, has made quite the splash in the cryptocurrency world.

As one of the first retailers to accept bitcoin as a form of payment, Overstock has reaped in some serious profit. Its stocks have risen significantly since July (much like the price of bitcoin). And thanks to Bryne’s development of tZero, an ICO for OverStock, more profits are set to roll in. And Byrne isn’t stopping there, he has also created a company that will use blockchain technology to help provide land rights to people in developing countries. Continue reading “Article: Overstock CEO Spearheads Cryptocurrency”

12/22/201603/10/2021

Article: Overstock CEO Patrick Byrne Talks Blockchain and Making History With t0

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Overstock CEO Patrick Byrne Talks Blockchain and Making History With t0

Rob Marvin, 22 December 2016

Blockchain is racking up all kinds of firsts. The distributed immutable ledger now has its own blockchain-as-a-service market, a host of new blockchain startups, coalitions, and open-source projects, and is seeing adoption in countless industries from global banking and finance to the legal cannabis space. The latest first for the buzzy emerging technology comes in digital stock trading. Continue reading “Article: Overstock CEO Patrick Byrne Talks Blockchain and Making History With t0”