• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Breaking News: KyberSwap Hacker Demands Full Control, Sets December 10th Deadline
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: KyberSwap Hacker Demands Full Control, Sets December 10th Deadline
Coinbase Crypto PayPal Expands With $4 Billion Honey Acquisition

PayPal’s Peter Thiel and Bitmain’s Jihan Wu Invest in EOS Publisher Block.one

Georgi Georgiev by Georgi Georgiev
5 years ago
in EOS, Altcoin News, Altcoins, Blockchain, Companies, News, News teaser
0

Co-founder of PayPal and well-known venture capitalist Peter Thiel and Jihan Wu’s Bitmain Technologies Ltd. have invested into Block.one — the publisher of EOS.


More Money…

Following its $4 billion ICO, Block.one announced that it has closed a strategic round of investment after attracting partners like Peter Thiel, Bitmain, Louis Bacon, and Alan Howard. The amount of money raised in the funding round wasn’t disclosed.

It’s also unclear how the newly raised funds are going to enhance the $4 billion gained through the year-long EOS ICO. It is clear, however, that it would add some institutional heft to the ranks of Block.one. Brendan Blumer, CEO at the company, noted:

As Block.one prepares to announce its future plans, we’re excited to welcome key strategic investors aligned with our values of creating a more secure and connected world.

…More Controversy

On April 11, 2018, AntPool — the mining pool run by Bitmain Technologies, LTD — announced that it will run for a spot as an EOS Block Producer (BP) in the ongoing vote. Prior to the latest round of strategic investment, as it’s referred to by Block.one, the company announced that it will start staking its tokens in order to vote for the network’s 21 Block Producers.

Controversially, the last round of funding took place only a couple of weeks after Block.one’s announcement and one of the leading investors is no other but Bitmain Technologies, LTD.

The chain of events has immediately caught the attention of the public, triggering yet another wave of controversy while hinting that Bitmain might stake in the project as a BP and possibly impact its further development. Jihan Wu, the company’s co-founder said:

The EOSIO protocol is a great example of blockchain innovation. Its performance and scalability can meet the needs of demanding consumer applications and will pave the way for mainstream blockchain adoption.

Bitmain Looking to Launch Canadian Bitcoin Mining Operation

The Bitcoin mining giant reported profits in the range of $3 billion to $4 billion in 2017. It recently closed a Series B funding round of $400 million, giving it a valuation of $12 billion. With Block.one holding 10 percent of the total supply of EOS tokens (100 million units), it’s interesting to see how the company will allocate its votes.

Do you think Peter Thiel and the other new investors will help strengthen EOS’ position? Don’t hesitate to let us know in the comments below! 


Images courtesy of Shutterstock, Bitcoinist archives.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Georgi Georgiev

Georgi Georgiev

Related Posts

Platypus Finance

Platypus Finance Hackers Acquitted: ‘Ethical Hacker’ Defense Prevails

19 hours ago
XRP

Can XRP Price Reach $50? Crypto Analyst Predicts Massive Move

4 days ago
blockchain

United Nations, Algorand Network To Launch Blockchain Academy In 2024

4 days ago
Binance

Goodbye To BUSD: Binance Announces Complete Phase-Out By December

5 days ago
Genesis

Genesis And DCG Bury The Hatchet In $620 Million Legal Showdown

6 days ago
Charlie Munger

Bitcoin’s Fierce Opponent Charlie Munger Breathes His Last At 99

7 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
Inmerion
Inmerion

Press Releases

  • Top 3 Altcoins to Explode in December: BNB, ADA, and QUBE

    6 hours ago
  • Avalanche and NEAR Protocol Displaying Promise, While a New...

    7 hours ago
  • Crypto Race 2023: Rebel Satoshi, Arbitrum, and EOS Lead the...

    7 hours ago
  • 3 Reasons Memeinator Tops List of Altcoins to Watch in 2023

    12 hours ago
  • Meme Coin that Makes an Impact – How Chimpzee Strengthens...

    12 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.