TagBlock.One

Billionaire Crypto Bull Thiel's Block.one Seed Shares Reap Staggering 6,500% Profit

Peter Thiel, Block.One

By CCN: Block.one is returning jaw-dropping profits to its earliest investors like Peter Thiel. It's a stock buyback of epic speed and proportions. In only three years the blockchain startup is buying back shares sold in a seed round of funding in 2017. The ROI for anyone who cashes out will be as much as 6,567%. Where did Block.one come up with all that money in so little time? It executed the...

EOS Price Spikes 10% as Block.one CEO Floats 'Voter Rebates'

eos price cryptocurrency crypto

The EOS price on Wednesday posted more than 10% in gains against the US dollar owing to strong fundamentals. The cryptocurrency opened the day at $2.7253 on Bitfinex but dropped during the early Asian session to establish an intraday low towards $2.7066. It briefly bounced back as the course matured and entered the European trading hours, setting fresh high towards $2.8402. Before the US session...

Block.one Vows to Use its EOS Tokens to Prevent Voting Cartels

eos voting block producer election

When cryptocurrency development firm Block.one concluded its initial coin offering (ICO) and released the first version of the EOSIO software, it didn’t just raise a record ~$4 billion in crowdfunded contributions -- it also received 100 million of the 1 billion EOS tokens distributed through the network’s Genesis block. Now, the well-funded blockchain startup is vowing to use those tokens to...

Bitcoin Mining Giant Bitmain Opens 20,000 Sq. Foot Office in Silicon Valley

Bitmain Silicon Valley

Bitmain, the cryptocurrency industry’s most valuable company, has just opened an office in Silicon Valley ahead of its planned initial public offering (IPO) later this year. The Silicon Valley Business Journal reports that the China-based cryptocurrency mining hardware manufacturer has just moved into 20,000 square feet of office space in downtown San Jose, CA, filling the last vacancy in the...

$12 Billion Bitmain’s Second Major Investment in 2018 is EOS

EOS Asia

Bitmain, the world’s largest cryptocurrency company valued at $12 billion, and billionaire technology investor Peter Thiel have invested in Block.one, the development firm behind EOS. Jihan Wu, the co-founder and CEO of Bitmain, who is expecting to close a $12 billion initial public offering (IPO) this summer, said in an official statement that the EOS protocol has shown significant innovation...

Billionaire Peter Thiel, Bitmain Lead Investment Round in EOS Creator Block.one

Peter Thiel

Billionaire Peter Thiel and bitcoin mining giant Bitmain are headliners in a star-studded investment round for Block.one, the creator of the EOS cryptocurrency. Billionaires Headline Block.one Funding Round Block.one announced the conclusion of the funding round on Monday, but the firm did not reveal its size or at what valuation it was conducted. In any case, the offering attracted a cadre of...

EOS Might be About to Get a Lot More Centralized

The EOS network, already characterized by critics as one of the cryptocurrency ecosystem’s most centralized projects, could be about to concentrate even more power in the hands of an even smaller number of actors. Block.one to Begin Voting for EOS Block Producers EOS creator Block.one on Thursday announced that it will begin staking its tokens to vote for the network’s 21 block producers, who ...

Dan Larimer Releases Draft Proposal of New EOS Constitution

EOS

After proposing that the EOS project scrape its original Constitution, as CCN reported earlier today, Daniel Larimer, the creator of EOS, has now released a revised proposal. In the blog release, Larimer clarifies the premise "Code-Is-Law" as it relates to arbitration bodies. When 21 block producer's froze several EOS accounts one week after the mainnet launch, the original Constitution was...

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