SoftBank founder Masayoshi Son speaks in futuristic terms about his company, but the success of his late-stage VC fund is still unknown.Technologyread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Reports of Tesla vehicles spontaneously catching fire could make customers wary of EVs just as the industry ramps up production plans.Autosread more
Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Robert Smith announced that he and his family would set up a grant to pay off the nearly 400 graduating seniors' student loans. The total gift is estimated at $40 million.Educationread more
Trump's relationships with Deutsche Bank have drawn scrutiny in Congress and elsewhere. Trump sued the bank last month to prevent it from complying with Congressional...Financeread more
Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
The outrage has even inspired a Change.org petition called "Remake Game of Thrones Season 8 with competent writers," with over half-a-million signatories and climbing.Entertainmentread more
The move comes after star runner Alysia Montaño's May 12 op-ed in the New York Times in which she detailed her experiences with Nike.Retailread more
The states driving most of Overstock's purchases via cryptocurrency aren't your typical tech havens.
The top five states for cryptocurrency purchases are Alaska, Delaware, Oregon, Wyoming and Hawaii have , the company told CNBC. Overstock got this statistic by looking at the percentage of overall revenue from each state that came from cryptocurrency purchases. (Absolute cryptocurrency revenue is highest in the most populous states --- California, New York, Texas, and Florida.)
Overstock began accepting its first cryptocurrency, bitcoin, in 2014. Today it allows payment from about 50 different cryptocurrencies. The company does about $300,000 worth of sales through cryptocurrency each month, said Overstock board member Jonathan Johnson.
"We saw from the 2013 banking crisis is Cyprus that bitcoin was a good store of value and could act as a currency, " said Johnson. "We like the pro-freedom aspect of Bitcoin. " (Johnson is also the president of Overstock's Medici Ventures division which invests in blockchain technology companies.)
People paying with cryptocurrency don't buy anything drastically different from other customers. However they do tend to be male and buy twice as much as those paying with regular currency, Johnson said.
Because cryptocurrency does not rely on banks or government-issued currency, it's popular among libertarians and others who distrust government intrusion and big institutions, Johnson said. It also may allow Overstock to expand in areas where many people don't have bank accounts, like Africa.