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Newegg files opposition to Soverain Software’s Supreme Court petition
Los Angeles – Newegg has filed an opposition to Soverain Software's petition for the Supreme Court to review a January 2013 ruling by the Federal Court of Appeals in the Eastern District of Texas that found Newegg and other e-commerce retailers did not violate a patent on e-commerce shopping cart technology held by Soverain. In district court actions in the Eastern District of Texas, Soverain had obtained settlements and won jury verdicts estimated at more than $70 million.
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Report: Overstock.com to accept Bitcoin
New York -- Online discount retailer Overstock.com plans to let shoppers pay with the digital currency Bitcoin starting in June, according to The New York Times.
The report said the retailer is reviewing several third-party firms that facilitate Bitcoin transactions, and that it hopes to have one place by mid-January.
If the plan is carried out, Overstock will be the most prominent retailer to accept Bitcoin as a form of payment.