Business

Nearly two months after CEO Patrick Byrne first announced that it would hold an ICO of its own to help build out its blockchain infrastructure, Overstock – the e-commerce-company-turned-wannabe-blockchain pioneer – was expected to launch at midnight Monday to significant fanfare...

...After a series of delay's due to unspecified technical issues, the offering finally began at around 5 pm ET...

Here's more from the Overstock press release announcing the offering...

Authored by Irina Slav via OilPrice.com,

The chief executive of Russian state oil major Rosneft met yesterday with Cuba’s President Raul Castro, suggesting that the two are working on an energy deal, Reuters reports.

Rosneft started exporting crude oil to the Caribbean island earlier this year as its main supplier, Venezuela, struggled with a decline in its own production, and in October Sechin said there were plans to increase oil shipments to Cuba.

One of the traditional push backs against attempts to predict "black swan" events is that they are by default unpredictable, rendering the entire exercise moot. However, for the second year in a row, Nomura's Bilal Hafeez has found a loophole, or rather loop-animal: the grey swan.

Authored by Paul Tustain via BullionVault.com,

Governments have abused and distorted our money. How about a 'Bitcoin standard'...?

THIS is a subsection of a book that's coming later.

It seemed worth publishing now,  writes Paul Tustain, founder and chairman of BullionVault and co-founder of WhiskyInvestDirect.

What is money?

Bankers were thrilled last year when Wall Street bonuses climbed for the first time in years after falling more than 15% in 2015. But unfortunately, even with equity markets around the world at record highs in 2017, volatility across asset class plunged this year - with the Dow seeing its least volatile year on record by some measures - has plunged, decimating bonus pools across asset classes, Bloomberg said.