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Patrick Byrne


Patrick Byrne was the CEO of Overstock.com, one of the earliest online retailers to accept bitcoin as payment. Overstock.com is the parent company of blockchain investment firm Medici Ventures and capital markets platform tZERO. Byrne bought Deals.com in 1999 and rebranded the international...

Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox Creditors


Gox Rising has offered to buy out creditor claims from the collapsed cryptocurrency exchange Mt. Gox. The Brock Pierce-led outfit will pay $800 per bitcoin claim, either in BTC or cash, to creditors who are unwilling to wait for the finalization of the ongoing civil litigation. “Our payment...

Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced


Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring...

London-Based Cryptocurrency Exchange LBX Faces Compulsory Liquidation


London-based cryptocurrency exchange LBX is the latest digital asset trading venue to face critical difficulties and is now being liquidated. Despite rising crypto prices, which typically lead to an influx of new traders, some regulated exchanges have struggled to survive amidst rising legal fees...

Fortress Renews Offer to Buy Mt Gox Claims for $778 per Coin


According to reports, the New York-based private equity firm Fortress is offering Mt Gox creditor claims at $778 per coin. The offer is 13.5% lower than what Fortress offered in July and Mt Gox claimants have until December 31 to accept the offer. Also read: Reports Criticize Bitcoin SV Miners...

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