Overstock’s Shares Reacted Positively

Overstock’s Shares Reacted Positively

Following the announcement, shares of Overstock rose to 4.83% on Friday, recovering almost all its losses suffered on Thursday due to a broad sell-off on Wall Street. OSTK is currently pricing at $13.90 in the NASDAQ listing.

Looking at the bigger picture for the stock, it seems highly correlated to Bitcoin or Ethereum prices as OSTK rallied 260% in 2017, to decline around 78% in 2018. The share of Overstock also hit its all-time high in January 2018 at 89.80.

As reported previously in Cryptimi, Ohio became the first state accepting Bitcoin for tax bills back in November 2017, when State Treasurer Josh Mandel announced Ohio would implement OhioCrypto.com website as the website that will manage all the processes to allow businesses to pay with BTC as soon as November.

As the press release said at that time, Ohio became the first government in the world to accept cryptocurrencies, “From mom and pop coffee shops to Fortune 100 companies, and businesses now have the ability to pay their taxes with OhioCrypto.com.”

It is actually happening.

Recently Similar News

Latest Guides

Latest News

Binance,Bitcoin,Decentralised,Ethereum

Binance Reviews The Month In Cryptocurrency And Highlights DeFi

Binance, the online cryptocurrency exchange, has released their monthly review, highlighting the historic rise of decentralized finance. Binance, the largest cryptocurrency exchange in the world by volume, has recently released their monthly review of the cryptocurrency space, highlighting the massive growth in the decentralized finance (DeFi) sector. Besides the launch of Binance Smart Chain, Binance […]

18 September, 2020
Bitcoin,Coinbase,Cryptocurrency,Decentralised

CoinMarketCap Identifies Bullish Events for Bitcoin and Explains the Drama Behind SushiSwap

CoinMarketCap, the world’s largest cryptocurrency market cap aggregator, has released an opinion piece on events surrounding Bitcoin and all the drama behind the SushiSwap saga. CoinMarketCap, the large online cryptocurrency market capitalization aggregator, has created an analysis on events surrounding Bitcoin and the craziness surround the latest DeFi craze, SushiSwap. The main event related to […]

18 September, 2020
Decentralised,Ethereum,Exchange Platforms,Trading

Uniswap Launches UNI Governance Token With Airdrop

Uniswap, the large decentralized exchange, has recently launched their governance token, UNI, and have given away 15% of the token to users. Uniswap, the Ethereum based decentralized exchange and decentralized financed (DeFi) application, have recently launched the governance token, UNI, and have airdropped a large portion of the token supply. All in all, Uniswap distributed […]

17 September, 2020
Bitcoin,Changelly,Cryptocurrency,Exchange Platforms

Changelly Explains The Concept of Short Selling

Changelly, the online cryptocurrency exchange, has recently released an article on short selling and how you can take advantage of it as a user. Changelly, the larger online cryptocurrency exchange, has created a blog post highlighting short selling and what their users can do to take advantage of this trading feature. Short selling can take […]

16 September, 2020
Cryptocurrency,Exchange Platforms,IQ Option,Trading

IQ Option Identifies Habits of Successful People With “Million Dollar Habits”

IQ Option the online cryptocurrency exchange and CFD platform, has identified a few million dollar habits that successful people tend to follow. IQ Option, the cryptocurrency trading and CFD platform, has created a blog post highlighting “Million Dollar Habits” or habits that are frequently seen across successful people. The post starts by identifying the “stereotypes” […]

16 September, 2020
Binance,Bitcoin,Decentralised,Trading

Binance Introduces and Launches A Second Project: The Wing Project

Binance, the largest online cryptocurrency exchange, is launching a new project known as The Wing Project, a cross-chain DeFi platform for Binance users. Binance has recently launched their second large project, The Wing Project, which will continue to bring more DeFi applications to Binance users. The Wing Project is a “credit based, cross-chain DeFi platform” […]

15 September, 2020
Bitcoin,CoinMarketCap,Cryptocurrency,Decentralised

CoinMarketCap Launches The CoinMarketCap Earn Campaign With Kava

CoinMarketCap, the largest online cryptocurrency market capitalization aggregator, has launched their Earn Campaign with Kava. CoinMarketCap Earn, a subsection of CoinMarketCap, the cryptocurrency market capitalization aggregator, allows users to earn tokens in exchange for learning about the background of the token. CoinMarketCap facilitates this program by creating educational videos about the token’s background, properties, and […]

15 September, 2020
Bitcoin,Cryptocurrency,Kraken,Trading

Kraken Exchange To Cut All Futures Taker Fees For All Traders

The Kraken cryptocurrency exchange will be cutting taker fees across the board for all of its traders. Kraken, the online cryptocurrency exchange, will be cutting all taker fees across the board for all of its traders. Kraken will be cutting taker fees by at least 33% for all of their clients (from 7.5bps to 5bps). […]

15 September, 2020