Bitcoin lost nearly a fifth of its value over the weekend, raising concerns that investors are losing faith in the cryptocurrency.» Read More
SALT LAKE CITY _ Overstock.com Inc. on Thursday reported profit of $1.6 million, or 7 cents per share, in its third quarter. The company, based in Salt Lake City, posted revenue of $353 million in the period. This story was generated by Automated Insights using data from Zacks Investment Research.
NEW YORK, Aug 28- Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.
SAN FRANCISCO, Aug 14- Ebay Inc's PayPal is in talks with Coinbase Inc and other bitcoin transaction providers to integrate the virtual currency within its Braintree payments system, The Wall Street Journal reported on Thursday. Ebay bought Braintree for $800 million in 2013 to boost PayPal's mobile presence.
NEW YORK, Aug 13- Overstock.com' s sales through bitcoin are expected to add 4 U.S. cents to its earnings per share this year, the online retailer's Chief Executive Officer Patrick Byrne told Reuters last Friday. Byrne expects bitcoin sales of between $6 million to $8 million in 2014.. "I think the world expects us to make 75- 80 cents per share this year.
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June 3- Apple Inc will let software developers include virtual-currency transactions in their applications, paving the way for new forms of money to appear on iPhones and iPads.
May 29- Satellite TV operator Dish Network said it would accept bitcoin payments from customers from the third quarter, joining companies such as Overstock.com Inc and Zynga Inc in accepting the digital currency. Coinbase, funded by venture fund Andreessen Horowitz, Union Square Ventures and Y Combinator, is one such digital wallet.
FedEx CEO Fred Smith said retailers' shortcomings contributed to the mess it faced over the holidays, according to a media report.
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A Brand Keys survey found that shoppers responded to Amazon's price hike by dinging its brand reputation and brand value.
Bitcoin users now have a new payment option at Lord & Taylor, thanks to a partnership between the retailer and shopping app Pounce.
Overstock.com says it has sold over $1 million worth of merchandise to bitcoin users since it started accepting the virtual currency in January.
Customer satisfaction with online shopping slipped 4.9 percent to a benchmark of 78, the lowest score since 2001.
The virtual currency’s meteoric rise encountered stormy weather that could determine its future.
Two Las Vegas casino hotels will be the first known U.S. commercial gambling houses to accept bitcoin, the unregulated digital payment system.
Bitcoin has become a coin of the realm of the Sacramento Kings, a newspaper reports.
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As Zynga becomes the latest adopter of the digital currency, the move highlights a budding trend: businesses adopting bitcoin to woo a key consumer demographic.